Sales of assault-style rifles are surging in the aftermath of the Florida school shooting that killed 17 students and staff members.
Criminal background checks for gun sales — a key metric for estimating the demand for guns — rose 3.5% in Florida in the month of February, compared to the previous year, Bloomberg reports.
Background checks for long guns, which includes assault-style rifles like the one used in the Parkland school shooting, surged 12.6% in the state. Nationwide, that metric rose 3%.
Gun sales typically surge after mass shootings, due to rising fears over tightening gun controls.
But under President Donald Trump, gun sales have slowed — a trend that has been called the "Trump slump" — because he's seen as supportive of the gun industry.
The recent rush of demand for guns indicates that "fear-based buying" is back, according to KeyBanc Capital Markets analyst Brett Andress.
It "starts to beg the question: Is fear-based buying back? Given all the recent headlines and rhetoric, we would argue yes, for the moment," Andress wrote in a research note.
(Via: Business Insider)
Blog Author's Comments: People are buying them for the same reason they buy insurance. They hope they never need to use it but its there, just in case. These are investments that may rise in value 30%, if a ban goes into effect. At least the Trump administration should not be trying to empty the market of ammunition with huge acquisitions, unlike the Obama regime.
And the anti-gun Liberals have been the best gun salespersons for over 150 years. Obama was the best gun salesman in America for the last 10 years. Now this little weasel David Hogg is taking Obama's place and causing the exact opposite effect he wants to accomplish. Hogg is helping put more guns in the hands of the very people that he apparently despises - Us.
it makes me want to smack it for some reason.
No comments:
Post a Comment