{"id":16915,"date":"2021-10-28T20:09:00","date_gmt":"2021-10-28T11:09:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=16915"},"modified":"2021-10-28T14:20:34","modified_gmt":"2021-10-28T05:20:34","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%b3%e3%83%a2%e3%83%87%e3%82%a3%e3%83%86%e3%82%a3%e3%81%af%e3%81%be%e3%81%a0%e3%81%be%e3%81%a0%e5%ae%89%e3%81%84%e3%80%81%e3%81%93","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16915","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u307e\u3060\u307e\u3060\u5b89\u3044\u3001\u3053\u3053\u304b\u3089\u6570\u500d\u306b"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u3053\u308c\u307e\u3067\u4e0a\u6607\u76f8\u5834\u304c\u7d9a\u3044\u3066\u3044\u308b\u91d1\u5c5e\u3084\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u9298\u67c4\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u3068\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u9ad8<\/strong><\/p>\n\n\n\n<p>\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u53bb\u5e74\u306e\u5f8c\u534a\u304b\u3089\u5f37\u6c17\u76f8\u5834\u3092\u7d9a\u3051\u3066\u304d\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u30673\u56de\u884c\u308f\u308c\u305f\u73fe\u91d1\u7d66\u4ed8\u306a\u3069\u306e\u666f\u6c17\u523a\u6fc0\u7b56\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u305f\u3081\u3001\u91d1\u878d\u5e02\u5834\u3067\u91d1\u3084\u9280\u3001\u539f\u6cb9\u3001\u5927\u8c46\u3001\u3068\u3046\u3082\u308d\u3053\u3057\u306a\u3069\u306b\u5148\u56de\u308a\u306e\u8cb7\u3044\u304c\u5165\u3063\u305f\u306e\u3067\u3042\u308b\u3002\u3053\u3053\u3067\u306f\u53bb\u5e74\u306e\u79cb\u304b\u3089\u3044\u3061\u65e9\u304f\u5831\u3058\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11801\" data-type=\"post\" data-id=\"11801\">\u91d1\u878d\u5e02\u5834\u306b\u30a4\u30f3\u30d5\u30ec\u306e\u5146\u3057: \u91d1\u3001\u539f\u6cb9\u3001\u7a40\u7269\u4fa1\u683c\u304c\u9ad8\u9a30 (2021\/10\/14)<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u306e\u8a18\u4e8b\u3092\u898b\u3066\u3082\u5206\u304b\u308b\u901a\u308a\u3001\u7b46\u8005\u306f\u53bb\u5e74\u304b\u3089\u4eca\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u3092\u8b66\u544a\u3057\u3066\u304d\u305f\u304c\u3001\u7279\u306b\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u5929\u7136\u30ac\u30b9\u4fa1\u683c\u306e\u9ad8\u9a30\u3068\u3044\u3046\u5f62\u3067\u305d\u308c\u306f\u73fe\u5b9f\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16682\" data-type=\"post\" data-id=\"16682\">\u30d5\u30e9\u30f3\u30b9\u3001\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3067\u73fe\u91d1\u7d66\u4ed8\u3078<\/a><\/li><\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3082\u307e\u305f\u521d\u671f\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u3092\u8b66\u544a\u3057\u3066\u3044\u305f1\u4eba\u3067\u3042\u308b\u3002\u305d\u306e\u5f7c\u306f\u4eca\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e02\u5834\u3092\u3069\u3046\u898b\u3066\u3044\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u5f7c\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>\u73fe\u7269\u8cc7\u7523\u3092\u597d\u3093\u3067\u3044\u308b\u3002\u30b4\u30fc\u30eb\u30c9\u3088\u308a\u3082\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3084\u4e0d\u52d5\u7523\u306e\u65b9\u304c\u826f\u3044\u3060\u308d\u3046\u3002\u30c9\u30eb\u304c\u8edf\u8abf\u306b\u306a\u308c\u3070\u30b4\u30fc\u30eb\u30c9\u3082\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u826f\u304f\u306a\u308b\u3060\u308d\u3046\u304c\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5168\u822c\u306f\u4fe1\u3058\u3089\u308c\u306a\u3044\u307b\u3069\u5f37\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30b4\u30fc\u30eb\u30c9\u306f\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u4e2d\u3067\u3082\u53bb\u5e74\u306e\u76f8\u5834\u3067\u306f\u3044\u3061\u65e9\u304f\u4e0a\u6607\u3057\u305f\u9298\u67c4\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u305d\u306e\u5206\u4eca\u5e74\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u826f\u304f\u306a\u3044\u3002\u91d1\u4fa1\u683