{"id":24460,"date":"2022-05-18T20:10:29","date_gmt":"2022-05-18T11:10:29","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=24460"},"modified":"2022-05-18T20:10:31","modified_gmt":"2022-05-18T11:10:31","slug":"2022%e5%b9%b4%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e6%a0%aa%e4%be%a1%e6%9a%b4%e8%90%bd%e3%81%af%e5%80%8b%e4%ba%ba%e6%8a%95%e8%b3%87%e5%ae%b6%e3%81%8c%e5%85%a8%e5%93%a1%e9%80%80%e5%a0%b4%e3%81%99","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24460","title":{"rendered":"2022\u5e74\u30a4\u30f3\u30d5\u30ec\u682a\u4fa1\u66b4\u843d\u306f\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u5168\u54e1\u9000\u5834\u3059\u308b\u307e\u3067\u7d9a\u304f"},"content":{"rendered":"\n<p>2022\u5e74\u306b\u5165\u3063\u3066\u682a\u4fa1\u304c\u6025\u843d\u3057\u3066\u3044\u308b\u3002\u3053\u3053\u306e\u8aad\u8005\u306f\u77e5\u3063\u3066\u306e\u901a\u308a\u3001\u5e74\u59cb\u304b\u3089\u682a\u5b89\u3092\u6563\u3005\u8b66\u544a\u3057\u3066\u3044\u305f\u7b46\u8005\u306f\u3001\u4eca\u6708\u306b\u5165\u308a\u3001\u4eca\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u63a8\u79fb\u304b\u3089\u682a\u5b89\u306e\u5e95\u304c\u3044\u3064\u306b\u306a\u308b\u304b\u306b\u3064\u3044\u3066\u306e\u8a18\u4e8b\u3092\u66f8\u3044\u305f\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\u30a4\u30f3\u30d5\u30ec\u7387\u306a\u3069\u306e\u7d4c\u6e08\u6307\u6a19\u304b\u3089\u682a\u4fa1\u306e\u5e95\u5024\u3092\u4e88\u60f3\u3059\u308b\u307b\u304b\u306b\u3001\u682a\u4fa1\u52d5\u5411\u3092\u4e88\u60f3\u3059\u308b\u65b9\u6cd5\u304c\u3042\u308b\u3002\u305d\u308c\u306f\u76f8\u5834\u306e\u30e0\u30fc\u30c9\u3067\u3042\u308a\u3001\u76f8\u5834\u306e\u7d20\u4eba\u304c\u682a\u306b\u5922\u4e2d\u306b\u306a\u3063\u3066\u3044\u308b\u9593\u306f\u30d0\u30d6\u30eb\u306f\u5168\u7136\u307e\u3060\u5d29\u58ca\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u682a\u4fa1\u4e0b\u843d\u3068\u305d\u306e\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u307e\u305a\u306f\u7c73\u56fd\u682a\u306e\u72b6\u6cc1\u3092\u304a\u3055\u3089\u3044\u3057\u3088\u3046\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u4fa1\u6307\u6570S&amp;P 500\u306f\u6b21\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\/2022-5-18-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-18-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-24469\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-18-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-18-s-and-p-500-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u539f\u56e0\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u8d77\u56e0\u3059\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u822c\u4eba\u304c\u601d\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u5f8c\u306b\u6025\u306b\u51fa\u3066\u304d\u305f\u3082\u306e\u3067\u306f\u306a\u3044\u3002\u5927\u4f53\u3001\u4eca\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f8%\u3092\u8d85\u3048\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u30012%\u30843%\u3092\u8d85\u3048\u305f\u77ac\u9593\u304c\u3082\u3063\u3068\u524d\u306b\u3042\u3063\u305f\u308f\u3051\u3067\u3042\u308a\u3001\u5358\u306b\u653f\u6cbb\u5bb6\u3084\u4e2d\u592e\u9280\u884c\u304c\u611a\u304b\u306b\u3082\u305d\u308c\u3092\u7121\u8996\u3057\u3066\u3044\u305f\u306b\u904e\u304e\u306a\u3044\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>\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u539f\u56e0\u306f\u30a2\u30e1\u30ea\u30ab\u30673\u5ea6\u884c\u308f\u308c\u305f\u73fe\u91d1\u7d66\u4ed8\u3068\u3001\u5316\u77f3\u71c3\u6599\u306e\u4f9b\u7d66\u3092\u7121\u7406\u77e