I see your point. While I think he was late to the real party crash announcement, he did sensibly look for a secure chair before the music stopped. In the final analysis, he was looking at maximum avoided losses ..while others were looking for maximum gains before the house of card collapsed. I understand this too. We're always going to be in a quench and purge scenario. It's merely the peak vs. the valley depth and or/duration. We had a protracted positive cycle ..so we're going to have either a deeper or protracted negative cycle (probably both).
Our current tinkering, as was pointed out with examples from TGD, will typically lengthen recovery. This totally makes sense since it's offsetting the liabilities of the purge ..so a longer, but less steep, slope will be the sensible outcome of such actions.