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Yep, ASX at 2200, and AUD at 0.32 USD, and house prices to fall 50% across the board. This was all supposed to happen by October 2009. According to NR.

Or maybe there is no bubble. The house price to income ratio in Australia was essentially unchanged between 2003 and 2008. In Sydney, house prices fell 20% in real terms between 2003 and 2008. That suggests we are not in a bubble, yet. Current prices are supported by rising disposable incomes...

What was artificial about it? Fiscal and monetary stimulus is normal and expected when an economic downturn is approaching. Keen actually expected even greater levels of stimulus. He expected (and advocated) ZIRP and debt forgiveness (just another prediction he got wrong).