I remember the exact day the great crash began. We talked about it here; it was the day it was announced that home foreclosures were up by 1/8 of 1%. It took 5 years+ to dig out of that one and in some ways we are still digging out.

Today we have this:

A record 7 million Americans are 3 months behind on their car payments, a red flag for the economy

Ugh.