this new barclays capital report says that a skyscraper boom heralds economic doom. ays china is the world's biggest bubble builder. take a look at this. this is the skyline of shanghai. of course it's china's economic hub with its iconic pearl tv tower. the country already has half of the world's existing buildings higher than 240 meters, in total 75 of them but china is not stopping there. it's going to nearly double that number in six years. that's because it's got more than half of the 124 skyscrapers currently under construction. now as for india, it only has two sky scrapers which are in mumbai. that's going to change in the next five years. 14 more are on their way. this is the construction site of the tower of india. once completed, it will look like this. it will be the world's second tallest tower. now, andrew lawrence, the man behind the skyscraper index. he's director of property research at barclays capital here in hong kong. he explains the index like this, skyscraper construction is characterized by bursts of intense activity with easy-to-get credit, ri

going to get out later we'll let you guys know who i want to move on to this story because the barclays capital study says the world skyscraper mania over the past one hundred forty years is actually not paying off it's an indicator of an imminent financial collapse the study points out the new york construction boom that the chrysler and empire state building came out of the pursuit of the great depression also dubai built the world's tallest building before having to be bailed out by. the question of who's next we don't know i mean china is home to fifty three percent of the hundred twenty four skyscrapers currently under construction. and i don't know what you think you think this could actually be a predictor of financial crises who's trying to build the tallest skyscrapers and wasting all their money there's no question command ever learns from the tower of babel remember what god that he destroyed. and he spread humanity across the globe they were all babble about different languages something that we had to do by the challenge and they're trying to build these cathedrals the space for go

let's bring in antonio garcia pasqual, chief southern european economist at barclay's capital.hank you for joining us today. let's talk about portugal because we saw all last week that portuguese yields seemed very much trapped in the situation out of greece and even today more pressure on yields. what's your read now how portugal yields are priced? >> the problem with portuguese yields is that the market trading is extremely thin so buying or selling moves the markets massively so they're not great indicator actually of where the risks are. the risks are high because, as you know, the program provides through 2013 and it's unclear whether that will be sufficient. >> the markets worry we may see haircuts on debt similar to greece and the whole way through last week in davos we heard from germany saying greece is a unique situation. it's one off. do you think we will see haircuts on portuguese debts? >> this is a very difficult question at this stage. there is an important difference between greece and portugal. in portugal when the program was initiated in june last year. both

jeffrey bernstein senior restaurant analyst at barclays capital.target to 45 from 42. i love, love, love the headline of your report. result grande, but expectation vente. at the same time your outlook for 2012 is even more vente than the street even still. why is that? >> starbucks entering 2012 has tremendous fundamental momentum. the first half of the year is going to be a little slower in terms of growth. as we move through the year, when coffee cost pressures ease and start to look favorable, you should see an acceleration in earnings growth. it comes down to expectations. expectations are pretty high on this one. >> one of the stand-outs in terms of the business line is a consumer product group. granted a smart part of total revenues at this time, about 12%. but the growth of that business for the quarter was astronomical. i'm wondering what you would anticipate? how big of a percentage of the total will that be by the end of the year? are we seeing this initial uptake in k-cups because it's new and so we're seeing this growth and it's going