{"id":24285,"date":"2022-05-14T20:01:00","date_gmt":"2022-05-14T11:01:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=24285"},"modified":"2022-05-14T14:19:52","modified_gmt":"2022-05-14T05:19:52","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e7%8f%be%e5%9c%a8%e3%81%ae%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%ae%e7%89%a9%e4%be%a1%e9%ab%98%e9%a8%b0%e3%81%af%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24285","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u904e\u304e\u306a\u3044"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u4e16\u754c\u6709\u6570\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306e\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u9577\u671f\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u9762\u767d\u3044\u3053\u3068\u3092\u8a9e\u3063\u3066\u3044\u308b\u3002\u30bf\u30a4\u30c8\u30eb\u306f\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u805e\u304d\u899a\u3048\u306e\u3042\u308b\u3082\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>4\u6708\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u767a\u8868\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24257\" data-type=\"post\" data-id=\"24257\">\u30a2\u30e1\u30ea\u30ab\u306e4\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3001\u4e88\u60f3\u4e0a\u56de\u308b\u3000\u682a\u4fa1\u306f\u4e0b\u843d<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u306e8.2%\u3068\u3044\u3046\u6570\u5b57\u306f\u524d\u67083\u6708\u3088\u308a\u4f4e\u304b\u3063\u305f\u304c\u3001\u5e02\u5834\u4e88\u60f3\u3088\u308a\u306f\u9ad8\u304b\u3063\u305f\u3002\u305d\u308c\u306b\u3064\u3044\u3066\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30a4\u30f3\u30d5\u30ec\u306e\u6570\u5b57\u306f\u307e\u305f\u3082\u3084\u4eba\u3005\u306e\u4e88\u60f3\u3088\u308a\u60aa\u304b\u3063\u305f\u30023\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u30d4\u30fc\u30af\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u8fd1\u3044\u3046\u3061\u306b2%\u306b\u8fd1\u3065\u304f\u3053\u3068\u306f\u6709\u308a\u5f97\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u6e1b\u901f\u3057\u3066\u3044\u308b\u7406\u7531\u3001\u305d\u3057\u3066\u4eca\u5f8c\u6570\u30f6\u6708\u6e1b\u901f\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u7406\u7531\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24209\" data-type=\"post\" data-id=\"24209\">2022\u5e74\u30a4\u30f3\u30d5\u30ec\u682a\u4fa1\u66b4\u843d\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304c\u7d50\u5c40\u306f\u77ed\u671f\u7684\u306a\u6e1b\u901f\u306e\u8a71\u3067\u306f\u306a\u304f\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u9577\u671f\u7684\u306b\u3069\u3046\u306a\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u91cd\u8981\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u4eca\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u30a4\u30f3\u30d5\u30ec\u306e\u6838\u3068\u8a00\u3046\u3079\u304d\u52b4\u50cd\u5e02\u5834\u306f\u904e\u71b1\u3057\u3066\u304a\u308a\u3001\u30b5\u30fc\u30d3\u30b9\u306e\u4fa1\u683c\u3092\u62bc\u3057\u4e0a\u3052\u3066\u3044\u308b\u3002\u5730\u653f\u5b66\u7684\u30ea\u30b9\u30af\u306f\u4f9b\u7d66\u7db2\u3092\u5727\u8feb\u3057\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30ed\u30b7\u30a2\u306