Saturday, November 1, 2008

New London Skyscrapers and Recession

Skyscrapers portend doom

As the Chrysler and Empire State Buildings raced each other to become the tallest in the world, the 1929 crash saw the economy collapse around them. The World Trade Center towers were completed in the dire stagflation of the mid-1970s which saw New York bankrupt, crime-ridden and at its lowest ebb. The passing of the high-rise baton to Asia with the completion of the Petronas Towers saw the collapse of the Asian markets in 1997. Super skyscrapers appear to be bad news for the economy.

Posted by mountain goat @ 05:47 PM (662 views)
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4 thoughts on “New London Skyscrapers and Recession

  • Read somewhere that you can only afford to build one when the economy is doing well, and that buy the time you’ve secured the funding and permissions etc, got the plans and started construction, the economic cycle has reached the recession stage.

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  • planning4acrash says:

    Covered in a short podcast in the Lew Rockwell Show

    As ever, subscribe via i-tunes and learn all you need to know about finance, and much about civil liberties.

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  • whostolemyendowment says:

    Genesis 11.4
    They said, “Come, let us build for ourselves a city, and a tower whose top will reach into heaven, and let us make for ourselves a name, otherwise we will be scattered abroad over the face of the whole earth.”

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  • planning4acrash says:

    Ah yes, Get rid of the Babylon System! Bob Marley was singing about the Illuminati’s Babylon System here.

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