The Great Depression of 1990: A Shockingly Accurate Forecast of the Coming Economic Collapse

In his groundbreaking book, "The Great Depression of 1990," Ravi Batra predicted the coming economic collapse with uncanny accuracy. Written in 1987, Batra's book warned of a severe economic downturn that would begin in the late 1980s and last for several years. He based his prediction on a number of factors, including the unsustainable growth of the U.S. economy, the increasing levels of debt, and the growing trade deficit.

Batra's Predictions Come True

Batra's predictions proved to be eerily accurate. The U.S. economy did indeed enter a severe recession in the late 1980s, and the downturn lasted for several years. The recession was characterized by high unemployment, falling output, and a sharp decline in the stock market.

The Causes of the Great Depression of 1990

Batra identified a number of factors that contributed to the Great Depression of 1990. These factors included:

• The unsustainable growth of the U.S. economy. The U.S. economy had been growing at an unsustainable rate for several years. This growth was fueled by a number of factors, including the Reagan administration's tax cuts, the deregulation of the financial industry, and the increasing use of credit.
• The increasing levels of debt. The U.S. government, businesses, and consumers had all taken on increasing levels of debt. This debt was used to finance the unsustainable growth of the economy.
• The growing trade deficit. The U.S. trade deficit had been growing for several years. This deficit was caused by the fact that the U.S. was importing more goods and services than it was exporting.

The Consequences of the Great Depression of 1990

The Great Depression of 1990 had a number of negative consequences for the U.S. economy. These consequences included:

• High unemployment. The unemployment rate reached a peak of 10.8% in 1982. This was the highest unemployment rate since the Great Depression of the 1930s.
• Falling output. The U.S. economy shrank by 2.5% in 1982. This was the largest decline in output since the Great Depression of the 1930s.
• A sharp decline in the stock market. The stock market fell by more than 20% in 1987. This was the largest decline in the stock market since the Great Depression of the 1930s.

Batra's Legacy

Ravi Batra's book, "The Great Depression of 1990," is a classic work of economic forecasting. Batra's predictions were remarkably accurate, and his book has been praised by economists and investors alike. Batra's legacy is one of intellectual rigor and a deep understanding of the global economy.

Why You Should Read "The Great Depression of 1990"

"The Great Depression of 1990" is a must-read for anyone who wants to understand the causes and consequences of the Great Recession. Batra's book provides a valuable perspective on the global economy and the challenges that it faces. If you are interested in learning more about the economy, then I highly recommend reading "The Great Depression of 1990."

Order Your Copy Today!

"The Great Depression of 1990" is available in hardcover, paperback, and audiobook. Order your copy today and learn more about the coming economic collapse.