{"id":1983,"date":"2015-11-18T17:24:23","date_gmt":"2015-11-18T08:24:23","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=1983"},"modified":"2016-03-20T18:08:13","modified_gmt":"2016-03-20T09:08:13","slug":"%e7%b1%b3%e5%9b%bd%e5%88%a9%e4%b8%8a%e3%81%92%e5%be%8c%e3%81%ae%e6%a0%aa%e5%bc%8f%e6%8a%95%e8%b3%87%e6%88%a6%e7%95%a5-%e4%b8%8a%e3%81%8c%e3%82%89%e3%81%aa%e3%81%84%e3%81%8c%e6%80%a5%e8%90%bd%e3%81%99","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1983","title":{"rendered":"\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u682a\u5f0f\u6295\u8cc7\u6226\u7565: \u4e0a\u304c\u3089\u306a\u3044\u304c\u6025\u843d\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u76f8\u5834\u3092\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u3069\u3046\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u304b\uff1f"},"content":{"rendered":"<p>\u3055\u3066\u3001\u3053\u308c\u307e\u3067\u7c73\u56fd\u5229\u4e0a\u3052\u306b\u969b\u3057\u305f<a title=\"\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u76f8\u5834\u3078\u306e\u5f71\u97ff: \u682a\u4fa1\u3001\u70ba\u66ff\u3001\u91d1\u4fa1\u683c\u3001\u539f\u6cb9\u4fa1\u683c\u306f\u3069\u3046\u306a\u308b\u304b\uff1f\u3000\u5e02\u5834\u304c\u66b4\u843d\u3059\u308b\u306e\u306f\u3044\u3064\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1970\">\u4e16\u754c\u306e\u91d1\u878d\u5e02\u5834\u5168\u4f53\u306e\u76f8\u5834\u89b3<\/a>\u3068<a title=\"\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u70ba\u66ff\u6295\u8cc7\u6226\u7565: \u30c9\u30eb\u306f\u3044\u3064\u58f2\u308b\u3079\u304d\u304b\uff1f\u3000\u30dd\u30f3\u30c9\u306e\u5229\u4e0a\u3052\u306f\uff1f\u3000\u5186\u306e\u9577\u671f\u898b\u901a\u3057\u306f\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1981\">\u70ba\u66ff\u6295\u8cc7\u6226\u7565<\/a>\u3092\u66f8\u3044\u3066\u304d\u305f\u306e\u3067\u3001\u4eca\u56de\u306f\u682a\u5f0f\u6295\u8cc7\u6226\u7565\u3067\u3042\u308b\u3002<\/p>\n<p>8\u6708\u306e\u6025\u843d\u524d\u304b\u3089\u4e3b\u5f35\u3057\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066\u682a\u3092\u8cb7\u3048\u3070\u4e0a\u304c\u308b\u7c21\u5358\u306a\u76f8\u5834\u306f\u7d42\u308f\u308a\u3092\u544a\u3052\u3001\u682a\u5f0f\u5e02\u5834\u306f\u3053\u308c\u304b\u3089\u975e\u5e38\u306b\u96e3\u3057\u3044\u5c40\u9762\u306b\u5165\u308b\u30022016\u5e74\u306b\u304b\u3051\u3066\u306e\u682a\u5f0f\u5e02\u5834\u306e\u5927\u5c40\u7684\u306a\u76f8\u5834\u89b3\u306f\u3053\u3046\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li>\u5229\u4e0a\u3052\u3068\u30c9\u30eb\u9ad8\u306b\u3088\u308b\u8f38\u51fa\u6e1b\u901f\u3067\u7c73\u56fd\u682a\u306e\u4e0a\u5024\u306f\u9650\u3089\u308c\u308b<\/li>\n<li>\u682a\u306e\u6025\u843d\u306f\u3044\u3064\u3067\u3082\u5927\u3057\u305f\u7406\u7531\u306a\u3057\u306b\u8d77\u3053\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u632f\u308c\u5e45\u306f10%\u304b\u308930%\u7a0b\u5ea6\u3067\u3042\u308b<\/li>\n<li>\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306e\u5b8c\u5168\u306a\u5d29\u58ca\u306f\u307e\u3060\u5148<\/li>\n<\/ul>\n<p>\u3053\u306e\u3088\u3046\u306a\u76f8\u5834\u3067\u306f\u5358\u7d14\u306a\u58f2\u308a\u8cb7\u3044\u3092\u3057\u3066\u3082\u5831\u308f\u308c\u308b\u3053\u3068\u306f\u306a\u3044\u3002\u9ad8\u5024\u3067\u306e\u7a7a\u58f2\u308a\u3082\u3001\u30ed\u30f3\u30b0\u30fb\u30b7\u30e7\u30fc\u30c8\u3082\u305d\u308c\u305e\u308c\u6b20\u70b9\u304c\u3042\u308b\u3002\u3067\u306f\u3069\u3046\u3059\u308b\u304b\uff1f\u3000\u6563\u3005\u8003\u3048\u305f\u304c\u3001\u7d50\u8ad6\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n<p><!