{"id":19117,"date":"2022-01-25T20:03:00","date_gmt":"2022-01-25T11:03:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=19117"},"modified":"2022-01-25T16:40:02","modified_gmt":"2022-01-25T07:40:02","slug":"%e3%83%9e%e3%82%a4%e3%83%8a%e3%83%bc%e3%83%89%e6%b0%8f-%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%af2018%e5%b9%b4%e4%b8%96%e7%95%8c%e5%90%8c%e6%99%82%e6%a0%aa%e5%ae%89%e3%82%92%e7%b9%b0%e3%82%8a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19117","title":{"rendered":"\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f2018\u5e74\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u7e70\u308a\u8fd4\u305d\u3046\u3068\u3057\u3066\u3044\u308b"},"content":{"rendered":"\n<p>Guggenheim Partners\u306e\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u304c\u9867\u5ba2\u5411\u3051\u306e\u30ec\u30dd\u30fc\u30c8\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u5229\u4e0a\u3052\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u306f\u306a\u304f\u682a\u4fa1\u3092\u6bba\u3057\u3066\u3057\u307e\u3046\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002\u3084\u306f\u308a\u512a\u308c\u305f\u6295\u8cc7\u5bb6\u306f\u8ab0\u3082\u304c2018\u5e74\u306e\u682a\u5b89\u3092\u601d\u3044\u51fa\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306e\u8105\u5a01<\/strong><\/p>\n\n\n\n<p>Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u5143\u3005\u30a4\u30f3\u30d5\u30ec\u306f\u4e00\u6642\u7684\u306a\u3082\u306e\u306b\u904e\u304e\u306a\u3044\u306e\u3067\u30bc\u30ed\u91d1\u5229\u653f\u7b56\u3092\u5f53\u9762\u7dad\u6301\u3059\u308b\u3068\u8a00\u3063\u3066\u3044\u305f\u304c\u3001\u3053\u3053\u6570\u30f6\u6708\u306e\u9593\u306b\u307e\u305a\u91cf\u7684\u7de9\u548c\u3092\u7e2e\u5c0f\u3057\u59cb\u3081\u3001\u6b21\u306b\u4eca\u5e743\u56de\u306e\u5229\u4e0a\u3052\u3092\u5ba3\u8a00\u3057\u3001\u3057\u304b\u3082\u6700\u8fd1\u3067\u306f\u4e00\u90e8\u30e1\u30f3\u30d0\u30fc\u304c\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3092\u62e1\u5927\u3057\u305f\u91cf\u7684\u7de9\u548c\u3092\u9006\u56de\u3057\uff08\u7e2e\u5c0f\uff09\u3059\u308b\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306b\u307e\u3067\u8a00\u53ca\u3059\u308b\u3068\u3044\u3046\u8c79\u5909\u3076\u308a\u3092\u898b\u305b\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>\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3068\u306f\u3064\u307e\u308a\u3001\u5e02\u5834\u306b\u8cc7\u91d1\u3092\u6ce8\u5165\u3059\u308b\u91cf\u7684\u7de9\u548c\u3068\u306f\u53cd\u5bfe\u306b\u5e02\u5834\u304b\u3089\u8cc7\u91d1\u3092\u5438\u3044\u4e0a\u3052\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002Fed\u306e\u4e00\u90e8\u30e1\u30f3\u30d0\u30fc\u306f\u7269\u4fa1\u9ad8\u9a30\u3092\u6b62\u3081\u308b\u305f\u3081\u306b\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3082\u3084\u3080\u3092\u5f97\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18620\" data-type=\"post\" data-id=\"18620\">\u30b3\u30ed\u30ca\u8513\u5ef6\u3067\u3082\u30a4\u30f3\u30d5\u30ec\u6b62\u307e\u3089\u305a\u300112\u6708\u7c73\u7269\u4fa1\u4e0a\u6607\u7387\u306f7.1%<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u306b\u3064\u3044\u3066\u30de\u30a4\u30ca\u30fc\u30c9\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>2018\u5e74\u306bFed\u304c\u5229\u4e0a\u3052\u3092\u884c\u3044\u306a\u304c\u3089\u5b9f\u884c\u3057\u305f\u524d\u56de\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u304c\u91d1\u878d\u5e02\u5834\u306b\u3069\u308c\u307b\u3069\u9177\u3044\u7d50\u679c\u3092\u3082\u305f\u3089\u3057\u305f\u304b\u3092\u8003\u3048\u308c\u3070\u3001Fed\u304c\u307e\u305f\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u3092\u540c\u6642\u306b\u3084\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u8208\u5473\u6df1\u3044