{"id":2196,"date":"2015-12-26T20:58:23","date_gmt":"2015-12-26T11:58:23","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=2196"},"modified":"2016-03-21T20:19:05","modified_gmt":"2016-03-21T11:19:05","slug":"2016%e5%b9%b4%e9%87%91%e4%be%a1%e6%a0%bc%e3%81%ae%e6%8e%a8%e7%a7%bb%e4%ba%88%e6%83%b3-%e9%87%91%e3%81%af%e6%9a%b4%e9%a8%b0%e3%81%99%e3%82%8b%e3%81%8c%e3%81%84%e3%81%a4%e8%b2%b7%e3%81%86%e3%81%b9","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/2196","title":{"rendered":"2016\u5e74\u91d1\u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3: \u91d1\u306f\u66b4\u9a30\u3059\u308b\u304c\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\uff1f\u3000\u5229\u4e0a\u3052\u306e\u5f71\u97ff\u3068\u7c73\u56fd\u7d4c\u6e08\u306e\u52d5\u5411"},"content":{"rendered":"<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2168\">\u539f\u6cb9\u4fa1\u683c<\/a>\u3068<a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2165\">\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08<\/a>\u306b\u3064\u3044\u3066\u306e\u4e88\u6e2c\u3092\u65e2\u306b\u66f8\u3044\u305f\u306e\u3067\u3001\u3088\u3046\u3084\u304f2016\u5e74\u306e\u91d1\u4fa1\u683c\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a71\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n<p>\u91d1\u306f2017\u5e74\u306b\u306f\u66b4\u9a30\u3059\u308b\u304c\u3001\u554f\u984c\u306f\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u4f55\u5ea6\u3082\u8a00\u3046\u3088\u3046\u306b\u3001\u91d1\u3092\u8cfc\u5165\u3059\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u3053\u308c\u304b\u3089\u6570\u5e74\u306e\u6295\u8cc7\u5bb6\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u5927\u304d\u304f\u5de6\u53f3\u3059\u308b\u3002<\/p>\n<p>2016\u5e74\u306e\u91d1\u4fa1\u683c\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u91d1\u4fa1\u683c\u306e\u52d5\u5411\u3092\u4e88\u6e2c\u3059\u308b\u4e0a\u3067\u8003\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306f\u4ee5\u4e0b\u306e3\u3064\u3067\u3042\u308b\u3002<!--more--><\/p>\n<ul>\n<li>\u5229\u4e0a\u3052\u306f\u3069\u306e\u3088\u3046\u306a\u30da\u30fc\u30b9\u3067\u9032\u3080\u304b<\/li>\n<li>\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u51fa\u6765\u306a\u304f\u306a\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u4f55\u51e6\u304b<\/li>\n<li>\u7c73\u56fd\u306e\u9577\u671f\u91d1\u5229\u306f\u4f55\u51e6\u307e\u3067\u4e0a\u304c\u308b\u304b<\/li>\n<\/ul>\n<p>\u91d1\u306f\u30c9\u30eb\u304c\u4fa1\u5024\u3092\u5931\u3046\u3068\u304d\u306b\u8cb7\u308f\u308c\u3001\u30c9\u30eb\u304c\u4fa1\u5024\u3092\u53d6\u308a\u623b\u3059\u3068\u304d\u306b\u306f\u58f2\u3089\u308c\u308b\u3002\u4ee5\u4e0b\u306e\u30c1\u30e3\u30fc\u30c8\u304c\u793a\u3059\u3088\u3046\u306b\u30012008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u5f8c\u3001\u7c73\u56fd\u304c\u91cf\u7684\u7de9\u548c\u3092\u59cb\u3081\u305f\u3053\u3068\u3067\u3001\u4fa1\u5024\u3092\u5931\u3063\u305f\u30c9\u30eb\u304b\u3089\u91d1\u3078\u3068\u8cc7\u91d1\u306e\u9003\u907f\u304c\u8d77\u3053\u308a\u3001\u91d1\u4fa1\u683c