2\u7406\u6e1b\u3089\u3059\u8131\u70ad\u7d20\u653f\u7b56\u3067\u3042\u308b\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>\u3060\u304b\u3089\u7b46\u8005\u3084\u8457\u540d\u6295\u8cc7\u5bb6\u306f\u73fe\u91d1\u7d66\u4ed8\u304c\u884c\u308f\u308c\u305f\u76f4\u5f8c\u304b\u3089\u3001\u7d4c\u6e08\u3078\u306e\u60aa\u5f71\u97ff\u306b\u8b66\u9418\u3092\u9cf4\u3089\u3057\u7d9a\u3051\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u653f\u6cbb\u5bb6\u3084\u4e2d\u592e\u9280\u884c\u3084\u6709\u6a29\u8005\u306f\u305d\u308c\u3092\u7121\u8996\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u30a2\u30e1\u30ea\u30ab\u3067\u5f53\u7136\u306e\u3088\u3046\u306b8%\u307e\u3067\u4e0a\u304c\u308a\u3001\u305d\u3057\u3066\u305d\u308c\u3092\u6b62\u3081\u308b\u305f\u3081\u3001\u682a\u5f0f\u5e02\u5834\u3092\u78ba\u5b9f\u306b\u6bba\u3057\u3066\u3057\u307e\u3046\u898f\u6a21\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u6b62\u3081\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24032\" data-type=\"post\" data-id=\"24032\">5\u6708FOMC\u7d50\u679c\u30012018\u5e74\u4e16\u754c\u540c\u6642\u682a\u5b89\u6642\u306e2\u500d\u306e\u898f\u6a21\u306e\u91cf\u7684\u5f15\u304d\u7de0\u3081\u958b\u59cb<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u682a\u5b89\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u540c\u3058\u3053\u3068\u304c2018\u5e74\u306b\u8d77\u304d\u3066\u3044\u308b\u3002\u5f53\u6642\u3082\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u682a\u4fa1\u304c\u66b4\u843d\u3057\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"408\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-17560\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/11\/late-2018-s-and-p-500-chart-300x198.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u305d\u3057\u3066\u73fe\u5728\u306f\u3001\u5f53\u6642\u306e\u500d\u306e\u898f\u6a21\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u3084\u308b\u3068\u3044\u3046\u306e\u3060\u304b\u3089\u3001\u682a\u4fa1\u4e0b\u843d\u306f\u5f53\u7136\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/19017\" data-type=\"post\" data-id=\"19017\">2018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u306f\u4f55\u304b\u3089\u9806\u756a\u306b\u66b4\u843d\u3057\u305f\u304b\u3092\u632f\u308a\u8fd4\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304c\u554f\u984c\u306f\u3053\u306e\u4e0b\u843d\u76f8\u5834\u304c\u4f55\u51e6\u307e\u3067\u843d\u3061\u308b\u304b\u3001\u305d\u3057\u3066\u3044\u3064\u307e\u3067\u7d9a\u304f\u304b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u524d\u8ff0\u306e\u8a18\u4e8b\u3067\u306f1970\u5e74\u4ee3\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306b\u3088\u308b\u682a\u4fa1\u66b4\u843d\u3067\u7c73\u56fd\u682a\u304c50%\u4e0b\u843d\u3057\u305f\u3053\u3068\u304b\u3089\u3001\u305d\u306e\u8fba\u308a\u304c\u4eca\u56de\u306e\u5e95\u5024\u306e\u57fa\u6e96\u3068\u306a\u308b\u3053\u3068\u3092\u66f8\u3044\u3066\u304a\u3044\u305f\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\u304b\u3089\u73fe\u5728\u306e20%\u3082\u843d\u3061\u3066\u3044\u306a\u3044\u72b6\u614b\u306f\u4e0b\u843d\u76f8\u5834\u306e\u7d42\u308f\u308a\u3068\u306f\u7a0b\u9060\u3044\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u4e0b\u843d\u76f8\u5834\u304c\u307e\u3060\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u3067\u3042\u308b\u3053\u3068\u3092\u8a08\u6e2c\u3059\u308b\u3082\u30461\u3064\u306e\u65b9\u6cd5\u304c\u3042\u308b\u3002\u5e02\u5834\u306e\u30e0\u30fc\u30c9\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u81ea\u8eab\u306e\u30d6\u30ed\u30b0\u3067\u3001\u682a\u5f0f