New Record Skyscraper (and depression?) in the making

Tags: Capital and Interest Theory, Booms and Busts

08/07/2007 Mises Wire Mark Thornton

There is a new record setting skyscraper in the making in the United Arab Emirates. The Skyscraper Index predicts economic depression and/or stock market collapses to occur prior to the completion of the skyscraper. Maybe the economic damage will be confined to the UAE.

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