{"id":2165,"date":"2015-12-24T22:21:22","date_gmt":"2015-12-24T13:21:22","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=2165"},"modified":"2016-03-20T18:05:51","modified_gmt":"2016-03-20T09:05:51","slug":"2016%e5%b9%b4%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e7%b5%8c%e6%b8%88%e3%81%af%e6%b8%9b%e9%80%9f%e3%81%99%e3%82%8b-%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%a8%e3%83%89%e3%83%ab%e9%ab%98%e3%81%ae%e5%bd%b1","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/2165","title":{"rendered":"2016\u5e74\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3059\u308b: \u5229\u4e0a\u3052\u3068\u30c9\u30eb\u9ad8\u306e\u5f71\u97ff\u3001\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306e\u63a8\u79fb\u3001\u8cc3\u91d1\u306e\u4e0a\u6607"},"content":{"rendered":"<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2168\">\u539f\u6cb9<\/a>\u306b\u7d9a\u3044\u3066\u4eca\u5ea6\u306f2016\u5e74\u306e\u7c73\u56fd\u7d4c\u6e08\u5168\u4f53\u306e\u898b\u901a\u3057\u3067\u3042\u308b\u3002<\/p>\n<p>\u7c73\u56fd\u306e\u5229\u4e0a\u3052\u304c\u59cb\u307e\u3063\u3066\u304b\u3089\u3082\u7c73\u56fd\u682a\u306f\u307b\u307c\u53f2\u4e0a\u6700\u9ad8\u5024\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u65e5\u672c\u3084\u30e6\u30fc\u30ed\u570f\u306e\u682a\u5f0f\u3082\u9ad8\u5024\u4ed8\u8fd1\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u304c\u3001\u3053\u308c\u306f\u5805\u8abf\u306a\u7c73\u56fd\u7d4c\u6e08\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u5bfe\u3059\u308b\u6295\u8cc7\u5bb6\u306e\u4e0d\u5b89\u3092\u304b\u304d\u6d88\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u7c73\u56fd\u7d4c\u6e08\u306f\u6e1b\u901f\u3059\u308b\u3002\u305d\u3046\u3059\u308c\u3070\u7c73\u56fd\u682a\u306f\u6700\u5f8c\u306e\u983c\u307f\u306e\u7db1\u3092\u5931\u3046\u3053\u3068\u306b\u306a\u308a\u3001\u65e5\u6b27\u306e\u682a\u5f0f\u306b\u3082\u5f71\u97ff\u304c\u53ca\u3076\u3060\u308d\u3046\u3002<\/p>\n<p>\u305d\u3053\u3067\u3001\u4eca\u4e00\u5ea6\u7c73\u56fd\u7d4c\u6e08\u3092\u53d6\u308a\u5dfb\u304f\u74b0\u5883\u3068\u3001\u7c73\u56fd\u7d4c\u6e08\u3092\u6e1b\u901f\u3055\u305b\u308b\u539f\u56e0\u306b\u3064\u3044\u3066\u4e00\u3064\u4e00\u3064\u691c\u8a3c\u3057\u3066\u307f\u305f\u3044\u30022016\u5e74\u306e\u7c73\u56fd\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u8981\u7d20\u306f\u6982\u306d\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3042\u308b\u3002<!