Pinnacle Envy Signals a New Bubble Is Inflating: William Pesek
This article is for subscribers only.
It’s time to revisit that economic indicator in the clouds, that architectural gauge of vanity, that quirky harbinger of doom -- the Skyscraper Curse.
I last dragged it out two years ago as Dubai, site of the world’s tallest building, crashed right on cue. It was but the latest reminder of the uncanny correlation between edificial one-upmanship and crisis. Almost without fail, cities or nations that open the globe’s latest record-breaking structure implode.