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

Author: Russ Koesterich
ISBN: 9780071753579 / 0071753575
©2011 | 1st Edition | 256 pages | Hardback
Pub Date: MAR-11
Price: US$ 28.00
Introduction | Learn More

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.

Praise for The Ten Trillion Dollar Gamble

“Many commentators rant about budget deficits and the country’s moral failings. Russ Koesterich calmly and objectively describes our downward economic spiral over the next 20 years and recommends the investments best suited for that journey.”
—Ron Kahn, Global Head of Research, BlackRock Scientific Active Equities, and coauthor of Active Portfolio Management

“A must-read for anyone who has ever touched currency or heard of money.”
—Vadim Zlotnikov, Chief Market Strategist, AllianceBernstein

“A useful book that underlines an essential reality: Americans will not be returning to the old normal. We must adapt to a changing world that presents us with new risks and opportunities. The Ten Trillion Dollar Gamble broadens and deepens a conversation we have to have.”
—Ian Bremmer, President, Eurasia Group, and author of The J Curve and The End of the Free Market

“This book gives investors practical and easy-to-follow solutions on how to protect their investments and financial future.”
—Arthur B. Laffer, founder and CEO, Laffer Associates, and author of The End of Prosperity

“A superb book. Russ Koesterich’s recommendations spanning financial and real assets are insightful, relevant, and pragmatic. Russ is among the select few veterans of the investment management profession who are able to project academic insights faithfully, offer compelling investment advice—and write a page-turner.”
—S. P. Kothari, Deputy Dean, MIT Sloan School of Management

Publicity

1. Book Review on Seeking Alpha by Brenda Jubin, March 31. To read the review, please click HERE
2. Article “How the National Debt Affects You” by Meg Handley on U.S.News.com, March 31. To read the article, please click HERE
3. Russ Koesterich appearances on CNBC’s Closing Bell, July 22, 2010. To view the video, please click HERE

About the Author

Russ Koesterich (HOMETOWN TK) 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.

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1. 9780071592819 When Markets Collide

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