\u3053\u3068\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>Fed\u304c\u6700\u5f8c\u306b\u884c\u306a\u3063\u305f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u30012018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u3002\u4ee5\u4e0b\u306f\u5f53\u6642\u306e\u682a\u4fa1\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\/06\/2018-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"378\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2018-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-13880\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2018-s-and-p-500-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/06\/2018-s-and-p-500-chart-300x185.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>\u5f53\u6642\u306e\u8b70\u9577\u3082\u4eca\u3068\u540c\u3058\u30d1\u30a6\u30a8\u30eb\u6c0f\u3067\u3042\u308a\u3001\u4eca\u56de\u30a4\u30f3\u30d5\u30ec\u304c\u4e00\u6642\u7684\u306a\u3082\u306e\u3067\u306f\u306a\u3044\u3068\u9577\u3089\u304f\u8a8d\u3081\u306a\u304b\u3063\u305f\u306e\u3068\u5168\u304f\u540c\u3058\u3088\u3046\u306b\u3001\u5f53\u6642\u5f7c\u306f\u682a\u5b89\u304c\u81ea\u5206\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u305b\u3044\u3060\u3068\u3044\u3046\u3053\u3068\u3092\u8a8d\u3081\u3088\u3046\u3068\u306f\u3057\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8106\" data-type=\"post\" data-id=\"8106\">12\u6708FOMC\u4f1a\u5408\u7d50\u679c\u306f\u7a7a\u58f2\u308a\u6d3e\u3078\u306e\u6e80\u984d\u56de\u7b54 (2018\/12\/20)<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u308c\u306f\u5f53\u6642\u3082\u66f8\u3044\u305f\u3053\u3068\u3060\u304c\u3001\u305d\u3082\u305d\u3082\u91cf\u7684\u7de9\u548c\u3067\u6295\u8cc7\u5bb6\u304c\u3069\u308c\u3060\u3051\u682a\u3092\u8cb7\u3063\u3066\u304d\u305f\u304b\u3068\u3044\u3046\u3053\u3068\u3092\u8003\u3048\u308c\u3070\u5f53\u305f\u308a\u524d\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91cf\u7684\u7de9\u548c\u3067\u682a\u4fa1\u304c\u5927\u3044\u306b\u4e0a\u304c\u3063\u305f\u306e\u3060\u304b\u3089\u3001\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3067\u306f\u682a\u4fa1\u304c\u5927\u3044\u306b\u4e0b\u304c\u3089\u306a\u3051\u308c\u3070\u7406\u5c48\u304c\u5408\u308f\u306a\u3044\u30022018\u5e74\u306e\u76f8\u5834\u3067\u306f\u7b46\u8005\u3060\u3051\u304c\u3053\u306e\u5f53\u305f\u308a\u524d\u306e\u7406\u5c48\u3092\u66b4\u843d\u524d\u304b\u3089\u4e3b\u5f35\u3057\u7d9a\u3051\u305f\u304c\u3001\u682a\u4fa1\u306e\u9ad8\u9a30\u306b\u306e\u307c\u305b\u4e0a\u304c\u3063\u305f\u5468\u56f2\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3084\u30d0\u30f3\u30ab\u30fc\u306f\u8ab0\u3082\u8033\u3092\u8cb8\u3055\u306a\u304b\u3063\u305f\u3002\u30d0\u30d6\u30eb\u3068\u306f\u305d\u3046\u3044\u3046\u3082\u306e\u3067\u3042\u308b\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><strong>\u30a4\u30f3\u30d5\u30ec\u304c\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306b\u3068\u3069\u3081\u3092\u523a\u3059<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u4eca\u56de\u306e\u76f8\u5834\u3067\u306f2018\u5e74\u3068\u9055\u3046\u70b9\u304c1\u3064\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u306f\u6700\u7d42\u7684\u306b\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u9593\u9055\u3044\u3092\u8a8d\u3081\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u3057\u305f\u3053\u3068\u3067\u53ce\u675f\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u4eca\u56de\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u3059\u308b\u3068\u7269\u4fa1\u9ad8\u9a30\u304c\u305d\u306e\u307e\u307e\u7d99\u7d9a\u3057\u3066\u3057\u307e\u3046\u3002\u682a\u4fa1\u304c\u66b4\u843d\u3057\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u5f37\u3044\u308b\u3060\u308d\u3046\u3002\