Even if the politicians in Washington do manage to raise the debt ceiling, all the red ink and all the money printed by the Federal Reserve to prop up the economy over the past three years make it likely, according to some experts, that inflation could be on the rise and that reality has many investors understandably unnerved.

As Christine Benz, Morningstar's director of personal finance told On Wall Street, “Inflation is very hard to predict. In fact it’s probably not a great use of time to try and figure out when and how much inflation there is going to be. But historically, it happens, so investors should do something give their portfolios a fighting chance.”

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