Indicators, flags would be the inflection point in the MSM, if they start publishing the fact that this is a global financial emergency. You don’t see that much in American media because it’s hard to blame on Bush.

If news of Japan, UK, EU, China (nobody takes Russia seriously) financial conditions starting making the headlines at the top of the NYT and WaPo and WSJ, I will take that as news that a true global financial crisis is underway that not even the obessive MSM compulsion of >>>Making Sure Obama Wins>>> can cover up.

B&B and Fortis both in crisis
Bradford & Bingley’s fate to be decided by tonight as Spanish bank Santander leads rescue talks

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4837674.ece