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u6b62\u3081\u3089\u308c\u306a\u3044\u3068\u306a\u308c\u3070\u3001\u682a\u4fa1\u306f\u4f55\u51e6\u307e\u3067\u4e0b\u304c\u3063\u3066\u3086\u304f\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u6839\u62e0\u3082\u306a\u304f\u30ea\u30d5\u30ec\u6d3e\u306b\u9a19\u3055\u308c\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u8cdb\u7f8e\u3057\u3066\u3044\u305f\u4eba\u3005\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u3066\u3088\u3046\u3084\u304f\u7269\u4fa1\u306f\u5b89\u3044\u65b9\u304c\u826f\u3044\u3068\u3044\u3046\u5f53\u305f\u308a\u524d\u306e\u4e8b\u5b9f\u306b\u6c17\u4ed8\u304f\u3088\u3046\u306b\u306a\u308b\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>12\u624d\u5150\u3067\u3082\u5206\u304b\u308b\u3088\u3046\u306a\u4e8b\u5b9f\u306b\u8ab0\u3082\u6c17\u4ed8\u304b\u306a\u304f\u306a\u308b\u73fe\u8c61\u306e\u3053\u3068\u3092\u30d0\u30d6\u30eb\u3068\u547c\u3076\u306e\u3067\u3042\u308b\u3002\u3042\u308b\u3044\u306f\u4eba\u9593\u306f\u5143\u300512\u624d\u5150\u3088\u308a\u3082\u982d\u304c\u60aa\u3044\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u7b46\u8005\u306f\u3082\u3046\u3053\u308c\u306f\u3069\u3046\u3057\u3088\u3046\u3082\u306a\u3044\u3068\u601d\u3063\u3066\u3044\u308b\u3002\u4eba\u306f\u3042\u307e\u308a\u306b\u7c21\u5358\u306b\u9a19\u3055\u308c\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18701\" data-type=\"post\" data-id=\"18701\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 12\u624d\u5150\u3088\u308a\u3082\u611a\u304b\u306a\u4e2d\u592e\u9280\u884c\u306e\u5b58\u5728\u610f\u7fa9\u304c\u5206\u304b\u3089\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3046\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u660e\u3089\u304b\u306b\u91d1\u878d\u5e02\u5834\u306f\u6295\u6a5f\u5bb6\u306e\u5929\u56fd\u3068\u306a\u3063\u305f\u3002\u30df\u30fc\u30e0\u682a\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u3001\u30a2\u30fc\u30c8\u3001\u4f4f\u5b85\u5e02\u5834\u3001\u307b\u3068\u3093\u3069\u3059\u3079\u3066\u306e\u3082\u306e\u304c\u9752\u5929\u4e95\u306b\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u306b\u3069\u3046\u53ce\u62fe\u3092\u4ed8\u3051\u3089\u308c\u308b\u3060\u308d\u3046\u304b\u3002\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u7de9\u548c\u306b\u3088\u3063\u3066\u5f15\u304d\u8d77\u3053\u3055\u308c\u305f\u30d0\u30d6\u30eb\u306b\u7d42\u6b62\u7b26\u3092\u6253\u3061\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u5236\u3067\u304d\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306e\u7b54\u3048\u306f\u3001\u30d0\u30d6\u30eb\u306b\u7d42\u6b62\u7b26\u3092\u6253\u3064\u3053\u3068\u306f\u51fa\u6765\u308b\u304c\u30a4\u30f3\u30d5\u30ec\u306f\u6291\u5236\u3067\u304d\u306a\u3044\u3068\u3044\u3046\u4f55\u3068\u3082\u60b2\u89b3\u7684\u306a\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3082\u3057\u5e02\u5834\u306b\u4e88\u60f3\u5916\u306e\u30b7\u30e7\u30c3\u30af\u304c\u4e0e\u3048\u3089\u308c\u308c\u3070\u3001\u305d\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u306f\u5373\u5ea7\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u306f\u3057\u306a\u3044\u304c\u3001\u65e2\u306b\u904e\u5927\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u8cc7\u7523\u4fa1\u683c\u306b\u306f\u5373\u5ea7\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u6d88\u8cbb\u8005\u5fc3\u7406\u3092\u51b7\u3084\u3057\u7d4c\u6e08\u3092\u4e0d\u5b89\u5b9a\u5316\u3055\u305b\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3060\u304c\u4e88\u60f3\u5916\u306e\u30b7\u30e7\u30c3\u30af\u3092\u4e0e\u3048\u306a\u3044\u306a\u3089\u3070\u3001\u3064\u307e\u308a\u30a4\u30f3\u30d5\u30ec\u7387\u304c7.1%\u306e\u72b6\u6cc1\u3067\u5e02\u5834\u306e\u7e54\u308a\u8fbc\u307f\u901a\u308a\u653f\u7b56\u91d1\u