{"id":17864,"date":"2021-12-04T20:03:00","date_gmt":"2021-12-04T11:03:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=17864"},"modified":"2021-12-04T18:44:34","modified_gmt":"2021-12-04T09:44:34","slug":"%e4%b8%96%e7%95%8c%e6%9c%80%e5%a4%a7%e3%81%ae%e3%83%98%e3%83%83%e3%82%b8%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89-%e6%8a%95%e8%b3%87%e5%ae%b6%e3%81%af%e3%82%aa%e3%83%9f%e3%82%af%e3%83%ad%e3%83%b3%e6%a0%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17864","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u6295\u8cc7\u5bb6\u306f\u30aa\u30df\u30af\u30ed\u30f3\u682a\u306b\u3069\u3046\u5bfe\u51e6\u3059\u3079\u304d\u304b"},"content":{"rendered":"\n<p>\u524d\u3005\u56de\u306b\u5f15\u304d\u7d9a\u304d\u3001\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306eCNBC\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30aa\u30df\u30af\u30ed\u30f3\u682a\u3067\u682a\u4fa1\u4e0b\u843d<\/strong><\/p>\n\n\n\n<p>\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002\u5f15\u304d\u91d1\u306b\u306a\u3063\u305f\u306e\u306f\u5357\u30a2\u30d5\u30ea\u30ab\u3067\u767a\u898b\u3055\u308c\u305f\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a3\u30eb\u30b9\u306e\u30aa\u30df\u30af\u30ed\u30f3\u682a\u3067\u3001\u5909\u7570\u304c\u591a\u3044\u3053\u3068\u304b\u3089\u65e2\u5b58\u306e\u30ef\u30af\u30c1\u30f3\u306e\u6709\u52b9\u6027\u304c\u7591\u308f\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u4eca\u306e\u3068\u3053\u308d\u306f\u4e2d\u671f\u30c0\u30a6\u30f3\u30c8\u30ec\u30f3\u30c9\u3068\u3044\u3046\u3068\u3053\u308d\u3060\u308d\u3046\u304b\u3002\u4ee5\u4e0b\u306f\u7c73\u56fd\u306e\u682a\u4fa1\u6307\u6570S&amp;P 500\u306e\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\/12\/2021-12-4-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/12\/2021-12-4-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-17867\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/12\/2021-12-4-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/12\/2021-12-4-s-and-p-500-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306f\u3069\u3046\u3059\u3079\u304d\u3060\u308d\u3046\u304b\uff1f\u3000\u3059\u3050\u306b\u3067\u3082\u9003\u3052\u308b\u3079\u304d\u3060\u308d\u3046\u304b\uff1f\u3000\u53f8\u4f1a\u8005\u306b\u305d\u3046\u5c0b\u306d\u3089\u308c\u305f\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7b54\u3048\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u305d\u308c\u306f\u611a\u304b\u8005\u306e\u3084\u308b\u3053\u3068\u3060\u3002\u682a\u5f0f\u5e02\u5834\u304c\u3042\u308a\u3001\u3044\u3064\u5165\u308b\u304b\u3001\u3044\u3064\u51fa\u308b\u304b\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u8003\u3048\u308b\u3068\u3057\u3088\u3046\u3002<\/p><p>\u65b0\u3057\u3044\u5909\u7570\u682a\u304c\u3069\u3046\u306a\u308b\u304b\u3001\u4ed6\u306e\u3053\u3068\u304c\u3069\u3046\u306a\u308b\u304b\u4e88\u60f3\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u3057\u304b\u3057\u591a\u304f\u306e\u3053\u3068\u306f\u591a\u304f\u306e\u307b\u304b\u306e\u3053\u3068\u306b\u4f9d\u5b58\u3057\u3066\u304a\u308a\u3001\u4e92\u3044\u306b\u5f71\u97ff\u3057\u5408\u3063\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u306b\u306f\u300c\u982d\u3068\u5c3b\u5c3e\u306f\u304f\u308c\u3066\u3084\u308c\u300d\u3068\u3044\u3046\u683c\u8a00\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u3068\u3057\u3066\u306f\u77ed\u671f\u7684\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u51fa\u6765\u308b\u9650\u308a\u4e88\u6e2c\u3059\u3079\u304d\u3060\u3068\u306f\u601d\u3046\u304c\u3001\u305d\u308c\u3067\u3082\u5b8c\u74a7\u306b\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