\u306f2011\u5e74\u306b2,000\u30c9\u30eb\u8fd1\u3044\u9ad8\u5024\u307e\u3067\u66b4\u9a30\u3057\u305f\u304c\u3001\u7c73\u56fd\u304c\u91cf\u7684\u7de9\u548c\u3092\u505c\u6b62\u3057\u3001\u66f4\u306b\u306f\u5229\u4e0a\u3052\u3092\u3057\u305f\u3053\u3068\u3067\u8cc7\u91d1\u304c\u30c9\u30eb\u3078\u3068\u9006\u6d41\u3001\u30c9\u30eb\u306f\u4e0a\u6607\u3057\u3001\u91d1\u4fa1\u683c\u306f\u9ad8\u5024\u306e\u534a\u5024\u8fd1\u304f\u307e\u3067\u66b4\u843d\u3057\u305f\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-gold-long-term-chart.png\" rel=\"attachment wp-att-2203\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2203\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-gold-long-term-chart.png\" alt=\"2015-12-26-gold-long-term-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-gold-long-term-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-gold-long-term-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u7c73\u56fd\u306f2016\u5e74\u4ee5\u964d\u3082\u5229\u4e0a\u3052\u3092\u9032\u3081\u308b\u3064\u3082\u308a\u3067\u3042\u308a\u3001\u5229\u4e0a\u3052\u306f\u52ff\u8ad6\u91d1\u306b\u3068\u3063\u3066\u306f\u4e0b\u843d\u8981\u56e0\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u554f\u984c\u306f\u3001\u91d1\u4fa1\u683c\u304c\u5229\u4e0a\u3052\u3092\u4f55\u51e6\u307e\u3067\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u304b\u3067\u3042\u308a\u3001\u305d\u3057\u3066\u5b9f\u969b\u306b\u7c73\u56fd\u304c\u4f55\u51e6\u307e\u3067\u5229\u4e0a\u3052\u51fa\u6765\u308b\u304b\u3069\u3046\u304b\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u7c73\u56fd\u306e\u5229\u4e0a\u3052\u306f\u7d9a\u304b\u306a\u3044<\/strong><\/p>\n<p>\u3082\u30461\u5e74\u4ee5\u4e0a\u3082\u524d\u304b\u3089\u8a00\u3044\u7d9a\u3051\u3066\u3044\u308b\u901a\u308a\u3001\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u3092\u9032\u3081\u3066\u91d1\u878d\u5e02\u5834\u304c\u5d29\u58ca\u3057\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u6709\u308a\u5f97\u306a\u3044\u3002\u91cf\u7684\u7de9\u548c\u3067\u306f\u4f55\u5146\u30c9\u30eb\u3082\u306e\u8cc7\u91d1\u304c\u3070\u3089\u6492\u304b\u308c\u305f\u3002\u91cf\u7684\u7de9\u548c\u304c\u3042\u308b\u304b\u3089\u6295\u8cc7\u5bb6\u306f\u682a\u3068\u50b5\u5238\u3092\u8cb7\u3063\u3066\u304d\u305f\u306e\u3067\u3042\u308a\u3001\u305d\u308c\u304c\u7121\u3051\u308c\u3070\u6295\u8cc7\u5bb6\u306b\u306f\u30ea\u30b9\u30af\u8cc7\u7523\u3092\u4fdd\u6709\u3059\u308b\u7406\u7531\u304c\u306a\u3044\u3002<\/p>\n<p>\u6295\u8cc7\u5bb6\u306f\u4eca\u306e\u3068\u3053\u308d\u305d\u306e\u4e8b\u5b9f\u3092\u5fd8\u308c\u3066\u3044\u308b\u3088\u3046\u3060\u304c\u3001\u50b5\u5238\u306e\u91d1\u5229\u304c\u9b45\u529b\u7684\u306a\u6c34\u6e96\u307e\u3067\u4e0a\u6607\u3059\u308b\u3068\u304d\u3001\u6295\u8cc7\u5bb6\u306f\u682a\u304b\u3089\u50b5\u5238\u3078\u3068\u4e57\u308a\u63db\u3048\u3088\u3046\u3068\u3059\u308b\u3060\u308d\u3046\u3002\u682a\u3068\u50b5\u5238\u304c\u8cc7\u91d1\u3092\u53d6\u308a\u5408\u3046\u77ac\u9593\u304c\u6765\u308b\u3002\u4e21\u65b9\u306e\u76f8\u5834\u304