China, India skyscraper boom may herald downturn

[marmar]

MUMBAI, India (AP) — A skyscraper building boom in China and India may signal an impending economic correction in two of Asia's largest economies, a new report says.

Barclays Capital has mapped an "unhealthy correlation" between construction of the world's tallest buildings and impending financial crises over the last 140 years.

Today, China is home to half of the world's skyscrapers — defined as buildings over 240 meters (787 feet) tall — currently under construction.

.....(snip).....

Historically, skyscraper construction has been characterized by bursts of sporadic, but intense activity that coincide with easy credit, rising land prices and excessive optimism, but often by the time skyscrapers are finished, the economy has slipped into recession, Lawrence said. .................(more)

The complete piece is at: http://news.yahoo.com/china-india-skyscraper-boom-may-herald-downturn-095904234.html

[leftyohiolib]

1. since workers are jumping off buildings maybe they shouldnt be built so high