u8aad\u3080\u3053\u3068\u306f\u512a\u308c\u305f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u3082\u7121\u7406\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u7b46\u8005\u306f\u5e78\u3044\u306b\u30822018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u304c\u3001\u305d\u308c\u3067\u3082\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u5b8c\u5168\u306a\u5929\u4e95\u304b\u3089\u6570\u9031\u9593\u305a\u308c\u3066\u3044\u305f\u3002\u5f53\u6642\u4ee5\u4e0b\u306e\u3088\u3046\u306b\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\/7927\" data-type=\"post\" data-id=\"7927\">\u30d0\u30d6\u30eb\u306e\u9802\u70b9\u3067\u65e5\u7d4c\u5e73\u5747\u306f\u4e0a\u6607\u3001\u7a7a\u58f2\u308a\u3092\u6de1\u3005\u3068\u7d99\u7d9a (2018\/9\/20)<\/a><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3082\u3057\u304b\u3057\u305f\u308923,000\u5186\u304c\u5929\u4e95\u3068\u306a\u308b\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u305d\u3046\u3067\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p><p>\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u3001\u91cd\u8981\u306a\u306e\u306f\u77ed\u671f\u7684\u306a\u5024\u52d5\u304d\u3067\u306f\u306a\u304f\u3001\u3053\u3053\u304c\u5927\u5929\u4e95\u3067\u3042\u308b\u3068\u3044\u3046\u76f8\u5834\u89b3\u304c\u5f53\u305f\u308b\u304b\u3069\u3046\u304b\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u7279\u306b\u30c0\u30ea\u30aa\u6c0f\u306f\u30b3\u30ed\u30ca\u306e\u7b2c1\u6ce2\u3092\u904e\u5c0f\u8a55\u4fa1\u3057\u3066\u5927\u640d\u3092\u88ab\u3063\u3066\u3044\u308b\u304b\u3089\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u983c\u3063\u305f\u53d6\u5f15\u306f\u3084\u308a\u305f\u304f\u306a\u3044\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30aa\u30df\u30af\u30ed\u30f3\u682a\u306b\u5bfe\u51e6\u3059\u308b<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u3069\u3046\u3059\u308c\u3070\u826f\u3044\u304b\uff1f\u3000\u30c0\u30ea\u30aa\u6c0f\u306f\u6295\u8cc7\u5bb6\u304c\u30aa\u30df\u30af\u30ed\u30f3\u682a\u306b\u5bfe\u51e6\u3059\u308b\u65b9\u6cd5\u3092\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u6295\u8cc7\u5bb6\u306f2\u3064\u306e\u3053\u3068\u306b\u6c17\u4ed8\u304f\u5fc5\u8981\u304c\u3042\u308b\u3002\u307e\u305a\u3001\u73fe\u91d1\u306f\u5b89\u5168\u306a\u6295\u8cc7\u5148\u3067\u306f\u306a\u3044\u3002\u73fe\u91d1\u306e\u4fa1\u5024\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u76ee\u6e1b\u308a\u3059\u308b\u304b\u3089\u3060\u3002\u91d1\u5229\u3082\u4ed8\u304b\u306a\u3044\u3002\u984d\u9762\u4fa1\u5024\u304c\u5909\u308f\u3089\u306a\u3044\u304b\u3089\u826f\u3055\u305d\u3046\u306b\u898b\u3048\u308b\u3060\u3051\u3067\u3001\u5b9f\u969b\u306b\u306f\u6bce\u5e74\u6570\u30d1\u30fc\u30bb\u30f3\u30c8\u6e1b\u4fa1\u3057\u3066\u3044\u308b\u3002\u73fe\u91d1\u304b\u3089\u96e2\u308c\u308b\u3079\u304d\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u300c\u73fe\u91d1\u306f\u30b4\u30df\u300d\u3068\u3044\u3046\u306e\u306f\u30c0\u30ea\u30aa\u6c0f\u304c\u6570\u5e74\u524d\u306b\u30c0\u30dc\u30b9\u3067\u767a\u8a00\u3057\u3066\u4ee5\u6765\u6709\u540d\u306b\u306a\u3063\u305f\u8a00\u8449\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9645\" data-type=\"post\" data-id=\"9645\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u300c\u73fe\u91d1\u304c\u30b4\u30df\u300d\u306b\u306a\u3063\u305f\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u7d4c\u9a13\u3092\u8a9e\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u5f7c\u306f\u305d\u306e\u5f8c\u91d1\u672c\u4f4d\u5236\u3092\u7dad\u6301\u3067\u304d\u306a\u304f\u306a\u3063\u305f\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