The Five Year TIP Yields have crossed up and over the conventional Five Year Treasury Yields for the first time in their admittedly short life span.
That would tend to signal inflation dead ahead. And/or a negative real return on Five Year Treasuries.
It will be interesting to see how those move in the future as the currency crisis unfolds in phase two of the Credit Crisis.
"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994
