I'll throw a couple of pennies in here.
If a recession hit the States, does that mean the rest of the world would stop buying porn? If a lot of people lost their credit cards, there are still other ways of payment such as phone and check. Maybe they would gain more popularity or another type would come into play?
I also think in such a time, more people may find more time to play online as Linkster suggested. Who really knows though is what it comes down to.
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