The stock markets are booming, the economy is booming, and the main stream media is booming with stories about both. Yet, as IceCap Asset Management's Keith Dicker warns, if one looked closely between all of this booming, one would find that everything isnt quite booming after all.
For starters, the latest Wall Street Journal/NBC poll reported 54% of respondents would vote to replace EVERY member of the American congress if the ballot option was available. Lets think about that for a moment – the majority of people in the most democratic country in the world would boot out every single elected official in Washington.
This isnt exactly a booming vote of confidence.
The same poll also reported that 66% believe the American economy is on the wrong track and 65% said their representative didnt deserve another term in Washington.