u306b\u8a00\u53ca\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u7d19\u5e63\u5370\u5237\u306b\u3088\u308b\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u4f55\u5e74\u3082\u8b66\u544a\u3057\u3066\u3044\u305f\u306e\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u5b9f\u969b\u306b\u73fe\u91d1\u306f\u30b4\u30df\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3002\u7269\u4fa1\u9ad8\u9a30\u304c\u9032\u3081\u3070\u3044\u304f\u3089\u73fe\u91d1\u3092\u6301\u3063\u3066\u3044\u3063\u3066\u3082\u5546\u54c1\u306f\u8cb7\u3048\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u73fe\u91d1\u306b\u3082\u983c\u308c\u305a\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u73fe\u72b6\u3067\u306f\u3069\u3046\u3059\u308b\u3079\u304d\u306a\u306e\u304b\uff1f\u3000\u30c0\u30ea\u30aa\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>\u6b21\u306b\u3001\u30d0\u30e9\u30f3\u30b9\u306e\u53d6\u308c\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u69cb\u6210\u3059\u3079\u304d\u3060\u3002<\/p><p>\u91d1\u878d\u5e02\u5834\u3067\u306f\u3001\u4f55\u304b\u304c\u8d77\u3053\u308c\u3070\u5225\u306e\u3068\u3053\u308d\u3067\u5225\u306e\u3053\u3068\u304c\u8d77\u304d\u308b\u3002\u4f8b\u3048\u3070\u6700\u8fd1\u306e\u5e02\u5834\u3067\u306f\u3001\u7d4c\u6e08\u6210\u9577\u304c\u5371\u3076\u307e\u308c\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u5834\u5408\u3001\u7de9\u548c\u304c\u884c\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u306e\u3067\u50b5\u5238\u5e02\u5834\u304c\u4e0a\u304c\u308b\u3002<\/p><p>\u4ed6\u306b\u3082\u30b4\u30fc\u30eb\u30c9\u304c\u3069\u3046\u52d5\u304f\u304b\u306a\u3069\u3001\u5e02\u5834\u3067\u4f55\u304c\u8d77\u3053\u308b\u306e\u304b\u6bce\u65e5\u898b\u3066\u3044\u308c\u3070\u3001\u305d\u3046\u3057\u305f\u95a2\u4fc2\u6027\u304c\u898b\u3048\u3066\u304f\u308b\u3002\u5e02\u5834\u3067\u306f\u8cc7\u91d1\u306f\u306a\u304f\u306a\u308b\u3068\u3044\u3046\u3088\u308a\u306f\u79fb\u3063\u3066\u3086\u304f\u306e\u3067\u3001\u30d0\u30e9\u30f3\u30b9\u306e\u53d6\u308c\u305f\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7d44\u3080\u3053\u3068\u304c\u4e00\u756a\u5927\u5207\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u7c21\u5358\u306b\u8a00\u3046\u304c\u3001\u306f\u3063\u304d\u308a\u8a00\u3048\u3070\u3053\u308c\u306f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3082\u4e00\u756a\u96e3\u3057\u3044\u4ed5\u4e8b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7c21\u5358\u306b\u8a00\u3048\u3070\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u6642\u306b\u3082\u4fa1\u683c\u304c\u4e0a\u304c\u308b\u3082\u306e\u3092\u8cb7\u3048\u3070\u826f\u3044\u306e\u3060\u304c\u3001\u73fe\u72b6\u3067\u306f\u5177\u4f53\u7684\u306b\u3069\u3046\u3044\u3063\u305f\u3053\u3068\u304c\u51fa\u6765\u308b\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p><strong>\u30d0\u30e9\u30f3\u30b9\u306e\u53d6\u308c\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u304b\u3089\u5148\u306f\u7b46\u8005\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3067\u5177\u4f53\u7684\u306b\u8aac\u660e\u3057\u3088\u3046\u3002\u30aa\u30df\u30af\u30ed\u30f3\u682a\u306e\u51fa\u73fe\u3067\u682a\u306f\u4e0b\u304c\u3063\u305f\u304c\u3001\u3053\u3053\u3067\u8a00\u53ca\u3057\u3066\u304d\u305f\u7b46\u8005\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u4e2d\u306b\u306f\u5229\u76ca\u3092\u4e0a\u3052\u305f\u3082\u306e\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u756a\u5206\u304b\u308a\u3084\u3059\u3044\u306e\u306f\u30e6\u30fc\u30ed\u306b\u5bfe\u3059\u308b\u5b89\u5168\u901a\u8ca8\u30b9\u30a4\u30b9\u30d5\u30e9\u30f3\u306e\u8cb7\u3044\uff08\u3064\u307e\u308