Analyst Vikram Mansharamani thinks China's construction bubble is going to burst, and he says the number of skyscrapers going up in the country is a clear indicator.
Mansharamani has developed a method of predicting construction booms and busts, and the building of skyscrapers is high on his list.
Reporter Daniel Gross talked with Mansharamani:
"Tall buildings aren't just symbolic of reckless ambition. 'Skyscrapers are manifestation of easy money, overconfidence, and hubris,' he says. And they are excellent indicators of a top."
Mansharamani equates the skyscraper boom with the Dutch tulip mania of the 17th century.
FULL STORY: Look Out Below: Why Skyscrapers are Classic Bubble Indicators
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City of Albany
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research