Indeed, the process of looking at the data may help a great deal in understanding how to anticipate and avoid and future bubbles.
We avoided a Depression because governments knew to keep putting in spending and not stop too soon, according to Don Drummond, Economist for the TD Bank. Drummond said the one key factor which extended the deepness of The Depression was the too quick withdrawal of government stimulus spending. For the next two years, we will be experiencing government spending on infrastructure and other projects. It is after that the Queen may be showing up at the LSE again, asking for another explanation from her Royal Economists.