The Dollar and the Tower Get in Bed

DIGG THIS Economist Mark Lawrence created the Skyscraper Index in 1999. That index showed the correlation between economic crashes and tall buildings. The correlation can be unnerving, especially for those in the architecture profession, such as myself. But the past 100 years show strong evidence for Lawrence – almost every time the tallest building in the world is built, there is an economic crash to follow. 1907 brought the Singer Building and the Panic of 1907, 1931 brought the Empire State Building and the Great Depression, the early 1970s brought the Sears Tower and seventies stagflation, and the late nineties … Continue reading The Dollar and the Tower Get in Bed