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 Any 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 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.


10 thoughts on “The Post-Catastrophe Economy: Rebuilding After the Great Collapse of 2008

  1. Patrick Patrick says:

    We really got ourselves into a mess We need to get out of it if we want to be the world s global super power Although the book is a great read in American macroeconomics, it is somewhat technically difficult to read for a novice like me.As a result of increase in global competition and the 70 s stagflation and increase in oil prices, Although this is a great, some of the concepts are way above a lay reader like me.America created the FIRE economy as the answer in which the issuance of credit fueled by foreign creditors became our economic engine over production and savings As a result of Reaganomics, government is now beholden to the forces of the FIRE economy influencing the government to keep the status quo by its lobbyists and campaign funds from its trade organizations.How did we get here Dollar was taken off the gold standard and became the international currency of choice so the international demand for the dollar created an inflation of its value divorced from GDP Because the international markets want the dollar so much, there remains to this day infusion of cheap cash that allows interest rates to be depressed thus allowing easy credit to the American public The American public bought into this economy by advertisers who appeal to the american emotion in ord...


  2. Marcus Goncalves Marcus Goncalves says:

    The author provides a great market analysis on the US and his take on the future seems very plausible, but although I m not an economist, whether or not the postcatastrophe economy actually comes into being, I believe it is going to depend ...


  3. Brian Brian says:

    Great book, I recommend reading it with Bailout Nation by Barry Ritholz, as they almost work together Barry s book goes technical about what happened, while this one touches on it, but hits on some very intriguing ideas like what has happened to the media, healthcare, universities and politics itself as as slowly taken over Keep in mind this guy was a venture ca...


  4. Kim Kim says:

    Great explanations of the 2008 economic crisis as predicted prior and what will ultimately be expected to happen in different scenarios No notable political bias here, which is great.I do think he spends too much time discussing what he thinks things will look like and details of energy that should be used, and what private public partnerships should be formed He makes his forecast almos...


  5. Tim Tim says:

    Fascinating insights regarding the state of of the economy, what lead to its collapse, and the best ideas I ve heard for fixing it I most liked the lack of partisan rhetoric it s written by an economist venture capitalist, no...


  6. Jacob Jacob says:

    Describes the separation between the financial economy and the producer economy or rather how the financial economy came to dominate the total economy Outlines in great detail how the financial economy ultimate...


  7. Bernard Sia Bernard Sia says:

    He hit it dead on a the cure will become the disease there s only so much money you can print before inflation hitsb you need to create REAL value through technology, energy.c you can t let a financial system ruin a value base economy through greed.