He made those comments in May 1986.
The stock market collapsed in October 1987 and real estate hit the skids in 1989. So there was a fair delay in the comments and the markets peaking before collapsing.
I doubt his comments inspired confidence but both markets rose strongly for some time after he said that.
I found this while I was looking for the date and thought it was a very confident Keating at his arrogant best.
Hewson: I ask the Prime Minister: if you are so confident about your view of Fightback, why will you not call an early election? Keating: The answer is, mate, because I want to do you slowly. There has to be a bit of sport in this for all of us. In the psychological battle stakes, we are stripped down and ready to go. I want to see those ashen-faced performances; I want more of them. I want to be encouraged. I want to see you squirm out of this load of rubbish over a number of months. There will be no easy execution for you. You have perpetrated one of the great mischiefs on the Australian public with this thing, trying to rip away our social wage, trying to rip away the Australian values which we built in our society for over a century.
