Is China Headed For a Bust?

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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