Good luck in 2009 . . . if Fitch Ratings is right, you’ll need it

Dec 27, 2008 | 07:00 PM |

Surely you've read this issue's top story already . . . More than 1.8 million tons of new spiral-weld line pipe capacity!

Perspectives wonders just how long the "keep on the sunny side" optimism of those pipe mill execs can last in the midst of an economic calamity the likes of which hasn't been seen in at least a generation. OK, Perspectives likes drama. Perspectives also likes June Carter Cash and her kin but speculates that it may have been exactly such glass-half-full thinking that got us into this mess in the first place.....

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