The Post Catastrophe Economy

How bad will the current recession get? According to Eric Janszen by late 2009 the USA could face unemployment over 10 percent; half of all retail stores boarded up; skeletons of unfinished buildings in cities; and tax revenues down by 30 percent, leading to big cuts in government services. Meanwhile inflation will keep rising as the Fed is forced to devalue the dollar because foreign countries won't lend to the USA anymore. Sounds grim, but the good news is that this crisis will open the door to a saner economic future if we recognize the opportunity to correct decades of bad policy. America can wean itself from the debt-financed growth of the past thirty years and restructure to grow based on old-fashioned savings and investment. Janszen shows that the key is not more big government, but deploying our unique capacity for innovation through private-public partnerships. He calls for a modern New Deal that develops twenty-first century industries such as biotechnology, alternative energy and nanotechnology. And he shows how our financial markets can make it happen.

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"Despite the disparity between where the US economy is heading and where the author would prefer to see it go - and political breakdown notwithstanding - Janszen's book is a valuable addition to the public-policy front. It provides a serviceable framework for a more prudently managed capitalism, retaining the virtuous elements while reining in the teleological perversions Marx warned of over a century and a half ago. The author's perspective as an entrepreneur who made his bones in the "real" economy provides a refreshing reprieve from the false Wall Street-Washington diptych of the media narrative. It is a book well deserving of ample consideration in the nation's capital." <br> -Stuart Whatley, "Huffington Post" <br> Early Praise: "Janszen's done it again! Recent books on investing rehash the drama of Wall Street's mega-meltdown, shadowy derivatives, subprime mortgages scam, and too- big-to-fail banks. But that's old news. The Great Recession is over. Investors need to know what'

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Eric Janszen is a financial analyst with more than two decades' experience in the technology industry as an executive and venture capitalist. In 1998 he founded iTulip.com, a financial analysis company that has had an amazingly accurate record of predictions. He wrote an acclaimed cover story for Harper's about economic bubbles and is now a regular contributor to the magazine's Web site.

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