c\u66b4\u843d\u3059\u308b\u3068\u304d\u3001\u7c73\u56fd\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u6b62\u3081\u3001\u7de9\u548c\u3092\u518d\u958b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u307e\u305f\u3001\u305d\u3046\u3057\u305f\u91d1\u878d\u5e02\u5834\u306e\u4e8b\u60c5\u3068\u306f\u5225\u306b\u3001\u7c73\u56fd\u7d4c\u6e08\u3082\u7de9\u548c\u306a\u3057\u3067\u9ad8\u6210\u9577\u3092\u7dad\u6301\u3067\u304d\u308b\u307b\u3069\u5f37\u304f\u306f\u306a\u3044\u30022016\u5e74\u306e\u5f8c\u534a\u304b\u30892017\u5e74\u306e\u524d\u534a\u306b\u304b\u3051\u3066\u3001\u91d1\u878d\u7de9\u548c\u304c\u5fc5\u8981\u306a\u30ec\u30d9\u30eb\u307e\u3067\u843d\u3061\u8fbc\u3093\u3067\u304f\u308b\u3060\u308d\u3046\u3002\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8a73\u3057\u304f\u66f8\u3044\u3066\u304a\u3044\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2165\">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<\/a><\/li>\n<\/ul>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u91d1\u878d\u5e02\u5834\u3092\u898b\u3066\u3082\u5b9f\u4f53\u7d4c\u6e08\u3092\u898b\u3066\u3082\u3001\u56db\u5ea6\u524d\u5f8c\u306e\u5229\u4e0a\u3052\u304c\u9650\u754c\u3067\u3042\u308a\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u6700\u7d42\u7684\u306b\u306f\u305d\u308c\u4ee5\u4e0a\u5229\u4e0a\u3052\u304c\u51fa\u6765\u306a\u3044\u3053\u3068\u3092\u8a8d\u3081\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308b\u3002\u305d\u3053\u304c\u91d1\u4fa1\u683c\u306e\u66b4\u9a30\u304c\u78ba\u5b9a\u3059\u308b\u77ac\u9593\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u6295\u8cc7\u5bb6\u306f\u305d\u308c\u307e\u3067\u306b\u91d1\u306e\u8cfc\u5165\u3092\u7d42\u4e86\u3057\u3066\u3044\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n<p>\u3061\u306a\u307f\u306b\u5229\u4e0a\u3052\u306e\u56de\u6570\u306b\u3064\u3044\u3066\u3001\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u4e09\u5ea6\u307e\u3067\u3068\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u305d\u306e\u8fba\u308a\u306e\u7d30\u304b\u3044\u6570\u5b57\u306f\u8aad\u8005\u5404\u81ea\u306e\u5224\u65ad\u306b\u4efb\u305b\u308b\u3053\u3068\u3068\u3057\u305f\u3044\u3002\u305d\u306e\u5f8c\u91d1\u304c\u66b4\u9a30\u3059\u308b\u3068\u3044\u3046\u5224\u65ad\u306f\u308f\u305f\u3057\u3082\u5f7c\u3082\u540c\u3058\u3067\u3042\u308b\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><strong>\u5e02\u5834\u306f\u4f55\u51e6\u307e\u3067\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u304b\uff1f<\/strong><\/p>\n<p>\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u554f\u984c\u306f\u3001\u91d1\u4fa1\u683c\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u4ee5\u4e0b\u306e2\u3064\u306e\u6570\u5b57\u304c\u3069\u3046\u52d5\u304f\u304b\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li>\u7c73\u56fd\u91d1\u5229\u5148\u7269\u5e02\u5834\u306b\u7e54\u308a\u8fbc\u307e\u308c\u305f\u5229\u4e0a\u3052\u306e\u56de\u6570<\/li>\n<li>\u7c73\u56fd\u9577\u671f\u91d1\u5229<\/li>\n<\/ul>\n<p>\u4e00\u822c\u7684\u306b\u306f\u3001\u3