\u5e02\u5834\u304c\u30d0\u30d6\u30eb\u304b\u3069\u3046\u304b\u3092\u6e2c\u308b\u57fa\u6e96\u3068\u3057\u3066\u3044\u304f\u3064\u304b\u306e\u6307\u6a19\u3092\u6319\u3052\u3066\u3044\u305f\u304c\u3001\u305d\u306e\u4e2d\u306b\u4ee5\u4e0b\u306e\u3082\u306e\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u76f8\u5834\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u3001\u30db\u30c3\u30c8\u306a\u5e02\u5834\u3060\u3068\u8a8d\u8b58\u3055\u308c\u305f\u305f\u3081\u3001\u591a\u304f\u306e\u65b0\u898f\u306e\u7d20\u4eba\u53c2\u52a0\u8005\u304c\u6d41\u5165\u3057\u3066\u3044\u308b\u3053\u3068<\/p><\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u91d1\u878d\u5e81\u3084\u8a3c\u5238\u4f1a\u793e\u3001\u9280\u884c\u306a\u3069\u306b\u305d\u305d\u306e\u304b\u3055\u308c\u30011970\u5e74\u4ee3\u4ee5\u676540\u5e74\u9593\u4e00\u5ea6\u3082\u8d77\u304d\u3066\u3044\u306a\u304b\u3063\u305f\u7c73\u56fd\u682a\u306e\u30a4\u30f3\u30d5\u30ec\u66b4\u843d\u76f8\u5834\u306b\u7d76\u597d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u5165\u3063\u3066\u304d\u3066\u3057\u307e\u3063\u305f\u591a\u304f\u306e\u4eba\u304c\u3044\u308b\u4eca\u306e\u72b6\u614b\u3092\u3001\u7b46\u8005\u306f\u307e\u3055\u306b\u3053\u306e\u6307\u6a19\u306b\u5f53\u3066\u306f\u307e\u308b\u3068\u898b\u306a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9774\u78e8\u304d\u306e\u5c11\u5e74<\/strong><\/p>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u3067\u6709\u540d\u306a\u9038\u8a71\u306b\u9774\u78e8\u304d\u306e\u5c11\u5e74\u3068\u3044\u3046\u3082\u306e\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b1\u30cd\u30c7\u30a3\u5927\u7d71\u9818\u306e\u7236\u89aa\u30b8\u30e7\u30bc\u30d5\u30fb\u30b1\u30cd\u30c7\u30a3\u6c0f\u306f\u6709\u540d\u306a\u6295\u8cc7\u5bb6\u3060\u3063\u305f\u304c\u3001\u682a\u5f0f\u5e02\u5834\u304c\u9023\u65e5\u4e0a\u6607\u3059\u308b\u4e2d\u3001\u3042\u308b\u65e5\u9774\u78e8\u304d\u306e\u5c11\u5e74\u306b\u9774\u3092\u78e8\u3044\u3066\u3082\u3089\u3063\u3066\u3044\u308b\u3068\u3001\u305d\u306e\u5c11\u5e74\u306f\u30b1\u30cd\u30c7\u30a3\u6c0f\u304c\u8457\u540d\u306a\u6295\u8cc7\u5bb6\u3060\u3068\u77e5\u3089\u305a\u306b\u300c\u3053\u306e\u682a\u3092\u8cb7\u3046\u3068\u5132\u304b\u308a\u307e\u3059\u3088\u300d\u3068\u8a71\u3057\u59cb\u3081\u305f\u3002<\/p>\n\n\n\n<p>\u30b1\u30cd\u30c7\u30a3\u6c0f\u306f\u5c11\u5e74\u306e\u30a2\u30c9\u30d0\u30a4\u30b9\u3092\u6709\u96e3\u304f\u53d7\u3051\u53d6\u308a\u3001\u5bb6\u306b\u5e30\u308b\u3068\u4fdd\u6709\u3057\u3066\u3044\u305f\u682a\u5f0f\u3092\u3059\u3079\u3066\u58f2\u308a\u6255\u3063\u305f\u3002\u305d\u3057\u3066\u305d\u306e\u5f8c\u3059\u30501929\u5e74\u306e\u4e16\u754c\u6050\u614c\u306b\u3088\u308b\u682a\u4fa1\u66b4\u843d\u304c\u8d77\u304d\u305f\u3002<\/p>\n\n\n\n<p>\u5f7c\u306f\u4f55\u6545\u682a\u5f0f\u3092\u58f2\u5374\u3057\u305f\u306e\u304b\uff1f\u3000\u682a\u5f0f\u3068\u4f55\u306e\u95a2\u4fc2\u3082\u306a\u3044\u4eba\u751f\u3092\u9001\u3063\u3066\u3044\u305f\u306f\u305a\u306e\u9774\u78e8\u304d\u306e\u5c11\u5e74\u307e\u3067\u682a\u5f0f\u306b\u71b1\u4e2d\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3092\u30d0\u30d6\u30eb\u3068\u898b\u306a\u3057\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91cd\u8981\u306a\u306e\u306f\u3001\u682a\u4fa1\u9ad8\u9a30\u3068\u306f\u65b0\u898f\u6d41\u5165\u8005\u304c\u306a\u3051\u308c\u3070\u7d9a\u304b\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u9774\u78e8\u304d\u306e\u5c11\u5e74\u306f\u660e\u3089\u304b\u306b\u4e00\u756a\u6700\u5f8c\u306b\u8fd1\u3044\u53c2\u5165\u8005\u3060\u3063\u305f\u306e\u3060\u308d\u3046\u3002\u30d0\u30b9\u306b\u3059\u3079