Quote:
Originally Posted by EmporerEJ
Relax Chicken little. The sky isn't falling. The good 'ole American dollar has a way of rebounding.
It was the rampant housing industry sloshing money around 2 years ago that started it. Then the government, in their infinite wisdom, thought it might be a good idea to raise interest rates. Thereby putting hundreds of thousands of Adjustable rate borrowers into negative cash flow hell.
Result: Foreclosures are at an all time High.
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I am sure it is nothing to do with bleeding billions and billions and billions into Iraq with no end in sight. If those who bought houses they can't afford are now in trouble, no amount of financial hocus pocus will help them. Now, what impact does this have on porn, and why are we discussing it here? Well, we are not immune to the ebb and flow of the market. But I will damn sure guess that pornographers, like every other sector, are feeling the fallout. Soon, all that stuff from China is going to get more expensive and disposable income will tighten. The good news at the moment, is that European business is picking up because we are becoming relatively cheap.