How bad will the current recession get? According to Eric Janszen, we could be facing an unemployment rate of over 10 percent; half of all retail stores boarded up; skeletons of unfinished buildings in our 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 us 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 adapt to make it happen.
This is an essential book for everyone who is struggling to understand our current predicament.
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“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’s next, and how to invest successfully for the future.”
— Paul B. Farrell, columnist and author of The Lazy Person’s Guide to Investing
“Eric Janszen has written a powerful and important book about how we can build an American economy in which ‘finance once again serves the productive economy instead of rules it.’ He describes the job-creating industries of the next ten years and what we have to do to make them thrive.”
— Bill Bradley, former US senatorNarrator John Pruden delivers Janszen's strong indictment of the debt-ridden 'FIRE' economy (finance, insurance, real estate) in an authoritative manner. Highly recommended.
— Library Journal Starred Audio Review“An outstanding read. Eric Janszen’s prescription for a more fundamentally sound energy policy is especially perceptive. Janszen’s book addresses not only what needs to be done, but the proper roles of government and private interests in securing the real transformative change our economy needs.”
— Joe Petrowski, CEO, Gulf Oil“Janszen provides an unmatched and essential perspective on the financial system’s complexities and offers long-term solutions for today’s challenges. It’s our job to prudently align large pools of capital with secular trends; we have come across no better roadmap than The Postcatastrophe Economy.”
— Paul and Wesley Karger, managing partners, TwinFocus Capital Partners“There are many who offer a view of what is going to happen to the economy in the future, but few that do so with a strong foundation in financial history and even fewer that have a track record of being correct. Janszen’s book is a must-read for any serious investor.”
— Weston M. Hicks, president and CEO, Alleghany CorporationBe the first to write a review about this audiobook!
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 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 website.
John Pruden is an Earphones Award–winning audiobook narrator. His exposure to many people, places, and experiences throughout his life provides a deep creative well from which he draws his narrative and vocal characterizations. His narration of The Killing of Crazy Horse by Thomas Powers was chosen by the Washington Post as a Best Audiobook of 2010.