Planetdrum6

TIPS: Great or Terrible?

I noticed that yesterday too, and laughed -- seemingly conflicting information from our friends over at News Corp.

To be fair the first article actually advocates going short treasuries and long TIPS, but the fact that both appeared on the same day is just one more data point to support the decline of overall editorial quality at WSJ. It would be easy to pin it on Murdoch, but in reality the editorial slide started long ago -- I've noticed many more copyediting errors over the last few years, even right on Page 1. And I don't know when, but at some point they amended their style sheet so that now at the first mention of either bond prices or yields in a given story, they are obligated to point out that when bond prices go up, yields go down and vice versa, which I find a little insulting of my intelligence.

I haven't dumped my WSJ subscription yet, but it won't take a lot more to push me over the edge.