{"id":12581,"date":"2021-02-26T20:01:00","date_gmt":"2021-02-26T11:01:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=12581"},"modified":"2021-02-26T16:03:39","modified_gmt":"2021-02-26T07:03:39","slug":"%e3%82%b8%e3%83%a0%e3%83%bb%e3%83%ad%e3%82%b8%e3%83%a3%e3%83%bc%e3%82%ba%e6%b0%8f-%e7%89%a9%e4%be%a1%e9%ab%98%e9%a8%b0%e3%81%ab%e3%81%aa%e3%82%8c%e3%81%b0%e4%b8%ad%e5%a4%ae%e9%8a%80%e8%a1%8c%e3%81%af","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12581","title":{"rendered":"\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f: \u7269\u4fa1\u9ad8\u9a30\u306b\u306a\u308c\u3070\u4e2d\u592e\u9280\u884c\u306f\u7de9\u548c\u3092\u6b62\u3081\u308b\u304b"},"content":{"rendered":"\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3068\u3068\u3082\u306b\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u7acb\u3061\u4e0a\u3052\u4f1d\u8aac\u7684\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e0a\u3052\u305f\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u304c\u4eca\u5e02\u5834\u3067\u61f8\u5ff5\u3055\u308c\u3066\u3044\u308b\u30a4\u30f3\u30d5\u30ec\u3068\u305d\u306e\u5f8c\u306e\u91d1\u878d\u653f\u7b56\u306b\u3064\u3044\u3066The Deep Dive\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30b3\u30ed\u30ca\u3068\u30a4\u30f3\u30d5\u30ec<\/strong><\/p>\n\n\n\n<p>\u65b0\u578b\u30b3\u30ed\u30ca\u306b\u3088\u308b\u666f\u6c17\u5f8c\u9000\u3092\u6253\u5012\u3059\u308b\u305f\u3081\u653f\u5e9c\u304c\u884c\u306a\u3063\u305f\u91d1\u878d\u7de9\u548c\u3068\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u308a\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u61f8\u5ff5\u3055\u308c\u3066\u3044\u308b\u3002\u6700\u65b01\u6708\u306e\u7269\u4fa1\u4e0a\u6607\u7387\u306f\u524d\u6708\u6bd4\u5e74\u7387\u30673.1%\u3068\u306a\u308a\u3001\u524d\u6708\u6bd4\u306e\u6570\u5b57\u304c\u5e74\u9593\u3092\u901a\u3057\u3066\u7d9a\u304f\u4fdd\u8a3c\u306f\u306a\u3044\u3082\u306e\u306e\u3001\u3053\u306e\u30da\u30fc\u30b9\u3067\u7269\u4fa1\u304c\u5e74\u9593\u901a\u3057\u3066\u4e0a\u304c\u308a\u7d9a\u3051\u308c\u3070\u4e2d\u592e\u9280\u884c\u306e\u7269\u4fa1\u76ee\u6a19\u3067\u3042\u308b2%\u3092\u8efd\u3005\u3068\u8d85\u3048\u3066\u3086\u304f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12500\" data-type=\"post\" data-id=\"12500\">\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3001\u6839\u62e0\u4e0d\u660e\u306e2%\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u306b\u56fa\u57f7\u3001\u7269\u4fa1\u9ad8\u9a30\u306f\u4e0d\u53ef\u907f<\/a><\/li><\/ul>\n\n\n\n<p>\u91cd\u8981\u306a\u306e\u306f\u73fe\u72b6\u306e\u6570\u5b57\u3067\u306f\u306a\u304f\u3001\u6570\u5b57\u304c\u305d\u3046\u306a\u3063\u305f\u539f\u56e0\u3067\u3042\u308b\u3002\u30b3\u30ed\u30ca\u798d\u306e\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u305f\u7d4c\u6e08\u3092\u91d1\u878d\u7de9\u548c\u3068\u73fe\u91d1\u7d66\u4ed8\u3067\u7121\u7406\u77e2\u7406\u6301\u3061\u4e0a\u3052\u3088\u3046\u3068\u3057\u305f\u3053\u3068\u304c\u30a4\u30f3\u30d5\u30ec\u306e\u539f\u56e0\u3067\u3042\u308c\u3070\u3001\u4e2d\u592e\u9280\u884c\u304c\u7de9\u548c\u3092\u7d9a\u3051\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u304c1.9\u5146\u30c9\u30eb\u306e\u523a\u6fc0\u7b56\u3092\u8b1b\u3058\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u4ee5\u4e0a\u3001\u4eca\u5f8c\u3082\u7269\u4fa1\u4e0a\u6607\u306f\u907f\u3051\u3089\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u3092\u80cc\u666f\u306b\u91d1\u878d\u5e02\u5834\u3067\u306f\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306f\u539f\u6cb9\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-wti-crude-oil-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"378\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-wti-crude-oil-chart.png\" alt=\"\" class=\"wp-image-12593\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-wti-crude-oil-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-wti-crude-oil-chart-300x185.