Tuesday, September 2, 2008

Say goodby to TiPS

Voltron says: The Treasury Secretary wants to get rid of TiPS (Inflation Linked Treasurys)  They have not been a very good inflation hedge because the government fudges the inflation index (CPI).  Without TiPS the government will be free to inflate away debt by debasing the dollar.

 

http://www.bloomberg.com/apps/news?pid=20601109&sid=atKnQFruecww

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