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Roubini Sees Stock-Correction ‘Tipping Point’ on Slowdown

Nouriel Roubini, the economist who predicted the global financial crisis, said stock markets are at the “tipping point” of a correction as economic growth may begin to slow.

Companies had ridden a worldwide recovery to boost sales and profits, supporting equity price increases, Roubini, co-founder and chairman of Roubini Global Economics, told a conference in Budapest today. Now, signs of a global economic slowdown may drag down stock prices, he said.