Predicted by who? The former crew without a clue or those that sucked up to them? What part of a worldwide global economy didn't they understand? For the last few years there has been a consistent tone in America and that spread to the rest of the world.
There has been a massive dichotomy between what we are told to achieve in order to get ahead and then there is the reality that we have worked our way in to a corner where our workforce has no work and few, if any, prospects in sight. The little people (taxpayers) have known for years that gravity works on everything except money. And once money stops flowing upstairs, the world grinds to a halt.
We were told that education would help stave off poverty, but now with student loans and no jobs to repay them, some of us are now poorer than we would have been is we hadn't tried to improve on what was already working. Lately not a day goes by that it doesn't cross my mind that learning to drive a forklift in the Army woulld be of immensely more use to me now than being able to repair guidance control systems from thirty years ago. My brother, a former Naval officer, uses his skills too. Not.
Worst of all, now that we finally have experience, we have too much of it. Throw in the Masters and we intimidate the crap out of people. Now we are overqualified and have the papers to prove it. Just like millions of others who believed the American Dream. (current as of 11/08, before the numbers got really bad).