{"id":11715,"date":"2020-09-24T20:53:07","date_gmt":"2020-09-24T11:53:07","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=11715"},"modified":"2020-09-24T20:53:07","modified_gmt":"2020-09-24T11:53:07","slug":"%e4%b8%96%e7%95%8c%e6%9c%80%e5%a4%a7%e3%81%ae%e3%83%98%e3%83%83%e3%82%b8%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89-%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e3%81%a7%e6%a0%aa%e5%bc%8f%e5%b8%82%e5%a0%b4%e3%81%8c","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11715","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u30a4\u30f3\u30d5\u30ec\u3067\u682a\u5f0f\u5e02\u5834\u304c\u66b4\u843d\u3059\u308b\u7406\u7531"},"content":{"rendered":"\n<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u5f15\u304d\u7d9a\u304d1970\u5e74\u4ee3\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u6642\u4ee3\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u30c0\u30ea\u30aa\u6c0f\u306f\u30011960\u5e74\u4ee3\u306b\u7d4c\u6e08\u306e\u5f31\u307e\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u304c\u7d19\u5e63\u3092\u5370\u5237\u3057\u305f\u7d50\u679c\u30011970\u5e74\u4ee3\u304c\u7269\u4fa1\u6025\u9a30\u306e\u6642\u4ee3\u3068\u306a\u3063\u305f\u69d8\u5b50\u3092\u8aac\u660e\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11685\" data-type=\"post\" data-id=\"11685\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u7d19\u5e63\u306e\u5237\u308a\u904e\u304e\u3067\u30c9\u30eb\u304c\u66b4\u843d\u3059\u308b\u3068\u304d<\/a><\/li><\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e1970\u5e74\u4ee3\u306f\u5148\u9032\u56fd\u3067\u3082\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u8a3c\u660e\u3059\u308b\u610f\u5473\u3067\u7d4c\u6e08\u5b66\u7684\u306b\u306f\u975e\u5e38\u306b\u8208\u5473\u6df1\u3044\u3002\u3057\u304b\u3057\u30a4\u30f3\u30d5\u30ec\u306e\u6642\u4ee3\u3068\u306f\u3069\u3046\u3044\u3046\u3082\u306e\u3060\u308d\u3046\u304b\u3002\u30c7\u30d5\u30ec\u306b\u6163\u308c\u3066\u4e45\u3057\u3044\u73fe\u4ee3\u4eba\u306b\u306f\u9060\u3044\u8a18\u61b6\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u306e\u5fc3\u7406<\/strong><\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3068\u306f\u7d19\u5e63\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u7269\u4fa1\u304c\u4e0a\u304c\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u5f53\u6642\u306e\u69d8\u5b50\u304c\u3069\u3046\u3044\u3046\u3082\u306e\u3060\u3063\u305f\u306e\u304b\u306f\u5f53\u6642\u3082\u30a2\u30e1\u30ea\u30ab\u306b\u4f4f\u3093\u3067\u30a6\u30a9\u30fc\u30eb\u8857\u3067\u50cd\u3044\u3066\u3044\u305f\u30c0\u30ea\u30aa\u6c0f\u306e\u7d4c\u9a13\u3092\u805e\u304f\u306e\u304c\u826f\u3044\u3060\u308d\u3046\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u3046\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u308f\u305f\u3057\u306f\u30a4\u30f3\u30d5\u30ec\u306e\u5fc3\u7406\u3068\u3044\u3046\u3082\u306e\u3092\u3088\u304f\u899a\u3048\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u4eba\u306f\u3053\u305e\u3063\u3066\u501f\u91d1\u3092\u3057\u305f\u304c\u308a\u3001\u7d66\u6599\u65e5\u306b\u306a\u308b\u3084\u5426\u3084\u300c\u30a4\u30f3\u30d5\u30ec\u306b\u5148\u56de\u308a\u3059\u308b\u300d\u305f\u3081\u306b\u7269\u54c1\u3092\u8cb7\u3044\u6f01\u3063\u305f\u3002