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To: John Paquet who wrote (1176)	9/15/1999 9:06:00 AM
From: goldsnow	Read Replies (1) \| Respond to of 1239

Fears of capital flight The fall in the dollar is being driven by fears that foreign investors will withdraw money from the over-valued US stock market and put it into foreign securities, especially in Japan, where the Nikkei index enjoyed strong growth this year. Japanese investors, who have funded much of the US trade deficit by buying US government bonds, are believed to be repatriating substantial amounts of capital. "Foreign investors are asking themselves why they should keep funding the US to consume itself silly," said Tony Northfield of ABN Amro Bank. The falling dollar could itself precipitate a sharp drop in the US stock market, which has been boosted in the past year by a massive influx of foreign funds and the strong dollar. news.bbc.co.uk