Posts tagged 'skyscraper index'
February 20, 2009
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A week ago, I warned you about the skyscraper index: As more cloud-hugging buildings are built, the economy goes the other direction, down, in other words.
Now, here are a couple of more useful, or maybe useless, indices.
The first one is the cardboard box index, reportedly a favorite of ex-Fed Chairman Alan Greenspan, creator of no less than three recessions, including the current depression...
February 9, 2009
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The Skyscraper Index: Believe It If You Choose
A theory from 1999 is resurfacing as the world plunges deeper into its current economic woes: The theory that the building of skyscrapers predates economic doom. This tidy bit of logic was conceived by Andrew Lawrence, at one time a researcher for Deutsche Bank.
Here are the "facts":
The Chrysler Building in 1929 and the Empire State Building in 1930 gave way to the Great Depression. The Sear...