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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (7955)8/21/1999 11:17:00 PM
From: JF Quinnelly  Read Replies (2) of 15132
 
One of the triggers of the '87 crash, and perhaps the main trigger, was the falling dollar. In that summer Secretary Baker announced our intention to weaken the dollar, and so the Japanese took their money home to escape the currency loss.

This time foreign investors may be taking their money home because their domestic economies are recovering. Such repatriation could serve to weaken the dollar, and encourage further capital flight to escape a currency loss.
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