Huge Secular Bull Market: What most macro models get wrong! #SecularBullmarketUSA

As Warren Buffett puts it: “Never bet against the USA”

Let us start with the most important factor (if other factors are in play, later!): Demographics:

From https://twitter.com/RealMacroEcon (give him a follow!)

Gen Y (and Gen Z will be) will be bigger than the boomers and migration to the US in that age group is ticking!