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Commentary: Time is running out and inflation is rising

Only the first statement is certain. The first half of 2021 has gone by so quickly that we haven’t had a chance to pay proper attention to all the exciting economic and financial developments. Economic indicators have shown unprecedented recovery in both the U.S. and Europe in the first six months of 2021, resulting in exponential growth expectations for corporate earnings on both sides of the Atlantic. The European industrial outlook, in particular, is taking off.