Brian Foley, president of Brian Foley Associates in Sparta, New Jersey, believes the current down cycle might be so severe, it could be over sooner than previous plunges. Part of his reasoning centers on how long it took before most recognized that the current hard times were upon us. In a true glass-half-full view, Foley writes, “The uptick, albeit weak, will be sooner than [the usual period of] six years but at the expense of a rapid, pronounced, painful downturn.” Elements contributing to Foley’s expected “uptick” include lower fuel costs, shorter delivery backlogs, stabilizing financial markets, lower aircraft prices and the possibility of government-generated stimulus packages, including investment tax credits and accelerated depreciation.
Bizav Consultant Sees Recovery Sooner Than Expected