c\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-gold-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-gold-chart.png\" alt=\"\" class=\"wp-image-16932\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-gold-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-gold-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u5927\u304d\u306a\u7406\u7531\u3068\u3057\u3066\u306f\u30a2\u30e1\u30ea\u30ab\u304c\u30c6\u30fc\u30d1\u30ea\u30f3\u30b0\uff08\u91cf\u7684\u7de9\u548c\u7e2e\u5c0f\uff09\u3092\u958b\u59cb\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b4\u30fc\u30eb\u30c9\u306f\u73fe\u7269\u8cc7\u7523\u3068\u3044\u3046\u3088\u308a\u306f\u91d1\u878d\u8cc7\u7523\u3068\u3057\u3066\u8003\u3048\u3089\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u7de9\u548c\u7e2e\u5c0f\u306f\u30de\u30a4\u30ca\u30b9\u306b\u5f71\u97ff\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u30926\u6708\u306e\u9ad8\u5024\u306e\u5185\u306b\u6307\u6458\u3057\u3066\u304a\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/13866\" data-type=\"post\" data-id=\"13866\">\u91d1\u76f8\u5834\u306f\u30c6\u30fc\u30d1\u30ea\u30f3\u30b0\u3067\u66b4\u843d\u3059\u308b\u304b\uff1f\u3000\u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3\u3068\u898b\u901a\u3057 (2021\/6\/6)<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u5b9f\u969b\u305d\u306e\u3088\u3046\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u30b4\u30fc\u30eb\u30c9\u4ee5\u5916\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306b\u3064\u3044\u3066\u306f\u305d\u306e\u5f71\u97ff\u306f\u6bd4\u8f03\u7684\u5c11\u306a\u3044\u3060\u308d\u3046\u3068\u3044\u3046\u3053\u3068\u3082\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/13927\" data-type=\"post\" data-id=\"13927\">\u9285\u76f8\u5834\u3068\u30c6\u30fc\u30d1\u30ea\u30f3\u30b0: \u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3\u3001\u91d1\u3068\u306e\u6bd4\u8f03<\/a><\/li><\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3082\u30b4\u30fc\u30eb\u30c9\u3092\u5916\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u7b46\u8005\u306e\u898b\u65b9\u306b\u540c\u610f\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306a\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30b4\u30fc\u30eb\u30c9\u4ee5\u5916\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u30b4\u30fc\u30eb\u30c9\u4ee5\u5916\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u3069\u3046\u306a\u306e\u3060\u308d\u3046\u304b\uff1f\u3000\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u53bb\u5e74\u306e\u5e95\u5024\u304b\u308975%\u4e0a\u6607\u3057\u305f\u3002\u3069\u306e\u6307\u6570\u3092\u898b\u3066\u3082\u540c\u3058\u3060\u3002<\/p><p>75%\u3068\u3044\u3046\u3068\u65e2\u306b\u5927\u304d\u304f\u4e0a\u6607\u3057\u3066\u3057\u307e\u3063\u305f\u3088\u3046\u306b\u898b\u3048\u308b\u304c\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u5f37\u6c17\u76f8\u5834\u306f\u975e\u5e38\u306b\u9577\u3044\u3002\u4f8b\u3048\u3070S&amp;P 500\u306a\u3069\u3068\u6bd4\u3079\u308b\u3068\u3001\u9577\u671f\u7684\u306b\u898b\u308c\u3070\u307e\u3060\u304b\u306a\u308a\u5b89\u3044\u3002\u6b74\u53f2\u7684\u306b\u306f\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306b\u5f37\u6c17\u76f8\u5834\u304c\u3084\u3063\u3066\u304d\u305f\u3068\u304d\u3001\u6570\u767e\u30d1\u30fc\u30bb\u30f3\u30c8\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u671f\u5f85\u3059\u308b\u3053\u3068\u306f\u611a\u304b\u306a\u3053\u3068\u3067\u306f\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30b4\u30fc\u30eb\u30c9\u306b\u4ee3\u308f\u3063\u3066\u3053\u3053\u307e\u3067\u5927\u304d\u304f\u4e0a\u304c\u3063\u3066\u304d\u305f\u4ee3\u8868\u683c\u306f\u9285\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-copper-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-copper-long-term-chart.png\" alt=\"\" class=\"wp-image-16942\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-copper-long-term-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-copper-long-term-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u6700\u3