--more--><strong>\u500b\u5225\u682a\u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u58f2\u308a\u3068S&amp;P 500\u306e\u7a7a\u58f2\u308a<\/strong><\/p>\n<p>\u591a\u304f\u306e\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3053\u308c\u304c\u9078\u629e\u80a2\u3067\u306f\u306a\u3044\u3053\u3068\u306f\u7406\u89e3\u3057\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u3001\u65e5\u672c\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u30a2\u30af\u30bb\u30b9\u53ef\u80fd\u3067\u3082\u30ea\u30b9\u30af\u3092\u5236\u5fa1\u3067\u304d\u306a\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u85a6\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u3044\u3002\u8cb7\u3044\u3068\u7a7a\u58f2\u308a\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u3082\u3001\u3053\u3046\u3044\u3046\u5834\u9762\u3067\u306f\u5272\u5b89\u306e\u3082\u306e\u304c\u58f2\u3089\u308c\u3001\u5272\u9ad8\u306e\u3082\u306e\u304c\u66f4\u306b\u8cb7\u308f\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u304c\u3042\u308b\u3002\u8457\u540d\u30d5\u30a1\u30f3\u30c9\u30fb\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f\u306f\u3001\u6b63\u306b\u3053\u308c\u304c\u7406\u7531\u3067\u640d\u3092\u51fa\u3057\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u7d76\u597d\u8abf\u306e\u30b0\u30ed\u30b9\u6c0f\u3068\u4e0d\u8abf\u7d9a\u304d\u306e\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f: \u7c73\u56fd\u5229\u4e0a\u3052\u3092\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u3069\u3046\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1357\">\u7d76\u597d\u8abf\u306e\u30b0\u30ed\u30b9\u6c0f\u3068\u4e0d\u8abf\u7d9a\u304d\u306e\u30a2\u30a4\u30f3\u30db\u30fc\u30f3\u6c0f: \u7c73\u56fd\u5229\u4e0a\u3052\u3092\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u3069\u3046\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u5b9f\u969b\u306b\u53d6\u5f15\u51fa\u6765\u305a\u3068\u3082\u3001\u3053\u3046\u3044\u3046\u5834\u9762\u3067\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3067\u3042\u308c\u3070\u3069\u3046\u3059\u308b\u304b\u3001\u3068\u3044\u3046\u8996\u70b9\u3067\u8aad\u307f\u9032\u3081\u3066\u307b\u3057\u3044\u3002<\/p>\n<p><strong>\u500b\u5225\u682a\u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u58f2\u308a<\/strong><\/p>\n<p>\u9806\u306b\u8aac\u660e\u3057\u3088\u3046\u3002\u682a\u5f0f\u306e\u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3068\u306f\u3001\u3042\u308b\u4fa1\u683c\u3067\u3042\u308b\u682a\u5f0f\u3092\u58f2\u308b\u6a29\u5229\u3067\u3042\u308a\u3001\u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u58f2\u308b\u3068\u3001\u4e00\u5b9a\u671f\u9593\u5185\u306b\u682a\u4fa1\u304c\u884c\u4f7f\u4fa1\u683c\u3092\u4e0b\u56de\u3089\u306a\u3051\u308c\u3070\u5229\u76ca\u304c\u51fa\u308b\u4ed5\u7d44\u307f\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u30aa\u30d7\u30b7\u30e7\u30f3\u53d6\u5f15\u5165\u95801: \u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3001\u30b3\u30fc\u30eb\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3068\u306f\u4f55\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1694\">\u30aa\u30d7\u30b7\u30e7\u30f3\u53d6\u5f15\u5165\u95801: \u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3001\u30b3\u30fc\u30eb\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3068\u306f\u4f55\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u30aa\u30d7\u30b7\u30e7\u30f3\u306b\u3064\u3044\u3066\u306f\u5165\u9580\u8a18\u4e8b\u3092\u66f8\u3044\u3066\u3044\u308b\u306e\u3067\u305d\u3061\u3089\u3092\u53c2\u8003\u306b\u3057\u3066\u307b\u3057\u3044\u304c\u3001\u5177\u4f53\u4f8b\u3092\u898b\u308b\u3068\u3001\u534a\u5c0e\u4f53\u30e1\u30fc\u30ab\u30fc\u306eMicron Technology (NASDAQ:MU\u3001<a href=\"https:\/\/www.google.com\/finance?q=NASDAQ:MU\" target=\"_blank\">Google Finance<\/a>)\u306f\u73fe\u5728$15\u524d\u5f8c\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u3053\u306e\u682a\u5f0f\u30921\u9031\u9593\u5148\u306b$14.5\u306e\u5024\u6bb5\u3067\u58f2\u308b\u6a29\u5229\uff08\u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\uff09\u304c$0.20-$0.25\u304f\u3089\u3044\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u3002\u5927\u4f53\u682a\u5f0f\u306e1.5%\u307b\u3069\u306e\u5024\u6bb5\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/11\/2015-11-18-micron-technology-nasdaq-mu-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2025\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/11\/2015-11-18-micron-technology-nasdaq-mu-chart.png\" alt=\"2015-11-18-micron-technology-nasdaq-mu-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/11\/2015-11-18-micron-technology-nasdaq-mu-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/11\/2015-11-18-micron-technology-nasdaq-mu-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u3053\u306e\u682a\u306b\u5bfe\u3057\u3066\u30011\u6708\u306b\u3042\u308b\u6b21\u306e\u6c7a\u7b97\u307e\u3067$14.5\u3092\u5927\u5e45\u306b\u5272\u308b\u3053\u3068\u306f\u306a\u3044\u3001\u3042\u308b\u3044\u306f\u5272\u3063\u305f\u3068\u3057\u3066\u3082\u53cd\u767a\u3059\u308b\u3068\u3044\u3046\u4e88\u6e2c\u3092\u7acb\u3066\u3066\u3044\u308b\u3002\u3053\u306e\u4e88\u6e2c\u304c1\u6708\u307e\u3067\u5f53\u305f\u308a\u3001\u6bce\u9031$0.20-$0.25\u3067\u4e0a\u8a18\u306e\u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u58f2\u308b\u3053\u3068\u304c\u3067\u304d\u308c\u3070\u30011\u9031\u9593\u306b\u3064\u304d1.5%\u30011\u6708\u307e\u3067\u306f6\u9031\u307b\u3069\u3042\u308b\u306e\u3067\u3001\u5408\u8a089%\u306e\u5229\u76ca\u3092\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u7a7a\u58f2\u308a\u3057\u3066\u3044\u308bS&amp;P 500\u304c\u540c\u3058\u671f\u9593\u306b\u305d\u308c\u4ee5\u4e0a\u306b\u4e0a\u304c\u3089\u306a\u3051\u308c\u3070\u3001\u500b\u5225\u682a\u305d\u306e\u3082\u306e\u304c\u4e0a\u304c\u3089\u305a\u3068\u3082\u5229\u76ca\u304c\u51fa\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u9006\u306bS&amp;P 