{"id":1509,"date":"2015-09-11T07:07:25","date_gmt":"2015-09-10T22:07:25","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=1509"},"modified":"2015-09-11T07:07:25","modified_gmt":"2015-09-10T22:07:25","slug":"%e7%b1%b3%e5%9b%bd%e5%88%a9%e4%b8%8a%e3%81%92%e5%be%8c%e3%81%ae%e6%8a%95%e8%b3%87%e6%88%a6%e7%95%a5-%e6%a0%aa%e4%be%a1%e3%81%8c%e3%81%84%e3%81%9a%e3%82%8c%e6%9a%b4%e8%90%bd%e3%81%99%e3%82%8b%e7%90%86","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1509","title":{"rendered":"\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u6295\u8cc7\u6226\u7565: \u682a\u4fa1\u304c\u3044\u305a\u308c\u66b4\u843d\u3059\u308b\u7406\u7531\u3068\u70ba\u66ff\u3001\u50b5\u5238\u3001\u91d1\u304c\u3069\u3046\u306a\u308b\u304b"},"content":{"rendered":"<p>2015\u5e748\u6708\u306b\u682a\u5f0f\u5e02\u5834\u304c\u6025\u843d\u3057\u305f\u5f8c\u3001\u5e02\u5834\u306f\u3044\u307e\u3060\u8edf\u8abf\u3067\u3042\u308b\u304c\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u7d39\u4ecb\u3057\u305f\u901a\u308a\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u59ff\u52e2\u306f\u5909\u308f\u3089\u305a\u5229\u4e0a\u3052\u306b\u7a4d\u6975\u7684\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u4e16\u754c\u540c\u6642\u682a\u5b89\u304c\u53cd\u767a: \u30ea\u30d0\u30a6\u30f3\u30c9\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\uff1f\u30009\u6708\u306b\u7c73\u56fd\u306f\u5229\u4e0a\u3052\u3092\u3059\u308b\u306e\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1461\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u304c\u53cd\u767a: \u30ea\u30d0\u30a6\u30f3\u30c9\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\uff1f\u30009\u6708\u306b\u7c73\u56fd\u306f\u5229\u4e0a\u3052\u3092\u3059\u308b\u306e\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306a\u3069\u306f\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u518d\u958b\u3092\u671f\u5f85\u3057\u3066\u3044\u305f\u3088\u3046\u3060\u304c\u3001\u305d\u306e\u3088\u3046\u306a\u6295\u8cc7\u5bb6\u306e\u5e0c\u671b\u7684\u89b3\u6e2c\u304c\u5f53\u305f\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u3053\u3053\u3067\u4e00\u8cab\u3057\u3066\u4e3b\u5f35\u3057\u3066\u304d\u305f\u901a\u308a\u3067\u3042\u308b\u3002\u4e0a\u8a18\u306e\u8a18\u4e8b\u3067\u306f\u4e16\u754c\u540c\u6642\u682a\u5b89\u5f8c\u306e\u9023\u9280\u7dcf\u88c1\u305f\u3061\u306e\u767a\u8a00\u3092\u5f15\u7528\u3057\u305f\u304c\u3001\u305d\u308c\u3089\u306e\u767a\u8a00\u901a\u308a\u5e74\u5185\u5229\u4e0a\u3052\u306f\u65e2\u5b9a\u8def\u7dda\u3060\u3068\u898b\u308b\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n<p>\u3055\u3066\u3001\u3053\u308c\u3089\u306e\u72b6\u6cc1\u3092\u8e0f\u307e\u3048\u3066\u6295\u8cc7\u5bb6\u306f\u4eca\u5f8c\u306e\u6226\u7565\u3092\u8003\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u57fa\u672c\u7684\u306b\u306f\u3053\u3053\u306b\u4f55\u5ea6\u3082\u66f8\u3044\u3066\u304d\u305f\u901a\u308a\u306a\u306e\u3060\u304c\u3001\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8\u3092\u7e8f\u3081\u3066\u307f\u3088\u3046\u3002<\/p>\n<p><!