It's remarkable how often the predictions of economics professor Ravi Batra have proven prescient. Years in advance he predicted the rise of fundamentalism in Iran, the fall of the Berlin Wall, the decline of communism, the stock market crash of 1987, and the September market slump of 1998. The one time Batra seemed to get it wrong was with the prediction of his best-selling book, The Great Depression of 1990. As it turned out, that depression was postponed by massive borrowing from abroad, and what we now face will be all the worse for the delay.
The premise of this book is as simple--and as powerful--as the law of supply and demand. In the United States, as in many other countries, we've been producing more and more goods, but wages have not kept pace. That disparity has been papered over by credit cards, easy loans and a huge speculative bubble in the stock market, but cracks are appearing in the walls. Russia, the "Tiger" economies of Asia, and Latin America have been hit hard recently, and Batra predicts similar tough times ahead for the United States. It will begin with a stock market crash in the fall of 1999, followed by a depression made doubly damaging by rising inflation. Its effects will reverberate through the early part of the coming decade.
In The Crash of the Millennium, Professor Batra describes how individuals, businesses, and governments can prepare for the hardships that lie ahead. And he tells us how, for those who survive, the future beyond the dark horizon holds decades of prosperity and peace.
The author of five international best-sellers, Batra is known for successfully predicting:
the stock market crash of 1987
the fall 1998 U.S. stock market slump
the current market turmoil in Asia and Latin America
a fundamentalist revolution in Iran in 1979
the decline of communism
the fall of the Berlin Wall
The premise of this book is as simple--and as powerful--as the law of supply and demand. In the United States, as in many other countries, we've been producing more and more goods, but wages have not kept pace. That disparity has been papered over by credit cards, easy loans and a huge speculative bubble in the stock market, but cracks are appearing in the walls. Russia, the "Tiger" economies of Asia, and Latin America have been hit hard recently, and Batra predicts similar tough times ahead for the United States. It will begin with a stock market crash in the fall of 1999, followed by a depression made doubly damaging by rising inflation. Its effects will reverberate through the early part of the coming decade.
In The Crash of the Millennium, Professor Batra describes how individuals, businesses, and governments can prepare for the hardships that lie ahead. And he tells us how, for those who survive, the future beyond the dark horizon holds decades of prosperity and peace.
The author of five international best-sellers, Batra is known for successfully predicting:
the stock market crash of 1987
the fall 1998 U.S. stock market slump
the current market turmoil in Asia and Latin America
a fundamentalist revolution in Iran in 1979
the decline of communism
the fall of the Berlin Wall
