The Skyscraper Curse That Has Called Every Crash for 150 Years | Mark Thornton #Economy #AIbubble

for 150 years, whenever one of these record-breaking towers gets to a new record height, approximately is when the economic crisis begins. >> For the audience before we show this graphic, I mean, Mark's built a pattern around record-breaking towers. And and I want to be careful how it's shown because the building's usually finished after the trouble starts. The signal isn't the the money commits. So, Lou, we can we can show that. I mean, it shows you the Singer building, the Chrysler, World Trade, you know, Jeddah, which is still climbing. And then of course, there's AI data centers. So, that that that that that tower was supposed to top back in 2020 and the economists in your school were calling a global crisis off the back of it. Then of course, as you know, COVID happened, $5 showed up, and then the recession never officially happened. It's still going up. So, what happens to a signal when the when the thing it's signaling kind of keeps getting postponed with that money printing? >> Well, I think it still tells us a story because we did have a crisis in 2020. It just turned out to not be uh labeled a skyscraper curse crisis. Uh but we certainly had a crisis. Um you know, we had this tremendous amount of government intervention in all aspects of our lives, including government spending and the money supply. But then, eventually, they restarted the Jeddah Tower. And they've been building uh very quickly at a many, many floors. But now, look what's happened. Um you know, the uh the situation in Saudi Arabia is deteriorating uh extremely quickly. And my sources on the ground over there um are are disconnected right now, and I don't know what's happening to that building, but I suspect that once again, it's not going to reach the record height um under the current circumstances in the Persian Gulf area, but typically historically for 150 years whenever one of these record-breaking towers gets to a new record height approximately is when the economic crisis begins.