Ravi Batra: Difference between revisions

Batra predicted a full scale depression in the USA in 1990; it did not happen.<ref>{{cite web|url=http://www.newyorkfed.org/research/current_issues/ci9-4.pdf|title=Now and Then: The Evolution of Loan Quality for U.S. Banks, Volume 9, Number 4|author=Kevin J. Stiroh and Christopher Metli|publisher=Federal Reserve Bank of New York|date=April 2003|accessdate=January 10, 2012}}</ref> Batra's reputation rose in Europe on account of his correct prediction for the downfall of communism when he was awarded the Medal of the [[:wikipedia:Italian Senate|Italian Senate]] in 1990. Batra continued to publish bestselling works in Japan with economic malaise lasting until the early 2000s. In the USA, however, his sales began to drop and his booming side-line career as a media commentator on matters economic and financial began to sour. In 1993, Batra received the [[:wikipedia:Ig Nobel Prize|Ig Nobel Prize]] in economics. Batra's views on capitalism have not been popular among mainstream economists, but these views may be changing in the wake of the [[Late-2000s financial crisis|financial crisis]] in the USA and other developed economies.<ref>{{cite web|url=http://archive.fwweekly.com/content.asp?article=7369|title=Prophet of Boom (and Bust) - Now will they listen to Ravi Batra?|author=Kendall Anderson|publisher=Ft Worth Weekly|date=December 17, 2008|accessdate=January 10, 2012}}</ref>