高估

The property overvaluation in the global economy is probably over 50% of GDP or $25 trillion.

目前，全球房地产市场的价值高估很可能超过了GDP的50％（或25万亿美元）。

Thus, our model might be overestimating the extent of the overvaluation.

因此，我们的模型可能是高估了定价过高的程度。

The overvaluation of commodities and emerging market debt and stocks, for example, could correct quickly.

比如，商品、新兴市场债券和股票的高估将会迅速地调整。

The good news is that, after an extended period of overvaluation, stock markets are, at last, attractively priced.

好消息是，经历了长期价值高估以后，股票市场的定价最终有了吸引力。

This was the case in the overvaluation of certain residual tranches in securitizations in recent years, when there was no active market for these assets.

这是这个案子被高估的securitizations某些残余顶级近年来的时候，没有活跃市场对这些资产。

Overvaluation alternates with undervaluation, either of which may last three to five years.

实证结果表明：日元实际汇率波动剧烈，汇率的高估和低估相间，有3~5年的持续性。

On the basis of existing theory, we improve the model brought forward by Stein, et al., study the influence of market overvaluation on company financing and investment and explains some of the problems in the real world.

本文在综述前人成果的基础上，对 Stein 等人的模型进行改进，研究了市场高估对公司的融资、投资行为的影响，解释了一些现实中的问题。

However, it would be wrong to interpret this as a systematic overvaluation in the housing market since three more factors stimulated demand over the past few years.

不过，把出现这种情况的原因完全归结为房地产市场的价值出现了系统性高估是错误的，在过去几年中，还有另外三个因素推动了需求的高涨。

Our Research Department's analysis points to a persistent overvaluation of the US dollar and the undervaluation of the euro.

我们研究部的分析指出，美元存在持续的汇率高估而欧元则被持续低估。

Although Mr Summers did not and could not say so, the vision will require an end to the remaining overvaluation of the dollar.

虽然Summers先生没有也不可能这样说，但是，远景的实现将需要美元结束持续被高估的局面。

Plunder melds and run with this jewel!

掠夺melds和运行与此宝石！

My dream is to be a crazy growing tree and extend at the edge between the city and the forest.

此刻，也许正是在通往天国的路上，我体验着这白色的晕旋。