<\/p><\/blockquote>\n\n\n\n<p>1970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u6642\u4ee3\u3001\u4eba\u3005\u306f\u7269\u54c1\u3092\u8cb7\u3044\u6f01\u3063\u305f\u3002\u3057\u304b\u3057\u8c4a\u304b\u306b\u306f\u306a\u3089\u306a\u304b\u3063\u305f\u3002\u7269\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u304b\u3089\u4eba\u3005\u306f\u7269\u3092\u8cb7\u3044\u6f01\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7d19\u5e63\u306e\u4fa1\u5024\u304c\u66b4\u843d\u3059\u308b\u6642\u4ee3\u306b\u306f\u8cc7\u7523\u4fa1\u5024\u3092\u4fdd\u5b58\u3067\u304d\u308b\u5225\u306e\u3082\u306e\u304c\u30d6\u30fc\u30e0\u306b\u306a\u308b\u3002\u7d50\u679c\u3001\u91d1\u4fa1\u683c\u306f\u66b4\u9a30\u3057\u305f\u3002\u3082\u3046\u4e00\u5ea6\u5f53\u6642\u306e\u91d1\u4fa1\u683c\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u3066\u304a\u3053\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"524\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1970-1973-gold-price-chart-1.png\" alt=\"\" class=\"wp-image-11717\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1970-1973-gold-price-chart-1.png 524w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1970-1973-gold-price-chart-1-300x268.png 300w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\" \/><\/figure>\n\n\n\n<p>\u3057\u304b\u3057\u682a\u4fa1\u306f\u3069\u3046\u306a\u3063\u305f\u3060\u308d\u3046\u304b\u3002\u30a4\u30f3\u30d5\u30ec\u306f1972\u5e74\u304b\u3089\u6025\u6fc0\u306b\u60aa\u5316\u3057\u3066\u3044\u308b\u304c\u3001\u682a\u4fa1\u306f\u305d\u308c\u306b\u547c\u5fdc\u3057\u3066\u4e0b\u843d\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"524\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1971-1975-nasdaq-composite-chart.png\" alt=\"\" class=\"wp-image-11690\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1971-1975-nasdaq-composite-chart.png 524w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1971-1975-nasdaq-composite-chart-300x268.png 300w\" sizes=\"auto, (max-width: 524px) 100vw, 524px\" \/><\/figure>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3068\u306f\u7d19\u5e63\u306e\u4fa1\u5024\u304c\u4e0b\u843d\u3059\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u3059\u3079\u3066\u306e\u3082\u306e\u306e\u5024\u6bb5\u304c\u4e0a\u304c\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u682a\u4fa1\u306f\u4e0b\u843d\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u7406\u7531\u306f\u30c0\u30ea\u30aa\u6c0f\u306b\u3088\u308b\u4e0a\u8a18\u306e\u63cf\u5199\u3092\u8aad\u3081\u3070\u3088\u308a\u5206\u304b\u308a\u3084\u3059\u3044\u3060\u308d\u3046\u3002\u5f53\u6642\u306e\u30a2\u30e1\u30ea\u30ab\u56fd\u6c11\u306f\u6bce\u5e74\u9ad8\u304f\u306a\u3063\u3066\u3086\u304f\u751f\u6d3b\u7269\u8cc7\u3092\u8cb7\u3044\u96c6\u3081\u308b\u3053\u3068\u3067\u5fc5\u6b7b\u306b\u306a\u308a\u3001\u682a\u5f0f\u306a\u3069\u8cb7\u3063\u3066\u3044\u308b\u5834\u5408\u3067\u306f\u306a\u304f\u306a\u3063\u305f\u306e\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306e\u6642\u4ee3\u306b\u3082\u3059\u3079\u3066\u306e\u5024\u6bb5\u304c\u4e0a\u6607\u3059\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u306e\u306f\u8208\u5473\u6df1\u3044\u4e8b\u5b9f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4fa1\u5