Well said IFR, the voice of temperance and experience. Sure, we all feel the chill winds of recession and the appalling New York terrorist attack keenly. But if you are starting your training now, maybe you might be coming on market just as the market starts it's up-turn. It would be no good shelving things and then risk missing the tide, empty handed bereft of the requisite licences while the jobs are being handed out.
It's cyclical nature is the only constant of this aviation industry. Yes, definitely have a plan 'B' and be prepared for a possibly long wait, but be ready, for the tide will surely turn. People will not stop flying for long, simple as that.