A Fiscal Cliff "deal" that reduces GDP and squeezes the consumers; a Fed whose policies have forced massive capital misallocation away from growth investment and are leading to an unprecedented corporate "revenue cliff"; and now, in the aftermath of the government response to the Newtown massacre which threatened to curb the second amendment, we get this via Reuters:
- BACKGROUND CHECKS FOR US GUN SALES REACHED RECORD IN DECEMBER AT 2.8 MLN CHECKS - FBI
Because when everything is an unintended consequence, nobody has to take any responsibility for anything. And so the New Normal marches on.
More from Reuters:
The number of FBI background checks for U.S. gun purchases set a record in December, as the Connecticut school massacre prompted renewed talk of limits on firearms, according to new FBI data.
The FBI said it recorded 2.8 million background checks during the month, surpassing the record set in November of 2 million checks. The number was up 49 percent over December 2011, when the FBI performed a then-record 1.9 million checks