"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack, even on the least of men, is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind."
Dietrich Bonhoeffer
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.
TIP to TIP Spreads