e\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u3067\u897f\u5074\u8af8\u56fd\u304c\u30ed\u30b7\u30a2\u7523\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u8cc7\u6e90\u306e\u7981\u8f38\u3092\u884c\u306a\u3063\u305f\u3053\u3068\u306b\u3088\u308a\u3001\u897f\u5074\u8af8\u56fd\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u306f\u9ad8\u9a30\u3057\u3066\u3044\u308b\u3002\u539f\u6cb9\u4fa1\u683c\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-14-wti-crude-oil-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-14-wti-crude-oil-chart.png\" alt=\"\" class=\"wp-image-24301\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-14-wti-crude-oil-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-14-wti-crude-oil-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u305d\u308c\u3067\u30ed\u30b7\u30a2\u304c\u82e6\u3057\u3093\u3067\u3044\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u30ed\u30b7\u30a2\u306f\u4e2d\u56fd\u3084\u30a4\u30f3\u30c9\u3001\u30cf\u30f3\u30ac\u30ea\u30fc\u306a\u3069\u4e2d\u7acb\u56fd\u306b\u539f\u6cb9\u3084\u5929\u7136\u30ac\u30b9\u3092\u58f2\u308c\u3070\u826f\u3044\u3060\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ed\u30b7\u30a2\u306f\u3080\u3057\u308d\u897f\u5074\u306e\u5236\u88c1\u3067\u8f38\u51fa\u54c1\u306e\u5024\u6bb5\u3067\u4e0a\u304c\u3063\u3066\u5132\u304b\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u304c\u30eb\u30fc\u30d6\u30eb\u9ad8\u306e\u7406\u7531\u3067\u3042\u308b\u3002\u897f\u5074\u8af8\u56fd\u306e\u884c\u52d5\u306f\u672c\u5f53\u306b\u81ea\u6bba\u3068\u3057\u304b\u8a00\u3044\u3088\u3046\u304c\u306a\u3044\u3002\u6d88\u8cbb\u8005\u306f\u5dfb\u304d\u8fbc\u307e\u308c\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u4eab\u53d7\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/23308\" data-type=\"post\" data-id=\"23308\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30ed\u30b7\u30a2\u306f\u5bfe\u9732\u5236\u88c1\u3067\u3080\u3057\u308d\u5132\u304b\u3063\u3066\u3044\u308b<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/22334\" data-type=\"post\" data-id=\"22334\">\u79fb\u6c11\u5371\u6a5f\u304b\u3089\u30a6\u30af\u30e9\u30a4\u30ca\u307e\u3067: \u897f\u6d0b\u6587\u660e\u306f\u81ea\u6bba\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306e\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u306b\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306f\u3069\u3046\u5bfe\u5fdc\u3059\u308b\u3060\u308d\u3046\u304b\u3002\u5f7c\u3089\u304c\u6301\u3061\u51fa\u3057\u3066\u3044\u308b\u306e\u306f\u300c\u4fa1\u683c\u91e3\u308a\u4e0a\u3052\u7981\u6b62\u6cd5\u300d\u3067\u3042\u308a\u3001\u73fe\u5728\u306e\u4fa1\u683c\u9ad8\u9a30\u306f\u5f37\u6b32\u306a\u4f01\u696d\u304c\u4fa1\u683c\u3092\u91e3\u308a\u4e0a\u3052\u3066\u3044\u308b\u304b\u3089\u3060\u3068\u3044\u3046\u4eee\u8aac\u306e\u3082\u3068\u3001\u300c\u4fa1\u683c\u306e\u91e3\u308a\u4e0a\u3052\u300d\u3092\u7981\u6b62\u3059\u308b\u6cd5\u6848\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u99ac\u9e7f\u3052\u305f\u6cd5\u6848\u306f\u5f53\u7136\u4e0e\u515a\u6c11\u4e3b\u515a\u304b\u3089\u51fa\u3066\u304d\u3066\u3044\u308b\u3002\u3060\u304c\u5f7c\u3089\u306e\u7d19\u5e63\u3070\u3089\u6492\u304d\u3068\u8131\u70ad\u7d20\u653f\u7b56\u3053\u305d\u304c\