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.