The Skyscraper Index:A Foreshadowing of Economic Crisis

For politicians and the public at large,skyscrapers—gigantic buildings backed by huge economic power—are a symbol of social progress and economic prosperity.Contrary to this popular belief。

For politicians and the public at large, skyscrapers -- gigantic buildings backed by huge economic power -- are a symbol of social progress and economic prosperity. Contrary to this popular belief, some economists argue that the emergence of skyscrapers and those reaching new heights in particular, would more often than not precede economic downturns.