500\u304c\u5927\u5e45\u306b\u4e0b\u304c\u308a\u3001\u30d7\u30c3\u30c8\u3092\u58f2\u3063\u305f\u500b\u5225\u682a\u3082\u884c\u4f7f\u4fa1\u683c\u3092\u5272\u308b\u5834\u5408\u306b\u3082\u3001\u7a7a\u58f2\u308a\u306e\u5229\u76ca\u3068\u30d7\u30c3\u30c8\u306e\u640d\u304c\u76f8\u6bba\u3059\u308b\u3053\u3068\u306b\u52a0\u3048\u3066\u3001\u4e0a\u8a18\u306e\u4f8b\u3067\u3044\u3048\u3070\u4fdd\u967a\u6599\u306e9%\u5206\u306f\u3044\u305a\u308c\u306b\u305b\u3088\u624b\u306b\u5165\u308b\u306e\u3067\u3001\u30c8\u30fc\u30bf\u30eb\u3067\u3044\u3048\u3070\u305d\u306e\u5206\u306e\u30d7\u30e9\u30b9\u306b\u306a\u308b\u3068\u3044\u3046\u52d8\u5b9a\u3067\u3042\u308b\u3002<\/p>\n<p>1\u6708\u307e\u3067\u306b9%\u3068\u3044\u3046\u306e\u306f\u975e\u5e38\u306b\u4e0a\u624b\u304f\u30d7\u30c3\u30c8\u3092\u58f2\u308a\u7d9a\u3051\u3089\u308c\u305f\u5834\u5408\u3067\u3042\u308a\u30011\u3064\u306e\u30d7\u30c3\u30c8\u306b\u5bfe\u3057\u3066\u6307\u6570\u3092\u3069\u308c\u3060\u3051\u7a7a\u58f2\u308a\u3059\u308b\u304b\u3001\u3044\u3064\u3069\u306e\u30d7\u30c3\u30c8\u3092\u58f2\u308a\u3044\u3064S&amp;P 500\u306e\u7a7a\u58f2\u308a\u3092\u5897\u3084\u3059\u3079\u304d\u304b\u306a\u3069\u3001\u8a08\u7b97\u3084\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u96e3\u3057\u3044\u90e8\u5206\u3082\u3042\u308b\u304c\u3001\u3053\u306e\u3088\u3046\u306a\u76f8\u5834\u3067\u682a\u3092\u53d6\u5f15\u3059\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u682a\u4fa1\u306b\u3088\u3063\u3066\u9298\u67c4\u3092\u5165\u308c\u66ff\u3048\u306a\u304c\u3089\u3053\u306e\u65b9\u6cd5\u3092\u7d9a\u3051\u308b\u306e\u304c\u500b\u4eba\u7684\u306b\u306f\u4e00\u756a\u826f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n<p><strong>\u7c73\u56fd\u682a\u306f\u4f55\u6545\u4e0a\u304c\u3089\u306a\u3044\u304b\uff1f<\/strong><\/p>\n<p>\u7c73\u56fd\u682a\u304c\u4e0a\u304c\u3089\u306a\u3044\u7406\u7531\u306f\u3001\u76f4\u63a5\u7684\u306b\u306f\u5229\u4e0a\u3052\u3067\u306f\u306a\u3044\u30020.25%\u306e\u5229\u4e0a\u3052\u3067\u3042\u308c\u3070\u5b9f\u4f53\u7d4c\u6e08\u306b\u307b\u3068\u3093\u3069\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3055\u306a\u3044\u3060\u308d\u3046\u3002\u3057\u304b\u3057\u3001\u65e5\u672c\u3084\u30e6\u30fc\u30ed\u570f\u3068\u306f\u9055\u3044\u91cf\u7684\u7de9\u548c\u306e\u652f\u3048\u304c\u306a\u3044\u3053\u3068\u3001\u305d\u3057\u3066Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u30bf\u30ab\u6d3e\u306e\u614b\u5ea6\u3092\u5909\u3048\u306a\u3044\u304b\u304e\u308a\u306f\u30c9\u30eb\u306e\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\u306f\u7d99\u7d9a\u3057\u3001\u7c73\u56fd\u306e\u8f38\u51fa\u682a\u306b\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3053\u3068\u304c\u6319\u3052\u3089\u308c\u308b\u3002<\/p>\n<p>\u3053\u306e\u4e88\u6e2c\u306b\u306f\u30c9\u30eb\u306e\u52d5\u5411\u3092\u4e88\u6e2c\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3042\u308b\u306e\u3067\u3001\u70ba\u66ff\u76f8\u5834\u306b\u3064\u3044\u3066\u66f8\u3044\u305f\u8a18\u4e8b\u3082\u8aad\u3093\u3067\u304a\u3044\u3066\u307b\u3057\u3044\u3002<\/p>\n<ul>\n<li><a title=\"\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u70ba\u66ff\u6295\u8cc7\u6226\u7565: \u30c9\u30eb\u306f\u3044\u3064\u58f2\u308b\u3079\u304d\u304b\uff1f\u3000\u30dd\u30f3\u30c9\u306e\u5229\u4e0a\u3052\u306f\uff1f\u3000\u5186\u306e\u9577\u671f\u898b\u901a\u3057\u306f\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1981\">\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u70ba\u66ff\u6295\u8cc7\u6226\u7565: \u30c9\u30eb\u306f\u3044\u3064\u58f2\u308b\u3079\u304d\u304b\uff1f\u3000\u30dd\u30f3\u30c9\u306e\u5229\u4e0a\u3052\u306f\uff1f\u3000\u5186\u306e\u9577\u671f\u898b\u901a\u3057\u306f\uff1f<\/a><\/li>\n<\/ul>\n<p>\u307e\u305f\u3001\u4e2d\u56fd\u306e\u666f\u6c17\u6e1b\u901f\u306f\u672c\u7269\u3067\u3042\u308a\u3001\u8cbf\u6613\u3092\u901a\u3057\u3066\u3053\u308c\u304c\u4e16\u754c\u7d4c\u6e08\u306b\u6ce2\u53ca\u3059\u308b\u53ef\u80fd\u6027\u306f\u5927\u304d\u3044\u3002<\/p>\n<ul>\n<li><a title=\"\u4e2d\u56fd\u682a\u66b4\u843d\u3067\u4e2d\u56fd\u7d4c\u6e08\u306f\u3069\u3046\u306a\u308b\u304b\uff1f: \u666f\u6c17\u6e1b\u901f\u306e\u539f\u56e0\u3068\u4e2d\u56fd\u7d4c\u6e08\u304c\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u6642\u306b\u4f3c\u3066\u3044\u308b\u7406\u7531\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1495\">\u4e2d\u56fd\u682a\u66b4\u843d\u3067\u4e2d\u56fd\u7d4c\u6e08\u306f\u3069\u3046\u306a\u308b\u304b\uff1f: \u666f\u6c17\u6e1b\u901f\u306e\u539f\u56e0\u3068\u4e2d\u56fd\u7d4c\u6e08\u304c\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u6642\u306b\u4f3c\u3066\u3044\u308b\u7406\u7531<\/a><\/li>\n<\/ul>\n<p><strong>\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u5d29\u58ca\u306f\u307e\u3060\u5148<\/strong><\/p>\n<p>\u307e\u305f\u3001\u3053\u308c\u304b\u3089\u306f\u3044\u3064\u3067\u3082\u307b\u3068\u3093\u3069\u7406\u7531\u306a\u3057\u306b\u682a\u304c\u6025\u843d\u3057\u3046\u308b\u76f8\u5834\u3067\u3042\u308b\u3002\u3053\u308c\u306f\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066\u81a8\u5927\u306a\u6d41\u52d5\u6027\u304c\u5e02\u5834\u306b\u4f9b\u7d66\u3055\u308c\u3066\u304a\u308a\u3001\u3053\u308c\u304c\u5f15\u304d\u63da\u3052\u3089\u308c\u308b\u6050\u6016\u306b\u5e02\u5834\u306f\u5e38\u306b\u82db\u307e\u308c\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u306a\u304c\u3089\u3001ECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u304c\u7de9\u548c\u3092\u7d9a\u3051\u3001\u30e6\u30fc\u30ed\u570f\u306e\u56fd\u50b5\u304c\u4f4e\u91d1\u5229\u3067\u3042\u308a\u7d9a\u3051\u308b\u9650\u308a\u3001\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u3082\u305d\u308c\u307b\u3069\u9ad8\u304f\u4e0a\u304c\u308b\u3053\u3068\u306f\u306a\u3044\u3068\u60f3\u5b9a\u3055\u308c\u308b\u3002\u88c1\u5b9a\u53d6\u5f15\u304c\u50cd\u304f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u4f4e\u91d1\u5229\u3067\u3042\u308b\u9650\u308a\u3001\u682a\u5f0f\u5e02\u5834\u304b\u3089\u3082\u8cc7\u91d1\u304c\u5f15\u304d\u63da\u3052\u3089\u308c\u308b\u30ea\u30b9\u30af\u306f\u5c11\u306a\u304f\u3001\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306f\u9ad8\u304f\u306a\u308b\u304c\u5b8c\u5168\u306b\u306f\u5d29\u58ca\u3057\u306a\u3044\u76f8\u5834\u304c\u7d9a\u304f\u3060\u308d\u3046\u3002\u3053\u308c\u306f\u4f55\u6545\u304b\uff1f\u3000\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u305f\u3002<\/p>\n<ul>\n<li><a