{"id":18367,"date":"2022-01-06T20:05:00","date_gmt":"2022-01-06T11:05:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=18367"},"modified":"2022-01-06T13:53:45","modified_gmt":"2022-01-06T04:53:45","slug":"2022%e5%b9%b4%e3%81%ae%e6%a0%aa%e5%bc%8f%e5%b8%82%e5%a0%b4%e3%81%af%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e3%81%a8%e9%87%91%e8%9e%8d%e5%bc%95%e3%81%8d%e7%b7%a0%e3%82%81%e3%81%a7%e6%9a%b4%e8%90%bd","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18367","title":{"rendered":"2022\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u66b4\u843d\u3059\u308b"},"content":{"rendered":"\n<p>\u3053\u306e\u8a71\u306f\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u4f55\u3082\u30cb\u30e5\u30fc\u30b9\u3067\u306f\u306a\u3044\u306e\u3060\u304c\u3001\u4e00\u5ea6\u4eca\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306e\u898b\u901a\u3057\u3092\u7e8f\u3081\u3066\u304a\u304f\u306e\u3082\u826f\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30b3\u30ed\u30ca\u76f8\u5834\u306e\u7d42\u308f\u308a<\/strong><\/p>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u306f\u30b3\u30ed\u30ca\u4ee5\u5f8c\u975e\u5e38\u306a\u52e2\u3044\u3067\u4e0a\u6607\u3057\u3066\u304d\u305f\u3002\u4ee5\u4e0b\u306f\u91d1\u878d\u5e02\u5834\u306e\u4e2d\u5fc3\u3067\u3042\u308b\u7c73\u56fd\u682a\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002\u3053\u306e\u4e0a\u6607\u304c\u7d42\u308f\u308b\u6642\u3001\u65e5\u672c\u682a\u3092\u542b\u3081\u305f\u3059\u3079\u3066\u306e\u5e02\u5834\u304c\u7d42\u308f\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/2022-1-6-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/2022-1-6-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-18369\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/2022-1-6-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/2022-1-6-s-and-p-500-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u4eba\u306f\u4e0a\u304c\u3063\u3066\u3044\u308b\u3082\u306e\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u3068\u8003\u3048\u308b\u3082\u306e\u3067\u3001\u6700\u8fd1\u300c\u682a\u3092\u59cb\u3081\u307e\u3057\u305f\u300d\u306e\u58f0\u3092\u805e\u304f\u3053\u3068\u304c\u591a\u3044\u3088\u3046\u306b\u601d\u3046\u3002\u91d1\u878d\u5bb6\u306f\u5f53\u7136\u306a\u304c\u3089\u3001\u305d\u3046\u3057\u305f\u58f0\u3092\u5929\u4e95\u306e\u30b5\u30a4\u30f3\u3068\u3057\u3066\u53d7\u3051\u53d6\u3063\u3066\u3044\u308b\u3002\u682a\u3092\u59cb\u3081\u305f\u3070\u304b\u308a\u306e\u4eba\u306b\u306f\u6709\u96e3\u304f\u306a\u3044\u8a71\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u4e0a\u6607\u76f8\u5834\u3092\u7d42\u308f\u3089\u305b\u308b\u3082\u306e\u306f\u591a\u304f\u306e\u5834\u5408\u3001\u4e2d\u592e\u9280\u884c\u306b\u3088\u308b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304b\u3001\u5b9f\u4f53\u7d4c\u6e08\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u3067\u3042\u308b\u30022018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u306f\u524d\u8005\u30012008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306f\u5f8c\u8005\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u30662022\u5e74\u306b\u306f\u305d\u306e\u4e21\u65b9\u304c\u8a2a\u308c\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u8b66\u6212\u3057\u3066\u3044\u306a\u3044\u4eba\u306f\u4f55\u3092\u8003\u3048\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u5f37\u5236\u3059\u308b<\/strong><\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u30b3\u30ed\u30ca\u76f8\u5834\u306f\u30a2\u30e1\u30ea\u30ab\u3067\u884c\u308f\u308c\u305f\u83ab\u5927\u306a\u73fe\u91d1\u7d66\u4ed8\u3068\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066\u4e0a\u6607\u3057\u3066\u304d\u305f\u3002\u65e5\u672c\u682a\u306e\u4e0a\u6607\u306f\u305d\u308c\u306b\u5f93\u3063\u305f\u306b\u904e\u304e\u306a\u3044\u3002\u7c73\u56fd\u682a\u304c\u4e0a\u304c\u308c\u3070\u4ed6\u306e\u56fd\u306e\u682a\u3082\u4e0a\u304c\u308b\u3002\u76f8\u5834\u304c\u602a\u3057\u304f\u306a\u3063\u3066\u304f\u308c\u3070\u307e\u305a\u4ed6\u306e\u56fd\u306e\u682a\u304c\u4e0b\u843d\u3057\u3001\u6700\u5f8c\u306b\u7c73\u56fd\u682a\u304c\u843d\u3061\u308b\u30022018\u5e74\u306e\u30b1\u30fc\u30b9\u3092\u601d\u3044\u51fa\u3057\u3066\u307b\u3057\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959\" data-type=\"post\" data-id=\"7959\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0 (2018\/10\/28)<\/a><\/li><\/ul>\n\n\n\n<p>\u4eca\u306e\u3068\u3053\u308d\u7c73\u56fd\u682a\u306f\u6025\u843d\u3057\u3066\u3044\u306a\u3044\u3002\u305d\u308c\u306f\u307e\u3060\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u672c\u683c\u5316\u3057\u3066\u3044\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u30673\u56de\u884c\u308f\u308c\u305f\u73fe\u91d1\u7d66\u4ed8\u306f2021\u5e743\u6708\u3092\u6700\u5f8c\u306b\u884c\u308f\u308c\u3066\u3044\u306a\u3044\u304c\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u3068\u8a00\u3048\u3070\u3001\u4e2d\u592e\u9280\u884c\u306f\u5229\u4e0a\u3052\u306b\u5411\u3051\u3066\u52d5\u304d\u59cb\u3081\u305f\u3070\u304b\u308a\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u30a2\u30e1\u30ea\u30ab\u304c\u30b3\u30ed\u30ca\u4ee5\u5f8c\u306e\u91d1\u878d\u7de9\u548c\u3092\u64a4\u56de\u3057\u3066\u5229\u4e0a\u3052\u306b\u52d5\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u305f\u306e\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u3048\u308b\u305f\u3081\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u91d1\u7d66\u4ed8\u30671\u4eba\u3042\u305f\u308a\u6700\u59273200\u30c9\u30eb\uff08\u304a\u3088\u305d36\u4e07\u5186\uff09\u3082\u306e\u73fe\u91d1\u3092\u3070\u3089\u6492\u3051\u3070\u7269\u4fa1\u304c\u9ad8\u9a30\u3059\u308b\u306e\u306f\u5f53\u305f\u308a\u524d\u306e\u8a71\u3067\u3001\u4eba\u3005\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u826f\u3044\u3082\u306e\u3060\u3068\u3044\u3046\u30ea\u30d5\u30ec\u6d3e\u306e\u5984\u60f3\u3092\u71b1\u5fc3\u306b\u4fe1\u4ef0\u3057\u3066\u3044\u305f\u306e\u3060\u304c\u3001\u5b9f\u969b\u306b\u7269\u4fa1\u304c\u9ad8\u9a30\u3057\u3066\u521d\u3081\u3066\u3088\u3046\u3084\u304f\u300c\u7269\u4fa1\u304c\u4e0a\u6607\u3059\u308b\u300d\uff08\u30a4\u30f3\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\uff09\u3068\u3044\u3046\u8a00\u8449\u306e\u610f\u5473\u3092\u7406\u89e3\u3057\u59cb\u3081\u305f\u3088\u3046\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16629\" data-type=\"post\" data-id=\"16629\">\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f: \u30a4\u30f3\u30d5\u30ec\u306f\u3069\u3093\u3069\u3093\u9177\u304f\u306a\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u4eba\u3005\u306f\u305a\u3063\u3068\u30a4\u30f3\u30d5\u30ec\u3092\u652f\u6301\u3057\u3066\u3044\u305f\u3002\u7b46\u8005\u306f\u4f55\u5ea6\u3082\u7591\u554f\u3092\u6295\u3052\u304b\u3051\u305f\u3002\u3057\u304b\u3057\u300c\u7269\u4fa1\u4e0a\u6607\u300d\u3068\u3044\u30464\u6587\u5b57\u306f\u305d\u308c\u307b\u3069\u7406\u89e3\u304c\u96e3\u3057\u3044\u3053\u3068\u3060\u308d\u3046\u304b\uff1f\u3000\u3082\u3046\u4e00\u5ea6\u7e70\u308a\u8fd4\u3059\u304c\u3001\u7269\u4fa1\u4e0a\u6607\u3068\u306f\u7269\u4fa1\u304c\u4e0a\u6607\u3059\u308b\u3068\u3044\u3046\u610f\u5473