Biflation. Where did that come from? Seeing some references to it around the blogs now.
My natural urge is to scoff. But I will resist and keep an open mind while I investigate further.
From Wikipedia http://en.wikipedia.org/wiki/Biflation :
Biflation (sometimes mixflation) is a state of the economy where the processes of inflation and deflation occur simultaneously. The term was first introduced by Dr. F. Osborne Brown, a Senior Financial Analyst for the Phoenix Investment Group. During Biflation, there’s a rise in the price of commodity/earnings-based assets (inflation) and a simultaneous fall in the price of debt-based assets (deflation).
What a bizarre definition. It manages to get wrong, err, sorry, redefine both inflation and deflation. Weird. Oh well … trying to keep an open mind while I investigate further.