entering training now will allow me to come out into an industry that will be picking back up and airlines will be fighting for my services
If that time were now it would be one hell of a solid plan. Last time the job market took a dive it stayed down for several years, and the upswing was long predicted before it actually arrived.
I was half way through groundschool when BA and Virgin threw open their doors for recruitment. They were the ones who started the avalanche of jobs that followed. They took experienced pilots who resigning their old jobs created the positions that were where the 250 hour pilot got a look in. Add to that the "mopping up" of all the out of work guys with experience, I'd say it was a year or so after the BA / Virgin adverts went out before wannabe pilots were getting jobs in large numbers.
If its the same this time round, the ideal time to start training would be just as BA & Virgin start recruiting again. As to when that'll be...