Mark Thornton – Beware The Skyscraper Index

from Financial Survival Network

Mises Institute’s Mark Thornton stopped by today for the first time. When it comes to free markets and Austrian Economics, he’s a heavy weight. His writings are found on the Mises site and around the web. We discussed the proliferation of super tall buildings happening across the globe. Mark has shown that they’re a surefire sign of malinvestment that comes from artificially low interest rates. These buildings are popping up in North America, Europe, the Middle East and China. Will the usual economic bust follow in their path? Well if past is prologue, expect economic devastation to follow in their paths.

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