024\u304c\u4e0b\u843d\u3057\u3066\u3044\u308b\u30c9\u30eb\u7d19\u5e63\u3067\u63db\u7b97\u3057\u3066\u682a\u4fa1\u304c\u534a\u5206\u306b\u307e\u3067\u4e0b\u843d\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u5b9f\u8cea\u30d9\u30fc\u30b9\u3067\u306f\u682a\u5f0f\u306e\u4fa1\u5024\u306f\u307b\u3068\u3093\u3069\u7d19\u5207\u308c\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306e\u7b2c1\u6ce2\u304c\u53ce\u307e\u308a\u59cb\u3081\u305f1975\u5e74\u304b\u3089\u306f\u682a\u4fa1\u306f\u4e00\u5ea6\u6301\u3061\u76f4\u3057\u305f\u3002\u5f53\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u540c\u3058\u3088\u3046\u306b\u63b2\u8f09\u3057\u3066\u304a\u3053\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"555\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1970s-us-inflation-rate-chart.png\" alt=\"\" class=\"wp-image-11687\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1970s-us-inflation-rate-chart.png 555w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1970s-us-inflation-rate-chart-300x253.png 300w\" sizes=\"auto, (max-width: 555px) 100vw, 555px\" \/><\/figure>\n\n\n\n<p>\u3057\u304b\u3057\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306e\u30d4\u30fc\u30af\u3068\u306a\u308b1980\u5e74\u306e\u524d\u5f8c\u306b\u306f\u682a\u5f0f\u5e02\u5834\u306f\u518d\u3073\u6fc0\u3057\u3044\u5024\u52d5\u304d\u3092\u898b\u305b\u308b\u3053\u3068\u3068\u306a\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577<\/strong><\/p>\n\n\n\n<p>1979\u5e74\u3001\u30ab\u30fc\u30bf\u30fc\u653f\u6a29\u306e\u5143\u3067\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u304c\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u306e\u8b70\u9577\u306b\u9078\u51fa\u3055\u308c\u305f\u3002\u30dc\u30eb\u30ab\u30fc\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u3048\u308b\u305f\u3081\u306b\u653f\u7b56\u91d1\u5229\u309220%\u307e\u3067\u5f15\u304d\u4e0a\u3052\u305f\u3002\u73fe\u5728\u3067\u306f\u8003\u3048\u3089\u308c\u306a\u3044\u6c34\u6e96\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u3046\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u91d1\u878d\u653f\u7b56\u306b\u3088\u3063\u3066\u5f15\u304d\u8d77\u3053\u3055\u308c\u305f\u30a4\u30f3\u30d5\u30ec\u5371\u6a5f\u306b\u5bfe\u6297\u3059\u308b\u305f\u3081\u306b\u30dc\u30eb\u30ab\u30fc\u6c0f\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u306a\u3063\u305f\u3002\u305d\u306e\u305f\u3081\u91d1\u5229\u306f\u30c9\u30a4\u30c4\u306e\u30b7\u30e5\u30df\u30c3\u30c8\u9996\u76f8\u304c\u300c\u30a4\u30a8\u30b9\u30fb\u30ad\u30ea\u30b9\u30c8\u4ee5\u6765\u300d\u3068\u547c\u3093\u3060\u6c34\u6e96\u307e\u3067\u9ad8\u9a30\u3057\u305f\u3002<\/p><cite>\u5b9f\u969b\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u6700\u9ad8\u3067\u308215%\u306b\u6e80\u305f\u306a\u304b\u3063\u305f\u306e\u3060\u304b\u3089\u300120%\u306f\u30a4\u30f3\u30d5\u30ec\u306e\u6642\u4ee3\u3067\u3082\u304b\u306a\u308a\u306e\u9ad8\u91d1\u5229\u3067\u3042\u308b\u3002\u4eca\u306e\u91d1\u878d\u5e02\u5834\u304c\u4f4e\u91d1\u5229\u3067\u652f\u3048\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3082\u5206\u304b\u308b\u901a\u308a\u3001\u3053\u308c\u307b\u3069\u306e\u9ad8\u91d1\u5229\u304c\u682a\u5f0f\u5e02\u5834\u3092\u5d29\u58ca\u3055\u305b\u306a\u3044\u306f\u305