082\u4e0a\u304c\u3063\u3066\u304d\u305f\u9285\u306f\u3001\u6d41\u77f3\u306b\u9577\u671f\u7684\u306b\u898b\u3066\u3082\u9ad8\u5024\u6c34\u6e96\u306b\u3042\u308b\u3002\u3067\u306f\u6bd4\u8f03\u7684\u51fa\u9045\u308c\u3068\u8a00\u3048\u308b\u8fb2\u4f5c\u7269\u306f\u3069\u3046\u3060\u308d\u3046\u304b\uff1f\u3000\u4ee5\u4e0b\u306f\u3068\u3046\u3082\u308d\u3053\u3057\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-corn-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-corn-long-term-chart.png\" alt=\"\" class=\"wp-image-16944\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-corn-long-term-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-corn-long-term-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u307e\u3060\u904e\u53bb\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u30d0\u30d6\u30eb\u306e\u534a\u5206\u306e\u4e0a\u6607\u3068\u3044\u3063\u305f\u611f\u3058\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u306f\u7802\u7cd6\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-sugar-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-sugar-long-term-chart.png\" alt=\"\" class=\"wp-image-16945\" width=\"695\" height=\"504\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-sugar-long-term-chart.png 724w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/10\/2021-10-28-sugar-long-term-chart-300x218.png 300w\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u3061\u3089\u3082\u307e\u3060\u534a\u5206\u3057\u304b\u4e0a\u6607\u3057\u3066\u3044\u306a\u3044\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u300c\u9577\u671f\u7684\u306b\u306f\u5b89\u3044\u300d\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u306f\u3053\u3046\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u6052\u5927\u96c6\u56e3\u306e\u554f\u984c<\/strong><\/p>\n\n\n\n<p>\u4e00\u65b9\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e02\u5834\u306b\u306f\u6700\u8fd1\u8ffd\u52a0\u3055\u308c\u305f\u65b0\u305f\u306a\u554f\u984c\u304c\u3042\u308b\u3002\u6052\u5927\u96c6\u56e3\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u5371\u6a5f\u306b\u7aef\u3092\u767a\u3059\u308b\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/15898\" data-type=\"post\" data-id=\"15898\">\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<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u306e\u554f\u984c\u306b\u95a2\u9023\u3057\u3066\u3001\u7b46\u8005\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u7a7a\u58f2\u308a\u9298\u67c4\u306e\u7b46\u982d\u3068\u3057\u3066\u9244\u9271\u77f3\u3092\u6319\u3052\u3066\u3044\u308b\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>\u4e2d\u56fd\u306f\u4e16\u754c\u306e\u9244\u9271\u77f3\u8f38\u5165\u306e75%\u3092\u5360\u3081\u3066\u304a\u308a\u3001\u305d\u306e\u5927\u534a\u304c\u5efa\u8a2d\u306b\u4f7f\u308f\u308c\u3066\u3044\u308b\u3002\u3069\u3046\u8003\u3048\u3066\u3082\u4e2d\u56fd\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u6642\u306e\u7b46\u982d\u7a7a\u58f2\u308a\u5bfe\u8c61\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3053\u3053\u307e\u3067\u4e00\u756a\u306b\u4e0a\u304c\u3063\u3066\u304d\u305f\u9285\u3082\u3001\u4e2d\u56fd\u304c\u8f38\u5165\u306e43%\u3092\u5360\u3081\u308b\u4e2d\u56fd\u9298\u67c4\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3001\u305d\u306e\u4ed6\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306b\u306f\u30ea\u30d9\u30e9\u30eb\u6d3e\u304c\u9032\u3081\u305f\u8131\u70ad\u7d20\u653f\u7b56\u3068\u3044\u3046\u4e0a\u3052\u8981\u56e0\u304c\u3042\u308b\u3002\u3053\u308c\u3089\u653f\u6cbb\u7684\u306a\u4eba\u3005\u304c\u7121\u7406\u306b\u5316\u77f3\u71c3\u6599\u306e\u751f\u7523\u3092\u6e1b\u3089\u3057\u305f\u305f\u3081\u306b\u3001\u539f\u6cb9\u3084\u5929\u7136\u30ac\u30b9\u306e\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u3066\u3044\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\/16442\" data-type=\"post\" data-id=\"16442\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u3092\u9ad8\u9a30\u3055\u305b\u308b\u8131\u70ad\u7d20\u653f\u7b56\u306f\u5065\u5168\u3067\u306f\