\u3066\u306e\u4eba\u304c\u4e57\u308a\u8fbc\u307f\u7d42\u308f\u3063\u305f\u3089\u3001\u305d\u308c\u4ee5\u4e0a\u4e57\u308a\u8fbc\u3093\u3067\u304f\u308b\u4eba\u306f\u3044\u306a\u3044\u3002\u5f8c\u306f\u843d\u3061\u3066\u3086\u304f\u3060\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30d0\u30d6\u30eb\u3068\u306f\u4f55\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u3067\u8003\u3048\u3066\u3082\u3089\u3044\u305f\u3044\u306e\u306f\u3001\u30d0\u30d6\u30eb\u3068\u306f\u305d\u3082\u305d\u3082\u4f55\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30d0\u30d6\u30eb\u3068\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u4f3c\u3066\u3044\u308b\u3002\u672c\u8cea\u7684\u306b\u306f\u540c\u3058\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7d19\u5e63\u5370\u5237\u306e\u7d50\u679c\u3001\u591a\u304f\u306e\u4eba\u304c\u751f\u7523\u305b\u305a\u306b\u6d88\u8cbb\u3060\u3051\u3057\u3088\u3046\u3068\u3057\u305f\u72b6\u6cc1\u3092\u3001\u4e0a\u8a18\u306e\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u6279\u5224\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10831\" data-type=\"post\" data-id=\"10831\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u5171\u7523\u4e3b\u7fa9\u306e\u60aa\u5922\u304c\u8cc7\u672c\u4e3b\u7fa9\u306b\u306e\u3057\u304b\u304b\u308b<\/a><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u308f\u308c\u308f\u308c\u304c\u6d88\u8cbb\u3092\u3067\u304d\u308b\u304b\u3069\u3046\u304b\u306f\u308f\u308c\u308f\u308c\u304c\u751f\u7523\u3067\u304d\u308b\u304b\u3069\u3046\u304b\u306b\u639b\u304b\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308a\u3001\u653f\u5e9c\u304b\u3089\u9001\u3089\u308c\u3066\u304f\u308b\u7d19\u5e63\u306e\u91cf\u306b\u639b\u304b\u3063\u3066\u3044\u308b\u3067\u306f\u306a\u3044\u3002<\/p><p>\u7d19\u5e63\u306f\u98df\u3079\u3089\u308c\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3060\u304c\u7d19\u5e63\u5370\u5237\u304c\u4eba\u3005\u306e\u9078\u629e\u3060\u3063\u305f\u3002\u305d\u3057\u3066\u73fe\u91d1\u7d66\u4ed8\u3067\u7121\u7406\u77e2\u7406\u4f5c\u308a\u51fa\u3055\u308c\u305f\u5de8\u5927\u306a\u9700\u8981\u306b\u5bfe\u3057\u3066\u3082\u306e\u304c\u4e0d\u8db3\u3057\u3066\u3057\u305f\u305f\u3081\u3001\u3082\u306e\u306e\u5024\u6bb5\u306f\u5f53\u7136\u9ad8\u9a30\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u65e5\u672c\u306e\u9996\u76f8\u306f\u611a\u304b\u306b\u3082\u30a4\u30f3\u30d5\u30ec\u3092\u89e3\u6c7a\u3059\u308b\u305f\u3081\u306b\u91d1\u3092\u3070\u3089\u6492\u3053\u3046\u3068\u3057\u3066\u3044\u308b\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u89e3\u6c7a\u3059\u308b\u305f\u3081\u306e\u552f\u4e00\u306e\u624b\u6bb5\u306f\u3001\u9700\u8981\u3092\u6291\u3048\u3066\u751f\u7523\u91cf\u3092\u5897\u3084\u3059\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30d0\u30d6\u30eb\u306e\u552f\u4e00\u306e\u89e3\u6c7a\u7b56<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u5f53\u305f\u308a\u524d\u306e\u8a71\u3092\u682a\u5f0f\u5e02\u5834\u306b\u9069\u7528\u3057\u305f\u3044\u3002\u30d0\u30d6\u30eb\u3068\u306f\u3001\u8cb7\u3044\u624b\u304c\u6bba\u5230\u3057\u682a\u5f0f\u304c\u672c\u6765\u306e\u4fa1\u5024\u3088\u308a\u3082\u9ad8\u304f\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u72b6\u614b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u878d\u7de9\u548c\u306f40\u5e74\u3082\u7d9a\u3044\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306f1980\u5e74\u304b\u308930\u5e74\u9593\u91d1\u5229\u3092\u4e0b\u3052\u7d9a\u3051\u3001\u91d1\u5229\u304c\u30bc\u30ed\u306b\u306a\u308b\u3068\u305d\u306e\u5f8c10\u5e74\u4ee5\u4e0a\u7d19\u5e63