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>\u539f\u6cb9\u306e\u9700\u8981\u306f\u30b3\u30ed\u30ca\u3067\u4eca\u3082\u4e0b\u304c\u3063\u3066\u3044\u308b\u304c\u3001\u305d\u308c\u3067\u3082\u3053\u3053\u307e\u3067\u6301\u3061\u76f4\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e02\u5834\u3067\u306f\u539f\u6cb9\u306f\u3080\u3057\u308d\u4e0a\u304c\u3063\u3066\u3044\u306a\u3044\u90e8\u985e\u3067\u3042\u308b\u3002\u6b21\u306f\u9285\u3092\u898b\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-copper-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"378\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-copper-chart.png\" alt=\"\" class=\"wp-image-12594\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-copper-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-copper-chart-300x185.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>\u5e95\u5024\u304b\u3089\u500d\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3088\u308a\u6d88\u8cbb\u8005\u306b\u8fd1\u3044\u7a40\u7269\u4fa1\u683c\u3082\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306f\u5927\u8c46\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-soybean-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"378\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-soybean-chart.png\" alt=\"\" class=\"wp-image-12596\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-soybean-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-26-soybean-chart-300x185.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u3061\u3089\u308250%\u4ee5\u4e0a\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u72b6\u6cc1\u304c\u3044\u305a\u308c\u65e5\u7528\u54c1\u306b\u3082\u6ce2\u53ca\u3059\u308b\u304b\u3069\u3046\u304b\u3092\u805e\u304b\u308c\u3001\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7b54\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u653f\u5e9c\u304c\u83ab\u5927\u306a\u91d1\u984d\u306e\u7d19\u5e63\u3092\u5370\u5237\u3057\u50b5\u52d9\u3092\u5897\u3084\u3059\u3068\u3001\u6b74\u53f2\u7684\u306b\u306f\u5fc5\u305a\u7269\u4fa1\u306f\u9ad8\u9a30\u3057\u305f\u3002\uff08\u7b11\u3044\u306a\u304c\u3089\uff09\u3082\u3057\u304b\u3057\u305f\u3089\u4eca\u56de\u306f\u9055\u3046\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u3060\u304c\u8ab0\u3082\u304c\u77e5\u308b\u901a\u308a\u300c\u4eca\u56de\u306f\u9055\u3046\u300d\u306f\u76f8\u5834\u3067\u306f\u5371\u967a\u306a\u30d5\u30ec\u30fc\u30ba\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3053\u306e\u898b\u901a\u3057\u3092\u8ab0\u3088\u308a\u3082\u65e9\u304f\u60f3\u8d77\u3057\u305f\u306e\u304cBridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3060\u308d\u3046\u3002\u5f7c\u306f2020\u5e741\u6708\u306b\u65b0\u578b\u30b3\u30ed\u30ca\u304c\u767a\u898b\u3055\u308c\u3066\u304b\u3089\u6570\u30ab\u6708\u5f8c\u306b\u306f\u30aa\u30e9\u30f3\u30c0\u6d77\u6d0b\u5e1d\u56fd\u3084\u5927\u82f1\u5e1d\u56fd\u306b\u304a\u3051\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u7814\u7a76\u3092\u59cb\u3081\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10903\" data-type=\"post\" data-id=\"10903\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