However, our fascination with the latest, and our undervaluation of what has already become common, has led us in all sorts of wrong directions.

然而，我们迷恋最新事物，同时低估已经变得普通的事物，把我们引向了错误的方向。

In the long term, however, the yen's huge undervaluation means that it will eventually bounce back.

从长期的角度来看，对日元的严重低估意味着它将逐渐反弹回升。

On the first, estimates of the extent of undervaluation vary hugely: some even argue the renminbi is overvalued.

首先，人们对于人民币低估程度的估算大相径庭：一些人甚至宣称，人民币高估了。

How long can the currency undervaluation blame game or the finger-pointing about the fuelling of inflation last?

指责汇率低估的游戏或攻讦助长通胀的剧码能够持续多久？

This curiously precise figure was the midpoint of a range of estimates (15-40%) of the yuan's undervaluation.

对人民币价值偏低率的估计被定在了15 - 40%之间，所提出的这一严谨而精确地数字则取了一个中间值。

In buoyant markets, by contrast, both the number of undervalued securities and their degree of undervaluation declines.

相对的，一个普遍看涨的市场里，被低估的股票数量和程度都会下降。

They argue that Asian economies are pursuing a deliberate policy of currency undervaluation to ensure strong export-led growth.

他们认为亚洲经济体正在有目的地奉行压低货币汇率的政策，从而确保出口拉动经济增长的强劲势头。

Then, the paper analyzes the harm of RMB exchange rate misalignment, the reason of long-run undervaluation, and sustainability.

然后，本文分析了汇率失调的危害、长期低估的原因和可持续性。

It says that the great mistake of Western culture, through most of its history, has been the undervaluation of this femininity.

它说，西方文化的一大错误是在其历史的大部分时间内低估了这女性气质。

But nine of the 13 models signal undervaluation, with the median value suggesting the yen is 15% too cheap-the weakest currency in the chart.

不过13个模型中有9个表明日元低估，其中间价值显示日元低估15%——图表中最疲软的货币。

And the Peterson Institute was not actually recommending a 41 per cent appreciation, but only trying to put a number on the level of undervaluation.

彼得森研究所也不是真的建议升值41%，而只是试图用数字来表示低估的程度。

The infamous Schumer-Graham bill, which proposed a 27.5% tariff on all Chinese goods to offset the yuan's alleged undervaluation, was withdrawn last year.

声名狼藉的舒默·格雷厄姆法案——建议对所有中国商品征收27.5%关税以抵消人民币所谓的低估——在去年被撤销。

The legislation would allow the US to use estimates of currency undervaluation to calculate countervailing duties on imports from China and other countries.

该法案将允许美国方面在针对从中国和其它国家的进口商品计算反补贴关税时，使用估计的汇率低估幅度。

The legislation would allow the us to use estimates of currency undervaluation to calculate countervailing duties on imports from China and other countries.

该法案将允许美国方面对从中国和其它国家进口的商品计算反补贴税时，使用估算的汇率低估幅度。

Chinese economy has been in a state of external and internal imbalances for some years, which has something to do with the undervaluation of renminbi (RMB).

中国经济近年来呈现出比较明显的外部失衡和内部失衡，这与人民币汇率低估不无关系。

Some estimates I've heard suggest that at current rates of inflation, Chinese undervaluation could be gone in two or three years - not soon enough, but sooner than many expected.

我听说一些评估报告指出在目前的通胀率下，中国被低估的现状仍将持续两到三年——虽然还不够快，但这已经超出了许多人的预期。