\u3067\u3042\u308b\u3002\u30ea\u30d5\u30ec\u6d3e\u3092\u652f\u6301\u3057\u305f\u7686\u3055\u3093\u3001\u304a\u5206\u304b\u308a\u3060\u308d\u3046\u304b\u3002\u81ea\u5206\u304c\u4f55\u3092\u652f\u6301\u3057\u305f\u306e\u304b\u672c\u5f53\u306b\u5206\u304b\u3063\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11992\" data-type=\"post\" data-id=\"11992\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u4e3b\u7fa9\u306f\u975e\u79d1\u5b66\u7684\u8ff7\u4fe1<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u8131\u70ad\u7d20\u306b\u3088\u308b\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u9ad8\u9a30<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u308b\u30a4\u30f3\u30d5\u30ec\u3068\u3044\u3046\u4eba\u707d\u3092\u66f4\u306b\u60aa\u5316\u3055\u305b\u305f\u306e\u304c\u8131\u70ad\u7d20\u653f\u7b56\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u8131\u70ad\u7d20\u653f\u7b56\u3067\u7b46\u8005\u304c\u60f3\u50cf\u3059\u308b\u306e\u306f\u96ea\u306b\u57cb\u3082\u308c\u305f\u30bd\u30fc\u30e9\u30fc\u30d1\u30cd\u30eb\u3084\u7121\u98a8\u306e\u4e2d\u306b\u9759\u304b\u306a\u4f47\u307e\u3044\u3092\u898b\u305b\u308b\u98a8\u529b\u767a\u96fb\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u305d\u308c\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u307b\u3068\u3093\u3069\u4fe1\u4ef0\u306e\u30ec\u30d9\u30eb\u306b\u9054\u3057\u3066\u3044\u308b\u8131\u70ad\u7d20\u306a\u4eba\u3005\u306f\u3001\u983c\u308a\u306b\u306a\u3089\u306a\u3044\u98a8\u529b\u30fb\u592a\u967d\u5149\u767a\u96fb\u306b\u81a8\u5927\u306a\u7a0e\u91d1\u3092\u6295\u5165\u3059\u308b\u4e00\u65b9\u3067\u5316\u77f3\u71c3\u6599\u306e\u63a1\u6398\u3092\u5f37\u5236\u7684\u306b\u6e1b\u5c11\u3055\u305b\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u7d50\u679c\u3069\u3046\u306a\u3063\u305f\u304b\u3001\u3053\u3093\u306a\u3053\u3068\u3092\u308f\u3056\u308f\u3056\u8aac\u660e\u3059\u308b\u5fc5\u8981\u3082\u306a\u3044\u3068\u601d\u3046\u306e\u3060\u304c\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u305f\u3002\u8131\u70ad\u7d20\u3092\u7121\u7406\u306b\u5f37\u884c\u3057\u305f\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u72b6\u6cc1\u306f\u7279\u306b\u9177\u304f\u3001\u5929\u7136\u30ac\u30b9\u4fa1\u683c\u304c\u4e00\u664210\u500d\u4ee5\u4e0a\u306b\u306a\u308b\u306a\u3069\u3001\u8ca7\u56f0\u5c64\u306f\u65e5\u672c\u3088\u308a\u53b3\u3057\u3044\u51ac\u3092\u6696\u623f\u306a\u3057\u3067\u904e\u3054\u3059\u3053\u3068\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u304b\u306d\u306a\u3044\u72b6\u6cc1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u8131\u70ad\u7d20\u3092\u5f37\u884c\u3057\u3066\u3044\u308b\u30ea\u30d9\u30e9\u30eb\u6d3e\u306f\u5927\u62b5\u306f\u9ad8\u6240\u5f97\u5c64\u306a\u306e\u3067\u3001\u8131\u70ad\u7d20\u306f\u8ca7\u56f0\u5c64\u3092\u72a0\u7272\u306b\u3057\u305f\u4e0a\u6d41\u968e\u7d1a\u306e\u507d\u5584\u3068\u8a00\u3046\u307b\u304b\u306a\u3044\u3002\u5c11\u306a\u304f\u3068\u3082\u5f7c\u3089\u306f\u51ac\u306e\u9593\u6696\u623f\u3092\u4f7f\u3046\u3079\u304d\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u3002\u6696\u623f\u3092\u4f7f\u3048\u306a\u304f\u306a\u308b\u306e\u306f\u4ed6\u4eba\u3067\u306f\u306a\u304f\u3001\u5f7c\u3089\u3067\u3042\u308b\u3079\u304d\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>\u4e00\u65b9\u3067\u4e2d\u56fd\u4eba\u306f\u308d\u3046\u305d\u304f\u3068\u3044\u3046\u89e3\u6c7a\u7b56\u3092\u767a\u660e\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16155\" data-type=\"post\" data-id=\"16155\">\u4e2d\u56fd\u3001\u96fb\u529b\u4e0d\u8db3\u6df1\u523b\u5316\u3067\u308