\u5370\u5237\u3092\u7d9a\u3051\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u3092\u9577\u671f\u3067\u898b\u3066\u307f\u308b\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\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\/2022-5-18-federal-funds-rate-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"551\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-18-federal-funds-rate-long-term-chart.png\" alt=\"\" class=\"wp-image-24490\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-18-federal-funds-rate-long-term-chart.png 551w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/05\/2022-5-18-federal-funds-rate-long-term-chart-300x255.png 300w\" sizes=\"auto, (max-width: 551px) 100vw, 551px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u306e1980\u5e74\u304b\u308940\u5e74\u7d9a\u304f\u4f4e\u91d1\u5229\u653f\u7b56\u306e\u7d50\u679c\u3001\u682a\u5f0f\u5e02\u5834\u306b\u306f\u4f59\u3063\u305f\u8cc7\u91d1\u304c\u6d41\u5165\u3057\u7d9a\u3051\u305f\u3002\u7c73\u56fd\u682a\u306e\u9577\u671f\u7684\u306a\u4e0a\u3052\u76f8\u5834\u306f\u3053\u306e\u4e8b\u5b9f\u306b\u4f9d\u5b58\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u83ab\u5927\u306a\u91cf\u306e\u8cc7\u91d1\u6d41\u5165\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u4f4e\u91d1\u5229\u306e\u305f\u3081\u306b\u6d41\u5165\u3057\u305f\u8cc7\u91d1\u306f\u3001\u672c\u6765\u306a\u3089\u3070\u6d41\u5165\u3057\u306a\u304b\u3063\u305f\u306f\u305a\u306e\u8cc7\u91d1\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u305d\u306e\u90e8\u5206\u304c\u30d0\u30d6\u30eb\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c2022\u5e74\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u7269\u4fa1\u304c\u9ad8\u9a30\u3057\u305f\u305f\u3081\u306b\u3053\u308c\u307e\u3067\u682a\u4fa1\u3092\u652f\u3048\u3066\u304d\u305f\u4f4e\u91d1\u5229\u653f\u7b56\u304c\u7d9a\u3051\u3089\u308c\u306a\u304f\u306a\u3063\u305f\u3002\u7de9\u548c\u3092\u7d9a\u3051\u308b\u3068\u66f4\u306b\u30a4\u30f3\u30d5\u30ec\u304c\u9177\u304f\u306a\u308a\u3001\u65e5\u7528\u54c1\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u8ab0\u3082\u3082\u306e\u3092\u8cb7\u3048\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/21458\" data-type=\"post\" data-id=\"21458\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: 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class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/21985\" data-type=\"post\" data-id=\"21985\">2022\u5e74\u306e\u682a\u5f0f\u5e02\u5834: 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2022\u5e74\u30a4\u30f3\u30d5\u30ec\u682a\u4fa1\u66b4\u843d\u306f\u3044\u3064 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24460\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">2022\u5e74\u30a4\u30f3\u30d5\u30ec\u682a\u4fa1\u66b4\u843d\u306f\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u5168\u54e1\u9000\u5834\u3059\u308b\u307e\u3067\u7d9a\u304f<\/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":[],"class_list":["post-24460","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/24460","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=24460"}],"version-history":[{"count":52,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/24460\/revisions"}],"predecessor-version":[{"id":24514,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/24460\/revisions\/24514"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=24460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=24460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=24460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}