Even while Target’s first big box store goes up in Kapolei, the number of visitors to Hawaii’s hotels goes down. In the face of economic uncertainty, Target is hiring workers, and Hawaiian Telcom is laying off workers.
If some of us thought Hawaii’s economic boom would continue forever, then be forwarned– forever is about to end.
Politicians, local or national, will use the faltering economy to gain political advantage. Fear not. It’s what they do.
As the winds of economic change swirl around the island’s fragile economy and our overheated real estate market, it’s important to remember the basics. What goes up, must come down.
The differences between a growing and prosperous economy and a recession or depression are easier to determine today. If everybody has a job, it’s a prosperous economy. If you’re out of a job, it’s a recession. If I’m out of a job, it’s a depression.
1 comment so far ↓
And this depression limits expression. Of course politicians provoke digression. That’s their profession!
And yet I thank you for choosing your words with such discretion.
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