d\u3046\u305d\u304f\u304c\u5927\u4eba\u6c17<\/a><\/li><\/ul>\n\n\n\n<p>\u5bfe\u7167\u7684\u306b\u3001\u3069\u3046\u8003\u3048\u3066\u3082\u5b89\u5b9a\u4f9b\u7d66\u304c\u4e0d\u53ef\u80fd\u306a\u98a8\u529b\u3084\u592a\u967d\u5149\u306a\u3069\u306b\u306f\u83ab\u5927\u306a\u7a0e\u91d1\u304c\u6295\u5165\u3055\u308c\u305f\u3002\u305d\u3057\u3066\u305d\u306e\u5bfe\u4fa1\u306b\u56fd\u6c11\u304c\u53d7\u3051\u53d6\u308b\u3082\u306e\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eba\u3005\u306e\u7a3c\u304e\u306f\u6240\u5f97\u7a0e\u3068\u793e\u4f1a\u4fdd\u967a\u6599\u3068\u6d88\u8cbb\u7a0e\u3067\u307e\u305a\u534a\u5206\u4ee5\u4e0a\u304c\u6d88\u3048\u3001\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3067\u5b9f\u8cea\u7684\u4fa1\u5024\u304c\u66f4\u306b\u524a\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u305d\u3046\u3057\u3066\u4f5c\u3089\u308c\u305f\u30bd\u30fc\u30e9\u30fc\u30d1\u30cd\u30eb\u306f\u4eca\u96ea\u306b\u57cb\u3082\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u672c\u5f53\u306b\u6709\u6a29\u8005\u306f\u653f\u6cbb\u5bb6\u3068\u305d\u306e\u304a\u3053\u307c\u308c\u3092\u9802\u6234\u3059\u308b\u696d\u8005\u306b\u4eba\u751f\u306e\u5927\u534a\u3092\u308f\u3056\u308f\u3056\u732e\u4e0a\u3059\u308b\u81ea\u767a\u7684\u306a\u5974\u96b7\u3060\u3068\u8a00\u3046\u307b\u304b\u306a\u3044\u3002\u5f7c\u3089\u306f\u597d\u304d\u3067\u3084\u3063\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u5fc3\u304b\u3089\u306e\u5fdc\u63f4\u3092\u8d08\u308b\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u304c\u5f15\u304d\u8d77\u3053\u3059\u91d1\u878d\u5f15\u304d\u7de0\u3081<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3053\u3046\u3057\u305f\u653f\u7b56\u306e\u7d50\u679c\u56fd\u6c11\u304c\u53d7\u3051\u53d6\u308b\u306e\u306f\u30a4\u30f3\u30d5\u30ec\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u4e2d\u592e\u9280\u884c\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u5236\u3059\u308b\u305f\u3081\u306b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18136\" data-type=\"post\" data-id=\"18136\">12\u6708FOMC\u4f1a\u5408\u7d50\u679c: \u5229\u4e0a\u30523\u56de\u793a\u5506\u3067\u30bf\u30ab\u6d3e\u306b\u8ee2\u63db\u3082\u682a\u4fa1\u306f\u4e0a\u6607<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u306f\u30c7\u30d5\u30ec\u304c\u3042\u3063\u305f\u304a\u9670\u3067\u7121\u5c3d\u8535\u306b\u91d1\u878d\u7de9\u548c\u3092\u3057\u3066\u3044\u3089\u308c\u305f\u30022018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3082\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u3057\u3066\u7de9\u548c\u306b\u79fb\u884c\u3067\u304d\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u53ce\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u4eca\u56de\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u3042\u308b\u3002\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u308f\u306a\u3051\u308c\u3070\u66f4\u306b\u7269\u4fa1\u304c\u9ad8\u9a30\u3059\u308b\u3002\u4e2d\u592e\u9280\u884c\u306b\u306f\u3082\u3046\u9078\u629e\u80a2\u304c\u306a\u3044\u306e\u3067\u3042\u308b\u3002\u5f15\u304d\u7de0\u3081\u3092\u5f37\u884c\u3059\u308c\u3070\u682a\u4fa1\u304c\u66b4\u843d\u3057\u3001\u3057\u306a\u3051\u308c\u3070\u7269\u4fa1\u304c\u9ad8\u9a30\u3059\u308b\u3002\u3053\u308c\u304c\u307e\u3055\u306b\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306b\u3088\u3063\u3066\u5f15\u304d\u8d77\u3053\u3055\u308c\u308b\u3053\u306e\u4e16\u306e\u7d42\u308f\u308a\u3067\u3042\u308b\u3002\u3042\u3068\u306f\u3082\u3046\u843d\u3061\u308b\u3057\u304b\u306a\u3044\u3002\u3082\u3046\u8a70\u3093\u3067\