Hi Jim:

In my opinion this article is an example of "investment pornogrophy." at its worst.  Let's analyze this summary statement:

 ``I figured somewhere along the way people would revolt over these bizarre calculations and maybe someday TIPS would offer some value,'' Fleckenstein said. ``So far they don't.''

According to Vanguard,  Inflation-Protected Securities Fund (TIPS) has the highest year-to-date, 1-year, and 5-year return of ALL Vanguard bond funds.

https://personal.vanguard.com/us/funds/vanguard/bytype

Best wishes.
Taylor