FBI NICS Background Checks Drop 10% in January

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An Associated Press analysis of new FBI data published early Tuesday shows the National Instant Criminal Background Check system processed more than 2.78 million checks in December. That was a 12-month peak following an upward trend through last fall.” The decline’s down to empty shelves and higher prices, as millions of Americans purchased firearms of all kinds, sorts and descriptions; frightened that the civilian disarmament movement will deny them their Constitutionally protected right to keep and bear arms. While the pressure drop is significant . . .

it pays to remember that the 2.48 million January stat is “still greater than any other month last year.” It’ll be interesting to see if renewed supply will ease prices and sustain demand—or if the effect of state and federal gun grabs will sustain demand anyway.

Bottom line: it’s still a good day to be a gun maker or gun dealer. A Connecticut, New York, New Jersey, Maryland, Massachusetts, Rhode Island and maybe even Minnesotan AR owner or prospective buyer . . . not so much.