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7de9\u548c\u306b\u3088\u3063\u3066\u4e0a\u6607\u3057\u3066\u304d\u305f\u30b3\u30ed\u30ca\u76f8\u5834\u304b\u3089\u307e\u305a\u73fe\u91d1\u7d66\u4ed8\u304c\u306a\u304f\u306a\u308a\u3001\u6b21\u306b\u91d1\u878d\u7de9\u548c\u304c\u306a\u304f\u306a\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u3069\u3046\u8003\u3048\u3066\u3082\u4e0a\u6607\u76f8\u5834\u306e\u571f\u53f0\u306f\u3082\u3046\u306a\u3044\u306e\u3060\u304c\uff08\u53cd\u8ad6\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u307b\u3057\u3044\uff09\u3001\u30d0\u30d6\u30eb\u3068\u306f\u3044\u3064\u3082\u3053\u3046\u3044\u3046\u3082\u306e\u3067\u3001\u4eba\u3005\u304c\u305d\u308c\u306b\u6c17\u4ed8\u304f\u306e\u306b\u306f\u6642\u9593\u304c\u304b\u304b\u308b\u3002<\/p>\n\n\n\n<p>\u524d\u56de\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u3042\u3063\u305f2018\u5e74\u306e\u30b1\u30fc\u30b9\u3067\u306f\u5229\u4e0a\u3052\u306f9\u56de\u884c\u308f\u308c\u305f\u3002\u305d\u3057\u3066\u305d\u306e\u5f8c\u3001\u682a\u4fa1\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u8010\u3048\u3089\u308c\u305a\u66b4\u843d\u3057\u305f\u3002\u4ee5\u4e0b\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u7b56\u91d1\u5229\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\/11\/2021-11-8-federal-funds-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"510\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/2021-11-8-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-17181\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/2021-11-8-federal-funds-rate-chart.png 510w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/2021-11-8-federal-funds-rate-chart-300x275.png 300w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/figure>\n\n\n\n<p>\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u682a\u4fa1\u306f\u66b4\u843d\u3059\u308b\u3002\u5b9f\u969b\u305d\u306e\u3088\u3046\u306b\u306a\u3063\u305f\u3002\u3057\u304b\u3057\u5f53\u6642\u306e\u682a\u5f0f\u5e02\u5834\u304c9\u56de\u3082\u5229\u4e0a\u3052\u306b\u8010\u3048\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u9a5a\u304f\u3079\u304d\u4e8b\u5b9f\u3067\u3042\u308b\u3002\u305d\u306e\u539f\u56e0\u306f\u5229\u4e0a\u3052\u306e\u9032\u884c\u304c\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u89aa\u30d3\u30b8\u30cd\u30b9\u7684\u653f\u7b56\u3068\u91cd\u306a\u3063\u305f\u304b\u3089\u3067\u3001\u30b3\u30ed\u30ca\u3067\u50b7\u3093\u3060\u4eca\u306e\u5b9f\u4f53\u7d4c\u6e08\u306b\u540c\u3058\u4f53\u529b\u306f\u306a\u3044\u3060\u308d\u3046\u3002\u7b46\u8005\u3092\u542b\u3081\u3001\u591a\u304f\u306e\u5c02\u9580\u5bb6\u306f4\u56de\u7a0b\u5ea6\u306e\u5229\u4e0a\u3052\u304c\u9650\u754c\u3060\u3068\u898b\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17915\" data-type=\"post\" data-id=\"17915\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u5e02\u5834\u3092\u6025\u843d\u3055\u305b\u3066\u30824\u56de\u306e\u5229\u4e0a\u3052\u304c\u5fc5\u8981<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca<\/strong><\/p>\n\n\n\n<p>\u73fe\u5728\u3001\u91d1\u878d\u5e02\u5834\u3067\u306f\u4eca\u5e74\u4e2d\u306b3\u56de\u304b4\u56de\u306e\u5229\u4e0a\u3052\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u304b\u3089\u3001\u5229\u4e0a\u3052\u3060\u3051\u898b\u308c\u3070\u66b4\u843d\u306e\u30bf\u30a4\u30e0\u30ea\u30df\u30c3\u30c8\u306f\u5e74\u5185\u304b\u3001\u3082\u3057\u304b\u3059\u308b\u3068\u6765\u5e74\u521d\u3081\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u305d\u3053\u306b\u66f4\u306b\u706b\u306b\u6cb9\u3092\u6ce8\u3050\u306e\u304c\u4e