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u539f\u56e0\u3067\u3042\u308b\u3053\u3068\u306f\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u8a00\u3046\u307e\u3067\u3082\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/16442\" data-type=\"post\" data-id=\"16442\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u3092\u9ad8\u9a30\u3055\u305b\u308b\u8131\u70ad\u7d20\u653f\u7b56\u306f\u5065\u5168\u3067\u306f\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u306e\u7d50\u679c\u51fa\u3066\u304d\u305f\u3082\u306e\u304c\u3001\u8981\u3059\u308b\u306b\u4fa1\u683c\u7d71\u5236\u6cd5\u6848\u3067\u3042\u308b\u3002\u3053\u306e\u6cd5\u6848\u306b\u3064\u3044\u3066\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u300c\u4fa1\u683c\u306e\u91e3\u308a\u4e0a\u3052\u300d\u3068\u3044\u3046\u6982\u5ff5\u3092\u7d4c\u6e08\u5b66\u306b\u6301\u3061\u8fbc\u3080\u306e\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u6d88\u6bd2\u85ac\u3092\u6ce8\u5c04\u3057\u3066\u30b3\u30ed\u30ca\u3092\u6cbb\u3059\u6848\u3092\u533b\u5b66\u306b\u6301\u3061\u8fbc\u3093\u3060\u3053\u3068\u3068\u540c\u3058\u5371\u967a\u306a\u30ca\u30f3\u30bb\u30f3\u30b9\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30aa\u30d0\u30de\u653f\u6a29\u306e\u8ca1\u52d9\u9577\u5b98\u3092\u52d9\u3081\u305f\u6c11\u4e3b\u515a\u652f\u6301\u8005\u306e\u30b5\u30de\u30fc\u30ba\u6c0f\u304b\u3089\u3053\u306e\u8a00\u8449\u304c\u51fa\u3066\u304f\u308b\u3053\u3068\u306e\u610f\u5473\u306f\u91cd\u3044\u3002<\/p>\n\n\n\n<p><strong>\u3064\u3044\u306b\u59cb\u307e\u308b\u4fa1\u683c\u7d71\u5236<\/strong><\/p>\n\n\n\n<p>\u4fa1\u683c\u7d71\u5236\u306e\u5371\u967a\u6027\u306b\u3064\u3044\u3066\u306f\u53bb\u5e74\u306e1\u6708\u306e\u8a18\u4e8b\u3067\u8a9e\u3063\u3066\u304a\u3044\u305f\u3002\u3082\u30461\u5e74\u4ee5\u4e0a\u524d\u306e\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\/11964\" data-type=\"post\" data-id=\"11964\">\u30a4\u30f3\u30d5\u30ec\u304c\u5236\u5fa1\u4e0d\u80fd\u306b\u306a\u308c\u3070\u653f\u5e9c\u306f\u4fa1\u683c\u7d71\u5236\u3092\u59cb\u3081\u308b (2021\/1\/22)<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304c\u3053\u306e\u6642\u70b9\u3067\u305d\u3093\u306a\u72b6\u6cc1\u306b\u306a\u308b\u3068\u601d\u3063\u3066\u3044\u305f\u4eba\u306f\u8ab0\u3082\u3044\u306a\u304b\u3063\u305f\u3060\u308d\u3046\u3002\u305d\u3057\u3066\u4fa1\u683c\u7d71\u5236\u304c\u884c\u308f\u308c\u308c\u3070\u3001\u8ab0\u3082\u3082\u306e\u3092\u58f2\u308a\u305f\u304f\u306a\u304f\u306a\u308a\u3001\u4eba\u3005\u306f\u307e\u3059\u307e\u3059\u3082\u306e\u3092\u624b\u306b\u5165\u308c\u308b\u3053\u3068\u304c\u51fa\u6765\u306a\u304f\u306a\u308b\u3002\u8003\u3048\u3089\u308c\u308b\u306a\u304b\u3067\u6700\u60aa\u306e\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u91e3\u308a\u4e0a\u3052\u7981\u6b62\u6cd5\u304c\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u306b\u4f55\u3089\u304b\u306e\u6301\u7d9a\u3059\u308b\u65b9\u6cd5\u3067\u610f\u7fa9\u3042\u308b\u52b9\u679c\u3092\u3042\u3052\u308b\u898b\u8fbc\u307f\u306f\u307e\u3063\u305f\u304f\u306a\u3044\u3002<\/p><p>\u305d\u308c\u306f\u3080\u3057\u308d\u3042\u3089\u3086\u308b\u7a2e\u985e\u306e\u3082\u306e\u306e\u4e0d\u8db3\u3092\u5f15\u304d\u8d77\u3053\u3059\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u5e02\u5834\u3