u91cf\u7684\u7de9\u548c\u3067\u66b4\u843d\u3057\u305f\u4e16\u754c\u521d\u306e\u57fa\u8ef8\u901a\u8ca8<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10953\" data-type=\"post\" data-id=\"10953\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u5927\u82f1\u5e1d\u56fd\u306e\u57fa\u8ef8\u901a\u8ca8\u30dd\u30f3\u30c9\u306f\u3044\u304b\u306b\u66b4\u843d\u3057\u305f\u304b<\/a><\/li><\/ul>\n\n\n\n<p>\u30b3\u30ed\u30ca\u3068\u3044\u3046\u5de8\u5927\u306a\u7d4c\u6e08\u30c8\u30ec\u30f3\u30c9\u306b\u3088\u3063\u3066\u73fe\u4ee3\u306e\u57fa\u8ef8\u901a\u8ca8\u3067\u3042\u308b\u30c9\u30eb\u306b\u3082\u8a66\u7df4\u306e\u6642\u304c\u6765\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7269\u4fa1\u304c\u9ad8\u9a30\u3059\u308c\u3070\u4e2d\u592e\u9280\u884c\u306f\u3069\u3046\u3059\u308b\uff1f<\/strong><\/p>\n\n\n\n<p>\u7269\u4fa1\u306e\u756a\u4eba\u3067\u3042\u308b\u4e2d\u592e\u9280\u884c\u306f\u3069\u3046\u3059\u308b\u3060\u308d\u3046\u304b\u3002Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u3053\u3046\u3057\u305f\u72b6\u6cc1\u3092\u53d7\u3051\u3066\u3082\u7de9\u548c\u3092\u7e2e\u5c0f\u3057\u306a\u3044\u65b9\u91dd\u3092\u8b70\u4f1a\u8a3c\u8a00\u3067\u8868\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12500\" data-type=\"post\" data-id=\"12500\">\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3001\u6839\u62e0\u4e0d\u660e\u306e2%\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u306b\u56fa\u57f7\u3001\u7269\u4fa1\u9ad8\u9a30\u306f\u4e0d\u53ef\u907f<\/a><\/li><\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u3053\u306e\u898f\u6a21\u306e\u91d1\u878d\u7de9\u548c\u3068\u8ca1\u653f\u51fa\u52d5\u304c\u7dad\u6301\u3055\u308c\u308b\u9650\u308a\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u3044\u305a\u308c\u5e74\u9593\u306e\u6570\u5b57\u30672%\u3092\u8d85\u3048\u3066\u6b62\u307e\u3089\u306a\u304f\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u554f\u984c\u306f\u73fe\u4ee3\u306e\u6295\u8cc7\u5bb6\u306e\u5927\u534a\u304c\u305d\u3046\u3044\u3046\u72b6\u6cc1\u3092\u7d4c\u9a13\u3057\u305f\u3053\u3068\u304c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u5148\u9032\u56fd\u306b\u3082\u7269\u4fa1\u9ad8\u9a30\u306f\u751f\u3058\u308b\u30021970\u5e74\u4ee3\u304b\u308980\u5e74\u4ee3\u306b\u304b\u3051\u3066\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u7269\u4fa1\u304c\u5e74\u959310%\u3092\u8d85\u3048\u3066\u4e0a\u6607\u3057\u305f\u304c\u3001\u305d\u306e\u6642\u306b\u306f\u5f53\u6642\u306eFed\u306e\u8b70\u9577\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u304c\u653f\u7b56\u91d1\u5229\u309220%\u8fd1\u304f\u307e\u3067\u4e0a\u3052\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u6483\u9000\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u5f53\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u653f\u7b56\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"488\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-12634\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart.png 488w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/1970-1985-us-inflation-rate-and-federal-funds-rate-chart-300x288.png 300w\" sizes=\"auto, (max-width: 488px) 100vw, 