2d\u56fd\u306e\u6052\u5927\u96c6\u56e3\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u5371\u6a5f\u306b\u7aef\u3092\u767a\u3059\u308b\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u306e\u5d29\u58ca\u3067\u3042\u308b\u3002\u3042\u307e\u308a\u5831\u3058\u3089\u308c\u3066\u3044\u306a\u3044\u304b\u3089\u5468\u77e5\u306e\u4e8b\u5b9f\u3067\u306f\u306a\u3044\u304c\u3001\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u5e02\u5834\u306f\u65e2\u306b\u304b\u306a\u308a\u5d29\u58ca\u304c\u59cb\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u516c\u5f0f\u7d71\u8a08\u3067\u306f\u4e0d\u52d5\u7523\u4fa1\u683c\u306e\u4e0b\u843d\u306f0.3%\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u5929\u6d25\u5e02\u306a\u3069\u3067\u306f15%\u4ee5\u4e0a\u306e\u5024\u4e0b\u3052\u304c\u7981\u6b62\u3055\u308c\u3066\u304a\u308a\u300115%\u4ee5\u4e0a\u306e\u5024\u4e0b\u3052\u304c\u7981\u6b62\u3055\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u5b9f\u969b\u306b\u306f15%\u4ee5\u4e0a\u4e0b\u843d\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18263\" data-type=\"post\" data-id=\"18263\">\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u4e2d\u56fd\u3001\u5024\u4e0b\u3052\u7981\u6b62\u4ee4\u3067\u4fa1\u683c\u66b4\u843d\u306b\u5bfe\u6297<\/a><\/li><\/ul>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8ff0\u3079\u3066\u3044\u308b\u3088\u3046\u306b\u4e0d\u52d5\u7523\u306f\u4e2d\u56fd\u4eba\u306e\u8cc7\u7523\u5f62\u6210\u306e\u4e2d\u6838\u306b\u306a\u308b\u8cc7\u7523\u3067\u3042\u308b\u3002\u4e0d\u52d5\u7523\u306f\u4e0b\u843d\u3057\u306a\u3044\u3082\u306e\u3060\u3068\u601d\u3044\u8fbc\u3093\u3067\u3044\u308b\u4e2d\u56fd\u306e\u4eba\u3005\u306f\u3001\u9ad8\u4fa1\u306a\u4e0d\u52d5\u7523\u3092\u7121\u7406\u3057\u3066\u8cb7\u3063\u3066\u305d\u306e\u4fa1\u683c\u4e0a\u6607\u3067\u8001\u5f8c\u306e\u751f\u6d3b\u3092\u8cc4\u3046\u3068\u3044\u3046\u4eba\u751f\u8a2d\u8a08\u3092\u3057\u3066\u3044\u308b\u4eba\u3082\u5c11\u306a\u304f\u306a\u304f\u3001\u305d\u306e\u4e0d\u52d5\u7523\u304c\u66b4\u843d\u3057\u305f\u5834\u5408\uff08\u3082\u3046\u3057\u3066\u3044\u308b\u306e\u3060\u304c\uff09\u305d\u306e\u4eba\u306e\u4eca\u5f8c\u306e\u6d88\u8cbb\u304c\u3069\u3046\u306a\u308b\u304b\u3001\u8a00\u3046\u307e\u3067\u3082\u306a\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u6700\u7d42\u7684\u306b\u306f\u30a2\u30e1\u30ea\u30ab\u3084\u65e5\u672c\u306b\u3082\u5927\u304d\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3002\u4e2d\u56fd\u306f\u3053\u308c\u307e\u3067\u4e16\u754c\u7d4c\u6e08\u306b\u304a\u3051\u308b\u5de8\u5927\u306a\u8cb7\u3044\u624b\u3067\u3042\u3063\u305f\u308f\u3051\u3067\u3001\u4e2d\u56fd\u306e\u6d88\u8cbb\u304c\u6ede\u308c\u3070\u3044\u305a\u308c\u4e16\u754c\u7d4c\u6e08\u306b\u3082\u30c0\u30e1\u30fc\u30b8\u304c\u53ca\u3076\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>\u3057\u304b\u3057\u5e02\u5834\u306f\u307e\u3060\u305d\u308c\u3092\u7121\u8996\u3057\u305f\u307e\u307e\u3067\u3042\u308b\u3002\u91d1\u878d\u696d\u754c\u306e\u4eba\u9593\u304b\u3089\u8a00\u308f\u305b\u308c\u3070\u3001\u3053\u308c\u306f\u3044\u3064\u3082\u306e\u8a71\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u6642\u3001\u682a\u5f0f\u5e02\u5834\u304c\u4e00\u5b9a\u671f\u9593\u7121\u8996\u3057\u3066\u3044\u305f\u306e\u306f\u3001\u65e2\u306b\u59cb\u307e\u3063\u3066\u3044\u305f\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0b\u843d\u3060\u3063\u305f\u3002\u4ee5\u4e0b\u306f\u5f53\u6642\u306e\u682a\u4fa1\u3068\u4f4f\u5b85\u4fa1\u683c\u3092\u4e26\u3079\u305f\u3082\u306e\u3067\u3042\u308a\u3001\