Thursday, December 06, 2012

The Best Consumer Confidence Indicator: Gun Sales


Probably the best consumer indicator of overall economic confidence going forward is gun sales.  Higher gun sales simply means lower consumer confidence.  Likewise, lower gun sales the higher the consumer confidence in the economy and country.  What you have here is an inverse relationship between gun sales and consumer confidence.  Bottom line is that "gun sales" have never been better.  Smith & Wesson announced today that net sales for the quarter just ended were up 48%, which was a record for the company.  And, the company expects future sales to be even better than this quarter.

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