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JackRiddler

(24,979 posts)

13. The reason for the correlation is obvious.

Reply to Posteritatis (Reply #11)

Wed Jan 11, 2012, 06:11 PM

Jan 2012

Don't see anyone implying the skyscrapers directly cause the crash.

A big crash necessarily is preceded by a big bubble. A big bubble nowadays usually involves a big financial center (that would be a big city) with a lot of FIRE speculation. During the bubble the big dicks will be building themselves big buildings to show off and celebrate their magnificence, and of course in the hope of having them fully sold or leased prior to the big crash. So it's no shock that crashes often leave a lot of record-tall towers standing unfinished or mostly empty for a few years - as famously happened with the Empire State.

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Highlight:

Skyscrapers 'linked with impending financial crashes' (BBC) [View all] eppur_se_muova Jan 2012 OP

I wonder if this was true about the pyramids too Duer 157099 Jan 2012 #1

This is a classic fallacy cthulu2016 Jan 2012 #2

+1 redqueen Jan 2012 #6

There's some biblical story about Babel's tower or something, that warns of hubris. Quantess Jan 2012 #3

Oh I think you may be very correct using that story. They were empire builders who wanted to jwirr Jan 2012 #9

"Paging Prince Nimrod! Prince Nimrod, Please Pick Up The White Courtesy Phone...." The Magistrate Jan 2012 #4

monstrous buildings made out of concrete and hubris librechik Jan 2012 #5

This is completely off topic, but this is one of the coolest photos I've ever seen. CrispyQ Jan 2012 #7

Especailly if it is true that most of them are setting empty. Building housing for people who cannot jwirr Jan 2012 #8

Skyscrapers generally aren't housing. (nt) Posteritatis Jan 2012 #10

No but there was a story a while back on DU about them building highrise housing in order to keep jwirr Jan 2012 #12

Why hello there, fashionable post hoc ergo propter hoc. (nt) Posteritatis Jan 2012 #11

The reason for the correlation is obvious. JackRiddler Jan 2012 #13