"and no one could have predicted the major recession we've been through."
You are very correct!
Everyone and their DOG were predicting a FULL BLOWN Depression! Problem is that the MESS took a little longer to actually be realized tham most actually expected!
But it did happen. And now it will take many more years of effort to get most of the REAL Damage corrected or cleared out of the way. Thus, more Up's and Down's to come. With any Luck and Continued planning and support from Government and Properly Regulated Regulators, the Cleansing will rotate through the various Sectors such that there will actually NOT be the Full Blown Depression virtually EVERYONE Predicted.
In the mean time, Noront Resources will prove up Vast Mineral Wealth. Problem with this is, given the current behaviour of our BoD, we will all benefit, BUT some will, and are, Benifiting much more than others. This is so much obvious, and sadly NOT too to surprising, that the Opacity of Transparency is almost Translucent. But they (and who are they anyway?) will keep on trying to cover the Translucence with Opaque Front Office inconsistencies and Pseudo Leaking Back Room necessities.
Old Joe
PS: NON Revisionist at heart!