488px\" \/><\/a><\/figure>\n\n\n\n<p>\u4e09\u6bb5\u8df3\u3073\u3067\u4eca\u3067\u306f\u8003\u3048\u3089\u308c\u306a\u3044\u6c34\u6e96\u307e\u3067\u5229\u4e0a\u3052\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u306e\u6642\u7c73\u56fd\u682a\u306f\u5f53\u7136\u5229\u4e0a\u3052\u306e\u72a0\u7272\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11715\" data-type=\"post\" data-id=\"11715\">\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<\/a><\/li><\/ul>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306e\u5bfe\u4fa1\u3068\u306f\u305d\u3046\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30b3\u30ed\u30ca\u76f8\u5834\u3068\u7269\u4fa1\u9ad8\u9a30<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u4eca\u56de\u306f\u3069\u3046\u306a\u308b\u304b\u3002\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3082\u3057\u30a4\u30f3\u30d5\u30ec\u7387\u304c5%\u304b\u30898%\u307e\u3067\u9ad8\u9a30\u3057\u305f\u3068\u3059\u308c\u3070\u3001\u4e2d\u592e\u9280\u884c\u306f\u666e\u901a\u30a4\u30f3\u30d5\u30ec\u3092\u6b62\u3081\u3088\u3046\u3068\u3059\u308b\u306f\u305a\u3060\u3002<\/p><p>\u554f\u984c\u306f\u73fe\u4ee3\u306e\u591a\u304f\u306e\u4e2d\u592e\u9280\u884c\u3084\u5b66\u8005\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u554f\u984c\u8996\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u5f7c\u3089\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u554f\u984c\u306a\u3044\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u826f\u3044\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3053\u3053\u6570\u5341\u5e74\u306e\u9593\u3001\u7d4c\u6e08\u5b66\u8005\u3092\u540d\u4e57\u308b\u4eba\u3005\u306b\u3088\u308b\u300c\u30a4\u30f3\u30d5\u30ec\u306f\u826f\u3044\u300d\u306e\u639b\u3051\u58f0\u306e\u3082\u3068\u6839\u62e0\u4e0d\u660e\u306e2%\u3068\u3044\u3046\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u3092\u76ee\u639b\u3051\u3066\u4e2d\u592e\u9280\u884c\u306f\u91d1\u878d\u7de9\u548c\u3092\u884c\u306a\u3063\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11992\" data-type=\"post\" data-id=\"11992\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u4e3b\u7fa9\u306f\u975e\u79d1\u5b66\u7684\u8ff7\u4fe1<\/a><\/li><\/ul>\n\n\n\n<p>\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u306b\u304a\u3051\u308b\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u5f8c\u8f29\u306b\u3042\u305f\u308b\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u305d\u3046\u3057\u305f\u7de9\u548c\u3053\u305d\u304c\u666f\u6c17\u5f8c\u9000\u306e\u539f\u56e0\u3060\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7103\" data-type=\"post\" data-id=\"7103\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u91d1\u878d\u7de9\u548c\u3053\u305d\u304c\u30c7\u30d5\u30ec\u306e\u5143\u51f6<\/a><\/li><\/ul>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u304c2%\u3092\u8d85\u3048\u3066\u6b62\u307e\u3089\u306a\u304f\u306a\u308b\u6240\u307e\u3067\u306f\u30b0\u30ed\u30fc\u30d0\u30eb\u30de\u30af\u30ed\u306e\u6295\u8cc7\u5bb6\u3089\u306e\u9593\u3067\u306f\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u304c\u53d6\u308c\u3066\u3044\u308b\u3002\u554f\u984c\u306f\u305d\u306e\u5f8c\u4e2d\u592e\u9280\u884c\u304c\u3069\u3046\u3059\u308b\u304b\u3067\u3042\u308b\u3002\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u6b74\u53f2\u7684\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u308c\u3070\u4e2d\u592e\u9280\u884c\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u6b62\u3081\u308b\u305f\u3081\u306b\u51fa\u6765\u308b\u3053\u3068\u306f\u4f55\u3067\u3082\u3059\u308b\u306e\u304c\u666e\u901a\u3060\u3002\u3057\u304b\u3057\u4eca\u56de\u3069\u3046\u306a\u308b\u304b\u306f\u5206\u304b\u3089\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u8fd1\u8996\u306e\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306b\u306f\u898b\u3048\u3066\u3044\u306a\u3044\u3088\u3046\u3060\u304c\u3001\u4e2d