The U.S. budget deficit represents a major risk to the health of the American economy. In fiscal year 2010, the deficit was around $1.3 trillion. Experts believe that by 2020 the national debt will more than double from these levels. In all likelihood, tax rates, inflation, and interest rates will increase. In light of these developments, investors must reexamine their strategies and develop new plans for taking advantage of the new economic environment. In The Ten Trillion Dollar Gamble, Russ Koesterich offers advice on how individuals can adjust their investment portfolios to protect their financial well-being.
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