hong kong’s price rises are the steepest in our index but it is not the most overvalued housing market.
香港房价上涨曲线使我们数据统计中最陡峭的,但却不是最被高估的房地产市场。
their wages, even at the grossly overvalued official exchange rate, are worth around $25 a day.
甚至在极度高估的官方汇率,他们的工资仅约每天25美元。
he points out that american equities are significantly overvalued on the best long-term measure, the cyclically adjusted price-earnings ratio which smooths profits over ten years.
他指出最优的长期预测工具,周期调整市盈率由于将过去十年间的利润进行了平滑,现在已显着高估了美国股票的价格。
policymakers also fear that this flood of capital could lead to asset-price bubbles and overvalued currencies.
政策制定者们也担心这种资本洪流可能会导致资产价格泡沫并且高估货币。
indeed, only in hong kong, singapore and switzerland is the property market more overvalued than it was before the global economic downturn began in the third quarter of 2007.
的确,自从2007年第三个季度以来,全球经济危机下滑的背景下,仅仅香港,新加坡和瑞士的房地产市场比之前更被高估和膨胀了。
western analysts have labeled my political views 「hawkish,」 and the truth is that i have never overvalued the importance of morality in international relations.
西方分析家已经将我的政治观点打上了「鹰派」的标签,而事实是,我从来没有高估过道德在国际关系中的重要性。
banks have taken a uniquely brutal pummelling of late, but they are not alone in having to write down overvalued assets accumulated in the boom.
银行业最近遭到了罕见的残酷打击,他们将不得不减记在泡沫期间积累下的被高估的资产,不过他们并不孤单。
first, it is dangerous to try to maintain an overvalued currency.
第一,试图将某种货币维持在被高估的水平上是危险的。
the cost of borrowing abroad is likely to rise, the overvalued kenyan shilling will fall, tourism has already been badly hit and foreign aid may be cut back.
从国外的贷款有可能会上升,而估价过高的肯尼亚先令也将贬值,旅游业已经受到重挫,国外援助可能也会减少。
but there are two worrying exceptions. in ireland and spain home prices are the most overvalued in the zone; worse, the bulk of mortgages are at variable rates.
但这里有两个例外令人不无担忧:爱尔兰和西班牙是本区内房价被高估程度最高的地区;更糟的是,其抵押贷款按浮动利率计算。
unlike so often in the past, most currencies do not appear to be notably overvalued and hence prone to collapse; if anything, many are undervalued.
与过去不同的是,大部分的货币并未被显着高估,也就不会容易贬值;如果非要说什么的话,许多货币是被低估了。
the bad news is that there will be no cheap money for supporting overvalued asset prices any more.
而坏消息是,到时候中国不再会有廉价资金,来支撑被高估的资产价格。
by this measure australian property is the most overvalued of any of the 20 countries we track.
以这种标準来看,在我们跟蹤观察的20个国家里面,澳大利亚的房价是最被高估的。