--more--><strong>\u7c73\u56fd\u682a\u3068\u30c9\u30eb\u306e\u540c\u6642\u4e0a\u6607\u306f\u7d9a\u304b\u306a\u3044<\/strong><\/p>\n<p>\u30c9\u30eb\u304c\u4e0a\u304c\u308c\u3070\u4e0a\u304c\u308b\u307b\u3069\u7c73\u56fd\u306e\u8f38\u51fa\u682a\u306e\u58f2\u4e0a\u304c\u6e1b\u5c11\u3057\u3001\u7c73\u56fd\u682a\u304c\u4e0a\u304c\u308c\u3070\u4e0a\u304c\u308b\u307b\u3069\u3001Fed\u306f\u5229\u4e0a\u3052\u304c\u3084\u308a\u3084\u3059\u304f\u306a\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u7e8f\u3081\u308b\u3068\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u308b\u3002<\/p>\n<ul>\n<li>\u30c9\u30eb\u9ad8 -&gt; \u8f38\u51fa\u682a\u5b89<\/li>\n<li>\u682a\u9ad8 -&gt; \u5229\u4e0a\u3052 -&gt; \u682a\u5b89<\/li>\n<\/ul>\n<p>\u3053\u306e\u76f8\u5834\u89b3\u306f\u5148\u305a\u7b2c\u4e00\u306b\u7c73\u56fd\u682a\u306e\u30b7\u30e7\u30fc\u30c8\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6b63\u5f53\u5316\u3059\u308b\u3002\u7c73\u56fd\u682a\u304c\u4e07\u4e00\u4e0a\u6607\u3059\u308c\u3070\u305d\u308c\u306f\u58f2\u308a\u5834\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u7c73\u56fd\u682a\u306b\u3064\u3044\u3066\u306f\u4e0b\u843d\u524d\u304b\u3089S&amp;P 500\u306e\u7a7a\u58f2\u308a\u3092\u63a8\u5968\u3057\u3066\u304a\u308a\u3001\u500b\u4eba\u7684\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3082\u30ed\u30f3\u30b0\u3088\u308a\u30b7\u30e7\u30fc\u30c8\u304c\u591a\u3044\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u3053\u306e\u65b9\u91dd\u306f\u6050\u3089\u304f\u3001\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u3059\u308b\u307e\u3067\u7d99\u7d9a\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3068\u601d\u3046\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u30c9\u30eb\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u3001\u30c9\u30eb\u5186\u304c116\u5186\u307e\u3067\u6025\u843d\u3057\u305f\u3068\u304d\u306b\u30c9\u30eb\u5186\u306e\u8cb7\u3044\u3092\u63a8\u5968\u3057\u305f\u3002<\/p>\n<ul>\n<li><a title=\"\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u30c9\u30eb\u5186\u304c\u4e00\u6642116\u5186\u53f0: \u30c9\u30eb\u5186\u6025\u843d\u306f\u4f55\u6545\u8d77\u3053\u3063\u305f\u306e\u304b\uff1f\u3000\u3053\u308c\u304b\u3089\u3069\u3046\u306a\u308b\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1430\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u30c9\u30eb\u5186\u304c\u4e00\u6642116\u5186\u53f0: \u30c9\u30eb\u5186\u6025\u843d\u306f\u4f55\u6545\u8d77\u3053\u3063\u305f\u306e\u304b\uff1f\u3000\u3053\u308c\u304b\u3089\u3069\u3046\u306a\u308b\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u3053\u306e\u30c9\u30eb\u8cb7\u3044\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3082\u3001\u30c9\u30eb\u304c\u4e0a\u6607\u3057\u3066\u3086\u3051\u3070\u7cbe\u7b97\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3067\u306f\u30c9\u30eb\u3092\u58f2\u3063\u3066\u4f55\u3092\u8cb7\u3046\u306e\u304b\uff1f\u3000\u7b2c\u4e00\u306e\u5019\u88dc\u306f\u30dd\u30f3\u30c9\u30c9\u30eb\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u30dd\u30f3\u30c9\u30c9\u30eb\u304c\u4e0b\u304c\u308a\u3059\u304e\u308c\u3070\u30c9\u30eb\u3092\u30dd\u30f3\u30c9\u306b\u63db\u91d1\u3059\u308b\u3053\u3068<\/strong><\/p>\n<p>\u3084\u3084\u53e4\u3044\u8a18\u4e8b\u306b\u306a\u308b\u304c\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u7d39\u4ecb\u3057\u305f\u901a\u308a\u3001\u7c73\u56fd\u3068\u30a4\u30ae\u30ea\u30b9\u306e\u7d4c\u6e08\u306f\u307b\u307c\u540c\u7a0b\u5ea6\u597d\u8abf\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u30c9\u30eb\u304b\u30dd\u30f3\u30c9\u304b\uff1f: 