{"id":1357,"date":"2015-07-30T23:21:24","date_gmt":"2015-07-30T14:21:24","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=1357"},"modified":"2015-08-01T22:00:10","modified_gmt":"2015-08-01T13:00:10","slug":"%e7%b5%b6%e5%a5%bd%e8%aa%bf%e3%81%ae%e3%82%b0%e3%83%ad%e3%82%b9%e6%b0%8f%e3%81%a8%e4%b8%8d%e8%aa%bf%e7%b6%9a%e3%81%8d%e3%81%ae%e3%82%a2%e3%82%a4%e3%83%b3%e3%83%9b%e3%83%bc%e3%83%b3%e6%b0%8f-%e7%b1%b3","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1357","title":{"rendered":"\u7d76\u597d\u8abf\u306e\u30b0\u30ed\u30b9\u6c0f\u3068\u4e0d\u8abf\u7d9a\u304d\u306e\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f: \u7c73\u56fd\u5229\u4e0a\u3052\u3092\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u3069\u3046\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u304b\uff1f"},"content":{"rendered":"<p>\u53e4\u5de3\u306ePIMCO\u3092\u98db\u3073\u51fa\u3057\u3066Janus Capital\u306b\u79fb\u7c4d\u3057\u3066\u4ee5\u6765\u3001\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u7d76\u597d\u8abf\u3067\u3042\u308b\u3002<\/p>\n<p>\u30b0\u30ed\u30b9\u6c0f\u304c2015\u5e744\u6708\u306b\u300c\u30c9\u30a4\u30c4\u56fd\u50b5\u306f\u4e00\u751f\u306b\u4e00\u5ea6\u306e\u58f2\u308a\u5834\u300d\u767a\u8a00\u3092\u3057\u3066\u6570\u65e5\u5f8c\u3001\u30c9\u30a4\u30c4\u56fd\u50b5\u306f\u5927\u5e45\u306b\u6025\u843d\u3001\u5229\u56de\u308a\u306f\u6025\u4e0a\u6607\u3057\u305f\u3002\u66f4\u306b\u305d\u306e\u5f8c\u30b0\u30ed\u30b9\u6c0f\u306f\u4e2d\u56fd\u682a\u5b89\u3082\u4e88\u898b\u3057\u3001<a href=\"https:\/\/twitter.com\/JanusCapital\/status\/606096465354752000\" target=\"_blank\">Twitter<\/a>\u306b\u3066\u300c\u30c9\u30a4\u30c4\u56fd\u50b5\u306e\u6b21\u306f\u6df1\u5733\u7dcf\u5408\u6307\u6570\u3060\u300d\u3068\u8ff0\u3079\u305f\u3002\u305d\u306e\u5f8c\u4e2d\u56fd\u682a\u304c\u3069\u3046\u306a\u3063\u305f\u304b\u306f\u5468\u77e5\u306e\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u4e2d\u56fd\u682a\u306f\u653f\u5e9c\u306e\u4ecb\u5165\u304c\u539f\u56e0\u3067\u6025\u843d\u304b\u3089\u66b4\u843d\u3078: \u4e2d\u56fd\u682a\u30d0\u30d6\u30eb\u306e\u7d4c\u7def\u3068\u3001\u4f55\u6545\u4e8b\u614b\u304c\u60aa\u5316\u3057\u305f\u306e\u304b\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1260\">\u4e2d\u56fd\u682a\u306f\u653f\u5e9c\u306e\u4ecb\u5165\u304c\u539f\u56e0\u3067\u6025\u843d\u304b\u3089\u66b4\u843d\u3078: \u4e2d\u56fd\u682a\u30d0\u30d6\u30eb\u306e\u7d4c\u7def\u3068\u3001\u4f55\u6545\u4e8b\u614b\u304c\u60aa\u5316\u3057\u305f\u306e\u304b<\/a><\/li>\n<\/ul>\n<p>\u4e00\u65b9\u3067\u3001\u30b0\u30ea\u30fc\u30f3\u30e9\u30a4\u30c8\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb (NASDAQ:GLRE\u3001<a href=\"https:\/\/www.google.com\/finance?cid=713699\" target=\"_blank\">Google Finance<\/a>)\u306e\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u306f\u4e0d\u8abf\u7d9a\u304d\u3067\u3042\u308b\u3002<\/p>\n<p><!