--more--><\/p>\n<ul>\n<li>\u30c9\u30eb\u9ad8\u306b\u3088\u308b\u8f38\u51fa\u306e\u4f4e\u8ff7<\/li>\n<li>\u6d77\u5916\u7d4c\u6e08\u306e\u6e1b\u901f\u306b\u3088\u308b\u8f38\u51fa\u306e\u4f4e\u8ff7<\/li>\n<li>\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c<\/li>\n<li>\u8cc3\u91d1\u306e\u4e0a\u6607<\/li>\n<li>\u91d1\u5229\u9ad8\u306b\u3088\u308b\u4f4f\u5b85\u6295\u8cc7\u3078\u306e\u60aa\u5f71\u97ff<\/li>\n<\/ul>\n<p>\u3053\u308c\u3089\u306e\u8981\u56e0\u306f\u4e00\u5ea6\u306b\u6765\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u4eca\u73fe\u5728\u5f71\u97ff\u3057\u3066\u3044\u308b\u3082\u306e\u3082\u3042\u308c\u3070\u3001\u3053\u308c\u304b\u3089\u5f90\u3005\u306b\u60aa\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3082\u306e\u3082\u3042\u308b\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u5f71\u97ff\u306e\u898f\u6a21\u3068\u6642\u671f\u306b\u3064\u3044\u3066\u3001\u9806\u306b\u691c\u8a3c\u3057\u3066\u3086\u304d\u305f\u3044\u3002<\/p>\n<p><strong>\u30c9\u30eb\u9ad8\u304c\u8755\u3080\u8f38\u51fa<\/strong><\/p>\n<p>\u5148\u305a\u3001\u30c9\u30eb\u9ad8\u306f\u73fe\u5728\u9032\u884c\u5f62\u3067\u7c73\u56fd\u7d4c\u6e08\u306b\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u308b\u3002\u7c73\u56fd\u306e\u6700\u5927\u8f38\u51fa\u76f8\u624b\u5730\u57df\u306f\u30ab\u30ca\u30c0\u3068\u6b27\u5dde\u3067\u3042\u308b\u304b\u3089\u3001\u30ab\u30ca\u30c0\u30c9\u30eb\u5b89\u3068\u30e6\u30fc\u30ed\u5b89\u304c\u3082\u3063\u3068\u3082\u7c73\u56fd\u306b\u3068\u3063\u3066\u75db\u624b\u3067\u3042\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u4ee5\u4e0b\u306f\u30ab\u30ca\u30c0\u30c9\u30eb\/\u7c73\u30c9\u30eb\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-cadusd-long-term-chart.png\" rel=\"attachment wp-att-2185\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2185\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-cadusd-long-term-chart.png\" alt=\"2015-12-24-cadusd-long-term-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-cadusd-long-term-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-cadusd-long-term-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u6b21\u306f\u30e6\u30fc\u30ed\u30c9\u30eb\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-eurusd-long-term-chart.png\" rel=\"attachment 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\/><\/a><\/p>\n<p>\u3057\u304b\u3057\u306a\u304c\u3089\u3001\u30c9\u30eb\u9ad8\u306f\u9032\u3081\u3070\u9032\u3080\u307b\u3069\u53cd\u843d\u3057\u3084\u3059\u304f\u306a\u308b\u30c8\u30ec\u30f3\u30c9\u3067\u3042\u308b\u3002\u8f38\u51fa\u306e\u4f4e\u8ff7\u304c\u9032\u307f\u3001\u8cbf\u6613\u53ce\u652f\u304c\u60aa\u5316\u3059\u308c\u3070\u305d\u308c\u81ea\u4f53\u304c\u30c9\u30eb\u5b89\u8981\u56e0\u3068\u306a\u308b\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u30c9\u30eb\u9ad8\u306b\u3088\u308b\u60aa\u5f71\u97ff\u306f\u3001\u9577\u671f\u7684\u306b\u306f\u5f31\u304f\u306a\u3063\u3066\u3086\u304f\u8981\u7d20\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u308c\u307e\u3067\u306b\u30822016\u5e74\u306e\u30ad\u30fc\u30ef\u30fc\u30c9\u306f\u30c9\u30eb\u9ad8\u53cd\u8ee2\u3067\u3042\u308b\u3068\u8aac\u660e\u3057\u3066\u304d\u305f\u3002\u70ba\u66ff\u76f8\u5834\u306b\u95a2\u3059\u308b\u898b\u89e3\u306e\u8a73\u7d30\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u53c2\u8003\u306b\u3057\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: 