5229\u30921%\u7a0b\u5ea6\u307e\u3067\u306b\u3057\u304b\u4e0a\u3052\u306a\u3044\u306a\u3089\u3070\u3001\u9593\u9055\u3044\u306a\u304f\u7269\u4fa1\u9ad8\u9a30\u306f\u7d99\u7d9a\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u73fe\u72b6\u306e\u554f\u984c\u306f\u660e\u3089\u304b\u3067\u3042\u308b\u3002\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u3048\u3070\u30a4\u30f3\u30d5\u30ec\u3088\u308a\u3082\u5148\u306b\u682a\u5f0f\u5e02\u5834\u304c\u6b7b\u3093\u3067\u3057\u307e\u3046\u3002\u3057\u304b\u3057\u884c\u308f\u306a\u3051\u308c\u3070\u7269\u4fa1\u304c\u9ad8\u9a30\u3057\u3001\u5f8c\u3067\u3088\u308a\u5927\u304d\u306a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u5f37\u3044\u3089\u308c\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u3082\u3046\u8a70\u3093\u3067\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\/18367\" data-type=\"post\" data-id=\"18367\">2022\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u66b4\u843d\u3059\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306b\u51fa\u6765\u308b\u3053\u3068\u306f\u3044\u304f\u3064\u304b\u3042\u308b\u3002\u307e\u305a\u524d\u56de\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u884c\u308f\u308c\u305f2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u52c9\u5f37\u3059\u308b\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\/19017\" data-type=\"post\" data-id=\"19017\">2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u306f\u4f55\u304b\u3089\u9806\u756a\u306b\u66b4\u843d\u3057\u305f\u304b\u3092\u632f\u308a\u8fd4\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u306e\u4e0a\u3067\u3069\u3046\u3044\u3046\u6295\u8cc7\u304c\u51fa\u6765\u308b\u306e\u304b\u8003\u3048\u3066\u307f\u308b\u3079\u304d\u3060\u308d\u3046\u3002\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308b\u304c2022\u5e74\u306f\u304b\u306a\u308a\u96e3\u3057\u3044\u76f8\u5834\u306b\u306a\u308b\u3002\u8aad\u8005\u306e\u5e78\u904b\u3092\u7948\u308a\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18949\" data-type=\"post\" data-id=\"18949\">2022\u5e74\u306e\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u306b\u6295\u8cc7\u3059\u308b\u65b9\u6cd5<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Guggenheim Partners\u306e\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u304c\u9867\u5ba2\u5411\u3051\u306e\u30ec\u30dd\u30fc\u30c8\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u5229\u4e0a\u3052\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u306f\u306a\u304f\u682a\u4fa1\u3092\u6bba\u3057\u3066\u3057\u307e\u3046\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002\u3084\u306f\u308a\u512a\u308c\u305f\u6295\u8cc7\u5bb6\u306f\u8ab0\u3082\u304c2018\u5e74\u306e\u682a\u5b89\u3092\u601d\u3044\u51fa\u3057\u3066\u3044\u308b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19117\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f2018\u5e74\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u7e70\u308a\u8fd4\u305d\u3046\u3068\u3057\u3066\u3044\u308b<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,118,111,108],"tags":[168],"class_list":["post-19117","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-scott-minerd"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/19117","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=19117"}],"version-history":[{"count":34,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/19117\/revisions"}],"predecessor-version":[{"id":19151,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/19117\/revisions\/19151"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=19117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=19117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=19117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}