a\u30e6\u30fc\u30ed\u30b9\u30a4\u30b9\u30d5\u30e9\u30f3\u306e\u7a7a\u58f2\u308a\uff09\u3067\u3042\u308a\u3001\u5143\u3005\u4e0b\u304c\u3063\u3066\u3044\u305f\u3068\u3053\u308d\u306b\u30aa\u30df\u30af\u30ed\u30f3\u682a\u306b\u3088\u308b\u30ea\u30b9\u30af\u30aa\u30d5\u304c\u62cd\u8eca\u3092\u304b\u3051\u3001\u30e6\u30fc\u30ed\u30b9\u30a4\u30b9\u30d5\u30e9\u30f3\u306f\u6025\u843d\uff08\u30e6\u30fc\u30ed\u4e0b\u843d\u3001\u30b9\u30a4\u30b9\u30d5\u30e9\u30f3\u4e0a\u6607\uff09\u3092\u7d9a\u3051\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\/12\/2021-12-4-eurchf-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/12\/2021-12-4-eurchf-chart.png\" alt=\"\" class=\"wp-image-17891\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/12\/2021-12-4-eurchf-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/12\/2021-12-4-eurchf-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u901a\u8ca8\u9ad8\u3092\u61f8\u5ff5\u3057\u305f\u30b9\u30a4\u30b9\u56fd\u7acb\u9280\u884c\u306f\u4ecb\u5165\u3092\u8b66\u544a\u3057\u3066\u3044\u308b\u304c\u3001\u9577\u671f\u7684\u306a\u30c8\u30ec\u30f3\u30c9\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17705\" data-type=\"post\" data-id=\"17705\">\u904e\u53bb5\u5e74\u3067\u8ca1\u653f\u9ed2\u5b57\u306e\u30b9\u30a4\u30b9\u3001\u901a\u8ca8\u4e0a\u6607\u3067\u4e2d\u9280\u304c\u70ba\u66ff\u4ecb\u5165\u3092\u8b66\u544a<\/a><\/li><\/ul>\n\n\n\n<p>\u4ed6\u306b\u306f\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3067\u3042\u308b\u3002\u30c9\u30eb\u5186\u306b\u3064\u3044\u3066\u306f\u590f\u9803\u306b\u898b\u901a\u3057\u3092\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\/14778\" data-type=\"post\" data-id=\"14778\">\u30c9\u30eb\u5186\u898b\u901a\u3057: \u666f\u6c17\u56de\u5fa9\u76f8\u5834\u304b\u3089\u8ffd\u52a0\u523a\u6fc0\u306e\u50ac\u4fc3\u76f8\u5834\u3078 (2021\/8\/7)<\/a><\/li><\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u6b62\u307e\u3089\u306a\u304f\u306a\u308c\u3070\u6700\u7d42\u7684\u306b\u306f\u30c9\u30eb\u306f\u4e0b\u843d\u3059\u308b\u3002\u3057\u304b\u3057\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u306f\u4e0b\u843d\u307e\u3067\u5f85\u305f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u53ef\u80fd\u6027\u304c\u3042\u308b\u304c\u3001\u53cd\u5bfe\u65b9\u5411\u306b\u632f\u308c\u308b\u30ea\u30b9\u30af\u3082\u305d\u308c\u307b\u3069\u5927\u304d\u304f\u306a\u3044\u3068\u3057\u3066\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30c9\u30eb\u5186\u306e\u4e0b\u843d\u306f\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u5834\u5408\u3082\u672c\u683c\u7684\u306b\u306f\u682a\u5f0f\u5e02\u5834\u306e\u4e0b\u843d\u3092\u5f85\u305f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304b\u3063\u305f\u306e\u3067\u3001\u305d\u308c\u304c\u3059\u3050\u306b\u8d77\u3053\u308b\u304b\u3069\u3046\u304b\u306f\u5206\u304b\u3089\u306a\u3044\u3002\u3057\u304b\u3057\u3082\u3057\u8d77\u3053\u3089\u306a\u304b\u3063\u305f\u3068\u3057\u3066\u3082\u3001\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u4f8b\u3092\u8003\u3048\u308c\u3070\u30c9\u30eb\u5186\u306f\u305d\u308c\u307b\u3069\u4e0a\u65b9\u5411\u306b\u306f\u884c\u304b\u305a\u3001110\u5186\u304b\u3089115\u5186\u306e\u9593\u3067\u7559\u307e\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002\u305d\u3057\u3066\u6700\u5f8c\u306b\u306f\u6050\u3089\u304f100\u5186\u306b\u5411\u3051\u3066\u4e0b\u843d\u3057\u3066\u3086\u304f\u306e\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3053\u306e\u4e88\u60f3\u306f\u4eca\u306e\u3068\u3053\u308d\u5927\u4f53\u5f53\u305f\u3063\u3066\u3044\u308b\u3002\u4f55\u3088\u308a\u3001\u91cd\u8981\u306a\u306e\u306f