--more-->\u5148\u305a\u3001\u7a7a\u58f2\u308a\u3092\u63a8\u5968\u3057\u305fAmazon (NASDAQ:AMZN\u3001<a href=\"https:\/\/www.google.com\/finance?q=NASDAQ:AMZN\" target=\"_blank\">Google FInance<\/a>)\u306f2015\u5e74\u4e2d\u306b\u682a\u4fa1\u304c\u500d\u8fd1\u304f\u306b\u306a\u3063\u305f\u3002Amazon\u304c\u5fc5\u305a\u3057\u3082\u5272\u9ad8\u3067\u306f\u306a\u3044\u3053\u3068\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u30b0\u30ed\u30fc\u30b9\u682a\u3092\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u3067\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1279\">\u30b0\u30ed\u30fc\u30b9\u682a\u3092\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u5206\u6790\u3067\u8a55\u4fa1\u3059\u308b\u65b9\u6cd5<\/a><\/li>\n<\/ul>\n<p>\u307e\u305f\u6700\u5927\u306e\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u3067\u3042\u3063\u305fMicron Technology (NASDAQ:MU\u3001<a href=\"https:\/\/www.google.com\/finance?q=NASDAQ:MU\" target=\"_blank\">Google Finance<\/a>)\u304c\u5927\u5e45\u4e0b\u843d\u3068\u306a\u3063\u305f\u3002\u66f4\u306b\u3001<a href=\"http:\/\/www.bloomberg.co.jp\/news\/123-NS7H1S6JIJUR01.html\" target=\"_blank\">\u30d6\u30eb\u30fc\u30e0\u30d0\u30fc\u30b0<\/a>\u306b\u3088\u308c\u3070\u91d1\u76f8\u5834\u3067\u3082\u640d\u5931\u3092\u51fa\u3057\u305f\u3088\u3046\u3067\u3042\u308a\u3001\u30b0\u30ea\u30fc\u30f3\u30e9\u30a4\u30c8\u306e\u682a\u4fa1\u306f\u6700\u8fd1\u306b\u306a\u3063\u306610%\u8fd1\u304f\u4e0b\u843d\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><strong>\u91d1\u76f8\u5834\u3067\u306e\u8aad\u307f\u8aa4\u308a<\/strong><\/p>\n<p>\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u306f\u4e16\u754c\u7684\u306a\u91d1\u878d\u7de9\u548c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u3001\u91d1\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u305f\u3088\u3046\u3067\u3042\u308b\u3002\u5f7c\u306e\u898b\u65b9\u306f\u6b63\u3057\u3044\u304c\u30012015\u5e74\u4e2d\u76e4\u3067\u306e\u91d1\u306e\u8cb7\u3044\u304c\u6642\u671f\u5c1a\u65e9\u3067\u3042\u308b\u3053\u3068\u306f\u3001\u3053\u3053\u306e\u8aad\u8005\u3067\u3042\u308c\u3070\u5206\u304b\u3063\u3066\u3082\u3089\u3048\u308b\u3060\u308d\u3046\u3002\u91d1\u306e\u8cb7\u3044\u5834\u306f\u5229\u4e0a\u3052\u306e\u5f8c\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u91d1\u306f\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\uff1f: 2015\u5e74\u4ee5\u964d\u306e\u91d1\u878d\u5e02\u5834\u66b4\u843d\u3092\u9003\u308c\u308b\u305f\u3081\u306b\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1012\">\u91d1\u306f\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\uff1f: 2015\u5e74\u4ee5\u964d\u306e\u91d1\u878d\u5e02\u5834\u66b4\u843d\u3092\u9003\u308c\u308b\u305f\u3081\u306b<\/a><\/li>\n<li><a title=\"\u91d1\u4fa1\u683c\u6025\u843d: \u4fa1\u683c\u306e\u4e0b\u843d\u81ea\u4f53\u306f\u65e2\u5b9a\u8def\u7dda\u3082\u539f\u56e0\u306b\u65b0\u305f\u306a\u8981\u7d20\u3042\u308a\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1319\">\u91d1\u4fa1\u683c\u6025\u843d: \u4fa1\u683c\u306e\u4e0b\u843d\u81ea\u4f53\u306f\u65e2\u5b9a\u8def\u7dda\u3082\u539f\u56e0\u306b\u65b0\u305f\u306a\u8981\u7d20\u3042\u308a<\/a><\/li>\n<\/ul>\n<p>\u8981\u3059\u308b\u306b\u5f7c\u306f\u751f\u7c8b\u306e\u30ed\u30f3\u30b0\u30fb\u30b7\u30e7\u30fc\u30c8\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308a\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u30de\u30af\u30ed\u6226\u7565\u306f\u5f97\u624b\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>2015\u5e74\u306e\u3088\u3046\u306b\u30d0\u30d6\u30eb\u306b\u306a\u308a\u304b\u304b\u3063\u305f\u76f8\u5834\u306f\u3001\u5272\u9ad8\u3092\u7a7a\u58f2\u3063\u3066\u5272\u5b89\u3092\u8cb7\u3046\u30