These problems were aggravated by the overvaluation of the dollar.

对美元的过高估价加剧了这些问题。

The signs of overvaluation are everywhere.

估值过高的信号比比皆是。

Unlike Asia in the 1990s, the renminbi shows few signs of overvaluation in its external balances.

与上世纪90年代的亚洲不同的是，就外部平衡而言，没有多少迹象显示人民币币值被高估。

What we've learned (I think), No. 1: Extreme overvaluation precedes a crisis — you might say it's a prerequisite.

我们学到了什么(我认为)，第1号：极端高估危机之前-你可能会说这是一个先决条件。

A period of strong performance leads to overvaluation, from which subsequent returns are inevitably disappointing.

一段时间的强劲表现导致过高估价，最终给人们带来无法避免的失望。