Skyscraper Curse: Economic Doom Hidden in Our Tallest Towers

David Invest

What if the world's tallest skyscrapers are more than just feats of engineering and symbols of prosperity? Could they also be harbingers of economic doom? Join us as we explore the "skyscraper curse," an economic theory brought to life by British economist Andrew Lawrence. We'll guide you through compelling historical examples, from the Singer Building during the Panic of 1907 to the Burj Khalifa around the 2008 global financial crisis, revealing how these towering structures often seem to coincide with significant economic downturns. Learn about the "time capsule" effect of lengthy construction timelines and the competitive drive of developers, offering a unique perspective on why these architectural marvels might spell economic chaos.
In the second part of our episode, we venture into the world of unconventional economic indicators. Discover how skyscrapers serve as mirrors reflecting economic trends, from boom periods to potential downturns. We leave you with a tantalizing question about other strange yet telling economic indicators that you might stumble upon in your day-to-day life. Keep your curiosity sharp and your senses tuned—perhaps you'll uncover the next big clue about our economic future. Don’t miss this enlightening journey into the intersections of architecture, human behavior, and economic forecasting.
📰 Read more about this topic in our latest article: https://sunrisecapitalgroup.com/the-skyscraper-curse-are-sky-high-buildings-a-sign-of-economic-trouble-ahead/

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Chapitres

1. The Skyscraper Curse (00:00:00)

2. Unconventional Economic Indicators (00:09:29)