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High Inflation Numbers

Both US and UK coins hit high inflation numbers scaring economists about the possibility of inflation getting out of control.

UK inflation went up 2.5% in June (0.5% over what was projected by the Bank of England). Meanwhile, the US is at a 30-year-high.

Some point out that this is temporary due to the reopening of the economies but many also fear it's more than that.

What are your thoughts? Are we heading to an overheated economy?

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