067\u3082\u306e\u304c\u4e0d\u8db3\u3057\u305f\u5834\u5408\u3001\u4fa1\u683c\u304c\u4e0a\u304c\u308b\u3053\u3068\u306b\u306f\u610f\u5473\u304c\u3042\u308b\u3002\u4fa1\u683c\u304c\u4e0a\u304c\u308b\u304b\u3089\u751f\u7523\u8005\u306f\u3053\u305e\u3063\u3066\u751f\u7523\u3057\u3088\u3046\u3068\u3057\u3001\u4f9b\u7d66\u304c\u5897\u3048\u3066\u4e0d\u8db3\u304c\u89e3\u6d88\u3055\u308c\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u4fa1\u683c\u7d71\u5236\u306f\u305d\u306e\u6b63\u3057\u3044\u30b5\u30a4\u30af\u30eb\u3092\u6b62\u3081\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>\u653f\u6cbb\u5bb6\u306f\u4f55\u6545\u3044\u3064\u3082\u6700\u60aa\u306e\u9078\u629e\u80a2\u3057\u304b\u9078\u3079\u306a\u3044\u306e\u3060\u308d\u3046\uff1f\u3000\u5c11\u306a\u304f\u3068\u3082\u653f\u6a29\u304c\u5171\u548c\u515a\u306a\u3089\u3070\u3053\u306e\u3088\u3046\u306a\u3053\u3068\u306b\u306f\u306a\u3063\u3066\u3044\u306a\u304b\u3063\u305f\u3060\u308d\u3046\u304c\u3001\u305d\u308c\u306b\u3057\u3066\u3082\u9177\u3059\u304e\u308b\u3002\u305d\u3057\u3066\u65e5\u672c\u3067\u306f\u9996\u76f8\uff08\u540d\u524d\u306f\u5fd8\u308c\u305f\uff09\u304c\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3067\u91d1\u3092\u3070\u3089\u6492\u3053\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u653f\u6cbb\u5bb6\u306f\u57fa\u672c\u7684\u306b\u99ac\u9e7f\u306a\u306e\u3067\u3001\u5f7c\u3089\u306b\u7d4c\u6e08\u3092\u4efb\u305b\u3066\u3044\u308b\u3053\u3068\u81ea\u4f53\u304c\u304a\u304b\u3057\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10473\" data-type=\"post\" data-id=\"10473\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u653f\u5e9c\u304c\u91d1\u878d\u5371\u6a5f\u304b\u3089\u5b88\u3063\u3066\u304f\u308c\u308b\u3068\u601d\u3046\u306a<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3078<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3060\u304b\u3089\u3001\u3069\u3046\u8003\u3048\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u304c\u3053\u306e\u307e\u307e\u53ce\u307e\u308b\u3088\u3046\u306a\u3053\u3068\u306f\u7b46\u8005\u306b\u306f\u8003\u3048\u3089\u308c\u306a\u3044\u3002\u305d\u3057\u3066\u305d\u308c\u306f\u682a\u4fa1\u306e\u5927\u5e95\u304c\u307e\u3060\u307e\u3060\u9060\u3044\u3053\u3068\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24209\" data-type=\"post\" data-id=\"24209\">2022\u5e74\u30a4\u30f3\u30d5\u30ec\u682a\u4fa1\u66b4\u843d\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b<\/a><\/li><\/ul>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u306e\u9577\u671f\u898b\u901a\u3057\u306b\u3064\u3044\u3066\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>\u30a4\u30f3\u30d5\u30ec\u304c1\u56de\u306e\u666f\u6c17\u5f8c\u9000\u3067\u53ce\u307e\u308b\u3053\u3068\u306f\u307b\u3068\u3093\u3069\u306a\u3044\u3002\u901a\u5e38\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u62bc\u3057\u4e0b\u3052\u308b\u8907\u6570\u56de\u306e\u8a66\u307f\u304c\u3042\u3063\u3066\u3088\u3046\u3084\u304f\u30a4\u30f3\u30d5\u30ec\u306f\u672c\u5f53\u306b\u53ce\u307e\u308b\u3002<\/p><p>\u5c11\u306a\u304f\u3068\u30821960\u5e74\u4ee3\u304b\u30891970\u5e74\u4ee3\u306b\u3042\u3063\u305f\u524d\u56de\u306e\u7269\u4fa1\u9ad8\u9a30\u3067\u306f\u4e8b\u5b9f\u305d\u3046\u306a\u3063\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u524d\u56de\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u7269\u4fa1\u9ad8\u9a30\u304c\u3042\u3063\u305f\u5f53\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u63a8\u79fb\u3092\u898b\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"489\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart.png\" alt=\"\" class=\"wp-image-18864\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart.png 