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Home » Study Claims Correlation Between Supertower Construction and Economic Busts
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Study Claims Correlation Between Supertower Construction and Economic Busts

January 27, 2012
Peter Reina
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It’s not just bankers’ ballooning bonuses that can forewarn of an impending financial disaster. It now appears that periodic global cravings for ever-taller buildings might also be harbingers of economic doom. If new research from Hong Kong is to be believed, China’s frenetic high-rise boom, with India in its wake, could reflect a “misallocation of capital, which may result in an economic correction for two of Asia’s largest economies in the next five years.”Since launching its Skyscraper Index 13 years ago, Barclays Capital (BarCap) has revealed “an unhealthy correlation between construction of the next world’s tallest building and an impending
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