Could this crisis have been foreseen?

Many have commented that this economic crisis took the world by surprise and no one really understood the gravity. This link has a compilation of people who predicted part of all of what has unfolded in this economic crisis.

However, for me the more compelling one is The Economist. As readers of the magazine would be aware, that publication has been warning of this since 2007. Don't believe me, see the covers from 2007 below:






PS: Many of the prescient theorists who warned of impending crisis, such as Joseph Stiglitz and Warren Buffet, are Obama's advisers. Others like, Paul Krugman, have endorsed Obama and are on the advisory panels for key Democrats, such as Hillary, who would be involved in any final rescue effort.