I was the one recommending TIPS:
Fausta Wertz of Faustasblog.com recommends investors hedge against inflation by purchasing Treasury Inflation Protection Securities as the government runs up its debt. Both IShares and Vanguard offer low-cost TIPS exchange-traded funds.
If you are young and not risk-adverse, I also suggest you
diversify into foreign markets in countries with positive GDP readings, keeping in mind that most stocks are still overvalued due to low earnings. Once earnings improve the P/E ratio will decrease and make stocks more attractive.
When I was asked during the call why did I recommend TIPS, I stated that it is due to my profound pessimism on the US economy. As you can see from the Forbes article, I’m not alone.