2015\u5e74\u82f1\u7c73\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u3001GDP\u3001\u5931\u696d\u7387\u6bd4\u8f03\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/886\">\u30c9\u30eb\u304b\u30dd\u30f3\u30c9\u304b\uff1f: 2015\u5e74\u82f1\u7c73\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u3001GDP\u3001\u5931\u696d\u7387\u6bd4\u8f03<\/a><\/li>\n<\/ul>\n<p>\u3053\u308c\u306f\u3001\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u3057\u3066\u30dd\u30f3\u30c9\u304c\u5272\u5b89\u3068\u306a\u308c\u3070\u3001\u30a4\u30ae\u30ea\u30b9\u306b\u3082\u540c\u7a0b\u5ea6\u306e\u5229\u4e0a\u3052\u8981\u56e0\u304c\u3042\u308b\u3053\u3068\u304b\u3089\u3001\u30dd\u30f3\u30c9\u306e\u8cb7\u3044\u304c\u6b63\u5f53\u5316\u3055\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u8a18\u4e8b\u306e\u901a\u308a\u3001\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u3067\u8003\u3048\u305f\u30dd\u30f3\u30c9\u30c9\u30eb\u306e\u9069\u6b63\u30ec\u30fc\u30c8\u306f\u5927\u307e\u304b\u306b1.55\u3067\u3042\u308a\u3001\u3053\u306e\u6c34\u6e96\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u305f\u308a\u4e0b\u56de\u3063\u305f\u308a\u3059\u308b\u3053\u3068\u304c\u3042\u308c\u3070\u3001\u5272\u5b89\u306a\u65b9\u306b\u4e57\u308a\u63db\u3048\u308b\u3079\u304d\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u3092\u3057\u3066\u30c9\u30eb\u304c\u4e0a\u6607\u3057\u305f\u5834\u5408\u306b\u306f\u3001\u30dd\u30f3\u30c9\u30c9\u30eb\u306e\u30ec\u30fc\u30c8\u306b\u3088\u3063\u3066\u306f\u30dd\u30f3\u30c9\u304c\u4e57\u308a\u63db\u3048\u306e\u53d7\u3051\u76bf\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p><strong>\u5229\u4e0a\u3052\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u91d1\u3092\u8cb7\u3044\u9032\u3081\u308b\u3053\u3068<\/strong><\/p>\n<p>\u3082\u3046\u4e00\u3064\u91cd\u8981\u3067\u3042\u308b\u306e\u306f\u3001Fed\u304c\u5229\u4e0a\u3052\u3092\u9032\u3081\u308b\u306b\u3064\u308c\u3066\u5f90\u3005\u306b\u30c9\u30eb\u3092\u58f2\u308a\u3001\u91d1\u3092\u8cb7\u3044\u96c6\u3081\u3066\u3086\u304f\u3053\u3068\u3067\u3042\u308b\u3002\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u3092\u3059\u308c\u3070\u30c9\u30eb\u304c\u4e0a\u6607\u3057\u3001\u30c9\u30eb\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u91d1\u306e\u4fa1\u683c\u306f\u76f8\u5bfe\u7684\u306b\u4e0b\u843d\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3057\u304b\u3057\u91cd\u8981\u306a\u30dd\u30a4\u30f3\u30c8\u306f\u3001\u7c73\u56fd\u306f\u5229\u4e0a\u3052\u3092\u9042\u884c\u3067\u304d\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u7c73\u56fd\u306e\u653f\u7b56\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308c\u3070\u3001\u305d\u308c\u306f\u3044\u305a\u308c\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u3092\u5d29\u58ca\u3055\u305b\u308b\u3002\u91cf\u7684\u7de9\u548c\u306b\u3088\u308a\u682a\u5f0f\u5e02\u5834\u306b\u6d41\u5165\u3057\u305f\u8cc7\u91d1\u304c\u4e00\u6589\u306b\u6d41\u51fa\u3057\u3066\u3086\u304f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u30021\u5ea6\u76ee\u306e\u5229\u4e0a\u3052\u306f\u6210\u529f\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u30012\u5ea6\u30013\u5ea6\u3068\u306a\u308b\u306b\u3064\u308c\u3066\u91d1\u878d\u5e02\u5834\u306f\u3088\u308a\u4e0d\u5b89\u5b9a\u3068\u306a\u308a\u3001\u66f4\u306a\u308b\u5229\u4e0a\u3052\u306f\u975e\u5e38\u306b\u96e3\u3057\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