a mixed metaphor description...
Janet Yellin told us the truth. We are now in stagflation. Food, energy, services and others see rapidly rising prices. The remaining stuff, euphemistically called Core Inflation, is sinking. Next, the general economy drops hard while the necessities of life hyperventilate into hyperinflation including Mr. Dollar.
In other words, the pink slip arrives and drowning your sorrows in Beer costs more, not to mention filling up the pick up on the way to the bar.
from Trader rog on www.kitco.com