Of course, there is no theoretical limit on divergence. The problem is that exchange-rate shifts now represent the only mechanism for reconciliation, and the divide between certain market valuations and their fundamentals has become so large that prices are vulnerable to bouts of volatility.
当然，分化没有理论边界。问题在于汇率变化是如今唯一的协调机制，而某些市场的估值和基本面的分歧极其巨大，价格极有可能陷入波动。