How Long Can You Wait?

Aloha Kakou:

With August's projected number of tourism arrivals to be about 14% below last year, and layoffs and cutbacks in most employment sectors, some local economists still believe that, all thing considered, Hawaii's economy may not be that bad. According to this article in today's Advertiser, ... (Leroy Laney, a professor of economics and finance at Hawai'i Pacific University) said people shouldn't despair since Hawai'i's economic cycles usually involve short downturns and longer expansionary periods.
"Good times will return again. It's not like we've permanently fallen off of a cliff," he said. The rebound may come in 2010 or 2011.
"All you can do is just hang on and know that eventually good times will return."

Sometimes, especially when things look bad, it is difficult to remember that the economy is cyclical and things will turn around. It's just a matter of how long you can (or want to!) wait.

http://www.honoluluadvertiser.com/apps/pbcs.dll/article?AID=/20080925/NEWS01/809250381/1001