Author Topic: Barclays Bank  (Read 1937 times)

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Offline Colwyn

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« on: January 11, 2012, 14:20:03 PM »
Here is a news story currently being run on the BBC News website (emphasis added by me). I am glad I don't trust my money to these economic experts; I hope you don't either.

Skyscrapers 'linked with impending financial crashes'
 
There is an "unhealthy correlation" between the building of skyscrapers and subsequent financial crashes, according to Barclays Capital.

Examples include the Empire State building, built as the Great Depression was under way, and the current world's tallest, the Burj Khalifa, built just before Dubai almost went bust.

China is currently the biggest builder of skyscrapers, the bank said.
India also has 14 skyscrapers under construction.

"Often the world's tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction," Barclays Capital analysts said.


http://www.bbc.co.uk/news/business-16494013



Offline usedbustickets

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« Reply #1 on: January 11, 2012, 18:19:20 PM »
I have usually found that it is not the HEIGHT of skyscrapers that correlates with economic depressions, but the LENGTH of the dole queues!

Offline Colwyn

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« Reply #2 on: January 11, 2012, 18:22:57 PM »
You'll never become a banker, USB. Wrong attitude.
« Last Edit: January 11, 2012, 18:23:21 PM by Colwyn »

Offline Scunner

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« Reply #3 on: January 11, 2012, 18:26:07 PM »
USB, United Skyscraper Bank

Offline Colwyn

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« Reply #4 on: January 11, 2012, 18:36:19 PM »
How did UBT become USB? I think CDG is haunted.

Offline Scunner

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« Reply #5 on: January 11, 2012, 18:42:58 PM »
Charles de Gaulle?

Offline usedbustickets

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« Reply #6 on: January 11, 2012, 21:28:31 PM »
quote:
Originally posted by Colwyn

You'll never become a banker, USB. Wrong attitude.


Your right I found that out when I used to work for a bank - on two different occasions!!




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