There is a saying that it does happen but it has been my experience that for the most part the doom and gloom stuff that has been predicted over the years either arrives in a less gloomy version or not at all.
Remember:
Y2K
Numerous snowfall predictions of gargantuan proportions
Mayan prediction of the end of the world
and now the 17 year onslaught of the cicadas.
All turned out to be non-events
It has always been about the stuff that sneaks up on us, unless of course you believed in the European prediction model of Sandy.
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