053\u308c\u3089\u306e\u6570\u5b57\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u5074\u306b\u52d5\u3051\u3070\u91d1\u304c\u4e0b\u304c\u308a\u3001\u7de9\u548c\u5074\u306b\u52d5\u3051\u3070\u91d1\u306f\u4e0a\u304c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u5148\u305a\u3001\u91d1\u5229\u5148\u7269\u5e02\u5834\u3067\u306f\u30012016\u5e74\u672b\u306e\u653f\u7b56\u91d1\u5229\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u78ba\u7387\u3067\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3002\uff08<strong>\u91d1\u5229:<\/strong> \u78ba\u7387\uff09<\/p>\n<ul>\n<li><strong>0.75%:<\/strong> 24.3%<\/li>\n<li><strong>1.00%:<\/strong> 32.3%<\/li>\n<li><strong>1.25%:<\/strong> 23.1%<\/li>\n<\/ul>\n<p>\u91d1\u5229\u304c1.00%\u307e\u3067\u4e0a\u304c\u308b\u78ba\u7387\u304c\u4e00\u756a\u591a\u304f\u898b\u7a4d\u3082\u3089\u308c\u3066\u304a\u308a\u3001\u4e00\u5ea6\u306e\u5229\u4e0a\u3052\u30920.25%\u3068\u3059\u308b\u3068\u56db\u5ea6\u306e\u5229\u4e0a\u3052\u304c\u60f3\u5b9a\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u308c\u306f\u308f\u305f\u3057\u304c\u5229\u4e0a\u3052\u306e\u9650\u5ea6\u3068\u3059\u308b\u6570\u5b57\u3068\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002\u305d\u306e\u63a8\u6e2c\u304c\u6b63\u3057\u3051\u308c\u3070\u3001\u305d\u308c\u4ee5\u4e0a\u306e\u5229\u4e0a\u3052\u306f\u4e0d\u53ef\u80fd\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u3001\u73fe\u72b6\u3067\u91d1\u5229\u5148\u7269\u5e02\u5834\u306f\u307b\u307c\u6700\u5927\u9650\u307e\u30672016\u5e74\u306e\u5229\u4e0a\u3052\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p><strong>\u9577\u671f\u91d1\u5229\u306f\u672a\u3060\u4f4e\u304f<\/strong><\/p>\n<p>\u4e00\u65b9\u3067\u3001\u7c73\u56fd\u306e\u9577\u671f\u91d1\u5229\u306f\u672a\u3060\u4f4e\u304f\u6291\u3048\u3089\u308c\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u30e6\u30fc\u30ed\u570f\u306e\u91cf\u7684\u7de9\u548c\u3067\u30c9\u30a4\u30c4\u56fd\u50b5\u3084\u30b9\u30da\u30a4\u30f3\u56fd\u50b5\u306a\u3069\u306e\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308a\u3001\u76f8\u5bfe\u7684\u306b\u9ad8\u91d1\u5229\u3068\u306a\u308b\u7c73\u56fd\u50b5\u3082\u8cb7\u308f\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306f10\u5e74\u7269\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-10-year-treasury-note-yield-long-term-chart.png\" rel=\"attachment wp-att-2202\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2202\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-10-year-treasury-note-yield-long-term-chart.png\" alt=\"2015-12-26-10-year-treasury-note-yield-long-term-chart\" width=\"599\" height=\"403\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-10-year-treasury-note-yield-long-term-chart.png 599w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2015\/12\/2015-12-26-10-year-treasury-note-yield-long-term-chart-300x202.png 300w\" sizes=\"auto, (max-width: 599px) 100vw, 