{"id":15898,"date":"2021-09-29T19:51:01","date_gmt":"2021-09-29T10:51:01","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=15898"},"modified":"2021-10-01T18:01:10","modified_gmt":"2021-10-01T09:01:10","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e4%b8%ad%e5%9b%bd%e6%81%92%e5%a4%a7%e9%9b%86%e5%9b%a3%e3%81%ae%e3%83%87%e3%83%95%e3%82%a9%e3%83%ab%e3%83%88%e5%8d%b1%e6%a9%9f%e3%81%af%e6%97%a5%e6%9c%ac","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/15898","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u4e2d\u56fd\u6052\u5927\u96c6\u56e3\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u5371\u6a5f\u306f\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u3068\u540c\u3058\u3067\u6975\u3081\u3066\u6df1\u523b"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u4e2d\u56fd\u6700\u5927\u7d1a\u306e\u4e0d\u52d5\u7523\u30c7\u30a3\u30d9\u30ed\u30c3\u30d1\u30fc\u6052\u5927\u96c6\u56e3\u306e\u5012\u7523\u5371\u6a5f\u306b\u3064\u3044\u3066Bloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3044\u308b\u3002\u8cc7\u7523\u904b\u7528\u696d\u754c\u306e\u4eba\u9593\u304c\u8033\u3092\u50be\u3051\u308b\u307b\u3068\u3093\u3069\u552f\u4e00\u306e\u7d4c\u6e08\u5b66\u8005\u306f\u3001\u3084\u306f\u308a\u3053\u306e\u554f\u984c\u3092\u7684\u78ba\u306b\u5206\u6790\u3057\u3066\u3044\u308b\u3088\u3046\u3060\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u518d\u6765\u3067\u306f\u306a\u3044<\/strong><\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u307e\u305a\u6052\u5927\u96c6\u56e3\u306e\u50b5\u5238\u304c\u5143\u3005\u5b89\u5024\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u305f\u3068\u3044\u3046\u4e8b\u5b9f\u3092\u6307\u6458\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u6052\u5927\u96c6\u56e3\u306e\u8ca0\u50b5\u306f\u554f\u984c\u304c\u30cb\u30e5\u30fc\u30b9\u306b\u306a\u308b\u524d\u304b\u3089\u984d\u97621\u30c9\u30eb\u306b\u5bfe\u3057\u306625\u30bb\u30f3\u30c8\u3067\u58f2\u8cb7\u3055\u308c\u3066\u3044\u305f\u3002\u3060\u304b\u3089\u6052\u5927\u96c6\u56e3\u304c\u554f\u984c\u3092\u62b1\u3048\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u5143\u3005\u591a\u304f\u306e\u4eba\u306b\u77e5\u3089\u308c\u3066\u3044\u305f\u8a33\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3060\u304b\u3089\u3053\u306e\u8a71\u306f\u6025\u306a\u3082\u306e\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u305d\u3057\u3066\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3053\u306e\u554f\u984c\u304c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3068\u540c\u3058\u3067\u306f\u306a\u3044\u3068\u6307\u6458\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3053\u308c\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u518d\u6765\u3067\u306f\u306a\u304f\u3001\u4e2d\u56fd\u3067\u9023\u9396\u7684\u306a\u91d1\u878d\u5371\u6a5f\u304c\u8d77\u304d\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u300c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3068\u540c\u3058\u3067\u306f\u306a\u3044\u300d\u3068\u3044\u3046\u4e3b\u5f35\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