The Tea Party Economist
Helping you to get through the economic mine field in one piece.
Written by Gary North on March 27, 2012
Today, the gun manufacturing industry is in boom mode. One firm, Sturm Ruger, has announced a new policy: it will accept no more orders until it catches up with production. It has one million unfilled orders. It hopes to resume order-taking by the end of May.
Think about that. It is selling over two million guns a year.
Smith & Wesson is forecasting sales of around $400 million in 2012. The estimate keeps rising.
This industry is recession-proof.
The demand is unlikely to decline. The public is catching on. Supplies are tight. Demand is rising.
Demand began in 2008, when Obama was elected.
Adding to the jump in demand were several Supreme Court decisions affirming that the right to bear arms is indeed an individual, one as well as the reappearance a year ago of firearms in hundreds of Wal-Mart Stores Inc. outlets.
Buyers would be wise to attend a gun show this spring. Take along currency.
