How Can Skyscrapers Predict Economic Crashes?

How Can Skyscrapers Predict Economic Crashes? from Schiff Gold

What can skyscrapers tell us about the state of the economy?

A lot actually. In fact, you can predict economic crashes by looking at skyscraper construction, as economist Mark Thornton explains in this episode of It’s Your Dime.

Mark Thornton who holds his PhD in economics from Auburn University. He predicted the 2000 housing crisis several years before it started. Mark is the author of several books including his most recent release, The Skyscraper Curse and How Austrian Economics Predicted Every Major Economic Crisis of the Last Century.

In this episode of It’s Your Dime, Mike and Mark discuss how skyscrapers can help us predict economic crashes, the Austrian business cycle, why printing money out of thin air causes problems and what skyscrapers are telling us about the condition of the economy today.

SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.

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Peter Schiff

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkeley in 1987. A financial professional for more than twenty years, he joined Euro Pacific in 1996 and served as its President until December 2010, when he became CEO. An expert on money, economic theory, and international investing, he is a highly sought after speaker at conferences and symposia around the world. He served as an economic advisor to the 2008 Ron Paul presidential campaign and ran unsuccessfully for the U.S. Senate in Connecticut in 2010.