489w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/01\/1970s-us-cpi-growth-chart-300x287.png 300w\" sizes=\"auto, (max-width: 489px) 100vw, 489px\" \/><\/a><\/figure>\n\n\n\n<p>3\u3064\u306e\u5c71\u304c\u51fa\u6765\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u3053\u308c\u304b\u3089\u3082\u540c\u3058\u3088\u3046\u306b\u306a\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u8a71\u306f\u3053\u3053\u306e\u8aad\u8005\u306a\u3089\u3070\u805e\u3044\u305f\u3053\u3068\u306e\u3042\u308b\u8a71\u3060\u308d\u3046\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u3053\u308c\u306f\u53bb\u5e74\u306e12\u6708\u306b\u7b46\u8005\u304c\u4e88\u60f3\u3057\u3066\u3044\u305f\u3053\u3068\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17958\" data-type=\"post\" data-id=\"17958\">\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u904e\u304e\u306a\u3044 (2021\/12\/6)<\/a><\/li><\/ul>\n\n\n\n<p>\u4f55\u6545\u30a4\u30f3\u30d5\u30ec\u304c\u3053\u3046\u306a\u308b\u306e\u304b\u306f\u3053\u306e\u8a18\u4e8b\u3067\u8a73\u3057\u304f\u8aac\u660e\u3057\u3066\u3044\u308b\u306e\u3067\u662f\u975e\u8aad\u3093\u3067\u3082\u3089\u3044\u305f\u3044\u304c\u3001\u3053\u306e\u8a18\u4e8b\u306e\u6700\u5f8c\u306b\u306f\u3053\u3046\u66f8\u3044\u3066\u3042\u308b\u3002\u53bb\u5e7412\u6708\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u3053\u308c\u307e\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306e\u3053\u3068\u3060\u3051\u3092\u66f8\u3044\u3066\u304d\u305f\u304c\u3001\u5e02\u5834\u304c\u3088\u3046\u3084\u304f\u7b2c1\u6ce2\u3092\u8b66\u6212\u3057\u59cb\u3081\u305f\u306e\u3067\u3001\u3053\u3053\u3067\u306f\u305d\u308d\u305d\u308d\u7b2c2\u6ce2\u306b\u3064\u3044\u3066\u8003\u3048\u59cb\u3081\u3066\u3082\u826f\u3044\u9803\u3060\u308d\u3046\u3002\u4ed6\u4eba\u3088\u308a\u65e9\u304f\u5148\u3092\u8aad\u3080\u3053\u3068\u304c\u6295\u8cc7\u5bb6\u306e\u4ed5\u4e8b\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u4e16\u754c\u6700\u9ad8\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u3067\u3042\u308b\u30b5\u30de\u30fc\u30ba\u6c0f\u304c5\u30f6\u6708\u9045\u308c\u3067\u7b46\u8005\u306e\u610f\u898b\u306b\u540c\u610f\u3057\u3066\u304f\u308c\u305f\u3053\u3068\u306f\u5149\u6804\u3068\u8a00\u3046\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3001\u305d\u3057\u3066\u6d88\u8cbb\u8005\u306b\u3068\u3063\u3066\u653f\u5e9c\u304c\u4fa1\u683c\u7d71\u5236\u3092\u8003\u3048\u59cb\u3081\u305f\u3053\u3068\u306f\u5371\u967a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u3082\u306e\u304c\u81ea\u7531\u306b\u624b\u306b\u5165\u3089\u306a\u304f\u306a\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002\u305d\u3057\u3066\u30d6\u30e9\u30c3\u30af\u30de\u30fc\u30b1\u30c3\u30c8\u3067\u3082\u306e\u304c\u9ad8\u4fa1\u306b\u53d6\u5f15\u3055\u308c\u308b\u65e5\u304c\u78ba\u5b9f\