u4f1d\u3048\u305f\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3068\u540c\u3058\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/15766\" data-type=\"post\" data-id=\"15766\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u4e2d\u56fd\u6052\u5927\u96c6\u56e3\u306e2\u5146\u5143\u50b5\u52d9\u306f\u5bfe\u51e6\u53ef\u80fd<\/a><\/li><\/ul>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u306e\u554f\u984c\u3092\u91cd\u8981\u8996\u3057\u306a\u3044\u614b\u5ea6\u3092\u793a\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u52ff\u8ad6\u3053\u308c\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3068\u306f\u5225\u7a2e\u306e\u5371\u6a5f\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3060\u304b\u3089\u3053\u305d\u300c\u3053\u308c\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u306f\u306a\u3044\u300d\u3068\u3044\u3046\u8a00\u8449\u306f\u5168\u304f\u610f\u5473\u3092\u6301\u305f\u306a\u3044\u3002\u3060\u304b\u3089\u3053\u306e\u8a18\u4e8b\u3067\u306f\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u304a\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30c0\u30ea\u30aa\u6c0f\u306e\u8a00\u3046\u901a\u308a\u3001\u6052\u5927\u96c6\u56e3\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u5371\u6a5f\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3068\u306f\u5225\u306e\u7d4c\u6e08\u5371\u6a5f\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3060\u304b\u3089\u4f55\u3060\u3068\u8a00\u3046\u306e\u3060\u308d\u3046\u304b\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u306f\u306a\u304f\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3060\u3063\u305f\u3089\u826f\u3044\u306e\u3060\u308d\u3046\u304b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3057\u304b\u3057\u81a8\u5927\u306a\u4e2d\u56fd\u95a2\u9023\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u62b1\u3048\u3066\u3044\u308b\u30c0\u30ea\u30aa\u6c0f\u3068\u306f\u9055\u3044\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u7d4c\u6e08\u5b66\u8005\u3067\u3042\u308a\u3001\u3053\u306e\u7591\u554f\u306b\u3082\u7b54\u3048\u3066\u304f\u308c\u308b\u3088\u3046\u3060\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3057\u304b\u3057\u3060\u304b\u3089\u4f55\u3082\u554f\u984c\u304c\u306a\u3044\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u3002<\/p><p>\u3053\u306e\u554f\u984c\u3092\u91cd\u8981\u8996\u3059\u308b\u3068\u3044\u3046\u306e\u304c\u6b63\u3057\u3044\u59ff\u52e2\u3060\u3002\u4f3c\u305f\u72b6\u6cc1\u306f\u4f8b\u3048\u30702007\u5e748\u6708\u306e\u30a2\u30e1\u30ea\u30ab\u3001\u30a4\u30ae\u30ea\u30b9\u306eNorthern Rock\u9280\u884c\u3001\u3042\u308b\u3044\u306f\u30d0\u30d6\u30eb\u5d29\u58ca\u5f8c\u306b\u65e5\u672c\u304c\u62b1\u3048\u305f\u554f\u984c\u306a\u3069\u3060\u308d\u3046\u3002\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u306e\u5d29\u58ca\u306e\u3088\u3046\u306a\u4e8b\u614b\u3068\u306f\u9055\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p><strong>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u306f\u306a\u304f\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca<\/strong><\/p>\n\n\n\n<p>\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u3092\u901a\u3058\u305f\u7d4c\u6e08\u5371\u6a5f\u304c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308b\u3002\u4e00\u65b9\u6052\u5927\u96c6\u56e3\u306e\u554f\u984c\u306f\u3001\u4e2d\u56fd\u306eGDP2%\u306b\u5339\u6575\u3059\u308b\u8ca0\u50b5\u3092\u62b1\u3048\u305f\u3053\u306e\u4e0d\u52d5\u7523\u4f1a\u793e\u304c\u3001\u8ca0\u50b5\u3092\u8fd4\u3059\u305f\u3081\u306bGDP1%\u4ee5\u4e0a\u3068\u4e88\u60f3\u3055\u308c\u308b\u624b\u6301\u3061\u306e\u4e0d\u52d5\u7523\u3092\u6295\u3052\u58f2\u308a\u3057\u3066\u8d77\u3053\u308b\u4e0d\u52d5\u7523\u5371\u6a5f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u3092\u4f8b\u3048\u308b\u305f\u3081\u306b\u30b5\u30de\u30fc\u30ba\u6c0f\u306f3\u3064\u306e\u4f8b\u3092\u6319\u3052\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e2007\u5e748\u6708\u3068\u3044\u3046\u306e\u306f\u3001\u30d5\u30e9\u30f3\u30b9\u306e\u9280\u884c\u3067\u3042\u308bBNP\u30d1\u30ea\u30d0\u304c\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u3092\u8a3c\u5238\u5316\u3057\u305f\u91d1\u878d\u5546\u54c1\u3092\u51cd\u7d50\u3001\u8cc7\u91d1\u306e\u5f15\u304d\u51fa\u3057\u306b\u5fdc\u3058\u306a\u3044\u3068\u5ba3\u8a00\u3057\u305f\u65e5\u4ed8\u3067\u3042\u308b\u3002\u5f53\u6642\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306f\u5b89\u5168\u306a\u6295\u8cc7\u5546\u54c1\u3060\u3068\u8003\u3048\u3089\u308c\u3066\u304a\u308a\u3001\u3053\u306e\u65e5\u3092\u304d\u3063\u304b\u3051\u306b\u6295\u8cc7\u5bb6\u304c\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u3092\u898b\u308b\u76ee\u304c\u5909\u308f\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u6050\u3089\u304f\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6052\u5927\u96c6\u56e3\u306b\u6295\u8cc7\u5bb6\u304c\u96c6\u307e\u3063\u3066\u8cc7\u91d1\u3092\u8fd4\u305b\u3068\u8a34\u3048\u3066\u3044\u308b\u72b6\u6cc1\u3068BNP\u30d1\u30ea\u30d0\u306e\u4e8b\u4ef6\u3092\u91cd\u306d\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/15746\" data-type=\"post\" data-id=\"15746\">\u4e2d\u56fd\u6052\u5927\u96c6\u56e3\u4e3b\u5e2d\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u306e\u7aae\u5730\u8131\u51fa\u3078\u306e\u8b0e\u306e\u81ea\u4fe1\u3092\u8868\u660e<\/a><\/li><\/ul>\n\n\n\n<p>\u4eca\u56de\u306b\u304a\u3051\u308b\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u3068\u306f\u3001\u3064\u307e\u308a\u6052\u5927\u96c6\u56e3\u306e\u58f2\u3063\u3066\u3044\u308b\u7406\u8ca1\u5546\u54c1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u3078\u306e\u61d0\u7591\u7684\u306a\u76ee\u306fBNP\u30d1\u30ea\u30d0\u306e\u4ef6\u304b\u3089\u59cb\u307e\u308a\u3001\u30a4\u30ae\u30ea\u30b9\u306b\u98db\u3073\u706b\u3057\u3066Northern Rock\u9280\u884c\u3067\u53d6\u308a\u4ed8\u3051\u9a12\u304e\u304c\u8d77\u304d\u305f\u3002\u3060\u304b\u3089\u30b5\u30de\u30fc\u30ba\u6c0f\u306fNorthern