\u9577\u671f\u7684\u306b\u306f\u4e2d\u592e\u9280\u884c\u306b\u306f\u3082\u3046\u4ee5\u4e0b\u306e2\u3064\u306e\u9078\u629e\u80a2\u3057\u304b\u6b8b\u3055\u308c\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u30a4\u30f3\u30d5\u30ec\u3092\u6b62\u3081\u308b\u305f\u3081\u306b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u306a\u3063\u3066\u682a\u5f0f\u5e02\u5834\u3092\u66b4\u843d\u3055\u305b\u308b<\/li><li>\u30a4\u30f3\u30d5\u30ec\u3092\u5bb9\u8a8d\u3057\u3066\u91d1\u878d\u7de9\u548c\u3092\u7d99\u7d9a\u3057\u30c9\u30eb\u3092\u66b4\u843d\u3055\u305b\u308b<\/li><\/ul>\n\n\n\n<p>Fed\u306f\u5f53\u9762\u306e\u9593\u306f\u5f8c\u8005\u306e\u9078\u629e\u80a2\u3092\u53d6\u308b\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u305d\u3046\u3067\u3042\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u76f8\u5834\u306e\u9577\u671f\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\u306f\u5f53\u9762\u306e\u9593\u7d99\u7d9a\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3092\u5927\u91cf\u306b\u8cb7\u3063\u3066\u3044\u308b\u306e\u3082\u305d\u3046\u3044\u3046\u7406\u7531\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12182\" data-type=\"post\" data-id=\"12182\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u7269\u4fa1\u9ad8\u9a30\u3092\u4e88\u60f3\u3001\u7c73\u56fd\u50b5\u3092\u7a7a\u58f2\u308a\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3092\u7206\u8cb7\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u308c\u304c\u5c11\u306a\u304f\u3068\u3082\u4eca\u5e74\u306e\u7d42\u308f\u308a\u9803\u307e\u3067\u306e\u30c8\u30ec\u30f3\u30c9\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3088\u308a\u8fd1\u8996\u3067\u306f\u306a\u3044\u6295\u8cc7\u5bb6\u306f\u305d\u306e\u5f8c\u306e\u3053\u3068\u3082\u8003\u3048\u3066\u304a\u3044\u3066\u826f\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u4e0a\u8a18\u306e\u4e8c\u8005\u629e\u4e00\u306e\u3046\u3061\u30c9\u30eb\u66b4\u843d\u30b7\u30ca\u30ea\u30aa\u306e\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10616\" data-type=\"post\" data-id=\"10616\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u91cf\u7684\u7de9\u548c\u3067\u4eba\u3005\u306f\u30ea\u30c3\u30c1\u306b\u306a\u3063\u305f\u3088\u3046\u306a\u6c17\u304c\u3059\u308b<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3068\u3068\u3082\u306b\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u7acb\u3061\u4e0a\u3052\u4f1d\u8aac\u7684\u306a\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e0a\u3052\u305f\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u304c\u4eca\u5e02\u5834\u3067\u61f8\u5ff5\u3055\u308c\u3066\u3044\u308b\u30a4\u30f3\u30d5\u30ec\u3068\u305d\u306e\u5f8c\u306e\u91d1\u878d\u653f\u7b56\u306b\u3064\u3044\u3066The Deep Dive\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\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":[118,108],"tags":[29],"class_list":["post-12581","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jim-rogers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/12581","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=12581"}],"version-history":[{"count":68,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/12581\/revisions"}],"predecessor-version":[{"id":12653,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/12581\/revisions\/12653"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=12581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=12581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=12581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}