Quote:
Originally Posted by LowryBigwood
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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Today's World Markets 3/14/2007:
Hang Seng -496 points or 2.5%
Nikkei -500 points or 3%
DAX -176 points or 2.6%
FTSE -160 points or 2.6%
While this doesn't look like much more than a "correction" to an overly inflated market coupled with the sub-prime market in the US taking a dive,we are the #1 consumer of products from China, Japan, Germany and the rest of the European market, I'd say if the US has a recession, there will be some ripple effect worldwide. The fact that the Dow came back today doesn't mean squat
However to the original question, I pretty much think Linkster is right.. it's much more "economical" to buy a 25-30.00 monthly membershiip than to spend 100-150.00 for 1 night out on the town. We may see some downturn initially but after a few weeks of unemployment and realizing that no one is hiring at their current rate of pay, then they will live in their bathrobes and look for porn..
