Recording with click track (won't start)

I generated my click track, and I set the recording to overdub under Preferences. Now when I hit Record, nothing happens (a new recording track is generated, but recording never commences). After I hit stop, I get this message:

“Latency correction setting has caused the recorded audio to be hidden before zero.
Audacity has brought it back to start at zero.
You may have to use the Time Shift Tool to drag the track to the right place.”

… But there is no recorded track.

Any ideas?