Analysis: With recession lights amber, brittle markets vulnerable to all shocks

By Mike Dolan LONDON (Reuters) - Financial markets that predicted eight of the last six recessions may be yet be wrong again, but market stress itself is now part of the calculus and leaves the world more open to left-field shocks. Given the violence of this year's slump in equities, where more than $8 trillion has been wiped off global stock market values, it is remarkable how few economists still see recession as the most likely outcome.