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Old 12-01-2008, 06:47 PM  
pocketkangaroo
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Join Date: Jan 2005
Location: Chicago, IL
Posts: 8,452
Huge Credit Cuts to Consumer Credit Cards = Bad News for Porn Industry?

Meredith Whitney is one of the few analysts I respect in the financial field. She has basically been right about everything so far. She came out the other day and said that credit lines by banks will decrease by 45%.

http://www.reuters.com/article/marke... andChannel=0

Now that's a huge amount. You are essentially cutting half the available credit out of the consumer market. This would seem to be a bigger blow to porn (and any online sales industry) than unemployment, inflation, etc. If people don't have the credit to buy stuff, they can't put on those porn memberships.

How big of an impact do you think this will have?
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