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TH, that's why I think commodities are a much better hedge against inflation than TIPS or i bonds. In short, the measurement of inflation in the bonds is determined by the gummint, not the market. Don't tell me there is not an incentive to fudge the numbers.
I think that you really have to pick your time to invest in junk. The junk market looks generously priced to me right now. Wait until the next spill, like in April/early May when GMAC bonds went to CCC yield levels.
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"And Jesus spake, 'Become thou now fishers of adjustable rate mortgages'" - New Conservative Bible
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