What is waiting for us in 2012? Reply

It happens every January (or for the past couple Januarys, at least)—not long after the New Year’s champagne is finished off and the confetti is swept away, members of the steel industry start to wonder if this year will finally be it. In early 2010, the prevalent hope was that things wouldn’t get any worse. In early 2011, the main concern was avoiding a possible “double-dip” while maintaining a trend of slow but steady growth. And now, at the dawn of 2012, the question on everyone’s mind is “Will this be the year the market finally gets its groove back?”

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Time to say “I told you so”? Reply

Mr. Bull: Once again you must have been very satisfied with recent events that, on the very surface only, seemed to support your dire outlook. It appears that the global economic recovery in general is taking a breather and, specifically, most advanced economies are struggling once again. Growth in the US is faltering and the Eurozone seems to be in permanent bail-out mode. More…