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#1 | |
Rock stars ... is there anything they don't know?
Join Date: Nov 2008
Posts: 11
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Quote:
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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#2 |
It's the end of the world as we know it, and I feel fine
Join Date: Jul 2006
Location: Canada
Posts: 2,527
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Useless had the answer Saturday on OTB.
"Why procrastinate? Quit now!" The sky is always falling in this business, Walmart's profits are up 10% as people who's jobs are in danger keep buying cheap shit that puts their neighbour's jobs in danger, which, in turn, puts their jobs in even more certain danger. The sky is falling. It always has been ![]()
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If the Environment was a bank, they would have saved it by now. |
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#3 |
Certified Nice Person
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I am a porn philosopher.
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Click here to purchase a bridge I'm selling. |
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#4 |
The Original Greenguy (Est'd 1996) & AVN HOF Member - I Crop Pics For Thumbs In My Sleep
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