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3057\u305f\u72b6\u6cc1\u3067\u5f37\u3044\u306e\u306f\u3001\u5f53\u7136\u306a\u304c\u3089\u73fe\u7269\u8cc7\u7523\u3092\u6301\u3063\u3066\u3044\u308b\u4eba\u3067\u3042\u308b\u3002\u8cb4\u91d1\u5c5e\u3084\u30b8\u30e5\u30a8\u30ea\u30fc\u306a\u3069\u306e\u73fe\u7269\u8cc7\u7523\u304c\u8cb7\u3044\u5360\u3081\u3089\u308c\u308b\u6642\u4ee3\u304c\u3053\u308c\u304b\u3089\u306e10\u5e74\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18576\" data-type=\"post\" data-id=\"18576\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u91d1\u878d\u8cc7\u7523\u304b\u3089\u73fe\u7269\u8cc7\u7523\u3078\u306e\u6012\u6d9b\u306e\u8cc7\u91d1\u9003\u907f\u304c\u8d77\u3053\u308b\u53ef\u80fd\u6027<\/a><\/li><\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u77ed\u671f\u7684\u306b\u306f\u307e\u305a\u682a\u4fa1\u306e\u66b4\u843d\u306b\u5bfe\u51e6\u3059\u308b\u3053\u3068\u304b\u3089\u3067\u3042\u308b\u3002\u682a\u4fa1\u304c\u4e0b\u304c\u308c\u3070\u8cb4\u91d1\u5c5e\u306a\u3069\u3082\u4e0b\u304c\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/23433\" data-type=\"post\" data-id=\"23433\">\u30a4\u30f3\u30d5\u30ec\u3067\u682a\u4fa1\u66b4\u843d\u306a\u3089\u91d1\u76f8\u5834\u3068\u6697\u53f7\u901a\u8ca8\u306f\u3069\u3046\u306a\u308b\u306e\u304b<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u3067\u653f\u5e9c\u304c\u7de9\u548c\u3092\u518d\u958b\u3059\u308b\u6642\u3001\u7b2c1\u6ce2\u3088\u308a\u9177\u3044\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u304c\u59cb\u307e\u308b\u3060\u308d\u3046\u3002\u305d\u308c\u304c\u7b46\u8005\u304c\u53bb\u5e74\u304b\u3089\u4e88\u60f3\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306f\u662f\u975e\u8aad\u3093\u3067\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17958\" data-type=\"post\" data-id=\"17958\">\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u904e\u304e\u306a\u3044<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u4e16\u754c\u6709\u6570\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306e\u30a4\u30f3\u30d5\u30ec\u5bfe\u7b56\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u9577\u671f\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u9762\u767d\u3044\u3053\u3068\u3092\u8a9e\u3063\u3066\u3044\u308b\u3002\u30bf\u30a4\u30c8\u30eb\u306f\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u805e\u304d\u899a\u3048\u306e &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24285\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u904e\u304e\u306a\u3044<\/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":[118,108],"tags":[98,167],"class_list":["post-24285","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-larry-summers","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/24285","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=24285"}],"version-history":[{"count":58,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/24285\/revisions"}],"predecessor-version":[{"id":24344,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/24285\/revisions\/24344"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=24285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=24285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=24285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}