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u7279\u306b\u81ea\u5206\u304c\u9032\u3081\u305f\u300c\u30a8\u30b3\u300d\u653f\u7b56\u3067\u4e00\u756a\u82e6\u3057\u3093\u3067\u3044\u308b\u30e8\u30fc\u30ed\u30c3\u30d1\u306f\u81ea\u696d\u81ea\u5f97\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16682\" data-type=\"post\" data-id=\"16682\">\u30d5\u30e9\u30f3\u30b9\u3001\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3067\u73fe\u91d1\u7d66\u4ed8\u3078<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u308c\u3092\u771f\u4f3c\u3059\u308b\u83c5\u6c0f\u3001\u5c0f\u6cc9\u6c0f\u3001\u5cb8\u7530\u6c0f\u3092\u9078\u3093\u3060\u65e5\u672c\u56fd\u6c11\u3082\u9060\u304b\u3089\u305a\u81ea\u696d\u81ea\u5f97\u306b\u76f4\u9762\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16728\" data-type=\"post\" data-id=\"16728\">\u65e5\u672c\u7d4c\u6e08\u306f\u3053\u3046\u3059\u308c\u3070\u5fa9\u6d3b\u3059\u308b\u3000\u81ea\u6c11\u515a\u304c\u7d76\u5bfe\u306b\u5b9f\u884c\u3057\u306a\u3044\u7d4c\u6e08\u653f\u7b56<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306b\u306f\u304b\u306a\u308a\u5f37\u529b\u306a\u4e0a\u3052\u8981\u56e0\u3068\u4e0b\u3052\u8981\u56e0\u304c\u540c\u5c45\u3057\u3066\u3044\u308b\u3002\u9298\u67c4\u306b\u3088\u3063\u3066\u660e\u6697\u306f\u304b\u306a\u308a\u5225\u308c\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u9ad8\u9a30\u306f\u653f\u6cbb\u5bb6\u304c\u8131\u70ad\u7d20\u653f\u7b56\u306b\u56fa\u57f7\u3059\u308b\u9650\u308a\u7d9a\u304d\u3001\u91d1\u878d\u5e02\u5834\u306f\u30ea\u30d9\u30e9\u30eb\u6d3e\u3092\u7f70\u3057\u7d9a\u3051\u308b\u3060\u308d\u3046\u3002\u8fb2\u4f5c\u7269\u306b\u95a2\u3057\u3066\u8a00\u3048\u3070\u3001\u30d0\u30a4\u30aa\u30a8\u30bf\u30ce\u30fc\u30eb\u306e\u71c3\u6599\u3068\u306a\u308b\u3068\u3046\u3082\u308d\u3053\u3057\u3084\u7802\u7cd6\u306f\u76f8\u5bfe\u7684\u306b\u5f37\u3044\u5c55\u958b\u304c\u7d9a\u304f\u3002\u4e00\u65b9\u3067\u9244\u9271\u77f3\u306f\u5b8c\u5168\u306b\u7d42\u308f\u308a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u77ed\u671f\u7684\u306a\u6c34\u6e96\u306b\u3064\u3044\u3066\u3082\u6b21\u306e\u3088\u3046\u306b\u30b3\u30e1\u30f3\u30c8\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>\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u304c\u3053\u308c\u307e\u3067\u4e00\u5207\u8abf\u6574\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u4e8b\u5b9f\u304c\u306a\u3051\u308c\u3070\u304c\u3080\u3057\u3083\u3089\u306b\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306b\u5f37\u6c17\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p><p>\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u3053\u308c\u307e\u3067\u304b\u306a\u308a\u4e0a\u6607\u3057\u305f\u305f\u3081\u306b\u6700\u826f\u306e\u6295\u8cc7\u5148\u3068\u306f\u8a00\u3048\u306a\u3044\u304c\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e30%\u306f\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3067\u6301\u3061\u305f\u3044\u3068\u601d\u3046\u3002<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u3053\u308c\u307e\u3067\u4e0a\u6607\u76f8\u5834\u304c\u7d9a\u3044\u3066\u3044\u308b\u91d1\u5c5e\u3084\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u9298\u67c4\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3057\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":[149,156,57,110],"tags":[131],"class_list":["post-16915","post","type-post","status-publish","format-standard","hentry","category-copper","category-sugar","category-commodity-markets","category-gold","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/16915","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=16915"}],"version-history":[{"count":43,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/16915\/revisions"}],"predecessor-version":[{"id":16962,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/16915\/revisions\/16962"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=16915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=16915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=16915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}