As the chart below shows, by this gauge Canada is still 1% below its pre-crisis level and America is 3.5% down.
如下图所示,以此为标准衡量,加拿大仍较危机之前的水平降低1%,而美国下降了3.5%。
But by this gauge, the currencies of virtually all low-income countries are undervalued, since prices are generally lower in these countries than in rich ones (see right-hand chart, above).
可是,如果按这标准来衡量的话,低收入国家的货币值恐怕都偏低,因为总体上这些国家的物价就低于发达国家(见右上图)。
The CHART of the DAY displays the price-earnings ratio for MSCI Inc. 's World Index, a gauge of developed markets, for the past 14 years.
今日图表选取的是一张比较能反映全球成熟市场的MSCI全球指数14年来的市盈率曲线。
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