11. Foreign capital flowed into the country, creating pockets of prosperity that could support the arts. 12. Foreign capital has also flowed back into the country, accommodating even a heavy trade deficit. 13. In fact, capital is already flowing from Japan, as investors chase higher returns on U.S. investments. 14. In addition, the country is running a current account surplus, meaning capital is flowing into the country as a result of investment and trade. 15. Indeed, signals were strong that foreign capital was flowing back into Italy, attracted by the high yields of government bonds and the bargain prices of Italian equities. 16. Lately, though, capital has been flowing back into the real estate market and developers have taken advantage of the low interest rates to build new properties. 17. Moreover, capital has flowed into apartment properties, pushing up prices and causing a surge of development in many markets, fueling fears of overbuilding. 18. Moreover, capital has flowed into apartment properties, pushing up prices and causing a surge of new development in many markets, fueling fears of overbuilding. 19. Morgan Stanley normally makes more money when capital flows freely and the firm can lend where and how it sees best. 20. One reason to be flexible, he said, is the complexity of the financial transactions and instruments through which capital flows around the world. |