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The long hangover from 2008 has put the cycle out of whack, but I always remember a quote from - I thought it was someone like Soros - saying that the number cr
by bencollier49 7y ago
The long hangover from 2008 has put the cycle out of whack, but I always remember a quote from - I thought it was someone like Soros - saying that the number cranes on the skyline was an indicator of an impending crash. Apparently there is something called the Skyscraper Index which makes largely the same point.
There are a lot of cranes in Manchester and London at the moment.
- rgblambda 7y agoThe Irish Times do something similar with the view from their Dublin Office. Only difference being they use it as a measure of economic growth.
- bencollier49 7y agoI suppose it must be a trailing indicator of economic growth.