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title=\"2015\u5e743Q\u65e5\u672c\u306eGDP\u5185\u8a33: \u6d88\u8cbb\u5897\u7a0e\u304b\u3089\u3084\u3084\u56de\u5fa9\u306e\u5146\u3057\u3001\u91cf\u7684\u7de9\u548c\u304c\u4e0d\u52d5\u7523\u5e02\u5834\u306b\u597d\u5f71\u97ff\" href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2007\">2015\u5e743Q\u65e5\u672c\u306eGDP\u5185\u8a33: \u6d88\u8cbb\u5897\u7a0e\u304b\u3089\u3084\u3084\u56de\u5fa9\u306e\u5146\u3057\u3001\u91cf\u7684\u7de9\u548c\u304c\u4e0d\u52d5\u7523\u5e02\u5834\u306b\u597d\u5f71\u97ff<\/a><\/li>\n<\/ul>\n<p>\u4e0a\u8a18\u306e\u8a18\u4e8b\u3067\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u65e5\u672c\u7d4c\u6e08\u306f2016\u5e74\u306f\u3084\u3084\u5fa9\u8abf\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u30012017\u5e74\u306e\u6d88\u8cbb\u518d\u5897\u7a0e\u3067\u53f0\u7121\u3057\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u5b89\u500d\u9996\u76f8\u306f10%\u3078\u306e\u5897\u7a0e\u3092\u64a4\u56de\u3059\u3079\u304f\u9811\u5f35\u3063\u3066\u3044\u308b\u3088\u3046\u3060\u304c\u3001\u3053\u306e\u8a71\u984c\u306f\u307e\u305f\u5225\u9014\u3068\u3044\u3046\u3053\u3068\u306b\u3057\u3088\u3046\u3002<\/p>\n<p>\u4e00\u756a\u5371\u3046\u3044\u306e\u306f\u4e2d\u56fd\u7d4c\u6e08\u3067\u3042\u308b\u3002\u5b8c\u5168\u306b\u30d5\u30a3\u30af\u30b7\u30e7\u30f3\u3067\u3042\u308b\u653f\u5e9c\u767a\u8868\u306eGDP\u306f\u7121\u8996\u3059\u308b\u3068\u3057\u3066\u3001\u6bd4\u8f03\u7684\u306b\u4fe1\u983c\u3067\u304d\u308b\u96fb\u529b\u767a\u96fb\u91cf\u306f\u30de\u30a4\u30ca\u30b9\u6210\u9577\u304c\u5b9a\u7740\u3057\u3066\u304d\u305f\u3057\u3001\u8ca8\u7269\u8f38\u9001\u91cf\u306b\u81f3\u3063\u3066\u306f-15%\u3092\u8d85\u3048\u308b\u30de\u30a4\u30ca\u30b9\u6210\u9577\u3068\u30012008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u6642\u306e\u4e0b\u3052\u5e45\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\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>\u7e8f\u3081\u308c\u3070\u3001\u70ba\u66ff\u306e\u5f71\u97ff\u3092\u9664\u304f\u3068\u7c73\u56fd\u7d4c\u6e08\u3078\u306e\u4e00\u756a\u306e\u8105\u5a01\u306f\u65e5\u672c\u3068\u4e2d\u56fd\u306e\u666f\u6c17\u6e1b\u901f\u3067\u3042\u308a\u3001\u4e2d\u56fd\u306b\u3064\u3044\u3066\u306f\u9045\u304f\u3068\u30822016\u5e74\u5f8c\u534a\u307e\u3067\u306b\u306f\u4e2d\u56fd\u653f\u5e9c\u304c\u60f3\u5b9a\u6210\u9577\u7387\u306e\u5927\u5e45\u306a\u5f15\u304d\u4e0b\u3052\u3092\u5f37\u3044\u3089\u308c\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u8f38\u51fa\u306e\u91cf\u3067\u8a00\u3048\u3070\u4e3b\u306a\u30ea\u30b9\u30af\u3068\u306a\u308b\u306e\u306f\u7c73\u56fd\u8f38\u51fa\u5168\u4f53\u306e10%\u5f37\u3067\u3042\u308a\u3001\u898f\u6a21\u306e\