Nothing succeeds like predicting failure.
Batra has just completed The Crash of the Millennium , which will be published by Harmony Books in August. In it, he argues that the American economy is going back to the 1970s. With wages failing to keep up with productivity, Batra predicts debt-burdened Americans will be unable to keep consuming at current levels. We stopped the depression by borrowing money from abroad. But we are now in worse shape.