a remarkable comment, page-12

I'm still waiting for the supposed collapse of Australian house prices as predicted by Prof. Steve Keen and others.
Keen still is banging on about it even after losing his bet - google him.

Markets are and have always been cyclical. But if anyone thinks a 1930's Depression is going to come around again because it was part of a cycle then they need to re-adjust to reality. I don't believe we're going to see another sub-prime situation happen again either - these events are black swan events and not part of any cycle.

The GFC was really just a severe credit squeeze and I'm sure we will have credit sqeezes again in the future but not to the depths experienced during the GFC.
However I believe something has to be done to unwind and ban derivative trading and investment banks prevented from making such big bets on markets. They could take us some place we've never been before.

But the real reason people like the doom and gloom drum beaters get to me is that they would actually welcome a huge fall in the markets so that their predictions were proved correct and that it would vindicate their strongly held opinion of themselves as financial geniuses.

In the end huge falls in markets help no one.