{"id":2124,"date":"2015-12-15T18:28:38","date_gmt":"2015-12-15T09:28:38","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=2124"},"modified":"2016-03-21T20:16:51","modified_gmt":"2016-03-21T11:16:51","slug":"%e7%b1%b3%e5%9b%bd%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%ae%e5%bd%b1%e9%9f%bf%e3%81%a7%e3%83%8f%e3%82%a4%e3%82%a4%e3%83%bc%e3%83%ab%e3%83%89%e5%82%b5%e6%9a%b4%e8%90%bd-%e3%82%b8%e3%83%a3%e3%83%b3%e3%82%af","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/2124","title":{"rendered":"\u7c73\u56fd\u5229\u4e0a\u3052\u306e\u5f71\u97ff\u3067\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u66b4\u843d: \u30b8\u30e3\u30f3\u30af\u50b5\u5e02\u5834\u5d29\u58ca\u306f\u539f\u6cb9\u5b89\u53cd\u767a\u306e\u4e88\u5146"},"content":{"rendered":"<p>\u7c73\u56fd\u304c2008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u4ee5\u6765\u521d\u3081\u3066\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u5411\u304b\u3046\u306b\u3064\u308c\u3066\u7c73\u56fd\u306e\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\uff08\u9ad8\u5229\u56de\u308a\u50b5\uff09\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u3002\u7c73\u56fd\u306eThird Avenue\u304c\u904b\u7528\u3059\u308b\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u30d5\u30a1\u30f3\u30c9\u304c\u9589\u9396\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u305f\u3053\u3068\u3067\u30cb\u30e5\u30fc\u30b9\u306b\u3082\u306a\u3063\u305f\u304c\u3001\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u4e0b\u843d\u306f\u3069\u306e\u3088\u3046\u306a\u539f\u56e0\u3067\u8d77\u304d\u3001\u5e02\u5834\u306b\u3069\u306e\u3088\u3046\u306a\u610f\u5473\u3092\u6301\u3064\u306e\u304b\u3092\u8aac\u660e\u3057\u305f\u3044\u3002<\/p>\n<p>\u4ee5\u4e0b\u306f\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u3092\u96c6\u3081\u305fiShares High Yield Corporate Bond ETF (NYARCA:HYG; <a href=\"https:\/\/www.google.com\/finance?q=NYSEARCA:HYG\" target=\"_blank\">Google Finance<\/a>)\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2126\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-chart.png\" alt=\"2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><!--more--><\/p>\n<p>\u4ee5\u524d\u3088\u308a\u4e0b\u843d\u50be\u5411\u3060\u3063\u305f\u304c\u3001Third Avenue\u306e\u30b8\u30e3\u30f3\u30af\u50b5\u30d5\u30a1\u30f3\u30c9\u9589\u9396\u3092\u53d7\u3051\u3066\u66f4\u306b\u6025\u843d\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u9577\u671f\u3067\u898b\u308c\u3070\u3053\u3046\u306a\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2127\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-long-term-chart.png\" alt=\"2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-long-term-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-long-term-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-ishares-high-yield-corporate-bond-etf-nyarca-hyg-long-term-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>2013\u5e745\u6708\u306bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30d0\u30fc\u30ca\u30f3\u30ad\u524d\u8b70\u9577\u304c\u91cf\u7684\u7de9\u548c\u7e2e\u5c0f\uff08\u30c6\u30fc\u30d1\u30ea\u30f3\u30b0\uff09\u3092\u793a\u5506\u3057\u305f\u3042\u305f\u308a\u304b\u3089\u4e0b\u843d\u304c\u59cb\u307e\u3063\u3066\u304a\u308a\u3001\u3053\u306e\u70b9\u3067\u306f\u4ee5\u4e0b\u306e\u91d1\u4fa1\u683c\u306e\u30c1\u30e3\u30fc\u30c8\u306b\u4f3c\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-gold-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2128\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-gold-long-term-chart.png\" alt=\"2015-12-15-gold-long-term-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-gold-long-term-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-gold-long-term-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u3064\u307e\u308a\u306f\u3001\u7c73\u56fd\u306e\u91d1\u878d\u7de9\u548c\u304b\u3089\u306e\u8ee2\u63db\u3092\u53d7\u3051\u3066\u771f\u3063\u5148\u306b\u4e0b\u304c\u3063\u305f\u3082\u306e\u304c\u3001\u91cf\u7684\u7de9\u548c\u3067\u30d0\u30d6\u30eb\u3068\u306a\u3063\u3066\u3044\u305f\u91d1\u3068\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u3067\u3042\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u3068\u306f\u4f55\u304b\uff1f<\/strong><\/p>\n<p>\u30a4\u30fc\u30eb\u30c9\u3068\u306f\u5229\u56de\u308a\u306e\u610f\u3067\u3042\u308a\u3001\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u3068\u306f\u5229\u56de\u308a\u306e\u9ad8\u3044\u50b5\u5238\u3092\u6307\u3059\u3002\u73fe\u5728\u306e\u7c73\u56fd\u3067\u306f\u3001\u30b7\u30a7\u30fc\u30eb\u9769\u547d\u3068\u3053\u308c\u307e\u3067\u306e\u4f4e\u91d1\u5229\u3092\u53d7\u3051\u3066\u3001\u65b0\u305f\u306a\u539f\u6cb9\u6398\u524a\u30d7\u30ed\u30b8\u30a7\u30af\u30c8\u306e\u305f\u3081\u5927\u91cf\u306e\u501f\u91d1\u3092\u3057\u305f\u4f01\u696d\u304c\u591a\u304f\u5b58\u5728\u3059\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u306a\u304c\u3089\u305d\u306e\u5f8c\u306b\u8d77\u3053\u3063\u305f\u539f\u6cb9\u4fa1\u683c\u66b4\u843d\u306b\u3088\u308a\u3001\u6398\u524a\u3057\u305f\u539f\u6cb9\u3092\u58f2\u3063\u3066\u305d\u306e\u501f\u91d1\u3092\u8fd4\u3059\u8a08\u753b\u304c\u5371\u3046\u304f\u306a\u3063\u3066\u304a\u308a\u3001\u3053\u3046\u3057\u305f\u4fe1\u7528\u306e\u4f4e\u3044\u50b5\u5238\u304b\u3089\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u308a\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-WTI-crude-oil-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2129\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-WTI-crude-oil-long-term-chart.png\" alt=\"2015-12-15-WTI-crude-oil-long-term-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-WTI-crude-oil-long-term-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-WTI-crude-oil-long-term-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u4eca\u56de\u306e\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u6025\u843d\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u6025\u843d\u304c\u539f\u56e0\u3068\u306a\u3063\u3066\u8d77\u3053\u3063\u305f\u304c\u3001\u9006\u306b\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u306e\u6025\u843d\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u53cd\u767a\u306e\u539f\u56e0\u3068\u306a\u308b\u3060\u308d\u3046\u3002\u30a8\u30cd\u30eb\u30ae\u30fc\u95a2\u9023\u4f01\u696d\u304c\u5012\u7523\u306e\u5371\u6a5f\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u308c\u3070\u3001\u539f\u6cb9\u306e\u4f9b\u7d66\u304c\u6e1b\u308a\u3001\u4fa1\u683c\u304c\u4e0a\u304c\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u539f\u6cb9\u4fa1\u683c\u306f\u53cd\u767a\u3059\u308b\u306e\u304b\uff1f<\/strong><\/p>\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u518d\u5e30\u7406\u8ad6\u3092\u4f7f\u3063\u3066\u8a00\u3048\u3070\u3001\u539f\u6cb9\u306f\u4eca\u3001\u4fa1\u683c\u4e0b\u843d\u306e\u81ea\u5df1\u5f37\u5316\u7684\u306a\u30d7\u30ed\u30bb\u30b9\u306b\u3042\u308b\u3002\u539f\u6cb9\u4fa1\u683c\u304c\u4e0b\u304c\u308c\u3070\u4e0b\u304c\u308b\u307b\u3069\u7523\u6cb9\u56fd\u306e\u8ca1\u653f\u306f\u82e6\u3057\u304f\u306a\u308a\u3001\u6e1b\u7523\u3092\u884c\u3063\u3066\u4fa1\u683c\u3092\u652f\u3048\u308b\u3053\u3068\u304c\u96e3\u3057\u304f\u306a\u308b\u3002\u6e1b\u7523\u3092\u3059\u308c\u3070\u53ce\u5165\u304c\u6e1b\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u7523\u6cb9\u56fd\u306f\u3053\u306e\u8ca0\u306e\u30b9\u30d1\u30a4\u30e9\u30eb\u304b\u3089\u629c\u3051\u51fa\u305b\u306a\u3044\u72b6\u6cc1\u306b\u3042\u308a\u3001\u3053\u306e\u30d7\u30ed\u30bb\u30b9\u304b\u3089\u8131\u5374\u3059\u308b\u306b\u306f\u3001\u539f\u6cb9\u6398\u524a\u696d\u754c\u304b\u3089\u3044\u304f\u3064\u304b\u306e\u30d7\u30ec\u30a4\u30e4\u30fc\u304c\u9000\u5834\u3059\u308b\u3057\u304b\u306a\u3044\u3002\u3064\u307e\u308a\u306f\u5012\u7523\u3067\u3042\u308b\u3002<\/p>\n<p>\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u306e\u66b4\u843d\u306f\u3053\u306e\u7d50\u672b\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u304a\u308a\u3001\u5341\u5206\u306a\u6570\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u95a2\u9023\u4f01\u696d\u304c\u6dd8\u6c70\u3055\u308c\u308c\u3070\u3001\u3088\u3046\u3084\u304f\u539f\u6cb9\u4fa1\u683c\u306e\u53cd\u767a\u304c\u59cb\u307e\u308b\u3060\u308d\u3046\u3002\u305d\u3046\u306a\u308c\u3070\u3069\u3046\u306a\u308b\u304b\uff1f\u3000\u65e5\u9280\u3084ECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u304c\u7aae\u5730\u306b\u9665\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u4e0a\u304c\u308a\u59cb\u3081\u308b\u30a4\u30f3\u30d5\u30ec\u7387<\/strong><\/p>\n<p>\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u304c\u4e0a\u6607\u306b\u8ee2\u3058\u308c\u3070\u3001\u5f53\u7136\u306a\u304c\u3089\u7269\u4fa1\u304c\u4e0a\u304c\u308b\u3053\u3068\u3068\u306a\u308b\u3002\u539f\u6cb9\u5b89\u306e\u7269\u4fa1\u62bc\u3057\u4e0b\u3052\u5727\u529b\u306f\u7121\u8996\u3067\u304d\u305f\u4e2d\u592e\u9280\u884c\u3082\u3001\u62bc\u3057\u4e0a\u3052\u5727\u529b\u306f\u7121\u8996\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002\u7269\u4fa1\u304c\u4e0a\u304c\u308c\u3070\u56fd\u6c11\u306e\u751f\u6d3b\u304c\u82e6\u3057\u304f\u306a\u308a\u3001\u500b\u4eba\u6d88\u8cbb\u306b\u5f71\u97ff\u3059\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306e\u4e0a\u6607\u304c\u7d4c\u6e08\u6210\u9577\u3092\u62bc\u3057\u4e0b\u3052\u308b\u3068\u304d\u3001\u4e2d\u592e\u9280\u884c\u306b\u4f55\u304c\u3067\u304d\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u91cf\u7684\u7de9\u548c\u306e\u62e1\u5927\u306f\u4e0a\u6607\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u66f4\u306b\u60aa\u5316\u3055\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u4e2d\u592e\u9280\u884c\u306f\u7d4c\u6e08\u304c\u60aa\u5316\u3057\u3066\u3086\u304f\u3068\u304d\u306b\u7de9\u548c\u3092\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u3002\u305d\u308c\u3067\u306f\u3053\u308c\u307e\u3067\u91cf\u7684\u7de9\u548c\u3067\u652f\u3048\u3089\u308c\u3066\u304d\u305f\u682a\u3084\u50b5\u5238\u306f\u3069\u3046\u306a\u308b\u304b\uff1f\u3000\u66b4\u843d\u3059\u308b\u307b\u304b\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306e\u5d29\u58ca<\/strong><\/p>\n<p>\u91d1\u878d\u7de9\u548c\u304c\u5f15\u304d\u7de0\u3081\u3078\u3068\u79fb\u884c\u3059\u308b\u3068\u304d\u3001\u5e02\u5834\u304b\u3089\u5f90\u3005\u306b\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u3066\u3086\u304f\u304c\u3001\u6d41\u51fa\u306b\u306f\u9806\u756a\u304c\u3042\u308b\u3002\u50b5\u5238\u306b\u3064\u3044\u3066\u3082\u3001\u5148\u305a\u306f\u4fe1\u7528\u306e\u4f4e\u3044\u30b8\u30e3\u30f3\u30af\u50b5\u304b\u3089\u66b4\u843d\u3057\u3066\u3086\u304d\u3001\u305d\u3053\u304b\u3089\u4fe1\u983c\u304c\u9ad8\u3044