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"The euro was bit overvalued," Mr. Padoan said, adding its decline will help "rebalance" global economic disequilibrium.
"All the big P.B.M.'s are a bit overvalued," said Damon Ficklin, a health care analyst at Morningstar.
But for coupon junkies, it is good news: the quantity and variety of promotional offers looks set to keep on growing.Read on: Groupon and other digital start-ups are looking a bit overvalued.
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America is also unusual in having non-recourse mortgages that let borrowers walk away with no liability.An optimist could therefore argue that our gauges overstate the extent to which house prices are overvalued, and that if markets are only a bit too expensive they can adjust gradually without a sharp fall.
In part because of this difference in overall macro conditions, but also because Germany doesn't have a housing boom and is actually engaging in a bit of austerity on its own, the burden of adjustment this time around is falling much more on deflation by the overvalued country.
"It was gloriously overvalued".
Are stocks overvalued?
Are tech stocks overvalued?
Punctuality is not overvalued.
Equities periodically get overvalued.
It cannot be overvalued.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com