Webby |
2008-11-13 10:21 PM |
Quote:
Originally Posted by AmateurTrop
(Post 428535)
Judging by my drop in sales, I think Bush has finally succeeded in killing the online porn industry - problem is, he did it by killing the American economy. How long do you think it will be before things bounce back. Even niche sites that usually weather the economic slow periods are beginning to see a drop in sales.
Trop****l
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Think you can sum up the problem in one word - unsustainable. The concept of purchasing/spending more than is actually being created in real wealth can't last. Throwing funding out on credit card levels to enable people to spend more and prop up the failing underlying problem is not a cure which would last over the longer term.
There has also been a global economic shift in wealth creation for over a decade and sub continent countries and others are the main wealth creators. Any western industrialized country needs to be on a stable financial footing to progress thru that shift in wealth creation - and a few western countries are not financially healthy. The US may be the worst example with around $11-$12 trillion in "current debt" and a backlog of commitments (pensions etc) up to around $52-55 trillion, tho other countries are not exactly flush with funds either.
When card companies are slashing the amount of credit they are prepared to give cardholders, this probably does have an negative effect on online sales. When your credit card limit has been slashed from $12K to the current used credit level of eg $1500 - people need to pay that $1500 before they can spend a dime on anything. And, seriously doubt the average person is considering spending it in the adult industry - eating and paying a mortgage is probably more of a priority - especially if they have the threat of unemployment hanging over their heads ;-)
Seriously doubt we have seen anything yet and suspect the next six months will be a total disaster in economic terms - the six month period after that, who knows, but no way will there be light at the end of the tunnel for several years ahead - maybe 5, maybe 10, maybe 15 years ahead. It depends on the ultimate damage level which is still continuing on a daily basis at the moment.
In answer to your question, currencies will float up and down, oil will do the same, but that don't mean much in the current volatile scenario where there are too many factors influencing this. Unemployment will continue to rise in almost all western counties and can't see a "bounce" for an unknown period ahead. How's that for being non-specific? :-)
BTW - the adult industry is not "recession proof" - it has been affected by "mini recessions" in the past, tho that was before the online industry existed.
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