Great Depression of 1990

by Ravi Batra

By focusing on business and socioeconomic cycles, a trade theorist explains why the United States is headed toward the greatest depression in history and offers specific investment strategies to avoid disaster

Genres: Economics, Nonfiction, History, Business

Paperback

First published August 1, 1985

About the author

Indian-American economist, author, and professor at Southern Methodist University.

Batra is the author of six bestselling books of which "The Great Depression of 1990" reached #1 on the New York Bestsellers list in 1987.

In his works, Batra proposes an equitable distribution system known as Progressive Utilization Theory (PROUT) as a means to not only ensure material welfare but also to secure the ability of all to develop a full personality.

Reviews

[Theo Logos · Rating 2 out of 5]

Compellingly written nonsense based around the theory of repeating, thirty year cycles of economic depression. Made a brief impression on me in my ignorance back around 1988, and helped build a healthy cynicism when The confidently predicted event failed to materialize.

[Allison Li · Rating 2 out of 5]

Ugh.
The pessimistic forecasters always talk about time expectations of a coming great decline, one after another.
They say it is irreversible, and at the same time, they propose solutions. (If that is inevitable, there are NO SOLUTIONS at all.)
If a market crash occurs, they will claim that their theory is correct.
If the tragedy did not happen, they declared that everyone had followed their advice, thus a great depression was avoided.

[Grant Huling · Rating 4 out of 5]

An unintended master class in what Charlie Munger called inversion -- "What would it look like if my most confident predictions about the future of the economy were wrong?" Read through every painfully detailed prediction by Batra and use that pain to internalize this message, crucial for businesspeople, planners, and thinkers of all kinds: You might be wrong. Diametrically wrong. Humiliatingly wrong. Hedge your statements; hedge your conduct.

[Daniel Astacio · Rating 4 out of 5]

It is easy to look at the title of this book and criticize the contents and I was reluctant to read it because of the title as well however Dr. Batra has done an impressive job showing historical data of past trends throughout history as well as what the future decades will look like unless reforms are made to the current financial system