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Good points BVF. Unfortunately, the facts don't support your conclusion.
1) Unlike alcohol, hard drugs, and prostitution -- porn is readily available FREE [TGPs, free FTPs via IRC, IRC fileswap bots, Newsgroups, email distrib lists, email attachments, Kazaa, etc]
Where can you get free alcohol that won't kill you? Drugs? Unless you live in Jamaica, mon, forget it. As for prostitution--it ceases to stop being prostitution once she gives it up for free.
2) A lot of people would make an analogy to the Great Depression. The economy tanked, people hit the theatres--giving rise to the idea that entertainment is recession proof. Notice that they did not have the ability to do mass file swaps back then. They had a need to escape and due to technological limitations they were forced to use paid means to satisfy that need.
Compare that to the 21st century where there are TONS of non-paid means to satisfy one's "need" to escape [see the list above re free porn]
My guess is that the porn biz is not going to die. It will just get 100 times more competitive since there's less paying people to go around and there will be a big "flight to quality"--ie., better content, exclusives, etc etc.
If the economy continues to tank, the porn industry will still be around, don't get me wrong, but it may look way different from what it looks like now.
As for dollar cost averaging.... my bet is that investing your cash in HEDGE funds will probably yield a higher rate over a 3-5 year range.
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"If you hate a person, you hate something in him that is part of yourself. What isn't part of ourselves doesn't disturb us." -- Herman Hesse
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