Rock\u30922\u756a\u76ee\u306b\u6319\u3052\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u300c\u3053\u308c\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u518d\u6765\u3067\u306f\u306a\u3044\u300d\u3068\u8a00\u3046\u6642\u3001\u5f7c\u306f\u300c\u3053\u308c\u306f2007\u5e74\u304b\u30892008\u5e74\u306e\u7d4c\u6e08\u5371\u6a5f\u3067\u306f\u306a\u3044\u300d\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u3002\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u306e\u7834\u7dbb\u304b\u3089\u59cb\u307e\u308b\u91d1\u878d\u30b7\u30b9\u30c6\u30e0\u306e\u7834\u7dbb\uff08\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\uff09\u306f\u8d77\u3053\u3089\u306a\u3044\u304c\u3001\u305d\u306e\u539f\u56e0\u306b\u306a\u3063\u305f\u4e0d\u52d5\u7523\u3068\u3001\u4e0d\u52d5\u7523\u3078\u306e\u878d\u8cc7\u30d0\u30d6\u30eb\u306e\u5d29\u58ca\uff08\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u5371\u6a5f\uff09\u306f\u8d77\u3053\u3063\u3066\u3044\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3068\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u5371\u6a5f\u306f\u305d\u308c\u305e\u308c\u5225\u306e\u554f\u984c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca<\/strong><\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30b5\u30de\u30fc\u30ba\u6c0f\u304c3\u756a\u76ee\u306b\u6319\u3052\u3066\u3044\u308b\u306e\u304c1989\u5e74\u306e\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u6642\u3082\u4e0d\u52d5\u7523\u306e\u30d0\u30d6\u30eb\u3060\u3063\u305f\u3002\u3082\u3046\u77e5\u3089\u306a\u3044\u8aad\u8005\u304c\u5927\u534a\u3060\u308d\u3046\u304c\u3001\u65e5\u672c\u3067\u3082\u571f\u5730\u306e\u4fa1\u683c\u306f\u4e0b\u304c\u3089\u306a\u3044\u3068\u8a00\u308f\u308c\u3066\u3044\u305f\u3002\u3060\u304b\u3089\u4eca\u306e\u4e2d\u56fd\u306e\u72b6\u6cc1\u3092\u898b\u308b\u3068\u5f53\u6642\u306e\u65e5\u672c\u3092\u601d\u3044\u51fa\u3059\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u3001\u4e2d\u56fd\u4eba\u306f\u4e0d\u52d5\u7523\u3068\u306f\u4fa1\u683c\u304c\u4e0b\u304c\u3089\u306a\u3044\u3082\u306e\u3060\u3068\u601d\u3063\u3066\u4e0d\u52d5\u7523\u3092\u8cb7\u3063\u3066\u3044\u308b\u3002\u7acb\u6d3e\u306a\u4e0d\u52d5\u7523\u3092\u8cb7\u3048\u3070\u3042\u3068\u306f\u4e0d\u52d5\u7523\u304c\u4eba\u751f\u3092\u652f\u3048\u3066\u304f\u308c\u308b\u3068\u601d\u3063\u3066\u3044\u308b\u3002\u4e0d\u52d5\u7523\u306e\u4fa1\u683c\u4e0a\u6607\u3092\u3042\u3066\u306b\u3057\u3066\u4eba\u751f\u8a2d\u8a08\u3092\u3057\u305f10\u5104\u4eba\u4ee5\u4e0a\u306e\u4eba\u3005\u304c\u4e0d\u52d5\u7523\u4fa1\u683c\u306e\u66b4\u843d\u3092\u76ee\u306e\u5f53\u305f\u308a\u306b\u3059\u308b\u6642\u3001\u5f7c\u3089\u306e\u6d88\u8cbb\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u65e5\u672c\u4eba\u304c\u30d0\u30d6\u30eb\u671f\u306e\u751f\u6d3b\u3092\u4e00\u751f\u7d9a\u3051\u3089\u308c\u306a\u304b\u3063\u305f\u3088\u3046\u306b\u3001\u4e2d\u56fd\u4eba\u306e\u6d88\u8cbb\u3082\u8457\u3057\u304f\u51b7\u3048\u8fbc\u3080\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u305d\u306e\u554f\u3044\u306b\u3082\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>\u4e0d\u52d5\u7523\u306b\u4f9d\u5b58\u3057\u3066\u4f5c\u3089\u308c\u305f\u4e2d\u56fd\u306e\u6210\u9577\u