Skyscraper index portends doom of Melbourne

Sunday 31 March 2024

The Skyscraper Index is one of those marvellous indicators that pops up now again to make an excellent point:

It’s more apocryphal than it is scientific, but it is nonetheless indicative of overextended economic models in the final throws of exuberance.

Today, the skyscraper index comes home to roost in Australia’s capital of crushloading economics, Hellbourne:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.