\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u304c\u30ea\u30b9\u30af\u30aa\u30f3\u3067\u640d\u3092\u3057\u30ea\u30b9\u30af\u30aa\u30d5\u3067\u5229\u76ca\u306e\u51fa\u308b\u53d6\u5f15\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306f\u4ed6\u306b\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\uff08\u4e2d\u56fd\u30ea\u30b9\u30af\u304c\u5c11\u306a\u3044\u3082\u306e\uff09\u3092\u62b1\u3048\u3066\u304a\u308a\u3001\u305d\u308c\u3089\u306f\u682a\u4fa1\u3068\u3042\u308b\u7a0b\u5ea6\u9023\u52d5\u3057\u3066\u3057\u307e\u3046\u304c\u3001\u305d\u308c\u3089\u304c\u4e0b\u304c\u3063\u305f\u5834\u5408\u306b\u3082\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u304c\u53cd\u5bfe\u65b9\u5411\u306b\u4f5c\u7528\u3057\u3066\u30af\u30c3\u30b7\u30e7\u30f3\u306b\u306a\u3063\u3066\u304f\u308c\u308b\u306e\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3082\u6700\u7d42\u7684\u306b\u306f\u305d\u308c\u81ea\u8eab\u3067\u5229\u76ca\u3092\u4e0a\u3052\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u8a00\u3046\u300c\u30d0\u30e9\u30f3\u30b9\u306e\u53d6\u308c\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u300d\u3068\u306f\u3053\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\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>\u5b89\u5168\u3067\u30d0\u30e9\u30f3\u30b9\u306e\u53d6\u308c\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3067\u3042\u308c\u3070\u3001\u30ea\u30bf\u30fc\u30f3\u3092\u6e1b\u3089\u3059\u3053\u3068\u306a\u304f\u30ea\u30b9\u30af\u3092\u6e1b\u3089\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3057\u304b\u3057\u3069\u3046\u3044\u3046\u72b6\u6cc1\u3067\u3069\u3046\u3044\u3046\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u306e\u304b\u3001\u305d\u308c\u305e\u308c\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u5927\u304d\u3055\u306f\u3069\u306e\u7a0b\u5ea6\u306b\u3059\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u306f\u975e\u5e38\u306b\u96e3\u3057\u3044\u3002\u3068\u3044\u3046\u3088\u308a\u306f\u305d\u308c\u3053\u305d\u304c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u4ed5\u4e8b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u30c0\u30ea\u30aa\u6c0f\u304c\u8a00\u3046\u307b\u3069\u306b\u7c21\u5358\u306a\u3053\u3068\u3067\u306f\u306a\u3044\u306e\u3060\u304c\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u8aad\u8005\u3082\u8a66\u3057\u3066\u307f\u3066\u640d\u306f\u306a\u3044\u3082\u306e\u3060\u3068\u601d\u3046\u3002<\/p>\n\n\n\n<p>\u58f2\u8cb7\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3082\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6093\" data-type=\"post\" data-id=\"6093\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u52a9\u8a00\u3059\u308b<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u524d\u3005\u56de\u306b\u5f15\u304d\u7d9a\u304d\u3001\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306eCNBC\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111],"tags":[102],"class_list":["post-17864","post","type-post","status-publish","format-standard","hentry","category-stock-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/17864","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=17864"}],"version-history":[{"count":47,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/17864\/revisions"}],"predecessor-version":[{"id":17914,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/17864\/revisions\/17914"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=17864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=17864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=17864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}