30e2\u30c7\u30eb\u306b\u5927\u304d\u306a\u3072\u305a\u307f\u304c\u751f\u307e\u308c\u308b\u3060\u308d\u3046\u3002\u83ab\u5927\u306a\u640d\u5931\u304c\u751f\u307e\u308c\u3066\u3001\u305d\u308c\u3092\u3069\u3046\u914d\u5206\u3059\u308b\u304b\u3092\u8003\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p><p>\u305d\u3046\u306a\u308c\u3070\u3001\u3053\u308c\u307e\u3067\u975e\u5e38\u306b\u5927\u304d\u304f\u4e0d\u52d5\u7523\u306b\u4f9d\u5b58\u3057\u3066\u304d\u305f\u4e2d\u56fd\u7d4c\u6e08\u3092\u6210\u9577\u3055\u305b\u308b\u3068\u3044\u3046\u4ed5\u4e8b\u304c\u3044\u3063\u305d\u3046\u56f0\u96e3\u306b\u306a\u308b\u3002<\/p><p>\u6052\u5927\u96c6\u56e3\u306e\u4ef6\u306f\u554f\u984c\u306e\u5146\u5019\u3067\u3042\u3063\u3066\u554f\u984c\u306e\u539f\u56e0\u3067\u306f\u306a\u3044\u3002\u3057\u304b\u3057\u3053\u308c\u304c\u6975\u3081\u3066\u6df1\u523b\u306a\u554f\u984c\u306e\u5146\u5019\u3067\u3042\u308b\u3053\u3068\u306f\u78ba\u304b\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3053\u306e\u554f\u984c\u304c\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u5e02\u5834\u3060\u3051\u306e\u8a71\u306b\u7559\u307e\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u554f\u984c\u304c\u4ed6\u306e\u3068\u3053\u308d\u306b\u3082\u6ce2\u53ca\u3057\u3066\u3086\u304f\u306e\u304b\u306b\u3064\u3044\u3066\u805e\u304b\u308c\u3001\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>\u4e0d\u52d5\u7523\u306e\u554f\u984c\u304c\u7279\u5b9a\u306e\u696d\u754c\u306e\u554f\u984c\u3068\u3057\u3066\u4ed6\u306b\u98db\u3073\u706b\u3057\u306a\u3044\u3053\u3068\u306f\u307b\u3068\u3093\u3069\u6709\u308a\u5f97\u306a\u3044\u3002\u308f\u305f\u3057\u306e\u611f\u899a\u306f\u3001\u4eba\u3005\u306f\u3053\u306e\u554f\u984c\u306b\u3064\u3044\u3066\u6700\u5927\u9650\u5b88\u308a\u306b\u5165\u308b\u3079\u304d\u3060\u3068\u544a\u3052\u3066\u3044\u308b\u3002<\/p><p>\u4e2d\u56fd\u3067\u4f55\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u304b\u306b\u3064\u3044\u3066\u5b8c\u5168\u306a\u60c5\u5831\u3092\u6301\u3063\u3066\u3044\u308b\u4eba\u306f\u8ab0\u3082\u3044\u306a\u3044\u3002\u5c11\u306a\u304f\u3068\u3082\u308f\u305f\u3057\u306f\u6301\u3063\u3066\u3044\u306a\u3044\u3002\u305d\u3057\u3066\u308f\u305f\u3057\u306e\u91d1\u878d\u306b\u304a\u3051\u308b\u7d4c\u9a13\u3067\u8a00\u3048\u3070\u3001\u307e\u3060\u77e5\u3089\u308c\u3066\u3044\u306a\u3044\u60c5\u5831\u306f\u901a\u5e38\u77e5\u3089\u308c\u3066\u3044\u308b\u60c5\u5831\u3088\u308a\u3082\u60aa\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6052\u5927\u96c6\u56e3\u306e\u554f\u984c\u306b\u3064\u3044\u3066\u8a00\u3046\u3079\u304d\u3053\u3068\u3092\u3059\u3079\u3066\u8a00\u3063\u3066\u3057\u307e\u3063\u305f\u6c17\u304c\u3059\u308b\u3002\u7b46\u8005\u306f\u3053\u308c\u3089\u3059\u3079\u3066\u306b\u540c\u610f\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3042\u3048\u3066\u8a00\u3048\u3070\u3001\u4e2d\u56fd\u3067\u306f\u3044\u307e\u74b0\u5883\u3078\u306e\u914d\u616e\u304b\u3089\u74b0\u5883\u306b\u60aa\u3044\u767a\u96fb\u3078\u306e\u7de0\u3081\u4ed8\u3051\u3092\u884c\u306a\u3063