Take a look at this figure from Barclays Capital:
A sign of progress? Sure. China is rapidly building more skyscrapers because of its recent economic growth.
But this could also be a sign of the bad things to come. The Barclays Capital Skyscraper Index has shown "an unhealthy correlation between construction of the next world’s tallest building and an impending financial crisis." With 14 new skyscrapers going up in China, the question we have is whether this portends bad things for China's economy or the global economy as a whole?
Hat tip BBC News.
Posted
01-18-2012 8:43 AM
by
Graham Griffith