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Skyscraper Index Goes Global
If the Barclays Skyscraper Index, which posits bursts of skyscraper construction are a harbinger of great economic collapse and market crashes, is accurate, then the world is in for a, well, world of pain. And nowhere more so than in China. As Skyscraper Center reports, 2014 saw an all-time high record 97 buildings of 200 meters or more completed with an increasing shift towards Asia (with a stunning 76% of all tall-building construction). For the seventh year in a row, China completed the most (58) skyscrapers... mal-investment boom much?
For the 8th year in a row, North America saw its share of the tallest skyscrapers in the world fall...
With China dominant...
As yet another chart represnting consumption and credit goes exponential...
And here is the dominance of Asia in 2014's builds...
Which is why if the Barclays Skysraper Index is indeed correct, then China - ignoring all other sirens of an imminent credit bubble implosion - better watch out below.
And the skyscraper-fest has gone fully global in 2015
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If all architects were women, size would not matter (hah!)
Someone's compensating for something.
sum ting wong
I see skyscrapers are blight, symbols of zoning perversion and energy inefficiency, each building requires its own powerplant somwhere else.
Office buildings are obsolete. Hell, most meetings are obsolete.
The world is small c conservative in some strange ways.
There's nothing more inefficient than a skyscraper. The only time they pencil-out is when economic conditions are outrageously skewed. Oh, wait...
You could be more efficient opening up an area with new roads and mass transit (quality systems, not diesel buses) and building 5-12 story buildings, and make a community much more human and livable. Some places are actually getting this.
I believe The Donald said it best - building a skyscraper is just penis waving.
Considering the popularity of "penis waving" throughout history, you are not sounding very optimistic.
PENIS WAVING
I was going to bet $5 that the link was to a video of Obama saluting as he deplaned AF1 - a penis, waving.
Skyscrapers of cards.
Don't sneeze.
The banksters need to repay us.
You are "freeing up land."
Of course if this is part of planned economy you might be better off being a peasant.
With low oil those ME builds will go to 0.
Click bait. Tyler, quit yanking my chain.
Ghost Skyscrapers, the new "multi use" copper storage facilities.
Krugman must have woodie over this statistic. Overpriced skyscrapers on the "Rim of Fire". Lot's of "broken window" potential.
I could drive you around Chicago, not just the loop, and point out the buildings, the years they were finished and give you a clear picture of economic blow offs starting with 1901. Granted alot of the buildings that were finished in 1902 and in 1929 are gone, but some remain. There was not a new office building constructed from 1929 until 1956.
I would prefer to think that the initiation of their construction was movited by the existence of sufficient capital coupled with an existing demand for space.
'Skyscraper Index' lacks a bit of pizzazz. How about the "Phallic Stochastic" ?
I was refering to copper storage, as all the un~used copper piping. Are the fixtures made of Au & Ag?
Given the increasing evidence of a worldwide faux economy, perhaps it's paper mache. If so, growth will depend on the greatest known producers of this important industrial substance: 3rd grade art classes.
lol Flower(flour) & Water. Hope you did okay on that RUT trade today?
She's been a dream to trade thus far in 2015, but today marked my first fuckup YTD, getting in too early instead of waiting for the key moment to short at 10:*&, based on the classic (*& || 54R indicator (details auto-censored by the Russell secret trading society, Maxine Waters chairwoman), then had too much to defend and got out near where I should have got in. Ah, well. Annoying when you sketch out in your head at 9:17 what might happen, it comes true, and you still lose due to faulty psychology.
If the first few weeks are a guide, trading is back as a profession, big time.
It's not an investment. It's a status symbol.
And so is my cod piece that I proudly wear every day.
new towers of babel
Phallic.
Like USA, China is about to go bust. They have ghost mega cities and ghost factories and now even ghots buildings in cities like Beijing and Shanghai. Soon they will be abel to build no more. At the same time foreign companies are looking to get out if their production is not for the China market. So you are going to see a big squeeze on employment as well.
Like USA, China is about to go bust. They have ghost mega cities and ghost factories and now even ghots buildings in cities like Beijing and Shanghai. Soon they will be abel to build no more. At the same time foreign companies are looking to get out if their production is not for the China market. So you are going to see a big squeeze on employment as well.
When the only buyers are those who want penthouses, you have to build all the buildings really, really tall.