  We present a bouncing cosmology which evolves from the contracting to the
expanding phase in a smooth way, without developing instabilities or
pathologies and remaining in the regime of validity of 4d effective field
theory. A nearly scale invariant spectrum of perturbations is generated during
the contracting phase by an isocurvature scalar with a negative exponential
potential and then converted to adiabatic. The model predicts a slightly blue
spectrum, n_S >~ 1, no observable gravitational waves and a high (but model
dependent) level of non-Gaussianities with local shape. The model represents an
explicit and predictive alternative to inflation, although, at present, it is
clearly less compelling.