u89b3\u70b9\u304b\u3089\u306f\u6050\u3089\u304f\u306f\u70ba\u66ff\u306e\u307b\u3046\u304c\u6d77\u5916\u306e\u9700\u8981\u305d\u306e\u3082\u306e\u3088\u308a\u3082\u30ea\u30b9\u30af\u3068\u3057\u3066\u306f\u5927\u304d\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3068\u60f3\u5b9a\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><strong>\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c<\/strong><\/p>\n<p>\u66b4\u843d\u3057\u3066\u3044\u308b\u539f\u6cb9\u4fa1\u683c\u306b\u3064\u3044\u3066\u306f\u3001\u7c73\u56fd\u306e\u30b7\u30a7\u30fc\u30eb\u4f01\u696d\u306e\u6c7a\u7b97\u3092\u8671\u6f70\u3057\u306b\u691c\u8a3c\u3057\u305f\u3046\u3048\u30672016\u5e74\u306e\u898b\u901a\u3057\u3092\u66f8\u3044\u3066\u304a\u3044\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2168\">2016\u5e74\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3: \u539f\u6cb9\u5b89\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\uff1f\u3000\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u66b4\u843d\u3068\u30b7\u30a7\u30fc\u30eb\u4f01\u696d\u5012\u7523\u306e\u539f\u6cb9\u52d5\u5411\u3078\u306e\u5f71\u97ff<\/a><\/li>\n<\/ul>\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u3053\u3068\u306b\u3088\u308b\u3068\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u5e95\u306b\u9054\u3059\u308b\u307e\u3067\u306b\u306f\u307e\u3060\u6642\u9593\u304c\u304b\u304b\u308b\u304c\u30012016\u5e74\u5f8c\u534a\u304b\u30892017\u5e74\u524d\u534a\u306b\u306f\u5e95\u3092\u8fce\u3048\u3001\u305d\u3053\u304b\u3089\u53cd\u767a\u306b\u5411\u304b\u3046\u3060\u308d\u3046\u3068\u4e88\u6e2c\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u3053\u308c\u306f\u9006\u306b\u8a00\u3048\u3070\u3001\u539f\u6cb9\u4fa1\u683c\u306f2016\u5e74\u524d\u534a\u306b\u306f\u5b89\u5024\u3067\u6291\u3048\u3064\u3051\u3089\u308c\u7d9a\u3051\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30b7\u30a7\u30fc\u30eb\u7523\u696d\u306e\u6dd8\u6c70\u306b\u306f\u307e\u3060\u6642\u9593\u304c\u304b\u304b\u308b\u3002\u305d\u3046\u306a\u308c\u3070\u3001\u8eca\u793e\u4f1a\u3067\u3042\u308b\u7c73\u56fd\u3067\u306f\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\u306e\u4f4e\u4e0b\u304c\u5bb6\u8a08\u306e\u6d88\u8cbb\u3092\u52a9\u3051\u7d9a\u3051\u308b\u516c\u7b97\u304c\u9ad8\u304f\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u6e1b\u901f\u306f\u534a\u5e74\u307b\u3069\u7de9\u3084\u304b\u306b\u306a\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<p>2016\u5e74\u306b\u3064\u3044\u3066\u306f\u65e5\u672c\u7d4c\u6e08\u306b\u3064\u3044\u3066\u3082\u56de\u5fa9\u8981\u56e0\u3092\u6307\u6458\u3057\u3066\u304a\u3044\u305f\u3088\u3046\u306b\u3001\u4e16\u754c\u7d4c\u6e08\u306e\u6e1b\u901f\u3092\u4e88\u6e2c\u3059\u308b\u6295\u8cc7\u5bb6\u306f\u30012016\u5e74\u524d\u534a\u306b\u306f\u60f3\u5b9a\u30b7\u30ca\u30ea\u30aa\u304c\u601d\u3063\u305f\u3088\u308a\u3082\u9032\u307e\u306a\u3044\u30ea\u30b9\u30af\u3092\u8003\u616e\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2007\">2015\u5e743Q\u65e5\u672c\u306eGDP\u5185\u8a33: \u6d88\u8cbb\u5897\u7a0e\u304b\u3089\u3084\u3084\u56de\u5fa9\u306e\u5146\u3057\u3001\u91cf\u7684\u7de9\u548c\u304c\u4e0d\u52d5\u7523\u5e02\u5834\u306b\u597d\u5f71\u97ff<\/a><\/li>\n<\/ul>\n<p><strong>\u5b8c\u5168\u96c7\u7528\u306b\u8fd1\u3065\u304f\u7c73\u56fd\u306e\u8cc3\u91d1<\/strong><\/p>\n<p>\u5b9f\u4f53\u7d4c\u6e08\u306b\u3068\u3063\u3066\u3082\u3046\u4e00\u3064\u91cd\u8981\u3067\u3042\u308b\u306e\u306f\u8cc3\u91d1\u3067\u3042\u308b\u3002\u91d1\u878d\u5e02\u5834\u306e\u6df7\u4e71\u306b\u3088\u308a\u5229\u4e0a\u3052\u306e\u958b\u59cb\u304c\u9045\u308c\u305f\u305f\u3081\u3001\u7c73\u56fd\u306e\u5931\u696d\u7387\u306f\u3082\u3046\u9577\u3089\u304f\u4f4e\u6c34\u6e96\u306b\u3042\u308b\u3002<\/p>\n<p>\u8cc3\u91d1\u306e\u4e0a\u6607\u3082\u59cb\u307e\u3063\u3066\u304a\u308a\u3001\u4f01\u696d\u306e\u30b3\u30b9\u30c8\u3092\u5727\u8feb\u3059\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u306e\u61f8\u5ff5\u304c\u5e83\u304c\u3063\u3066\u3044\u308b\u3002\u30b9\u30fc\u30d1\u30fc\u5927\u624b\u306eWal-Mart (NYSE:WMT; <a href=\"https:\/\/www.google.com\/finance?cid=38230\">Google Finance<\/a>)\u304c\u5f93\u696d\u54e1\u306e\u8cc3\u91d1\u3092\u4e0a\u3052\u305f\u5f8c\u306b\u5229\u76ca\u4e88\u60f3\u306e\u5f15\u304d\u4e0b\u3052\u3092\u884c\u3063\u305f\u306e\u306f\u8c61\u5fb4\u7684\u306a\u4e8b\u4ef6\u3067\u3042\u308b\u3002Wal-Mart\u306e\u682a\u4fa1\u306f\u5927\u5e45\u306b\u4e0b\u843d\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-wal-mart-stores-nyse-wmt-chart.png\" rel=\"attachment wp-att-2190\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2190\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-wal-mart-stores-nyse-wmt-chart.png\" alt=\"2015-12-24-wal-mart-stores-nyse-wmt-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-wal-mart-stores-nyse-wmt-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-24-wal-mart-stores-nyse-wmt-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u30a2\u30e1\u30ea\u30ab\u4f01\u696d\u306e\u6c7a\u7b97\u3092\u898b\u6e21\u3057\u3066\u3044\u308b\u3068\u3001\u4eba\u4ef6\u8cbb\u306e\u4e0a\u6607\u304c\u5229\u76ca\u3092\u5727\u8feb\u3057\u3066\u3044\u308b\u69d8\u5b50\u304c\u76ee\u306b\u3064\u304f\u3088\u3046\u306b\u306a\u3063\u3066\u304d\u305f\u3053\u3068\u3082\u3042\u308a\u3001\u500b\u4eba\u7684\u306b\u306f\u3084\u3084\u61f8\u5ff5\u3092\u5f37\u3081\u3066\u3044\u308b\u3002<\/p>\n<p>\u8cc3\u91d1\u306e\u4e0a\u6607\u306f\u91d1\u878d\u653f\u7b56\u304b\u3089\u4f4f\u5b85\u5e02\u5834\u3001\u4f4f\u5b85\u5e02\u5834\u304b\u3089\u5efa\u7bc9\u696d\u754c\u306a\u3069\u306b\u6ce2\u53ca\u3057\u3066\u3086\u304f\u3068\u3044\u3046\u306e\u304c\u30bb\u30aa\u30ea\u30fc\u3060\u304c\u3001\u73fe\u72b6\