Skyscrapers Correlate with Financial Crises

Interesting…

From Barclays Capital via Rawstory:

“Our Skyscraper Index continues to show an unhealthy correlation between construction of the next world’s tallest building and an impending financial crisis — New York 1930; Chicago 1974; Kuala Lumpur 1997 and Dubai 2010.

“Yet often the world’s tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction.”

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