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Source link: http://archive.mises.org/16113/skyscraper-alert/

Skyscraper Alert!

March 18, 2011 by

Five of the Ten highest skyscrapers in China are currently under construction. Each of these would rank in the tallest 35 building in the world (based on their proposed heights). The Chinese economy exhibits a great deal of bubble tendencies. The second tallest skyscraper in the world is currently under construction in India. So there is no clear signal to issue a crisis signal, but there is enough evidence at this time to issue an alert. There are however four record setting buildings in the proposal stage.

Skyscrapers Are A Great Bubble Indicator in Forbes

Look Out Below: Why Skyscrapers are Classic Bubble Indicators

Council on Tall Buildings database

{ 8 comments }

Fephisto March 19, 2011 at 3:39 am

You’d think the city of Ordos would be proof enough…

Freedom Fighter March 19, 2011 at 7:48 am

I made a dream one night, I was playing a video game. The game was to pilot a jet fighter in 3rd person mode across a city of extremely tall and densely packed skyscrapers. You had to maneuver around the skyscrapers and not crash in them all the while chasing your enemies and shoot them down.

Imagine jet-fighter dogfight but in a city of skyscrapers. The skyscrapers were also translucent, you see them, but you could also see through them.

The skyscrapers were about two miles long and went beyond the clouds. The enemy took refuge in the city, knowing it would be difficult to chase them because now I would have to maneuver around the skyscrapers.

I then asked some guy in the dream: how come I can play video games while I dream ? To which he replied: because of partition computing. I didn’t know what partition computing was. I knew about partitioning a hard disk but partition computing ? Then, a quick search on wikipedia about partition computing revealed interesting things.

Stephen Adkins March 19, 2011 at 1:20 pm

What a bizarre comment.

Freedom Fighter March 20, 2011 at 10:14 am

HA HA HA HA HA !!!!

I didn’t expect you to understand and to be honest, this comment has very little to do with the subject in terms of libertarianism, economic activity and bubble indicator. I just felt like sharing it.

Bizarre ? LOL !

David C March 19, 2011 at 9:45 pm

Another disaster indicator I’ve noted is the Olympics, usually 5 years before disaster hits. LA before the riots? Sarajevo? Moscow? I’m sure I’m missing some here.

Peter March 20, 2011 at 3:19 am

Berlin 1936 ;-)

bobobberson March 21, 2011 at 8:50 am

Athens 2004 (although that’s ~4-6 years depending)

30 hour osha March 28, 2011 at 2:30 pm

A good safety training option is the 30 hour osha course meeting OSHA requirements for people needing the osha 30 card. It’s a terrific course for people in construction.

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