As was foreseeable, financial markets have suddenly switched from optimism to pessimism about the US economy

US investors have for a long time refused to believe that growth could slow down in the United States. Yet this slowdown was inevitable , given the return to full employment and the downturn in residential real estate . The "stories" that investors and optimists have been telling in the United States ( acceleration in productivity , increase in the participation rate) have not become reality. As was foreseeable, these very optimistic investors are now suddenly becoming too pessimistic, which explains the downturn in markets (equities, corporate bonds).