a\u306f\u306a\u3044\u3002<\/cite><\/blockquote>\n\n\n\n<p>\u7d50\u679c\u30011980\u5e74\u524d\u5f8c\u306e\u682a\u5f0f\u5e02\u5834\u306f\u30dc\u30eb\u30ab\u30fc\u6c0f\u306e\u52d5\u304d\u306b\u7ffb\u5f04\u3055\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u307e\u305a\u30dc\u30eb\u30ab\u30fc\u6c0f\u304c\u653f\u7b56\u91d1\u5229\u3092\u3069\u3046\u52d5\u304b\u3057\u305f\u306e\u304b\u3092\u898b\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"513\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1979-1982-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-11721\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1979-1982-federal-funds-rate-chart.png 513w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1979-1982-federal-funds-rate-chart-300x274.png 300w\" sizes=\"auto, (max-width: 513px) 100vw, 513px\" \/><\/figure>\n\n\n\n<p>\u91d1\u5229\u306e\u6ce2\u306f2\u56de\u6765\u3066\u3044\u308b\u30021980\u5e74\u306e\u521d\u3081\u30681981\u5e74\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u682a\u5f0f\u5e02\u5834\u306f\u305d\u306e2\u5ea6\u306e\u6ce2\u306b\u7ffb\u5f04\u3055\u308c\u308b\u3088\u3046\u306b2\u5ea6\u4e0b\u843d\u76f8\u5834\u3092\u8fce\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"504\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1979-1982-nasdaq-composite-chart.png\" alt=\"\" class=\"wp-image-11720\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1979-1982-nasdaq-composite-chart.png 504w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/09\/1979-1982-nasdaq-composite-chart-300x279.png 300w\" sizes=\"auto, (max-width: 504px) 100vw, 504px\" \/><\/figure>\n\n\n\n<p>\u4f55\u3068\u3082\u6fc0\u3057\u3044\u5024\u52d5\u304d\u3067\u3042\u308b\u3002\u3057\u304b\u3082\u3053\u306e\u5024\u52d5\u304d\u306f\u6bce\u5e7410%\u3082\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u6700\u4e2d\u306b\u8d77\u3053\u3063\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u306e\u7d50\u679c<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u306b\u3088\u308b\u5f37\u70c8\u306a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u653f\u7b56\u306b\u3088\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u306f\u3053\u306e\u6642\u671f\u306b\u30d4\u30fc\u30af\u3092\u8fce\u3048\u308b\u3053\u3068\u3068\u306a\u3063\u305f\u3002\u3057\u304b\u3057\u7d50\u679c\u3068\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u77ed\u671f\u9593\u306b2\u5ea6\u306e\u666f\u6c17\u5f8c\u9000\u3092\u8fce\u3048\u3066\u304a\u308a\u3001\u305d\u306e\u3088\u3046\u306a\u53b3\u3057\u3044\u653f\u7b56\u304c\u653f\u6cbb\u7684\u4ee3\u511f\u306a\u3057\u306b\u884c\u3048\u308b\u306f\u305a\u306f\u306a\u3044\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u3046\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30dc\u30eb\u30ab\u30fc\u6c0f\u306f\u5f79\u76ee\u3092\u679c\u305f\u3057\u305f\u3002\u3057\u304b\u3057\u305d\u306e\u4ee3\u511f\u3068\u3057\u3066\u30ab\u30fc\u30bf\u30fc\u5927\u7d71\u9818\u306f\u8077\u3092\u5931\u3046\u3053\u3068\u3068\u306a\u3063\u305f\u3002<\/p><\/blockquote>\n\n\n\n<p>\u4e00\u65b9\u3067\u30dc\u30eb\u30ab\u30fc\u6c0f\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u306a\u3051\u308c\u3070\u30c9\u30eb\u306f\u305d\u306e\u307e\u307e\u81ea\u7531\u843d\u4e0b\u3092