When the chinese credit bubble bursts , who will be left to buy all those overpriced watches and handbags ?

当中国的信贷泡沫破裂时，有谁还会买那些定价过高的手表和手袋呢？

China 's excess saving is currently funnelled through the central bank into ( overpriced ) american treasuries and similar bonds .

中国的过剩储蓄现在是通过央行投资于（定价过高的）美国国债和类似债券。

Successive british governments have treated europe as a flawed , overpriced but geographically unavoidable mechanism for eliminating some barriers to competition and trade .

接连几届英国政府都视欧洲为有缺陷的、定价过高的、但要消除某些竞争与贸易障碍在地缘上又不可避免的机制。

The clients thought they were picking the best fund managers ; the value investors were avoiding overpriced stocks ; the growth managers were doing what they were paid to do .

客户都认为自己选了最好的共同基金管理人；价值投资人在尽量避免定价过高的股票；那些增长型基金管理人在尽其职责。

One can judge when prices are moving a long way from fundamentals and it is hard to clean up the mess afterwards , particularly if much debt has been accumulated , using the overpriced assets as collateral .

人们可以判断价格何时在远远脱离基本面，同时很难在事后收拾残局，尤其是在以定价过高的资产作为抵押品，大量债务累积起来的时候。