3.20.2009

The Global Financial Crisis: What caused it? Where is it heading?

by Ravi Batra

© November 15, 2008

Professor, Department of Economics

Southern Methodist University, Dallas, Texas 75275, USA

Two thousand eight was year extraordinaire. It started off in a rather nonchalant way, but ended with a bang. Its myriad and breathtaking events caught the world off guard, but please allow me to say, arrogant as it sounds, that they did not surprise me, including the epoch-making victory of Barack Obama in the US presidential election. I had anticipated them all in two books more than two years ago. The first, Greenspan’s Fraud, was written in 2005, and the second, The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos, was finished before October 2006. In fact, the title of the second work itself reveals that I had anticipated an Obama-like revolution in the United States.

Read more @ ravibatra.com


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