Thursday, March 18, 2010

Goldman Sachs Thinks The Yuan Is Overvalued. Wow.

"Goldman Sachs Says Buy ‘Overvalued’ BRIC Currencies"

This is completely against the grain – but from the brief description that was given, it appears Goldman is using a long-term valuation model. And when I say long term, I mean it in the strictest academic sense – a pure equilibrium stock model (no flows).

No comments:

Post a Comment