“Checklist for a super bubble running through its phases is now complete and the wild rumpus can begin at any time” says #GMO’s Jeremy Grantham

Jeremy Grantham Doubles Down on Crash Call, Says Selloff Has Started 

Calculates losses in U.S. alone may reach $35 trillion!

"Checklist for a super bubble running through its phases is now complete and the wild rumpus can begin at any time," Grantham, 83, writes in his note. "When pessimism returns to markets, we face the largest potential markdown of perceived wealth in U.S. history."

J. #Safra Sarasin Snaps Up #Geneva Landmark

Brazilian-Swiss bank buying BNP's emblematic building in the heart of Geneva's financial district  

Banking group J. Safra Sarasin is buying a 15,000-square meter building in Geneva from BNP Paribas for

#Evergrande: “Kill the Chicken 🐓 , to scare the Monkeys 🙉 🙈 🙊”

Evergrander Debts: ~$300 Billion in liabilities. ~7X in 7 Years

Who's the monkey, you ask? 

There are two mainly

Red Hot #Chile 🌶

1. Cascade of cash —$49 Billion— from early withdrawals from the private pension funds established under Pinochet.

(N)#EverGrande… #China's Lehman moment"?

Evergrande currently has $305 billion in debts outstanding. If it implodes, will it be China's Lehman moment?