The Crash of the Millennium : Surviving the Coming Inflationary Depression

Batra, Ravi

ISBN 10: 0609605127 / ISBN 13: 9780609605127

Published by Harmony Books, New York, 1999

About this Item

276 pages including index. Predicts 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. Describes how individuals, businesses, and governments can prepare for the hardships that lie ahead. Author is a Professor of Economics at Southern Methodist University in Dallas. Splendid clean unmarked copy with very light wear.

Seller Inventory # 16201087

Bibliographic Details

• Title: The Crash of the Millennium : Surviving the Coming Inflationary Depression
• Publisher: Harmony Books, New York
• Publication Date: 1999
• Language: English
• ISBN 10: 0609605127
• ISBN 13: 9780609605127
• Binding: Hardcover
• Edition: First Edition, First Printing
• Condition: Fine
• Dust Jacket Condition: Fine
• Seller catalogs:
  • Investment

About this title

Synopsis

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

About the Author

DR. RAVI BATRA, professor of economics at Southern Methodist University in Dallas, is the author of five international best-sellers. Chairman of the department from 1977 to 1980, Batra was ranked third among forty-six "superstars" selected from all-American universities by the learned journal Economic Inquiry. In 1990, the Italian prime minister awarded him a Medal of the Senate for correctly predicting the downfall of Soviet communism.