599px\" \/><\/a><\/p>\n<p>\u7e8f\u3081\u3066\u8a00\u3048\u3070\u3001\u91d1\u5229\u5148\u7269\u5e02\u5834\u306e\u6570\u5b57\u306f\u91d1\u4fa1\u683c\u306b\u3068\u3063\u3066\u3053\u308c\u4ee5\u4e0a\u60aa\u5316\u3059\u308b\u3068\u306f\u8003\u3048\u3065\u3089\u3044\u304c\u3001\u9577\u671f\u91d1\u5229\u306f\u91d1\u4fa1\u683c\u3092\u62bc\u3057\u4e0b\u3052\u308b\u65b9\u5411\u306b\u9032\u3080\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308c\u3070\u3001\u9ad8\u91d1\u5229\u3092\u6c42\u3081\u3001\u91d1\u5229\u306e\u4ed8\u304b\u306a\u3044\u91d1\u304b\u3089\u7c73\u56fd\u50b5\u3078\u3068\u8cc7\u91d1\u304c\u6d41\u51fa\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<p>\u7c73\u56fd\u50b5\u306e\u898b\u901a\u3057\u306f\u5fae\u5999\u3067\u3042\u308b\u3002\u4e16\u754c\u7684\u306a\u4f4e\u6210\u9577\u306f\u7c73\u56fd\u50b5\u306b\u3068\u3063\u3066\u8ffd\u3044\u98a8\u3067\u3042\u308a\u3001\u91d1\u5229\u3092\u62bc\u3057\u4e0b\u3052\u308b\u8981\u56e0\u3068\u306a\u308b\u3002\u7c73\u56fd\u7d4c\u6e08\u306e\u6e1b\u901f\u304c\u6bd4\u8f03\u7684\u65e9\u304f\u660e\u3089\u304b\u3068\u306a\u308c\u3070\u3001\u3042\u308b\u3044\u306f\u91d1\u878d\u5e02\u5834\u304c\u4e09\u5ea6\u76ee\u307e\u3067\u306e\u5229\u4e0a\u3052\u3067\u66b4\u843d\u3059\u308c\u3070\u3001\u91d1\u4fa1\u683c\u306f\u4e0b\u843d\u3059\u308b\u6a5f\u4f1a\u3092\u4e0e\u3048\u3089\u308c\u305a\u3001\u305d\u306e\u307e\u307e\u4e0a\u6607\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u30012016\u5e74\u672b\u306e\u6642\u70b9\u3067\u5b9f\u4f53\u7d4c\u6e08\u3001\u91d1\u878d\u5e02\u5834\u3068\u3082\u306b\u307e\u3060\u8f9b\u3046\u3058\u3066\u4f59\u88d5\u304c\u3042\u308b\u5834\u5408\u3001Fed\u304c\u56db\u5ea6\u76ee\u4ee5\u964d\u306e\u5229\u4e0a\u3052\u3092\u5f37\u884c\u3059\u308b\u59ff\u52e2\u3092\u898b\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u3053\u306e\u5834\u5408\u306f\u9577\u671f\u91d1\u5229\u306f\u4e0a\u6607\u3057\u3001\u91d1\u304c1,000\u30c9\u30eb\u304b\u3089800\u30c9\u30eb\u306e\u30ec\u30f3\u30b8\u307e\u3067\u4e0b\u843d\u3059\u308b\u6050\u308c\u304c\u3042\u308a\u3001\u6295\u8cc7\u5bb6\u306b\u91d1\u306e\u8cb7\u3044\u5834\u3092\u63d0\u4f9b\u3059\u308b\u3060\u308d\u3046\u3002\u77ed\u671f\u91d1\u5229\u3068\u9577\u671f\u91d1\u5229\u304c\u3068\u3082\u306b\u4e0a\u6607\u3057\u305f\u5834\u5408\u3001\u682a\u5f0f\u5e02\u5834\u3084\u65b0\u8208\u56fd\u5e02\u5834\u304c\u7121\u4e8b\u3067\u3044\u3089\u308c\u308b\u3068\u306f\u60f3\u5b9a\u3057\u304c\u305f\u304f\u3001\u305d\u3053\u304c\u91d1\u306e\u5e95\u5024\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<p><strong>\u91d1\u306f\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\uff1f<\/strong><\/p>\n<p>\u3053\u306e\u7d76\u597d\u306e\u8cb7\u3044\u5834\u304c\u5230\u6765\u3059\u308b\u304b\u3069\u3046\u304b\u306f\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u6e1b\u901f\u3068\u91d1\u878d\u5e02\u5834\u306e\u6025\u843d\u3068\u5229\u4e0a\u3052\u30da\u30fc\u30b9\u306e\u3069\u308c\u304c\u65e9\u3044\u304b\u3068\u3044\u3046\u554f\u984c\u3067\u3042\u308a\u3001\u6b63\u78ba\u306a\u4e88\u6e2c\u306f\u96e3\u3057\u3044\u3002\u305d\u3053\u3067\u3001\u500b\u4eba\u7684\u306b\u306f\u91d1\u306e\u8cb7\u3044\u5165\u308c\