My summary insight from studying hundreds of years of all types of manias and panics is simply that bubbles always burst, and then they go back to where they started or a bit lower.
We can't go back to a bubble-and-burst economy based on reckless speculation and spending beyond our means, where a relative few do spectacularly well while the middle class loses ground.
The try gave Wigan a lift and they pulled level on 25 minutes when a barnstorming burst by Gareth Hock was supported by Leuluai for hooker McIlorum to go over under the sticks.
The housing bubble burst and caused a situation where a vast number of American homeowners saw their mortgages go underwater, the values of their home go lower than the cost of their mortgage.