{"id":25309,"date":"2022-06-13T20:04:00","date_gmt":"2022-06-13T11:04:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=25309"},"modified":"2022-06-13T12:46:13","modified_gmt":"2022-06-13T03:46:13","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e3%81%8c%e8%89%af%e3%81%84%e3%82%82%e3%81%ae%e3%81%a0%e3%81%a8%e3%81%84%e3%81%86%e5%b9%bb%e6%83%b3","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25309","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a4\u30f3\u30d5\u30ec\u304c\u826f\u3044\u3082\u306e\u3060\u3068\u3044\u3046\u5e7b\u60f3"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u3001\u9577\u3089\u304f\u8b66\u544a\u3057\u7d9a\u3051\u3066\u3044\u3066\u4eca\u5e74\u73fe\u5b9f\u306e\u3082\u306e\u3068\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306b\u3064\u3044\u3066\u81ea\u793e\u306eWebcast\u3067\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u306e\u539f\u56e0<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u5f53\u305f\u308a\u524d\u306e\u7d50\u679c\u306b\u601d\u3048\u308b\u3060\u308d\u3046\u304c\u3001\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25259\" data-type=\"post\" data-id=\"25259\">5\u6708\u306e\u7c73\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e88\u60f3\u4ee5\u4e0a\u306e\u52a0\u901f\u3001\u682a\u4fa1\u6025\u843d<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24778\" data-type=\"post\" data-id=\"24778\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u7d4c\u6e08\u3078\u306e\u30c0\u30e1\u30fc\u30b8\u306a\u3057\u3067\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306f\u3067\u304d\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u3053\u3067\u7d39\u4ecb\u3057\u3066\u3044\u308b\u512a\u308c\u305f\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3089\u306f\u5168\u54e1\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u3084\u91cf\u7684\u7de9\u548c\u3092\u6279\u5224\u3057\u3066\u3044\u305f\u304c\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u4e2d\u3067\u3082\u65e9\u304f\u304b\u3089\u653f\u5e9c\u306e\u5bfe\u5fdc\u3092\u6279\u5224\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u5f7c\u3089\u306f2020\u5e74\u306e\u6642\u70b9\u3067\u65e2\u306b\u8b66\u544a\u3092\u767a\u3057\u3066\u3044\u305f\u304c\u3001\u653f\u6cbb\u5bb6\u3084\u4e2d\u592e\u9280\u884c\u5bb6\u306f2021\u5e74\u306e\u5f8c\u534a\u306b\u306a\u3063\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u306e\u8105\u5a01\u3092\u7121\u8996\u3057\u7d9a\u3051\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14522\" data-type=\"post\" data-id=\"14522\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u305f\u3060\u30a4\u30f3\u30d5\u30ec\u304c\u7d9a\u304b\u306a\u3044\u3088\u3046\u306b\u7948\u3063\u3066\u3044\u308b\u3060\u3051 (2021\/7\/18)<\/a><\/li><\/ul>\n\n\n\n<p>\u5f7c\u3089\u306f\u3042\u3089\u3086\u308b\u8a00\u3044\u8a33\u3092\u4f7f\u3063\u3066\u81ea\u5206\u305f\u3061\u306e\u5f15\u304d\u8d77\u3053\u3057\u305f\u30a4\u30f3\u30d5\u30ec\u304b\u3089\u4eba\u3005\u306e\u8208\u5473\u3092\u305d\u3089\u305d\u3046\u3068\u3057\u305f\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\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\u30a8\u30ec\u30f3\u6c0f\u3084\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u4e00\u6642\u7684\u3060\u3068\u8a00\u3063\u305f\u3002\u6b21