u3092\u4e09\u5ea6\u306b\u5206\u3051\u308b\u3053\u3068\u306b\u3057\u305f\u3002<\/p>\n<p>\u8ff7\u3063\u305f\u672b\u306b\u4e00\u5ea6\u76ee\u306e\u8cb7\u3044\u306f\u65e2\u306b\u6e08\u307e\u305b\u305f\u3002\u91d1\u5229\u5148\u7269\u5e02\u5834\u304c\u65e2\u306b\u56db\u5ea6\u306e\u5229\u4e0a\u3052\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u305f\u3081\u3001\u3053\u308c\u4ee5\u4e0a\u306e\u91d1\u306e\u58f2\u308a\u6750\u6599\u304c\u8fd1\u3044\u3046\u3061\u306b\u51fa\u308b\u3068\u306f\u601d\u3048\u305a\u30011,050-1,080\u30c9\u30eb\u306e\u4fa1\u683c\u3067\u60f3\u5b9a\u8cb7\u3044\u5165\u308c\u91d1\u984d\u306e1\/3\u3092\u65e2\u306b\u8cfc\u5165\u3057\u305f\u3002\u3053\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f2016\u5e74\u5185\u306b\u640d\u3092\u51fa\u3059\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u899a\u609f\u306e\u4e0a\u3067\u3042\u308b\u3002<\/p>\n<p>\u3082\u3046\u4e00\u3064\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u6e1b\u901f\u304c\u6c7a\u5b9a\u7684\u3068\u306a\u308b\u77ac\u9593\u3067\u3001Fed\u304c\u91d1\u878d\u7de9\u548c\u306e\u518d\u958b\u3092\u8a8d\u3081\u3056\u308b\u3092\u3048\u306a\u3044\u3068\u78ba\u4fe1\u3067\u304d\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u3042\u308b\u3002\u4e0a\u8a18\u306e\u901a\u308a\u3001\u3053\u308c\u306f2016\u5e74\u5f8c\u534a\u304b\u30892017\u5e74\u524d\u534a\u3068\u4e88\u60f3\u3057\u3066\u304a\u308a\u3001\u305d\u306e\u6642\u306e\u8cb7\u3044\u5165\u308c\u4fa1\u683c\u304c\u4e00\u5ea6\u76ee\u306e\u8cb7\u3044\u5165\u308c\u3088\u308a\u9ad8\u304f\u306a\u308b\u304b\u3001\u4f4e\u304f\u306a\u308b\u304b\u306f\u4e0a\u8a18\u306b\u66f8\u3044\u305f\u30bf\u30a4\u30df\u30f3\u30b0\u6b21\u7b2c\u3060\u304c\u3001\u3044\u305a\u308c\u306b\u305b\u3088\u4e21\u65b9\u306e\u8cb7\u3044\u5165\u308c\u4fa1\u683c\u306e\u5e73\u5747\u5024\u306f\u60aa\u304f\u306a\u3044\u6570\u5b57\u306b\u306a\u308b\u306f\u305a\u3060\u3002<\/p>\n<p>\u6700\u5f8c\u306e1\/3\u306e\u8cb7\u3044\u5165\u308c\u306b\u95a2\u3057\u3066\u306f\u3001Fed\u304c\u5229\u4e0a\u3052\u306b\u56fa\u57f7\u3057\u3001\u4e0a\u8a18\u306b\u66f8\u3044\u305f\u7d76\u597d\u306e\u8cb7\u3044\u5834\u304c\u8a2a\u308c\u308b\u5834\u5408\u306b\u306e\u307f\u884c\u3046\u3002Fed\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u66f8\u3044\u305f\u7406\u7531\u3067\u5229\u4e0a\u3052\u3092\u3057\u305f\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u306e\u53ef\u80fd\u6027\u306f\u4f4e\u304f\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u304c\u3001\u3059\u3079\u3066\u306f\u30bf\u30a4\u30df\u30f3\u30b0\u6b21\u7b2c\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1384\">\u7c73\u56fd\u304c\u5229\u4e0a\u3052\u3092\u6025\u3050\u7406\u7531: \u30d0\u30d6\u30eb\u5d29\u58ca\u5f8c\u306e\u76f8\u5834\u306b\u5411\u3051\u305f\u5229\u4e0a\u3052\u7af6\u4e89\u306f\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n<p>\u5834\u5408\u306b\u3088\u3063\u3066\u306f\u4e8c\u5ea6\u76ee\u3068\u4e09\u5ea6\u76ee\u306e\u8cb7\u3044\u5165\u308c\u3092\u3053\u306e\u6642\u306b\u7e8f\u3081\u3066\u884c\u3046\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u305d\u306e\u8fba\u308a\u306b\u3064\u3044\u3066\u306f\u6642\u671f\u304c\u6765\u308c\u3070\u307e\u305f\u8a18\u4e8b\u306b\u3057\u3088\u3046\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u4ee5\u4e0a\u304c\u6563\u3005\u8003\u3048\u305f\u4e0a\u3067\u306e\u308f\u305f\u3057\u306e2016\u5e74\u306e\u91d1\u306e\u6295\u8cc7\u6226\u7565\u3067\u3042\u308b\u3002\u91d1\u306e\u307f\u306a\u3089\u305a\u30012016\u5e74\u306f\u682a\u5f0f\u3082\u70ba\u66ff\u3082\u539f\u6cb9\u3082\u96e3\u3057\u3044\u76f8\u5834\u3060\u304c\u3001\u5404\u5e02\u5834\u306b\u3064\u3044\u3066\u5305\u62ec\u7684\u306b\u4e88\u6e2c\u3092\u66f8\u3044\u3066\u304a\u3044\u305f\u306e\u3067\u3001\u305d\u3061\u3089\u3082\u53c2\u8003\u306b\u306a\u308c\u3070\u5e78\u3044\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a 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 href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/1983\">\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<\/a><\/li>\n<li><a 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<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","protected":false},"excerpt":{"rendered":"<p>\u539f\u6cb9\u4fa1\u683c\u3068\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u3064\u3044\u3066\u306e\u4e88\u6e2c\u3092\u65e2\u306b\u66f8\u3044\u305f\u306e\u3067\u3001\u3088\u3046\u3084\u304f2016\u5e74\u306e\u91d1\u4fa1\u683c\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a71\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002 \u91d1\u306f2017\u5e74\u306b\u306f\u66b4\u9a30\u3059\u308b\u304c\u3001\u554f\u984c\u306f\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u4f55\u5ea6\u3082\u8a00\u3046\u3088\u3046\u306b\u3001\u91d1\u3092\u8cfc\u5165\u3059\u308b\u30bf\u30a4\u30df &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/2196\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">2016\u5e74\u91d1\u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3: \u91d1\u306f\u66b4\u9a30\u3059\u308b\u304c\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\uff1f\u3000\u5229\u4e0a\u3052\u306e\u5f71\u97ff\u3068\u7c73\u56fd\u7d4c\u6e08\u306e\u52d5\u5411<\/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":[57,110],"tags":[64,72,75,99,113],"class_list":["post-2196","post","type-post","status-publish","format-standard","hentry","category-commodity-markets","category-gold","tag-fed","tag-rate-hike","tag-gold","tag-us-treasury-notes","tag-gold-price-prediction"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2196","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=2196"}],"version-history":[{"count":14,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2196\/revisions"}],"predecessor-version":[{"id":2212,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/2196\/revisions\/2212"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=2196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=2196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=2196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}