The Great Depression of 1990: Why it's got to happen---How to protect yourself

by Ravi Batra

From Jacket Startling in its revelations, bold in its predictions, and overwhelmingly convincing in the evidence it offers, "The Great Depression of 1990" demonstrates that we are headed toward an economic disaster of unprecedented proportions that will occur in 1990 and continue to plague the world at least until 1996. This is not the alarmist cry of some wild-eyed sensationalist, but rather the reasoned conclusion of a respected economist trained in scientific analysis. Dr. Ravi Batra, professor of economics at Southern Methodist University and one of the top trade theorists in the world, persuasively argues that we are moving toward the greatest worldwide depression in history, in which millions of people will suffer catastrophic financial reversals. He explains precisely why it's going to happen and offers a concrete financial strategy to protect our own investments. With a foreword by world-renowned economist Lester Thurow, "The Great Depression of 1990" is crucial reading for everyone who hopes to survive and prosper in the coming economic upheaval.

Genres: Economics, Nonfiction, History, Business

235 pages, Hardcover

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