u3057\u305f\u304c\u3063\u3066\u6295\u8cc7\u5bb6\u306f\u3001\u5229\u4e0a\u3052\u306b\u3088\u3063\u3066\u5f90\u3005\u306b\u4e0b\u843d\u3057\u3066\u3086\u304f\u91d1\u3092\u8cb7\u3044\u4e0b\u304c\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u3044\u3064\u3001\u3069\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u91d1\u3092\u8cb7\u3046\u3079\u304d\u304b\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u66f8\u3044\u3066\u3042\u308b\u306e\u3067\u3001\u305d\u3061\u3089\u3092\u53c2\u8003\u306b\u3057\u3066\u307b\u3057\u3044\u3002<\/p>\n<ul>\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>\u307e\u305f\u3001\u91cf\u7684\u7de9\u548c\u304c\u3069\u306e\u3088\u3046\u306b\u30d0\u30d6\u30eb\u3092\u5f15\u304d\u8d77\u3053\u3057\u3001\u305d\u308c\u304c\u3069\u3046\u5d29\u58ca\u3057\u3066\u3086\u304f\u304b\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u53c2\u7167\u3057\u3066\u307b\u3057\u3044\u3002\u3053\u308c\u306f2015\u5e74\u4ee5\u964d\u306e\u76f8\u5834\u3067\u4e00\u756a\u91cd\u8981\u306a\u8a18\u4e8b\u3067\u3042\u308b\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<p><strong>\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306f\u682a\u4fa1\u66b4\u843d\u306e\u5408\u56f3<\/strong><\/p>\n<p>\u6700\u5f8c\u306b\u3001\u4eca\u5f8c\u4e00\u756a\u91cd\u8981\u306a\u6307\u6a19\u306f\u5148\u9032\u56fd\u306e\u9577\u671f\u91d1\u5229\u3067\u3042\u308b\u3002\u3068\u308a\u308f\u3051\u7c73\u56fd\u50b5\u304c\u4e0b\u843d\u3057\u59cb\u3081\u308b\u3068\u304d\u3001\u682a\u5f0f\u5e02\u5834\u306f\u50b5\u5238\u5e02\u5834\u3068\u8cc7\u91d1\u3092\u53d6\u308a\u5408\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002\u65e5\u672c\u682a\u3060\u3051\u306b\u6295\u8cc7\u3059\u308b\u6295\u8cc7\u5bb6\u3082\u3001\u5404\u56fd\u306e\u9577\u671f\u91d1\u5229\u3092\u6ce8\u8996\u3057\u3066\u304a\u304f\u3053\u3068\u306f\u7d76\u5bfe\u306b\u5fc5\u8981\u3067\u3042\u308a\u3001\u305d\u3046\u3067\u306a\u3051\u308c\u3070\u3001\u7406\u7531\u3082\u5206\u304b\u3089\u306a\u3044\u304c\u6301\u3061\u682a\u304c\u4e0b\u843d\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u4e8b\u614b\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u7c73\u56fd\u50b5\u306b\u3064\u3044\u3066\u306f\u4e2d\u56fd\u653f\u5e9c\u304c\u58f2\u5374\u3092\u59cb\u3081\u3066\u3044\u308b\u3068\u3044\u3046\u8a71\u3082\u3042\u308b\u3002\u4e00\u756a\u6ce8\u610f\u3059\u3079\u304d\u306f\u3001\u682a\u5f0f\u304c\u4e0b\u843d\u3057\u3066\u3044\u308b\u306e\u306b\u9577\u671f\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u5834\u5408\u3067\u3042\u308b\u3002\u30ea\u30b9\u30af\u30aa\u30d5\u306b\u304a\u3044\u3066\u8cc7\u91d1\u304c\u50b5\u5238\u306b\u6d41\u308c\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u6295\u8cc7\u5bb6\u304c\u4e2d\u592e\u9280\u884c\u3092\u7591\u3044\u59cb\u3081\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u306e\u5146\u5019\u304c\u672c\u683c\u7684\u306b\u898b\u3089\u308c\u308b\u306e\u306f\u307e\u3060\u5148\u3060\u3068\u8e0f\u3093\u3067\u3044\u308b\u304c\u3001\u4eca\u5f8c\u306e\u76f8\u5834\u306f\u4e2d\u592e\u9280\u884c\u306e\u52d5\u304d\u3068\u6295\u8cc7\u5bb6\u306e\u53cd\u5fdc\u304c\u3059\u3079\u3066\u3067\u3042\u308a\u3001\u307e\u305f\u5404\u56fd\u306e\u4e2d\u592e\u9280\u884c\u304c\u5354\u8abf\u3067\u304d\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u306b\u3064\u3044\u3066\u3082\u6ce8\u8996\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u4e2d\u592e\u9280\u884c\u306e\u5354\u8abf\u5931\u6557\u306f1987\u5e74\u306b\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u304a\u308a\u3001\u4eca\u306e\u72b6\u6cc1\u304c\u5c11\u3057\u5f53\u6642\u306b\u4f3c\u3066\u304d\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u4e2d\u9280\u306f\u3069\u3046\u3059\u308b\u304b\uff1f: \u91d1\u878d\u653f\u7b56\u3092\u3081\u3050\u308b\u72b6\u6cc1\u304c\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306e\u539f\u56e0\u306b\u4f3c\u3066\u304d\u305f\u7406\u7531\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1441\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u4e2d\u9280\u306f\u3069\u3046\u3059\u308b\u304b\uff1f: \u91d1\u878d\u653f\u7b56\u3092\u3081\u3050\u308b\u72b6\u6cc1\u304c\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306e\u539f\u56e0\u306b\u4f3c\u3066\u304d\u305f\u7406\u7531<\/a><\/li>\n<\/ul>\n<p>\u3053\u306e\u3088\u3046\u306b\u30012015\u5e74\u4ee5\u964d\u306e\u91d1\u878d\u5e02\u5834\u306f\u975e\u5e38\u306b\u96e3\u3057\u304f\u3001\u91d1\u878d\u3092\u5c02\u9580\u3068\u3057\u306a\u3044\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u3064\u3044\u3066\u306f\u3001\u8cc7\u7523\u3092\u30ad\u30e3\u30c3\u30b7\u30e5\u3067\u6301\u3064\u3053\u3068\u3092\u5f37\u304f\u304a\u52e7\u3081\u3059\u308b\u3002\u305d\u308c\u3067\u3082\u4f55\u304b\u306b\u6295\u8cc7\u3092\u3057\u305f\u3044\u3068\u3044\u3046\u6295\u8cc7\u5bb6\u306b\u3064\u3044\u3066\u306f\u3001\u3053\u3053\u306e\u8a18\u4e8b\u304c\u53c2\u8003\u306b\u306a\u308c\u3070\u5e78\u3044\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2015\u5e748\u6708\u306b\u682a\u5f0f\u5e02\u5834\u304c\u6025\u843d\u3057\u305f\u5f8c\u3001\u5e02\u5834\u306f\u3044\u307e\u3060\u8edf\u8abf\u3067\u3042\u308b\u304c\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u7d39\u4ecb\u3057\u305f\u901a\u308a\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u59ff\u52e2\u306f\u5909\u308f\u3089\u305a\u5229\u4e0a\u3052\u306b\u7a4d\u6975\u7684\u3067\u3042\u308b\u3002 \u4e16\u754c\u540c\u6642\u682a\u5b89\u304c\u53cd\u767a: \u30ea\u30d0\u30a6\u30f3\u30c9\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\uff1f\u30009\u6708\u306b\u7c73\u56fd\u306f\u5229\u4e0a &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1509\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u6295\u8cc7\u6226\u7565: \u682a\u4fa1\u304c\u3044\u305a\u308c\u66b4\u843d\u3059\u308b\u7406\u7531\u3068\u70ba\u66ff\u3001\u50b5\u5238\u3001\u91d1\u304c\u3069\u3046\u306a\u308b\u304b<\/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":[7,35,64,72],"class_list":["post-1509","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","tag-quantitative-easing","tag-short-selling","tag-fed","tag-rate-hike"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1509","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=1509"}],"version-history":[{"count":11,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1509\/revisions"}],"predecessor-version":[{"id":1520,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1509\/revisions\/1520"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=1509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=1509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=1509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}