Pride and skyscrapers cometh before the fall
An “unhealthy correlation”
exists between the
construction of skyscrapers
and fi nancial crashes,
according to a new report from
Barclays Capital.
The construction of the Empire
State building in New York
in 1930, along with towers in
Kuala Lumpur in 1997 and Dubai
in 2010 have all been followed
by economic crises, the
report noted.
“Often the world’s tallest
buildings are simply the edifi ce
of a broader skyscraper building
boom, refl ecting a widespread
misallocation of capital
and an impending economic
correction,” it said.
“The completion of Petronas
Towers in Kuala Lumpur in
1997 was followed by a regionwide
economic crisis and the
collapse of Asian currencies,” it
added.
Source: Gulf Times
An interesting article but at the same time a little absurd?
Coincidence (== nonsense)
Amazing. I remember in y previous life helping to build the tower of pizza and thinking - " can't see the good times lasting"
it is the observations that is the first step towards superstition
of the 73 structures higher than 300 meters, 35 are in east and south east asia, 25 in the middle east, and the rest (less than 15) in the america, europe, australia
old news. 1999 news!
this "doom" theory has already a name: skyscraper index
http://en.wikipedia.org/wiki/Skyscraper_Index
s_isale it's not superstition; it's just an observation: economic crisis happen shortly after high skyscrapers are build. it's not a science, or a cause effect scenario. it's just an observation.
Before proposing a project or a skyscraper, site analysis is observed so the location chosen would be the most feasible site for business not the other way around. The reason behind this could be overspending, wide spread corruption & greed, I think...
say what UK?
s_isale.. So better start saying more before the 90 storey exhibition centre Tower is complete here in Qatar!
isnt this all superstition? how can the so called educated, 'enlightened' ones think this way>
Interesting ... don't go overboard
be it towers or LCs :)
was that the reason why the construction of Dubai Tower was halted midway?
this means Saudi Arabia is the next in line :)
So did the NY Twins,...Now there might be an invisible threshold of permissible hight for Human Constructions, which might be cosmically dangerous to cross!
The 'Tower of Babylon' also had a negative impact!!