u3067\u306f\u8cc3\u91d1\u4e0a\u6607\u306f\u65e2\u306b\u91d1\u878d\u653f\u7b56\u304b\u3089\u96e2\u308c\u305f\u3068\u3053\u308d\u307e\u3067\u6ce2\u53ca\u3057\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u9006\u306b\u8a00\u3048\u3070\u3001\u5229\u4e0a\u3052\u304c\u59cb\u307e\u3063\u305f\u304b\u3089\u3068\u3044\u3063\u3066\u8cc3\u91d1\u4e0a\u6607\u304c\u6b62\u307e\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u8cc3\u91d1\u4e0a\u6607\u306f\u7c73\u56fd\u7d4c\u6e08\u304c\u597d\u8abf\u3067\u3042\u308c\u3070\u3042\u308b\u307b\u3069\u5f37\u304f\u306a\u308b\u30c8\u30ec\u30f3\u30c9\u3067\u3042\u308a\u3001\u3064\u307e\u308a\u306f2016\u5e74\u306b\u7c73\u56fd\u306e\u7d4c\u6e08\u6210\u9577\u304c\u4e88\u60f3\u4ee5\u4e0a\u306b\u4e0a\u632f\u308c\u3059\u308b\u5834\u5408\u306b\u304a\u3044\u3066\u3082\u30c9\u30eb\u9ad8\u3068\u3068\u3082\u306b\u30d6\u30ec\u30fc\u30ad\u306e\u5f79\u76ee\u3092\u679c\u305f\u3059\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p><strong>\u5229\u4e0a\u3052\u306e\u4f4f\u5b85\u5e02\u5834\u3078\u306e\u5f71\u97ff<\/strong><\/p>\n<p>\u6700\u5f8c\u306b\u6319\u3052\u308b\u306e\u306f\u5229\u4e0a\u3052\u306e\u5b9f\u4f53\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u3067\u3042\u308b\u3002\u3053\u308c\u307e\u3067\u3082\u8ff0\u3079\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u305d\u3057\u3066\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u3082\u8a00\u3046\u3088\u3046\u306b\u3001\u4e00\u5ea6\u306e\u5229\u4e0a\u3052\u304c\u5b9f\u4f53\u7d4c\u6e08\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3068\u3044\u3046\u3053\u3068\u306f\u306a\u3044\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2172\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u304c\u5229\u4e0a\u3052\u5f8c\u306e\u76f8\u5834\u3092\u8a9e\u308b: 2016\u5e74\u306e\u30c9\u30eb\u3001\u682a\u5f0f\u3001\u50b5\u5238\u3001\u91d1\u3001\u539f\u6cb9\u3001\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u5229\u4e0a\u3052\u3082\u56db\u5ea6\u76ee\u8fba\u308a\u306b\u306a\u308c\u3070\u653f\u7b56\u91d1\u5229\u304c1%\u307e\u3067\u4e0a\u304c\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u3053\u306e\u8fba\u308a\u304b\u3089\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u59cb\u3081\u308b\u3060\u308d\u3046\u3002\u73fe\u5728\u3001\u7c73\u56fd\u3067\u306f2016\u5e74\u306b\u56db\u5ea6\u307b\u3069\u306e\u5229\u4e0a\u3052\u304c\u60f3\u5b9a\u3055\u308c\u3066\u304a\u308a\u3001\u3064\u307e\u308a\u306f2016\u5e74\u306e\u672b\u306b\u7c73\u56fd\u306e\u91d1\u5229\u306f\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u59cb\u3081\u308b\u6c34\u6e96\u307e\u3067\u4e0a\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\uff08\u305d\u308c\u306f\u52ff\u8ad6\u3001\u305d\u308c\u307e\u3067\u306b\u91d1\u878d\u5e02\u5834\u304c\u5d29\u58ca\u3057\u306a\u3051\u308c\u3070\u3067\u3042\u308b\u3002\uff09<\/p>