\u306b\u5f7c\u3089\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u826f\u3044\u3082\u306e\u3060\u3068\u4eba\u3005\u3092\u8aac\u5f97\u3057\u3088\u3046\u3068\u3057\u305f\u304c\u3001\u8ab0\u3082\u30a4\u30f3\u30d5\u30ec\u3092\u826f\u3044\u3082\u306e\u3060\u3068\u601d\u308f\u306a\u304b\u3063\u305f\u305f\u3081\u3001\u305d\u308c\u306f\u5931\u6557\u3057\u305f\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3060\u304c\u3064\u3044\u53bb\u5e74\u307e\u3067\u306f\u8ab0\u3082\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u826f\u3044\u3082\u306e\u3060\u3068\u601d\u3063\u3066\u3044\u305f\uff01\u3000\u30ea\u30d5\u30ec\u6d3e\u306e\u653f\u7b56\u3092\u591a\u304f\u306e\u4eba\u304c\u652f\u6301\u3057\u3001\u8ab0\u3082\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u3088\u3046\u306b\u9858\u3063\u3066\u3044\u305f\u306e\u304b\u3089\u3001\u4eba\u3005\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u6587\u53e5\u3092\u8a00\u3063\u3066\u3044\u308b\u306e\u306f\u5b8c\u5168\u306b\u304a\u304b\u3057\u306a\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3068\u306f\u7269\u4fa1\u4e0a\u6607\u4ee5\u5916\u306e\u4f55\u3082\u306e\u3067\u3082\u306a\u304f\u3001\u4e8b\u5b9f\u305d\u306e\u901a\u308a\u306e\u3053\u3068\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u3060\u304c\u3001\u6050\u3089\u304f\u4eba\u3005\u306f2022\u5e74\u306b\u5165\u3063\u3066\u59cb\u3081\u3066\u8f9e\u66f8\u306e\u4f7f\u3044\u65b9\u3092\u899a\u3048\u305f\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11992\" data-type=\"post\" data-id=\"11992\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u4e3b\u7fa9\u306f\u975e\u79d1\u5b66\u7684\u8ff7\u4fe1<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u7269\u4fa1\u9ad8\u9a30\u306e\u672c\u5f53\u306e\u539f\u56e0<\/strong><\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306e\u539f\u56e0\u306f\u30ed\u30b7\u30a2\u3067\u3082\u30a6\u30af\u30e9\u30a4\u30ca\u3067\u3082\u306a\u3044\u3002\u4ee5\u4e0b\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u3066\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u60c5\u52e2\u306e\u59cb\u307e\u3063\u305f2022\u5e742\u6708\u672b\u304c\u4f55\u51e6\u3067\u3042\u308b\u304b\u3092\u898b\u3066\u307f\u308b\u3068\u826f\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/2022-may-us-cpi-growth-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"456\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/2022-may-us-cpi-growth-chart.png\" alt=\"\" class=\"wp-image-25263\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/2022-may-us-cpi-growth-chart.png 456w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/2022-may-us-cpi-growth-chart-294x300.png 294w\" sizes=\"auto, (max-width: 456px) 100vw, 456px\" \/><\/a><\/figure>\n\n\n\n<p>\u30de\u30b9\u30b3\u30df\u306f\u3053\u306e\u3088\u3046\u306a2\u79d2\u3067\u30c7\u30de\u3068\u5206\u304b\u308b\u3088\u3046\u306a\u30c7\u30de\u3092\u5e73\u6c17\u3067\u5782\u308c\u6d41\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7269\u4fa1\u9ad8\u9a30\u306e\u539f\u56e0\u306f\u3001\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u73fe\u91d1\u7d66\u4ed8\u3068\u91cf\u7684\u7de9\u548c\u3068\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\/20445\" data-type=\"post\" data-id=\"20445\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a6\u30af\u30e9\u30a4\u30ca\u554f\u984c\u3067 \u300c\u30a4\u30f3\u30d5\u30ec\u306f\u4e00\u6642\u7684\u300d\u304c\u300c\u30a4\u30f3\u30d5\u30ec\u306f\u539f\u6cb9\u306e\u305b\u3044\u300d\u306b\u9032\u5316\u3059\u308b\u53ef\u80fd\u6027<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25100\" data-type=\"post\" data-id=\"25100\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a4\u30f3\u30d5\u30ec\u306f\u653f\u5e9c\u306e\u30b3\u30ed\u30ca\u5bfe\u7b56\u304c\u5f15\u304d\u8d77\u3053\u3057\u305f<\/a><\/li><\/ul>\n\n\n\n<p>\u3060\u304c\u653f\u6cbb\u5bb6\u3084\u4e2d\u592e\u9280\u884c\u5bb6\u306f\u4eca\u306a\u304a\u73fe\u5b9f\u9003\u907f\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u6b21\u306b\u5f7c\u3089\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u5f37\u6b32\u306a\u4f01\u696d\u306e\u305b\u3044\u3060\u3068\u304b\u3001\u30d7\u30fc\u30c1\u30f3\u306e\u305b\u3044\u3060\u3068\u304b\u8a00\u3044\u59cb\u3081\u305f\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u4e3b\u306a\u539f\u56e0\u306f\u3082\u3061\u308d\u3093\u653f\u5e9c\u306e\u904e\u5270\u306a\u8ca1\u653f\u652f\u51fa\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3088\u304f\u8003\u3048\u3066\u307f\u308c\u307012\u624d\u5150\u3067\u3082\u5206\u304b\u308b\u306f\u305a\u306e\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u5584\u3067\u3042\u308b\u3068\u3044\u3046\u5b8c\u5168\u306a\u8aa4\u8b2c\u3092\u6492\u304d\u6563\u3089\u3057\u305f\u30ea\u30d5\u30ec\u6d3e\u306e\u707d\u798d\u304c\u91d1\u878d\u5e02\u5834\u3060\u3051\u3067\u306a\u304f\u3001\u3064\u3044\u306b\u4e16\u754c\u306e\u5bb6\u8a08\u306b\u307e\u3067\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18701\" data-type=\"post\" data-id=\"18701\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 12\u624d\u5150\u3088\u308a\u3082\u611a\u304b\u306a\u4e2d\u592e\u9280\u884c\u306e\u5b58\u5728\u610f\u7fa9\u304c\u5206\u304b\u3089\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3092\u671b\u3093\u3067\u3044\u305f\u4eba\u3005\u3001\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u652f\u6301\u3057\u305f\u4eba\u3005\u306b\u3068\u3063\u3066\u306f\u5929\u56fd\u306e\u3088\u3046\u306a\u6642\u9593\u306b\u306a\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u5f7c\u3089\u306e\u611a\u304b\u3055\u306b\u4ed8\u304d\u5408\u308f\u3055\u308c\u308b\u4ed6\u306e\u4eba\u3005\u306b\u3068\u3063\u3066\u306f\u8ff7\u60d1\u4ee5\u5916\u306e\u4f55\u3082\u306e\u3067\u3082\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u91d1\u878d\u5e02\u5834\u306b\u306f\u30d5\u30a7\u30a2\u306a\u70b9\u3082\u3042\u308b\u3002\u653f\u5e9c\u306e\u611a\u304b\u306a\u653f\u7b56\u3092\u76f2\u76ee\u7684\u306b\u4fe1\u3058\u308b\u4eba\u3005\u306f\u3001\u9ad8\u78ba\u7387\u3067\u5f7c\u3089\u306e\u85a6\u3081\u308b\u7c73\u56fd\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u3060\u308d\u3046\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\/24577\" data-type=\"post\" data-id=\"24577\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: 40\u5e74\u7d9a\u3044\u305f\u7c73\u56fd\u682a\u5f37\u6c17\u76f8\u5834\u304c\u5d29\u58ca\u3059\u308b<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24609\" data-type=\"post\" data-id=\"24609\">\u30dd\u30ba\u30b5\u30fc\u6c0f: 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