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u843d\u3092\u958b\u59cb\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u4e00\u5b9a\u671f\u9593\u682a\u4fa1\u304c\u4e0b\u843d\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u304c\u5206\u304b\u308b\u30022007\u5e74\u5f8c\u534a\u306e\u90e8\u5206\u3092\u898b\u3066\u307b\u3057\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/10\/2008-financial-crisis-s-and-p-500-and-case-shiller-index-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"617\" height=\"437\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/10\/2008-financial-crisis-s-and-p-500-and-case-shiller-index-chart.png\" alt=\"\" class=\"wp-image-4443\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/10\/2008-financial-crisis-s-and-p-500-and-case-shiller-index-chart.png 617w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2016\/10\/2008-financial-crisis-s-and-p-500-and-case-shiller-index-chart-300x212.png 300w\" sizes=\"auto, (max-width: 617px) 100vw, 617px\" \/><\/a><\/figure>\n\n\n\n<p>\u7b46\u8005\u306f\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\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\u304a\u3051\u308b\u5f53\u6642\u306e\u30b3\u30e1\u30f3\u30c8\u3092\u601d\u3044\u51fa\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>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>\u307e\u3055\u306b\u3053\u308c\u304b\u30891\u5e74\u307b\u3069\u306e\u8a71\u3060\u3068\u7b46\u8005\u306f\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>2022\u5e74\u306e\u4e16\u754c\u7d4c\u6e08\u306e\u30ad\u30fc\u30dd\u30a4\u30f3\u30c8\u306f\u4ee5\u4e0b\u306e3\u3064\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u30a4\u30f3\u30d5\u30ec<\/li><li>\u91d1\u878d\u5f15\u304d\u7de0\u3081<\/li><li>\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca<\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u826f\u3044\u30cb\u30e5\u30fc\u30b9\u304c\u4f551\u3064\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u304c\u3082\u30461\u3064\u306e\u30dd\u30a4\u30f3\u30c8\u3060\u308d\u3046\u304b\u3002\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u4eba\u306f\u3001\u81ea\u5206\u304c\u4f55\u6545\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u306e\u304b\u3082\u3046\u4e00\u5ea6\u8003\u3048\u305f\u65b9\u304c\u826f\u3044\u3002\u5c11\u306a\u304f\u3068\u3082\u7b46\u8005\u306b\u306f\u4eca\u682a\u3092\u8cb7\u3046\u3079\u304d\u7406\u7531\u304c\u4f551\u3064\u3068\u3057\u3066\u898b\u5f53\u305f\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u682a\u4fa1\u306e\u66b4\u843d\u306f\u666f\u6c17\u5f8c\u9000\u3092\u3082\u305f\u3089\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u4e00\u6642\u7684\u306b\u30c7\u30d5\u30ec\u306b\u623b\u308b\u3060\u308d\u3046\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u30b3\u30ed\u30ca\u306e\u3088\u3046\u306b\u307e\u305f\u821e\u3044\u623b\u3063\u3066\u304f\u308b\u3060\u308d\u3046\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u3088\u3046\u306b\u3001\u3053\u3053\u3067\u306f\u682a\u4fa1\u66b4\u843d\u5f8c\u306e\u3053\u3068\u3082\u65e2\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17958\" data-type=\"post\" data-id=\"17958\">\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u904e\u304e\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u308c\u304b\u3089\u306e\u682a\u306e\u66b4\u843d\u30b7\u30ca\u30ea\u30aa\u306f\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u4e2d\u3067\u306f\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3002\u3057\u304b\u3057\u4e0a\u306b\u8ff0\u3079\u305f\u3088\u3046\u306b\u3059\u3050\u306b\u66b4\u843d\u3059\u308b\u3068\u306f\u9650\u3089\u306a\u3044\u3053\u3068\u304b\u3089\u3001\u307e\u3060\u52dd\u8ca0\u304b\u3089\u964d\u308a\u3066\u3044\u306a\u3044\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306e\u3088\u3046\u306a\u77ed\u671f\u6295\u8cc7\u5bb6\u3082\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18165\" data-type=\"post\" data-id=\"18165\">\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f: \u6765\u5e74\u306e\u5229\u4e0a\u3052\u306f\u682a\u4fa1\u306b\u3068\u3063\u3066\u5371\u967a<\/a><\/li><\/ul>\n\n\n\n<p>\u66b4\u843d\u306e\u53b3\u5bc6\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u306f\u4e2d\u56fd\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u9032\u884c\u72b6\u6cc1\u3084\u5229\u4e0a\u3052\u306e\u901f\u5ea6\u306b\u3088\u3063\u3066\u524d\u5f8c\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u6700\u65b0\u60c5\u5831\u3092\u9010\u6b21\u3053\u3053\u3067\u30a2\u30c3\u30d7\u30c7\u30fc\u30c8\u3057\u3066\u3086\u304d\u305f\u3044\u3002\u307e\u305f\u3001\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u66b4\u843d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u5f53\u3066\u308b\u65b9\u6cd5\u3092\u4f1d\u6388\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u3061\u3089\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\/18024\" data-type=\"post\" data-id=\"18024\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u682a\u4fa1\u6025\u843d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u30b8\u30e3\u30f3\u30af\u50b5\u304c\u6559\u3048\u3066\u304f\u308c\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u9762\u767d\u30441\u5e74\u306b\u306a\u308a\u305d\u3046\u3067\u3042\u308b\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&amp;dchild=1&amp;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&amp;qid=1632911856&amp;sr=8-1&amp;linkCode=li2&amp;tag=globalmacrore-22&amp;linkId=dd12028e51358182dd6edd2fd4cf538b&amp;language=ja_JP&amp;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"\/\/ws-fe.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&amp;ASIN=406214915X&amp;Format=_SL160_&amp;ID=AsinImage&amp;MarketPlace=JP&amp;ServiceVersion=20070822&amp;WS=1&amp;tag=globalmacrore-22&amp;language=ja_JP\" border=\"0\"><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-jp.amazon-adsystem.com\/e\/ir?t=globalmacrore-22&amp;language=ja_JP&amp;l=li2&amp;o=9&amp;a=406214915X\" alt=\"\" style=\"border:none !important; margin:0px !important;\" width=\"1\" height=\"1\" border=\"0\"><br><a href=\"https:\/\/amzn.to\/3m6d1br\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u3053\u306e\u8a71\u306f\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u4f55\u3082\u30cb\u30e5\u30fc\u30b9\u3067\u306f\u306a\u3044\u306e\u3060\u304c\u3001\u4e00\u5ea6\u4eca\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306e\u898b\u901a\u3057\u3092\u7e8f\u3081\u3066\u304a\u304f\u306e\u3082\u826f\u3044\u3060\u308d\u3046\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,111],"tags":[],"class_list":["post-18367","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/18367","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=18367"}],"version-history":[{"count":61,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/18367\/revisions"}],"predecessor-version":[{"id":18429,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/18367\/revisions\/18429"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=18367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=18367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=18367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}