\u7d9a\u3051\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u65e2\u306b\u8987\u6a29\u3092\u5931\u3063\u3066\u3044\u305f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10592\" data-type=\"post\" data-id=\"10592\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u4e2d\u56fd\u304c\u8987\u6a29\u3092\u63e1\u308a\u30c9\u30eb\u306f\u57fa\u8ef8\u901a\u8ca8\u3067\u306a\u304f\u306a\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u7d19\u5e63\u5370\u5237\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u7e4b\u304c\u308b\u3068\u304d\u3001\u56fd\u6c11\u306f\u3069\u3061\u3089\u304b\u3092\u9078\u3070\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u6628\u5e74\u4ea1\u304f\u306a\u3063\u305f\u30dc\u30eb\u30ab\u30fc\u6c0f\u306f\u30c0\u30ea\u30aa\u6c0f\u3068\u3082\u500b\u4eba\u7684\u306a\u7e4b\u304c\u308a\u304c\u3042\u308a\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u30dc\u30eb\u30ab\u30fc\u6c0f\u306e\u3053\u3068\u3092\u6b21\u306e\u3088\u3046\u306b\u8a55\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u5e78\u3044\u306b\u3082\u308f\u305f\u3057\u306f\u30dc\u30eb\u30ab\u30fc\u6c0f\u3068\u500b\u4eba\u7684\u306a\u4ea4\u53cb\u3092\u7bc9\u304f\u3053\u3068\u304c\u3067\u304d\u305f\u3002\u5f7c\u306f\u5049\u5927\u306a\u4eba\u683c\u8005\u3067\u3042\u308a\u3001\u7d20\u6674\u3089\u3057\u3044\u80fd\u529b\u3068\u5f71\u97ff\u529b\u304c\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u8b19\u865a\u306a\u4eba\u7269\u3067\u3001\u30d2\u30fc\u30ed\u30fc\u3068\u547c\u3079\u308b\u4eba\u7269\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u4eca\u306e\u7d4c\u6e08\u754c\u306b\u304a\u3044\u3066\u53e4\u5178\u7684\u306a\u30d2\u30fc\u30ed\u30fc\u306e\u5178\u578b\u3060\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u73fe\u4ee3\u306e\u653f\u6cbb\u304c\u5f37\u70c8\u306a\u666f\u6c17\u5f8c\u9000\u304b\u901a\u8ca8\u66b4\u843d\u306e\u3069\u3061\u3089\u304b\u3092\u9078\u3070\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u305f\u3068\u304d\u3001\u3069\u3061\u3089\u3092\u9078\u3076\u3060\u308d\u3046\u304b\u3002\u305d\u308c\u306f\u305d\u308c\u3067\u898b\u3066\u307f\u305f\u3044\u5149\u666f\u3067\u306f\u3042\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10473\" data-type=\"post\" data-id=\"10473\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u653f\u5e9c\u304c\u91d1\u878d\u5371\u6a5f\u304b\u3089\u5b88\u3063\u3066\u304f\u308c\u308b\u3068\u601d\u3046\u306a<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u5f15\u304d\u7d9a\u304d1970\u5e74\u4ee3\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u6642\u4ee3\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,111],"tags":[102],"class_list":["post-11715","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/11715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=11715"}],"version-history":[{"count":15,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/11715\/revisions"}],"predecessor-version":[{"id":11734,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/11715\/revisions\/11734"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=11715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=11715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=11715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}