title=\"2015\u5e74\u3001\u91d1\u878d\u5e02\u5834\u306f\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u7d42\u4e86\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/669\">2015\u5e74\u3001\u91d1\u878d\u5e02\u5834\u306f\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u7d42\u4e86\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044<\/a><\/li>\n<\/ul>\n<p>\u3053\u308c\u306f2015\u5e74\u306e\u521d\u3081\u306b\u66f8\u3044\u305f\u8a18\u4e8b\u3060\u304c\u3001\u4eca\u306a\u304a\u4e00\u756a\u91cd\u8981\u306a\u8a18\u4e8b\u3067\u3042\u308b\u3002\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066\u3069\u306e\u3088\u3046\u306b\u5e02\u5834\u306b\u8cc7\u91d1\u304c\u6d41\u308c\u8fbc\u307f\u3001\u6700\u7d42\u7684\u306b\u306f\u305d\u308c\u304c\u3069\u306e\u3088\u3046\u306b\u5f15\u304d\u63da\u3052\u3089\u308c\u3066\u3086\u304f\u306e\u304b\u3092\u8aac\u660e\u3057\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u305d\u306e\u4e88\u6e2c\u304c\u6b63\u3057\u3051\u308c\u3070\u3001\u682a\u5f0f\u304c\u66b4\u843d\u3059\u308b\u306e\u306f\u91d1\u5229\u304c\u9ad8\u9a30\u3059\u308b\u6642\u3067\u3042\u308b\u3002\u5e78\u304b\u4e0d\u5e78\u304b\u3001\u305d\u308c\u306f\u307e\u3060\u5f53\u5206\u6765\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u4e00\u756a\u6700\u521d\u306b\u66f8\u3044\u305f3\u3064\u306e\u4e88\u6e2c\u306f\u3001\u3053\u308c\u304b\u3089\u306e\u76f8\u5834\u304c\u666e\u901a\u306b\u306f\u30c8\u30ec\u30fc\u30c9\u3067\u304d\u306a\u3044\u76f8\u5834\u3067\u3042\u308b\u3053\u3068\u3092\u65e2\u306b\u793a\u3057\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306b\u7d39\u4ecb\u3057\u305f\u3088\u3046\u306b\u3001\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u306a\u3069\u306f\u66f4\u306b\u8907\u96d1\u306a\u6295\u8cc7\u6226\u7565\u3092\u63d0\u6848\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u682a\u306b\u6295\u8cc7\u3059\u308b\u65b9\u6cd5\u3092\u8a9e\u308b\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1639\">\u50b5\u5238\u738b\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f\u304c\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u682a\u306b\u6295\u8cc7\u3059\u308b\u65b9\u6cd5\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n<p>\u6295\u8cc7\u3067\u304d\u308b\u5bfe\u8c61\u304c\u9650\u3089\u308c\u308b\u65e5\u672c\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u306f\u672c\u5f53\u306b\u53b3\u3057\u3044\u5c40\u9762\u3068\u306a\u308b\u3060\u308d\u3046\u3002\u672c\u5f53\u3067\u3042\u308c\u3070\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u304a\u52e7\u3081\u3059\u308b\u304c\u3001\u305d\u308c\u3067\u3082\u6295\u8cc7\u3059\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u3053\u3053\u306e\u60c5\u5831\u3092\u8aad\u3093\u3067\u7121\u7528\u306a\u30ea\u30b9\u30af\u3092\u8efd\u6e1b\u3057\u3066\u307b\u3057\u3044\u3002\u307e\u305f\u3001\u70ba\u66ff\u3084\u91d1\u306a\u3069\u306f\u6bd4\u8f03\u7684\u307e\u3057\u306a\u6295\u8cc7\u5bfe\u8c61\u306b\u306a\u308a\u305d\u3046\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a title=\"\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u76f8\u5834\u3078\u306e\u5f71\u97ff: \u682a\u4fa1\u3001\u70ba\u66ff\u3001\u91d1\u4fa1\u683c\u3001\u539f\u6cb9\u4fa1\u683c\u306f\u3069\u3046\u306a\u308b\u304b\uff1f\u3000\u5e02\u5834\u304c\u66b4\u843d\u3059\u308b\u306e\u306f\u3044\u3064\u304b\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1970\">\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u76f8\u5834\u3078\u306e\u5f71\u97ff: \u682a\u4fa1\u3001\u70ba\u66ff\u3001\u91d1\u4fa1\u683c\u3001\u539f\u6cb9\u4fa1\u683c\u306f\u3069\u3046\u306a\u308b\u304b\uff1f\u3000\u5e02\u5834\u304c\u66b4\u843d\u3059\u308b\u306e\u306f\u3044\u3064\u304b\uff1f<\/a><\/li>\n<li><a title=\"\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u70ba\u66ff\u6295\u8cc7\u6226\u7565: \u30c9\u30eb\u306f\u3044\u3064\u58f2\u308b\u3079\u304d\u304b\uff1f\u3000\u30dd\u30f3\u30c9\u306e\u5229\u4e0a\u3052\u306f\uff1f\u3000\u5186\u306e\u9577\u671f\u898b\u901a\u3057\u306f\uff1f\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1981\">\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u70ba\u66ff\u6295\u8cc7\u6226\u7565: \u30c9\u30eb\u306f\u3044\u3064\u58f2\u308b\u3079\u304d\u304b\uff1f\u3000\u30dd\u30f3\u30c9\u306e\u5229\u4e0a\u3052\u306f\uff1f\u3000\u5186\u306e\u9577\u671f\u898b\u901a\u3057\u306f\uff1f<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u3055\u3066\u3001\u3053\u308c\u307e\u3067\u7c73\u56fd\u5229\u4e0a\u3052\u306b\u969b\u3057\u305f\u4e16\u754c\u306e\u91d1\u878d\u5e02\u5834\u5168\u4f53\u306e\u76f8\u5834\u89b3\u3068\u70ba\u66ff\u6295\u8cc7\u6226\u7565\u3092\u66f8\u3044\u3066\u304d\u305f\u306e\u3067\u3001\u4eca\u56de\u306f\u682a\u5f0f\u6295\u8cc7\u6226\u7565\u3067\u3042\u308b\u3002 8\u6708\u306e\u6025\u843d\u524d\u304b\u3089\u4e3b\u5f35\u3057\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066\u682a\u3092\u8cb7\u3048\u3070\u4e0a\u304c\u308b\u7c21\u5358\u306a\u76f8\u5834\u306f\u7d42\u308f\u308a\u3092\u544a\u3052\u3001\u682a\u5f0f\u5e02\u5834 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/1983\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u7c73\u56fd\u5229\u4e0a\u3052\u5f8c\u306e\u682a\u5f0f\u6295\u8cc7\u6226\u7565: \u4e0a\u304c\u3089\u306a\u3044\u304c\u6025\u843d\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u76f8\u5834\u3092\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u3069\u3046\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u304b\uff1f<\/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":[59,111],"tags":[7,35,68,72,91],"class_list":["post-1983","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-quantitative-easing","tag-short-selling","tag-micron-technology-nasdaq-mu","tag-rate-hike","tag-options"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1983","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=1983"}],"version-history":[{"count":16,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1983\/revisions"}],"predecessor-version":[{"id":2028,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/1983\/revisions\/2028"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=1983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=1983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=1983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}