The cartoon has nothing to do with the subject unless you are still wearing your Nov 7th tinfoil hat.
What are some warning signs of a rough economic path ahead?
✓ Auto loan delinquencies
✓ 1% market decline
✓ Capital flows of unusual vector
✓ An Exurban Nation post on the subject
We've all been watching auto loans deteriorate. Even the Fed:
a significant net fraction of banks reported they expect asset quality of credit card and auto loans to deteriorate somewhat over 2017.
As to the 1% market decline. I fibbed. It wasn't the declines of the last days but the lack of bigger market behavior for the past several years.
Although emerging markets (VWO) are enjoying popularity amongst equity investors, as mentioned in the previous article, the situation remains bleak in terms of overall capital flows. The Institute of International Finance expects capital outflows from emerging markets to continue for the fourth consecutive year in 2017.
According to the Institute, the 25 emerging markets in its group are forecast to see capital outflows amounting to a total of $490 billion.
China (ASHR) will lead the aforementioned group in outflows. The Institute expects China to witness net capital outflows of $560 billion.
Nothing big yet but from tiny acorns mighty oaks emerge.
A final thought. Sears/Kmart (SHLD) has a square foot of retail floor space for every person in the nation.