The Ten Trillion Dollar Gamble by Russ Koesterich
The Coming Deficit Debacle and How to Invest Now

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The next economic storm and how to prepare for it--from a top decision-maker at BlackRock

An economic calamity is already looming on the horizon, and it's going hit the U.S. on a scale equal to the recent mortgage meltdown and liquidity crisis of 2008-2009. In February, President Obama announced that the 2010 budget deficit would surpass $1.5 trillion, an amount greater than the total debt of our nation in its first 200 years of its existence. And things only get worse from here: between 2010 and 2019, America will add one trillion of additional debt every year.

In The Ten Trillion Dollar Gamble, Russ Koesterich, who manages over $100 billion for the world's largest money management company, offers compelling evidence supporting his prediction that the global economy is on the verge of more, even greater upheaval and provides his unique insight into:

The structural weaknesses underlying the economic meltdown Why commodities will be so important in the next economic climate Likely ramifications to the real estate market The best stocks to buy and which ones to avoid

Today's investing strategies will be rendered useless in the next storm's wake. Written by one of the most qualified people in the business, The Ten Trillion Dollar Gamble offers a plan for protecting your wealth and preserving the power of your savings.

Table of Contents

Chapter 1. Why Worry About the Deficit?
Chapter 2. Why the Deficit Will matter to You
Chapter 3. What to Watch
Chapter 4. How to Manage Your Cash and Debts
Chapter 5. Investing in Bonds in a Rising Rate Environment
Chapter 6. Stocks to Buy and Avoid
Chapter 7. Why You May Need Commodities
Chapter 8. What to do with Real Estate
Chapter 9. Putting it All Together
Chapter 10. Conclusion: Can We avoid the budget debacle?


About Russ Koesterich

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Russ Koesterich is Global Head of Investment Strategy for BlackRock Scientific Active Equities. He previously served as Senior Portfolio Manager in the US Market Neutral Group for Barclays Global Investors. Koesterich is the author of The ETF Strategist.
Published April 4, 2011 by McGraw-Hill. 256 pages
Genres: Business & Economics. Non-fiction

Unrated Critic Reviews for The Ten Trillion Dollar Gamble

Seeking Alpha

Falling housing prices is another: "Slower economic growth will reduce the demand for both residential and commercial real estate, and higher interest rates will harm affordability.

Apr 08 2011 | Read Full Review of The Ten Trillion Dollar Gambl...

Seeking Alpha

The latter will hold 5-10% cash, 20-25% bonds (especially high yield bonds), 60% stocks, and about 10% commodities (energy and industrial metals, not gold).The Ten Trillion Dollar Gamble is a well-crafted book.

Mar 31 2011 | Read Full Review of The Ten Trillion Dollar Gambl...

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