Pauly B

The Week Ahead: More Bad News?

The the two big ones next week are employment and the ECB. If for some unknown reason the ECB raises rates to fight inflation it will likely cause gas to spike well into the mid 5.50 range in a few short weeks. If the ECB does raise rates it could have major implications throughout the world as our dollar continues to loose value. It is not in ECB's interest see our dollar fall against the Euro.