Earlier today we discussed how China is in a race with the Saudis to build the world’s tallest skyscraper. But China’s not only trying to build the world’s tallest – the country seems dead set on building as many of these puppies as they can, period!

The Skyscraper Bubble in China

Of the 106 completed around the world last year, 62 – or 58% of the total – were in China. The next highest was Indonesia with nine, the United States Emirates at seven, and Russia with four. The U.S… only had two.

And it’s probably no surprise that China did the exact same thing the year before. In 2014, they finished 61 skyscrapers – just one less!

Since China is so clearly leading this trend up in the global bubble, it will most likely suffer the greatest depression to follow, as the U.S. did in the 1930s.

As bad as things could get here and in Europe, it will only likely be worse in China. And many economists still think China will have a soft landing. Good luck on that one!

The U.S. will hold up the best in this next crisis… and so will the buck. In fact, Boom & Bust subscribers are positioned to ride this long-term trend. Boom & Bust is our exclusive monthly newsletter in which we uncover key economic trends that will make you money. Click here to discover the economic news you won’t hear anywhere else, and how to make money on it as well.

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Harry Dent
Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.