"The world economy is losing strength halfway through the year as high oil prices and fallout from Japan's natural disaster and Europe's debt woes take their toll.... Until two weeks ago I'd say markets were shrugging off all these concerns, saying they don't matter because they were believing the global economic recovery was on track. But I think right now we're on the tipping point of a market correction.
With slow global economic growth, they're going to surprise on the downside. We're going to see the beginning of a correction that's going to increase volatility and that's going to increase risk aversion." in "Roubini Sees Stock-Correction 'Tipping Point'", Bloomberg
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