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The Crash of the Millennium: Surviving the Coming Inflationary Depression
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The Crash of the Millennium: Surviving the Coming Inflationary Depression Hardcover - 1999

by Ravi Batra


From the publisher

The professor of economics and bestselling author who predicted the stock market crash of 1987, the current economic turmoil in Asia, and the stock market rollercoaster of 1998 is back, with startling new predictions for 1999 and beyond.

The bestselling author of The Great Depression of 1990 is back, with dire predictions for the early part of the new millennium. Batra, professor of economics at Southern Methodist University in Texas, accurately predicted:
-- a fundamentalist revolution in Iran in 1979-- the stock market crash of 1987
-- every year of the 1990s would see dramatic changes in the world-- the current market turmoil in Asia and Latin America
-- the Fall 1998 stock market slump in the US.

According to Batra, the heart of the problem is a simple issue of supply and demand. Salaries have long lagged behind the cost of goods, but we've papered over this disparity with easy money. Eventually, when money tightens, the trouble can no longer be postponed.

Similarly, on a national level, when a country postpones its economic ills by borrowing from other countries, first there is a speculative bubble, but then the bubble bursts, unleashing a deadly combination of inflation and depression. We've seen this in the Asian Tigers, in Mexico, and in Russia -- and soon it will be our turn here in the US. Batra lays out this argument, and in the last three chapters discusses how we can protect ourselves as individuals, and which specific economic reforms could speed the nations's return to fiscal health. Batra's trademark is brief, clear text, and this book will be no exception.

Details

  • Title The Crash of the Millennium: Surviving the Coming Inflationary Depression
  • Author Ravi Batra
  • Binding Hardcover
  • Edition 1st
  • Pages 288
  • Volumes 1
  • Language ENG
  • Publisher Harmony, New York
  • Date September 7, 1999
  • Illustrated Yes
  • ISBN 9780609605127 / 0609605127
  • Weight 1.2 lbs (0.54 kg)
  • Dimensions 9.57 x 6.49 x 0.97 in (24.31 x 16.48 x 2.46 cm)
  • Library of Congress Catalog Number 99029467
  • Dewey Decimal Code 338.542
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The Crash of the Millennium: Surviving the Coming Inflationary Depression
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The Crash of the Millennium: Surviving the Coming Inflationary Depression

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The Crash of the Millenium : Surviving the Coming Inflationary Depression

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The Crash of the Millennium: Surviving the Coming Inflationary Depression

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The Crash of the Millennium : Surviving the Coming Inflationary Depression

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New York: Harmony Books, 1999. Book. Fine. Hardcover. First Edition, First Printing. 8vo - over 7¾" - 9¾" tall. 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..
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