just.a.guy

Switzerland's largest private bank is making its inflation bets - Pictet & Cie., with $378B in total assets and $60B in fixed-income, is buying U.S. TIPS on dips: "It doesn’t matter if they stop the plan. The current policy will lead to inflation."

Said a spokeman for Pictet, "Because we believe policies of the US government will lead to inflation, we are buying securities which offer protection from the inevitable inflation, as defined by..."

"...ummmm..."

"...the US government."