\u50b5\u5238\u3078\u3068\u5f90\u3005\u306b\u79fb\u884c\u3057\u3066\u3086\u304f\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n<p>\u91d1\u306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href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-s-and-p-500-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2133\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-s-and-p-500-long-term-chart.png\" alt=\"2015-12-15-s-and-p-500-long-term-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-s-and-p-500-long-term-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-15-s-and-p-500-long-term-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u91cf\u7684\u7de9\u548c\u306a\u304d\u3042\u3068\u3082\u3001\u7c73\u56fd\u306e\u5b9f\u4f53\u7d4c\u6e08\u306e\u5805\u8abf\u3055\u3060\u3051\u3092\u983c\u308a\u306b\u4e0a\u6607\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u3044\u305a\u308c\u30d0\u30d6\u30eb\u306e\u5d29\u58ca\u304c\u682a\u5f0f\u306b\u307e\u3067\u6ce2\u53ca\u3059\u308b\u65e5\u304c\u6765\u308b\u3002\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u306e\u66b4\u843d\u306f\u305d\u306e\u7d42\u308f\u308a\u306e\u59cb\u307e\u308a\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u3069\u306e\u3088\u3046\u306a\u30d7\u30ed\u30bb\u30b9\u3067\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u3059\u308b\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306a\u3069\u3067\u8aac\u660e\u3057\u3066\u304d\u305f\u30022016\u5e74\u306f\u9762\u767d\u3044\u76f8\u5834\u306b\u306a\u308b\u3060\u308d\u3046\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<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u7c73\u56fd\u304c2008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u4ee5\u6765\u521d\u3081\u3066\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u5411\u304b\u3046\u306b\u3064\u308c\u3066\u7c73\u56fd\u306e\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\uff08\u9ad8\u5229\u56de\u308a\u50b5\uff09\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u3002\u7c73\u56fd\u306eThird Avenue\u304c\u904b\u7528\u3059\u308b\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u30d5\u30a1\u30f3\u30c9\u304c\u9589\u9396\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u305f\u3053\u3068\u3067\u30cb\u30e5\u30fc\u30b9\u306b\u3082\u306a\u3063 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/2124\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u7c73\u56fd\u5229\u4e0a\u3052\u306e\u5f71\u97ff\u3067\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u66b4\u843d: \u30b8\u30e3\u30f3\u30af\u50b5\u5e02\u5834\u5d29\u58ca\u306f\u539f\u6cb9\u5b89\u53cd\u767a\u306e\u4e88\u5146<\/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":[57,109],"tags":[7,58,64,72,75,112],"class_list":["post-2124","post","type-post","status-publish","format-standard","hentry","category-commodity-markets","category-crude-oil","tag-quantitative-easing","tag-crude-oil","tag-fed","tag-rate-hike","tag-gold","tag-crude-oil-price-prediction"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2124","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=2124"}],"version-history":[{"count":6,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2124\/revisions"}],"predecessor-version":[{"id":2135,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2124\/revisions\/2135"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=2124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=2124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=2124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}