ed\u30f3\u30b0\u30fb\u30b7\u30e7\u30fc\u30c8\u6226\u7565\u306e\u6295\u8cc7\u5bb6\u306b\u306f\u96e3\u3057\u3044\u5c40\u9762\u3067\u3042\u308b\u3002\u5272\u9ad8\u306e\u3082\u306e\u306f\u305d\u308c\u4ee5\u4e0a\u306b\u4e0a\u6607\u3057\u3001\u5272\u5b89\u306e\u3082\u306e\u306f\u4e0a\u304c\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u304c\u3042\u308a\u3046\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u6e2c\u308b\u305f\u3081\u306b\u306f\u3001\u5272\u9ad8\u30fb\u5272\u5b89\u3067\u306f\u306a\u304f\u8cc7\u91d1\u306e\u6d41\u308c\u306b\u7740\u76ee\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p><strong>\u30b0\u30ed\u30b9\u6c0f\u306e\u5de7\u5999\u306a\u6295\u8cc7\u6226\u7565<\/strong><\/p>\n<p>\u3067\u306f\u3001\u4e2d\u56fd\u682a\u5b89\u3092\u4e88\u60f3\u3057\u305f\u30b0\u30ed\u30b9\u6c0f\u306f\u3069\u306e\u3088\u3046\u306a\u8cc7\u91d1\u306e\u6d41\u308c\u306b\u8ced\u3051\u305f\u306e\u304b\uff1f\u3000\u5f7c\u306f\u5b9f\u306e\u3068\u3053\u308d\u3001\u4e2d\u56fd\u682a\u3092\u7a7a\u58f2\u308a\u3057\u3066\u3044\u306a\u3044\u3002\u5f53\u5c40\u306b\u64cd\u4f5c\u3055\u308c\u304b\u306d\u306a\u3044\u4e2d\u56fd\u682a\u3092\u76f4\u63a5\u58f2\u308b\u306e\u306f\u30ea\u30b9\u30af\u304c\u9ad8\u904e\u304e\u308b\u3068\u5224\u65ad\u3057\u3066\u3001\u4e2d\u56fd\u682a\u5b89\u304b\u3089\u30ea\u30b9\u30af\u30aa\u30d5\u306e\u6d41\u308c\u3092\u4e88\u60f3\u3057\u3001\u4ee3\u308f\u308a\u306b\u5317\u7c73\u306e\u9ad8\u5229\u56de\u308a\u50b5\u3092\u7a7a\u58f2\u308a\u3057\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u5f7c\u306fCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08<a href=\"http:\/\/www.cnbc.com\/2015\/07\/29\/global-financial-markets-a-shell-game-bill-gross.html\" target=\"_blank\">\u82f1\u8a9e<\/a>\uff09\u3067\u300c\u5fc5\u305a\u3057\u3082\u4e2d\u56fd\u682a\u305d\u306e\u3082\u306e\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u5fc5\u8981\u306f\u306a\u304f\u3001\u30ea\u30b9\u30af\u30aa\u30d5\u3092\u5229\u7528\u3059\u308c\u3070\u3088\u3044\u300d\u3068\u8ff0\u3079\u3066\u3044\u308b\u3002\u4e00\u3064\u306e\u30c8\u30ec\u30f3\u30c9\u306b\u8ced\u3051\u308b\u306b\u3057\u3066\u3082\u3001\u69d8\u3005\u306a\u3084\u308a\u65b9\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308a\u3001\u3082\u3063\u3068\u3082\u30ea\u30b9\u30af\u304c\u4f4e\u304f\u3001\u5229\u76ca\u304c\u9ad8\u3044\u3082\u306e\u3092\u9078\u3079\u3070\u826f\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u7c73\u56fd\u306e\u5229\u4e0a\u3052\u306b\u5411\u3051\u3066<\/strong><\/p>\n<p>\u7c73\u56fd\u306e\u5229\u4e0a\u3052\u3092\u63a7\u3048\u3001\u4e8c\u4eba\u306e\u6295\u8cc7\u5bb6\u306f\u3069\u3046\u3044\u3046\u6226\u7565\u3092\u53d6\u3063\u3066\u3044\u308b\u306e\u304b\uff1f<\/p>\n<p>\u5148\u305a\u3001\u30ed\u30f3\u30b0\u30fb\u30b7\u30e7\u30fc\u30c8\u6226\u7565\u306e\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u306f\u3001\u30b7\u30e7\u30fc\u30c8\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u5272\u5408\u3092\u5897\u3084\u3057\u3001\u30ed\u30f3\u30b0\u306b\u50be\u304d\u3059\u304e\u306a\u3044\u3088\u3046\u306b\u3059\u308b\u6226\u7565\u3092\u53d6\u3063\u3066\u3044\u308b\u3002\u4ee5\u524d\u7d39\u4ecb\u3057\u305f\u3088\u3046\u306b\u30016\u6708\u672b\u306e\u6642\u70b9\u3067\u30b0\u30ea\u30fc\u30f3\u30e9\u30a4\u30c8\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u5dee\u3057\u5f15\u304d17%\u306e\u30ed\u30f3\u30b0\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a