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Our post-recession trajectory
Pollyanna lives. At this time, the consensus of economists is that we have emerged, and will continue to steadily emerge, from the Great Recession. A small countercurrent opinion holds that our country's return to positive growth (and a hoped-for resurgence in optical, elective care, cosmetic and related eye care categories will rise in lockstep) is a false dawn, brought on by unsustainable federal stimulus. If these contrarians are correct, we will experience a broad U-shaped recovery (with a much longer trough than we've had thus far) or even a multi-dip W-shaped recovery.
Such ups and downs will be dispiriting for providers and problematic for any owners and managers who rush their development efforts ahead of a more lasting economic resurgence. It's still, in my view, time to restrain yourself, stick with safe extensions of your current core business lines, and not launch into marginal and unproven investments.
Get more expert perspective from John Pinto live at Hawaiian Eye 2010, to be held January 17-22, 2010 at the Grand Hyatt Kauai. Learn more at OSNHawaiianEye.com