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Home | Blog | New Record Skyscraper (and depression?) in the making

New Record Skyscraper (and depression?) in the making

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Tags Booms and BustsCapital and Interest Theory

08/07/2007

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.

Mark Thornton is a Senior Fellow at the Mises Institute and the book review editor of the Quarterly Journal of Austrian Economics. He has authored seven books and is a frequent guest on national radio shows.

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