Inflation, deflation, both or neither?

Inflation is the phenomenon of too much money with too little backing. The Fed has pumped trillions of dollars into the economy that have been made out of thin air. This has inflated the money supply. The way of measuring inflation by price increases is bogus. Prices lag the increase in money supply. Over the next couple of years, prices will skyrocket, bond yields will increase, and stock and bond prices will plummet as the wrecked economy finally crashes.