title=\"2015\u5e742Q\u3001\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u306e\u30b0\u30ea\u30fc\u30f3\u30e9\u30a4\u30c8\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u6295\u8cc7\u5bb6\u5411\u3051\u66f8\u7c21: Netflix\u3001Micron\u3001\u30ae\u30ea\u30b7\u30e3\u554f\u984c\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1273\">2015\u5e742Q\u3001\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u306e\u30b0\u30ea\u30fc\u30f3\u30e9\u30a4\u30c8\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u6295\u8cc7\u5bb6\u5411\u3051\u66f8\u7c21: Netflix\u3001Micron\u3001\u30ae\u30ea\u30b7\u30e3\u554f\u984c<\/a><\/li>\n<\/ul>\n<p>\u3061\u306a\u307f\u306b\u308f\u305f\u3057\u81ea\u8eab\u306e\u73fe\u5728\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u682a\u5f0f\u306b\u95a2\u3057\u3066\u8a00\u3048\u3070\u30b7\u30e7\u30fc\u30c8\u306e\u65b9\u304c\u3084\u3084\u591a\u3044\u3002\u73fe\u5728\u306e\u682a\u5f0f\u5e02\u5834\u306b\u306f\u3001\u8cc7\u7523\u682a\u3084\u8a3c\u5238\u682a\u3092\u9664\u3044\u3066\u3001\u8cb7\u3046\u7406\u7531\u306e\u3042\u308b\u9298\u67c4\u304c\u307b\u3068\u3093\u3069\u898b\u5f53\u305f\u3089\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u30b0\u30ed\u30b9\u6c0f\u306e\u63d0\u6848<\/strong><\/p>\n<p><a href=\"https:\/\/twitter.com\/JanusCapital\/status\/626388953910808577\" target=\"_blank\">Twitter<\/a>\u306b\u3088\u308c\u3070\u3001\u30b0\u30ed\u30b9\u6c0f\u306f\u3088\u308a\u6975\u7aef\u306b\u3001\u73fe\u5728\u306e\u91d1\u878d\u5e02\u5834\u306f\u3059\u3079\u3066\u5f53\u5c40\u306b\u3088\u3063\u3066\u64cd\u4f5c\u3055\u308c\u305f\u51fa\u9c48\u76ee\u3067\u3042\u308a\u3001\u672c\u5f53\u306e\u4fa1\u683c\u306a\u3069\u3069\u306e\u5e02\u5834\u3067\u3082\u4ed8\u3044\u3066\u3044\u306a\u3044\u3068\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<p>\u30b0\u30ed\u30b9\u6c0f\u306b\u3088\u308c\u3070\u3053\u306e\u3088\u3046\u306a\u30ec\u30fc\u30b9\u306b\u306f\u4e57\u3089\u306a\u3044\u3053\u3068\u3067\u3042\u308a\u3001\u4f8b\u3048\u3070\u91d1\u5229\u5dee\u306b\u7740\u76ee\u3057\u3066\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u306a\u3069\u3001\u91cf\u7684\u7de9\u548c\u76f8\u5834\u306b\u771f\u3063\u5411\u304b\u3089\u6311\u307e\u306a\u3044\u65b9\u6cd5\u3092\u63a2\u3059\u3053\u3068\u3060\u3068\u8ff0\u3079\u3066\u3044\u308b\u3002\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u5f7c\u3089\u3057\u3044\u610f\u898b\u3067\u3042\u308b\u3002<\/p>\n<p>\u5f53\u5c40\u306b\u64cd\u4f5c\u3055\u308c\u305f\u5e02\u5834\u3092\u907f\u3051\u308b\u305f\u3081\u306b\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u3088\u308a\u53c2\u52a0\u3057\u3084\u3059\u3044\u30bb\u30af\u30bf\u30fc\u3092\u308f\u305f\u3057\u304b\u3089\u6319\u3052\u308b\u3068\u3059\u308c\u3070\u3001\u4f8b\u3048\u3070\u30d0\u30d6\u30eb\u306b\u306a\u3063\u3066\u3044\u306a\u3044\u5c0f\u578b\u682a\u306a\u3069\u3060\u308d\u3046\u3002\u5f53\u5c40\u306e\u3088\u3046\u306a\u5de8\u5927\u306a\u8cc7\u91d1\u306e\u624b\u306e\u5c4a\u304b\u306a\u3044\u3068\u3053\u308d\u3067\u30c8\u30ec\u30fc\u30c9\u3092\u3059\u308b\u306e\u304c\u3001\u30b0\u30ed\u30b9\u6c0f\u306e\u6d41\u5100\u3067\u8a00\u3048\u3070\u8ce2\u660e\