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u4e0a\u8a18\u306b\u8ff0\u3079\u305f\u6e1b\u901f\u8981\u56e0\u3092\u7c73\u56fd\u7d4c\u6e08\u304c\u8f9b\u3046\u3058\u3066\u4e57\u308a\u8d8a\u3048\u30012016\u5e74\u672b\u306b\u8fbf\u308a\u7740\u3044\u305f\u3068\u3057\u3066\u3082\u30012017\u5e74\u306b\u306f\u4e0a\u8a18\u306e\u6e1b\u901f\u8981\u56e0\u306b\u52a0\u3048\u3066\u5229\u4e0a\u3052\u304c\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u606f\u306e\u6839\u3092\u6b62\u3081\u308b\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u6295\u8cc7\u5bb6\u306f\u305d\u308c\u307e\u3067\u306b\u30c9\u30eb\u3092\u51e6\u5206\u3057\u3001\u91d1\u3092\u8cb7\u3044\u3001\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u304b\u3089\u5229\u4e0b\u3052\u306b\u8ee2\u3058\u308b\u77ac\u9593\u306b\u5099\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>2016\u5e74\u306e\u524d\u534a\u3001\u7c73\u56fd\u7d4c\u6e08\u306f\u30c9\u30eb\u9ad8\u306e\u6e1b\u901f\u3068\u5f15\u304d\u7d9a\u304d\u4f4e\u8ff7\u3059\u308b\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306b\u52a9\u3051\u3089\u308c\uff08\u30a8\u30cd\u30eb\u30ae\u30fc\u90e8\u9580\u306f\u9664\u304f\uff09\u3001\u6210\u9577\u306e\u6e1b\u901f\u306f\u3084\u3084\u7de9\u3084\u304b\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u304c\u30012016\u5e74\u306e\u5f8c\u534a\u304b\u3089\u306f\u539f\u6cb9\u4fa1\u683c\u306e\u53cd\u767a\u30ea\u30b9\u30af\u3084\u4e2d\u56fd\u7d4c\u6e08\u3068\u65e5\u672c\u7d4c\u6e08\u306e\u6e1b\u901f\u3001\u4e0a\u6607\u3059\u308b\u8cc3\u91d1\u306a\u3069\u306b\u3088\u3063\u3066\u6e1b\u901f\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308b\u3060\u308d\u3046\u30022017\u5e74\u306b\u306f\u5229\u4e0a\u3052\u306e\u5b9f\u4f53\u7d4c\u6e08\u3078\u306e\u60aa\u5f71\u97ff\u3082\u9855\u5728\u5316\u3057\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u6e1b\u901f\u306f\u306f\u3063\u304d\u308a\u3068\u3057\u305f\u3082\u306e\u306b\u306a\u308b\u3068\u60f3\u5b9a\u3055\u308c\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u3053\u306e\u8a18\u4e8b\u306f\u5b9f\u4f53\u7d4c\u6e08\u306b\u95a2\u3059\u308b\u5f71\u97ff\u306e\u307f\u3092\u66f8\u3044\u3066\u3044\u308b\u304c\u30012017\u5e74\u307e\u3067\u306b\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u3057\u3066\u3044\u306a\u3044\u304b\u3069\u3046\u304b\u306f\u5225\u554f\u984c\u3067\u3042\u308b\u3002\u3053\u308c\u3089\u306e\u70b9\u306b\u3064\u3044\u3066\u3082\u5f90\u3005\u306b\u66f8\u3044\u3066\u3086\u304f\u3064\u3082\u308a\u3067\u3042\u308b\u306e\u3067\u3001\u697d\u3057\u307f\u306b\u3057\u3066\u304a\u3044\u3066\u307b\u3057\u3044\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u539f\u6cb9\u306b\u7d9a\u3044\u3066\u4eca\u5ea6\u306f2016\u5e74\u306e\u7c73\u56fd\u7d4c\u6e08\u5168\u4f53\u306e\u898b\u901a\u3057\u3067\u3042\u308b\u3002 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