\u305f\u305f\u3081\u6df1\u523b\u306a\u96fb\u529b\u4e0d\u8db3\u306b\u9665\u3063\u3066\u304a\u308a\u3001\u4e0d\u52d5\u7523\u306e\u554f\u984c\u306b\u52a0\u3048\u3066\u305d\u308c\u304c\u4e2d\u56fd\u7d4c\u6e08\u306e\u91cd\u3057\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u304b\u3002\u65e5\u672c\u3082\u897f\u6d0b\u306b\u62bc\u3057\u4ed8\u3051\u3089\u308c\u305f\u300c\u30a8\u30b3\u300d\u3068\u3084\u3089\u3092\u3057\u3063\u304b\u308a\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3053\u306e\u96fb\u529b\u306e\u554f\u984c\u3082\u4e0d\u52d5\u7523\u306e\u554f\u984c\u3082\u3001\u4e2d\u56fd\u5171\u7523\u515a\u306e\u653f\u7b56\u65b9\u91dd\u3092\u5951\u6a5f\u3068\u3057\u3066\u8d77\u3053\u3063\u305f\u3053\u3068\u3067\u3042\u308b\u3068\u3044\u3046\u610f\u5473\u3067\u306f\u540c\u3058\u554f\u984c\u3060\u3068\u8a00\u3048\u308b\u3002\u3053\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u3082\u307e\u305f\u8a18\u4e8b\u3092\u66f8\u304d\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u306e\u611f\u899a\u3092\u8a00\u3048\u3070\u3001\u4e2d\u56fd\u306f\u5927\u5909\u9762\u767d\u3044\u72b6\u6cc1\u306b\u306a\u3063\u3066\u304d\u305f\u3002\u7b46\u8005\u306f\u65e2\u306b\u6e96\u5099\u3092\u6e08\u307e\u305b\u3066\u3044\u308b\u3002\u7686\u304c\u8003\u3048\u59cb\u3081\u308b\u9803\u306b\u306f\u8003\u5bdf\u3092\u7d42\u308f\u3089\u305b\u3066\u3044\u308b\u3068\u3044\u3046\u306e\u304c\u3053\u3053\u306e\u58f2\u308a\u3067\u3042\u308b\u3002\u305d\u3046\u3067\u306a\u3051\u308c\u3070\u6295\u8cc7\u5bb6\u306f\u52dd\u3066\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/15609\" data-type=\"post\" data-id=\"15609\">\u6052\u5927\u96c6\u56e3\u5012\u7523\u3068\u4e2d\u56fd\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u3067\u7a7a\u58f2\u308a\u3059\u3079\u304d\u9298\u67c4\u30ea\u30b9\u30c8<\/a><\/li><\/ul>\n\n\n\n<p>\u6052\u5927\u96c6\u56e3\u306e\u554f\u984c\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u601d\u3044\u51fa\u3059\u306e\u306f\u30012007\u5e74\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u5371\u6a5f\u304c\u8d77\u3053\u308b\u524d\u306b\u6295\u8cc7\u5bb6\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u304c\u8457\u66f8\u300e<a rel=\"noreferrer noopener\" href=\"https:\/\/amzn.to\/3m6d1br\" target=\"_blank\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a>\u300f\u306b\u66f8\u3044\u3066\u3044\u305f\u6b21\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>2007\u5e74\u6625\u3001\u3064\u3044\u306b\u7d42\u308f\u308a\u306e\u306f\u3058\u307e\u308a\u304c\u3084\u3063\u3066\u6765\u308b\u3002\u4f4f\u5b85\u30ed\u30fc\u30f3\u5927\u624b\u306e\u30cb\u30e5\u30fc\u30fb\u30bb\u30f3\u30c1\u30e5\u30ea\u30fc\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u793e\u304c\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u554f\u984c\u304c\u539f\u56e0\u3067\u5012\u7523\u3057\u305f\u306e\u3060\u3002\u305d\u3053\u304b\u3089\u5148\u306f\u3001\u79c1\u306e\u30d0\u30d6\u30eb\u306e\u30e2\u30c7\u30eb\u3067\u3044\u3046\u300c\u9ec4\u660f\u306e\u671f\u9593\u300d\u3067\u3042\u308b\u3002\