Nearly $8 trillion wiped off world stocks in January, U.S. recession chances rising: BAML

World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday. The bank's U.S. economists also said on Friday that the likelihood of the world's largest economy entering a recession in the coming year has risen to 20 percent from 15 percent. Reflecting the increasingly bearish sentiment engulfin