Chamois's remarks about non-dollar denominated TIP's are very astute and worthy of consideration. 

I should only repeat what I posted earlier, that the portfolio of the SPDR DB International GovernmentInflation Protected Bond fund, ticker WIP, is mostly composed of developed country inflation-protected bonds, not emerging-market country bonds.

According to the latest data, as of May 16, 2008, the top country weights are: France 19.33%, U.K. 18.65%, Sweden 5.97%, Canada 4.82% and Italy 4.79.%

Bonds from Brazil, Mexico and Greece each compose less than 5% of the portfolio.

If inflation is a world-wide problem--and I know that inflation in France, estimated at an annual rate of 3.2%, is running at the highest rate in 17 years--then we may want to consider adding WIP to our portfolios. 

Jagor