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Part Time Workers Celebrate The Recovery With Soaring Gun Purchases
Following continued strength in earnings (and analyst upgrades), Smith & Wesson is up 23% this morning (near three year highs). It seems all those freshly printed temporary workers are spending their hard-earned minimum wage on 'defense' instead of iPads.
*SMITH & WESSON BOOSTS REV. FORECAST :SWHC US
*SMITH & WESSON 3Q EPS CONT OPS 8C, EST. 4C :SWHC
Earnings growth has been tremendous since the lows, as analysts upgrade expectations rapidly...
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no no no. Modern economists assure me that we can have guns AND butter! Long the compliments! Long lead and long waffles!
They should be buying guns because they didn't actually get jobs and will need protection when this thing goes bust.
Without the BS seasonal adjustments those not in the labor force actually increased in February and there was a huge jump in the number of multiple job holders. When someone holds two or more jobs that doesn't actually bring the unemployment rate down, even though it does based on government statistics.
Non seasonally adjusted U6 is 15.6%
Goods producing sector actually dropped by 300k even though the seasonally adjusted data says jobs increased in the sector.
If you look at the unadjusted numbers there are actually less total jobs at the end of February 2012 than December 2011. Seasonal adjustments say there are more jobs right now. The Birth/Death is included in the unadjusted numbers as well from what I read.
Actual Jobs Dec 2011 - 132.9 million
Actual Jobs Feb 2012 - 131.1 million
Hmmm 1.8 million less jobs
Seasonally adjusted Dec 2011 - 132.1 million
Seasonally adjusted Feb 2012 - 132.7 million
600k more jobs than December?????
So there are actually 1.8 million less people employed than there were in December but somehow the unemployment rate decreased?????
Also Government employment increased in February, it didn't decline even though the seasonal adjustment says it did. The biggest problem I have is that the BLS numbers contradict themselves all over the different tables.
In Table A-13 the total number of employed persons is listed at 140.6 million however the available jobs are listed at 131.1 million? There are 14.3 million self employed. Are they counted somewhere?
The number of multiple job holders is 7.1 million which make up 5.1% of the total employed. Counting 5.1% of jobs that are held by a single person as part of the total number of jobs minus the population artificially depresses the unemployment rate. If you have two people and two jobs but both jobs are held by one person, the statistics show full employment but the real unemployment rate is 50%.
All I have to say is my brain hurts again.
I hate to be the pussy here, but this shit is getting crazy.
I listen to all the gun fire out in the woods and check things out through the grapevine, and there are at least 10 AK's, 5 other full autos, including a M60, and a dozen 1911's or clones within 5 miles.
That doesn't include the shotguns & other regular ol' hunting rifles, and the ones that smart people keep off the 'grapevine'.
Somebody is going to catch some 'friendly fire' soon.
It's changed.
The old-time rifle enthusiasts' game was to set up a loaders' bench in his basement and spend countless hours loading different weights & types of powder and different weights & types of bullets, ten cartridges each, carefully labeled. Then he'd go to the rod & gun club and shoot 5 rounds at a time, at 100yds, with a bolt-action rifle, to get "groups". This was from a shooting bench with sandbag rests (old shot bags filled with sand). They'd tinker around with different loads until they found the perfect cartridge to fit the rifle and could consistently place a 1" group (or tighter) at 100 yds. The process involved more writing and cataloging and basement-cartridge-loading than it did actually burning powder. Good thing, too, because those big old bolt-action cannons kick like mules.
Modern rifle enthusiasts use semi-autos with much less recoil. They shoot a lot more. Some of them really shoot well. I'm amazed at what they can do without a bench. They sure can raise Hell with a target at 100yds.
S&W M&P9C with extended mag is the choice of discerning pistol buyers everywhere. Glock 26 is good, M&P9C is better.
Ruger has a winner in the SR22pb 22lr. Costs around $300 and is great for women, plinking and training.
I'm siiting here waiting on the mailman to bring me a S&W 5 screw Highway Patrolman .357 made in 1954, the first year production of the HP. Like a kid at Christmas!!
Get a Curio & Relic license and take that extra paycheck to Gun Broker. I believe S&Ws by mail is mo better than money by mail and I know both beat the hell outa sittin in the Ft Worth jail ~ Delbert McClinton
Can I buy a gun with food stamps?
see the hi-point post above
It might indeed be that increases in gun purchases are related to increases in part-time workers. I am willing to believe that despite having no data on it. There are however some data points related to increases in gun purchases among women.
http://newyork.cbslocal.com/2012/02/06/seen-at-11-new-research-shows-gun...
http://www.gallup.com/poll/150353/Self-Reported-Gun-Ownership-Highest-19...
"The great object is that every man be armed. Everyone who is able may have a gun." ~ Patrick Henry 1787
A heavily armed population in a depression this could get interesting
works for me ;-)
Finally,a good news story.
Americans All! You people make this old man smile with pride.
"THIS is THIS. One Shot".
The new cold war, people vs. power.
The arms race is escalating.
Wonder what the cuban missile crisis equivalent will be?
Continuing the increasing of taxes on ammunition will possibly be the crisis. The anti-gun lobby does not want to go directly against gun ownership, because they'll lose on the clear ownseship constitutionality. They just want to make it administratively onerous (new permits, classes, registration, etc.) and make it too expensive to own or even fire a gun (higher taxes on ammunition - Illinois example and new local laws banning discharge inb city limits, moving ranges as far away as possible from large population centers).
The NRA should award Obama a Lifetime Achievement Award; greatest gun salesman in history.
What was the % of gun ownership in the depression?
In the depression era what was the % of people walking around on head meds?
www.pof-usa.com
Relentless reliability ... so you can put all that .223/.308 ammo you bought downrange when desired.
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