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u306a\u304c\u3089\u3001\u5f53\u5c40\u3068\u771f\u3063\u5411\u304b\u3089\u52dd\u8ca0\u3092\u3059\u308b\u306e\u304c\u30b0\u30ed\u30fc\u30d0\u30eb\u30de\u30af\u30ed\u306e\u6d41\u5100\u3067\u3082\u3042\u308b\u3002\u3057\u304b\u3057\u305d\u306e\u6642\u671f\u306f\u4eca\u3067\u306f\u306a\u3044\u3002\u3053\u308c\u307e\u3067\u3082\u8ff0\u3079\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u5229\u4e0a\u3052\u3092\u6a5f\u4f1a\u306b\u5e02\u5834\u306f\u4e00\u5ea6\u6025\u843d\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u305d\u308c\u306f\u672c\u5f53\u306e\u66b4\u843d\u3067\u306f\u306a\u3044\u3002\u7a7a\u58f2\u308a\u306e\u6a5f\u4f1a\u306f\u307e\u3060\u5148\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u308c\u307e\u3067\u4f55\u5ea6\u3082\u63a8\u5968\u3057\u3066\u304d\u305f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u3057\u3063\u304b\u308a\u8aad\u3093\u3067\u3001\u66b4\u843d\u304c\u6765\u305f\u6642\u306b\u3001\u305d\u308c\u304c\u672c\u5f53\u306e\u66b4\u843d\u304b\u3069\u3046\u304b\u898b\u5206\u3051\u3089\u308c\u308b\u3088\u3046\u306b\u3057\u3066\u304a\u3044\u3066\u6b32\u3057\u3044\u3068\u601d\u3046\u3002<\/p>\n<ul>\n<li><a title=\"2015\u5e74\u3001\u91d1\u878d\u5e02\u5834\u306f\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u7d42\u4e86\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/669\">2015\u5e74\u3001\u91d1\u878d\u5e02\u5834\u306f\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u7d42\u4e86\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u53e4\u5de3\u306ePIMCO\u3092\u98db\u3073\u51fa\u3057\u3066Janus Capital\u306b\u79fb\u7c4d\u3057\u3066\u4ee5\u6765\u3001\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u7d76\u597d\u8abf\u3067\u3042\u308b\u3002 \u30b0\u30ed\u30b9\u6c0f\u304c2015\u5e744\u6708\u306b\u300c\u30c9\u30a4\u30c4\u56fd\u50b5\u306f\u4e00\u751f\u306b\u4e00\u5ea6\u306e\u58f2\u308a\u5834\u300d\u767a\u8a00\u3092\u3057\u3066\u6570\u65e5\u5f8c\u3001\u30c9\u30a4\u30c4\u56fd\u50b5\u306f\u5927\u5e45\u306b\u6025\u843d\u3001\u5229\u56de\u308a\u306f\u6025 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1357\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u7d76\u597d\u8abf\u306e\u30b0\u30ed\u30b9\u6c0f\u3068\u4e0d\u8abf\u7d9a\u304d\u306e\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f: \u7c73\u56fd\u5229\u4e0a\u3052\u3092\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u3069\u3046\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u304b\uff1f<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[60,68,78],"class_list":["post-1357","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","tag-david-einhorn","tag-micron-technology-nasdaq-mu","tag-bill-gross"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1357","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=1357"}],"version-history":[{"count":3,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1357\/revisions"}],"predecessor-version":[{"id":1361,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1357\/revisions\/1361"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=1357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=1357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=1357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}