You'd think that a skyscraper being constructed means that economic prospects are looking good. But that might not be the case.
The Guardian, The Independent, and a number of other websites around the world, are all reporting the findings of a study by Barclays Capital.
According to that study, there is a link between the building of the world's tallest skyscrapers and the crashes in the stock and property that followed them.
This is not the first time I have heard of this phenomenon.
In an audio presentation that I have come across from 2003, Dr John Demartini mentions exactly the same idea.
And with China and India, two of the "BRIC" nations (Brazil, Russia, India, China), both building a lot of skyscrapers, this seems to indicate that we in the so called "developed world" have not much more than a couple of years to turn our recessions around and start growing again, before India and China go into recession. Best case scenario; we have 5 years before this happens. Worst case scenario; 2 years.
Thursday, January 12, 2012
Skyscrapers does not equal prosperity?
Labels:
Brazil,
BRIC,
China,
Dr John Demartini,
India,
Recession,
Russia,
skyscrapers,
stock market crash,
tallest buildings,
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