The Ten Trillion Dollar Gamble is your ultimate survival guide to the next financial storm. It will show you exactly what to expect in the new deficit economy and how to handle your finances smartly, safely, and securely. More than a collection of fascinating financial predictions, this book offers solid advice on a wide range of investment options. You'll learn the best ways to invest in real estate, how to handle your growing debt, and how to manage higher interest rates for everything from mortgages to savings accounts. The Ten Trillion Dollar Gamble offers a winning game plan to help you protect and build your wealth for the long term.
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 professionals 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
"The Ten Trillion Dollar Gamble is a well-crafted book. At every turn, the author explains the rationale for including or excluding particular assets in a portfolio, especially as they react to higher interest rates, slower growth, and possible inflation. The investor who is worried about protecting his wealth in the coming decade(s) would do well to consider Koesterich’s advice."
"A helpful, methodical 'financial playbook' for realistic investors. Highly recommended for those planning to invest over the next five years or more. It is not easy to find books that combine debt macroeconomics with sound financial advice, but Koesterich manages it well."
― Library Journal