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I read this great article today about the Skyscraper Index. It’s a bit dated and you may have already heard of it, but nonetheless I find it very interesting so I figured you might too.

The index was created by economist Andrew Lawrence in 1999 and based upon his analysis, major downturns in the economy has coincided with the development of the “World’s Tallest Building.” The quest for extravagance tends to happen at the peak of any business cycle and by the time the world’s next tallest building is underway, the economy is headed for a significant contraction. Lawrence’s study was based upon 100 years worth of business cycles.

Here is the full 41 page report on the Skyscraper Index written by Mark Thorton of the Ludwig von Mises Institute.

What do you think?

Source: MoneyWeek