[mjp]

What signs should we be looking for?

1) credit crunch = increased difficulty in obtaining loans
2) tight money = higher interest rates
3) monetary contraction = contraction of the supply of fiat money

These lead to crises:

1) bubbles bursting, such as real estate, banking, savings and loans, financial, energy.
2) increased bankruptcies, insolvencies, defaults, and failures, such as banks, large corporations, big cities, states.
3) crashes, panics and bank runs.

These are the start of the bust phase of the contraction phase of the boom-bust cycle caused by Keynesianism.

[Errant]

While we may not all agree on where the final delineation will be, or how bad it will get, I think the vast majority do agree worse times are coming.