The opening of “world’s tallest buildings” are a harbinger of recession to follow.  There has never been a case in the past – since 1830 and the arrival of tall buildings – when this was not the case, when understood within the context of the 18-year property cycle and Phil’s property clock.  For more see here, some of Phil’s prior prescient writing:

MoneyWeek, Feb 8, 2008     http://www.businesscycles.biz/chartsbusiness/skyscraperarticle.pdf

Educated analyst, Sept 2009 issue   http://www.businesscycles.biz/cantillion.pdf