2011 MARKET FORECAST: GAINING MOMENTUM

摘要

At this time last year, readers of Scrap were treated to what turned out to be an extremely prescient 2010 market forecast from Bob Garino, then ISRI's director of commodities, titled "The Slow Road to Recovery." That the U.S. economy had, in fact, entered into a recovery at that point was by no means guaranteed. By the end of 2009 the economy had just one quarter of economic growth under its belt after a "prolonged recession that rattled its economic underpinnings and far surpassed the deep downturns of 1973 and 1981," in Garino's words. Today there's no question that the economic recovery has indeed taken root. We've now seen five consecutive quarters of economic expansion, and concerns about a double-dip recession are largely waning.