Thursday, July 5, 2012

Architectural masterpiece of portent of doom?

The Shard developer says London 'owes a debt' to Qatar

This is a bit of topic but I cannot help remember a study by Barclays Capital that notes a curious correlation between high rise glamour buildings and economic problems: '"Often the world's tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction," Barclays Capital analysts said.' This seems potentially appropriate considering what has happened to our economy in the last few years.

Posted by quiet guy @ 06:58 PM (1760 views)
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6 thoughts on “Architectural masterpiece of portent of doom?

  • general congreve says:

    Yep, New York Scraper’s of the 20’s foreshadowing the Great Depression. Sky Scraper’s of Asia going up everywhere, pre-1997 tiger economies crisis. And the Shard is completed bang on cue, tick tock.

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  • I had a good shart the other day after a bit of a pizza and beer binge.

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  • mark wadsworth says:

    The theory is quite correct. I googled around a bit at the time and came across a fine bit of empirical evidence that all the “too high” skysccrapers were built at the top of credit bubbles and lost money for years thereafter, see second half of this post. The original Canary Wharf building is a case in point, having being originally planned/built in 1990-ish.

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  • gone-to-colombia says:

    Has a touch of Mordor about it.

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  • montesquieu says:

    Fucking monstrosity, how these bandits ever got allowed to build it, can only be about bungs to the right people.

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