Pete Kendall's Socio Times: A Socionomic Commentary

August 24, 2007
World's Tallest to Rise Higher than Mt. Fuji
The X-Seed 4000 gives "highrise" a whole new meaning!
At 13,123 feet high, the massive, mountain-shaped building envisioned by Japan's Taisei Construction Company would overshadow Mount Fuji itself by nearly 700 feet. That's the equivalent of NINE Empire State Buildings stood one upon the other!

The building is designed to house up to one million residents on as many as 800 floors! Designers have had to consider tricky questions of temperature and pressure differentials between the base and topmost floors, and are looking to utilize solar power to solve these and other critical issues. The cost, you ask? Somewhere between $300 and $900 billion..

Could it happen? Well, skeptical citizens of Florence, Italy, scoffed at Leonardo da Vinci's detailed drawings of helicopters and other flying machines. Yet da Vinci's dreams did take flight, centuries later. I wouldn't rush to put down a deposit on a unit just yet, but Taisei's outrageous X-Seed 4000 proposal has the same potential to fly high.


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How Big is Peak? Skyscraper Index Soars Past Mt. Fuji
Category: NEWS
By: Pete Kendall, August 27, 2007
In bull and bear markets, reason slides with the trend. The lightning fast transition from the “end of the skyscraper” [in the aftermath of 9/11] to the tallest construction binge on record only hints at the depth of the next downswing.
The Elliott Wave Financial Forecast, March 2007

the big one

Did you guys spot this bit of insanity?

Of course, it will never happen. But remember, the skyscraper indicator flashes a sell signal when the world's tallest building is first conceived, not when it's complete. In this case, it may be more of a floatation of the idea than a true conception, but the proposal is so outlandish that it probablty qualifies. Even without it, the indicator's current position is clear from other a litany of other "tallest" skyscaper projects. The Elliott Wave Financial Forecast latest write-up on the subject is available in the Additional References below.

Additional References

January 2007, EWFF
The Peak Etches Out a New Skyline
According to a CNN article, over the next 10 years, 434 new buildings of more than 50 stories are expected to be built around the world. That compares to the construction of 630 buildings of similarly lofty proportions during the past 100 years. In a 160-story representation of the peak in the U.S. housing and equity markets, the Chicago Spire is set to surpass the Sears Tower as the tallest building in North America. It will be 300 feet higher than the Sears Tower and consist entirely of condominiums. In Manhattan, the financial peak anticipated in this month’s Special Section is signaled by Vornado Realty’s latest bid to entice financial tenants with five floors (100,000 square feet) of trading space in its latest project. The height of the building is still being worked out, but the firm plans to replace the Hotel Pennsylvania across from Penn Station with an office building that is roughly the size of the Empire State Building.

In England, a rapid succession of new projects are leading a “renaissance in British high-rise architecture.” London, Birmingham, Manchester, Liverpool, Leeds, Brighton and Edinburgh are “vying for the buildings with the best superlatives.” By 2010, London’s skyline will be dominated by the London Bridge Tower, a 310 meter (1,017 feet) building that will surpass the 235-meter Canary Wharf to become the tallest building in Europe. Work is also planned on five other London skyscrapers. Similar building panics are in progress in China, India, Russia and, of course, Dubai, where several towers including the world’s tallest tower are now under construction. The unprecedented global burst into the skies marks a dramatic transition from 2002, when EWFF noted that the very concept of skyscrapers was under siege. In the heart of a bear market, extremely tall buildings no longer made economic sense. “After terrorists crashed two commercial jets into the Twin Towers in New York City we read many stories about how the age of skyscrapers had ended,” says one account of the new boom. With the latest peak in social mood, this thinking is being turned on its head: “Building vertically instead of horizontally makes sense because a building that takes up the space of one city block can house an entire community.”

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Talk about "Far Fetched." I read several weeks ago about a proposal for a bridge/tunnel link up of Alaska and Siberia. Apparently, it was first proposed by the Czar about a century ago, conveniently just before the panic of 1907.
Posted by: Norman
August 27, 2007 11:08 AM

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