Does The Skyscraper Index Signal A Weaker Oil Price?

“The construction of skyscrapers that qualify as the “World’s Tallest Building” tends to coincide with major downturns in the economy” Mark Thornton The “skyscraper index” is a reliable warning signal of the end of an economic cycle. Even if the indicator, created by Andrew Lawrence and developed further by Mark Thornton, looks like a contrived correlation at first glance, it turns out to be a close reflection of the boom & bust cycle. The construction of the highest building does of course not cause…

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