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u306f\u3058\u3081\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30b2\u30fc\u30e0\u306e\u7d42\u4e86\u304c\u8aad\u307f\u53d6\u308c\u306a\u3044\u53c2\u52a0\u8005\u304c\u3001\u307e\u3060\u5927\u52e2\u6b8b\u3063\u3066\u3044\u308b\u6bb5\u968e\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3069\u306e\u30b2\u30fc\u30e0\u304c\u7d42\u308f\u3063\u305f\u306e\u304b\u3001\u8aad\u8005\u306b\u306f\u3061\u3083\u3093\u3068\u628a\u63e1\u51fa\u6765\u3066\u3044\u308b\u3060\u308d\u3046\u304b\u3002\u5f53\u6642\u306e\u66f8\u7269\u3092\u8aad\u307f\u8fd4\u3057\u3066\u307f\u308b\u306e\u3082\u826f\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<a href=\"https:\/\/www.amazon.co.jp\/%E3%82%BD%E3%83%AD%E3%82%B9%E3%81%AF%E8%AD%A6%E5%91%8A%E3%81%99%E3%82%8B-%E8%B6%85%E3%83%90%E3%83%96%E3%83%AB%E5%B4%A9%E5%A3%8A-%E6%82%AA%E5%A4%A2%E3%81%AE%E3%82%B7%E3%83%8A%E3%83%AA%E3%82%AA-%E3%82%B8%E3%83%A7%E3%83%BC%E3%82%B8%E3%83%BB%E3%82%BD%E3%83%AD%E3%82%B9\/dp\/406214915X?__mk_ja_JP=%E3%82%AB%E3%82%BF%E3%82%AB%E3%83%8A&#038;dchild=1&#038;keywords=%E3%82%BD%E3%83%AD%E3%82%B9%E3%81%AF%E8%AD%A6%E5%91%8A%E3%81%99%E3%82%8B&#038;qid=1632911856&#038;sr=8-1&#038;linkCode=li2&#038;tag=globalmacrore-22&#038;linkId=dd12028e51358182dd6edd2fd4cf538b&#038;language=ja_JP&#038;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" border=\"0\" src=\"\/\/ws-fe.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&#038;ASIN=406214915X&#038;Format=_SL160_&#038;ID=AsinImage&#038;MarketPlace=JP&#038;ServiceVersion=20070822&#038;WS=1&#038;tag=globalmacrore-22&#038;language=ja_JP\" ><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-jp.amazon-adsystem.com\/e\/ir?t=globalmacrore-22&#038;language=ja_JP&#038;l=li2&#038;o=9&#038;a=406214915X\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border:none !important; margin:0px !important;\" \/><br><a href=\"https:\/\/amzn.to\/3m6d1br\" target=\"_blank\" rel=\"noreferrer 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\u4e2d\u56fd\u6052\u5927\u96c6\u56e3\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u5371\u6a5f\u306f\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u3068\u540c\u3058\u3067\u6975\u3081\u3066\u6df1\u523b<\/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":[85,111],"tags":[98,171],"class_list":["post-15898","post","type-post","status-publish","format-standard","hentry","category-chinese-stock-market","category-stock-markets","tag-larry-summers","tag-evergrande"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/15898","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=15898"}],"version-history":[{"count":54,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/15898\/revisions"}],"predecessor-version":[{"id":15953,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/15898\/revisions\/15953"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=15898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=15898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=15898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}