{"id":27272,"date":"2022-08-19T20:29:01","date_gmt":"2022-08-19T11:29:01","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=27272"},"modified":"2022-08-19T20:29:17","modified_gmt":"2022-08-19T11:29:17","slug":"%e3%83%9e%e3%83%8d%e3%83%bc%e3%82%b5%e3%83%97%e3%83%a9%e3%82%a4%e7%b8%ae%e5%b0%8f%e3%81%a7%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e7%ac%ac1%e6%b3%a2%e3%81%af%e7%b5%82%e4%ba%86%e3%81%b8","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27272","title":{"rendered":"\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u7e2e\u5c0f\u3067\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306f\u7d42\u4e86\u3078"},"content":{"rendered":"\n<p>\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u3068\u3063\u3066\u306f2\u5e74\u524d\u304b\u3089\u8b70\u8ad6\u3055\u308c\u3066\u3044\u308b\u53e4\u3044\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11801\" data-type=\"post\" data-id=\"11801\">\u91d1\u878d\u5e02\u5834\u306b\u30a4\u30f3\u30d5\u30ec\u306e\u5146\u3057: \u91d1\u3001\u539f\u6cb9\u3001\u7a40\u7269\u4fa1\u683c\u304c\u9ad8\u9a30 (2020\/10\/14)<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u4e16\u9593\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u8a71\u3057\u59cb\u3081\u305f2022\u5e74\u3001\u3053\u3053\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u7d42\u4e86\u306b\u3064\u3044\u3066\u69d8\u3005\u306a\u89b3\u70b9\u3067\u8a71\u3057\u59cb\u3081\u3066\u3044\u308b\u304c\u3001\u4eca\u56de\u306f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u878d\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u3088\u3046\u306b\u3001\u4e16\u9593\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u9a12\u304e\u59cb\u3081\u308b\u4e2d\u3001\u30c7\u30d5\u30ec\u306e\u5146\u5019\u306f\u65e2\u306b\u91d1\u878d\u5e02\u5834\u306b\u3082\u51fa\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26005\" data-type=\"post\" data-id=\"26005\">\u6025\u901f\u306b\u30c7\u30d5\u30ec\u3092\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u308b\u91d1\u878d\u5e02\u5834 (2022\/7\/2)<\/a><\/li><\/ul>\n\n\n\n<p>\u91d1\u5c5e\u3084\u30a8\u30cd\u30eb\u30ae\u30fc\u8cc7\u6e90\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u4fa1\u683c\u304c2020\u5e74\u304b\u3089\u4e0a\u6607\u3057\u59cb\u3081\u305f\u3053\u3068\u304c2022\u5e74\u306e\u7269\u4fa1\u9ad8\u9a30\u306b\u7e4b\u304c\u3063\u305f\u3088\u3046\u306b\u3001\u9006\u306b\u30a4\u30f3\u30d5\u30ec\u304c\u53ce\u307e\u308b\u6642\u3082\u307e\u305a\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u9298\u67c4\u304c\u4e0b\u304c\u308a\u59cb\u3081\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u4f8b\u3048\u3070\u539f\u6cb9\u4fa1\u683c\u306f\u4e0b\u304c\u308a\u59cb\u3081\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\/08\/2022-8-19-wti-crude-oil.chart_.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-19-wti-crude-oil.chart_.png\" alt=\"\" class=\"wp-image-27275\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-19-wti-crude-oil.chart_.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-8-19-wti-crude-oil.chart_-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u3060\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u306b\u306f\u4ed6\u306b\u8003\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u6570\u5b57\u304c\u3042\u308b\u3060\u308d\u3046\u3002\u305d\u308c\u306f\u52ff\u8ad6\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4<\/strong><\/p>\n\n\n\n<p>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u3068\u306f\u3001\u7c21\u5358\u306b\u8a00\u3048\u3070\u500b\u4eba\u3084\u4f01\u696d\u306a\u3069\u304c\u4fdd\u6709\u3057\u3066\u3044\u308b\u9810\u91d1\u3084\u305d\u308c\u306b\u76f8\u5f53\u3059\u308b\u3082\u306e\u306e\u7dcf\u984d\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u6c11\u9593\u304c\u3069\u308c\u3060\u3051\u306e\u73fe\u91d1\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e16\u306e\u4e2d\u306b\u73fe\u91d1\u304c\u6ea2\u308c\u308c\u3070\u6ea2\u308c\u308b\u307b\u3069\u3001\u4eba\u3005\u304c\u3082\u306e\u3092\u8cfc\u5165\u3059\u308b\u6642\u306e\u8cfc\u8cb7\u529b\u306f\u9ad8\u304f\u306a\u308a\u3001\u3082\u306e\u304c\u5927\u91cf\u306b\u8cb7\u308f\u308c\u308c\u3070\u3082\u306e\u306e\u5024\u6bb5\u304c\u4e0a\u304c\u308b\u3002<\/p>\n\n\n\n<p>\u9006\u306b\u4e16\u306e\u4e2d\u306e\u4eba\u304c\u304a\u91d1\u3092\u6301\u3063\u3066\u3044\u306a\u3051\u308c\u3070\u3001\u8ab0\u3082\u4f55\u3082\u8cb7\u3046\u3053\u3068\u304c\u3067\u304d\u305a\u3001\u4f01\u696d\u306f\u5024\u4e0b\u3052\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002\u30c7\u30d5\u30ec\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3053\u306e\u304a\u91d1\u306e\u7dcf\u91cf\u3001\u3064\u307e\u308a\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u4e00\u5b9a\u3067\u306f\u306a\u304f\u3001\u5897\u6e1b\u3059\u308b\u3002\u3067\u306f\u4eca\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3068\u8a00\u3046\u3068\u3001\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\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\/08\/2022-jun-us-m2-money-stock-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"493\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-m2-money-stock-chart.png\" alt=\"\" class=\"wp-image-27281\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-m2-money-stock-chart.png 493w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-m2-money-stock-chart-300x284.png 300w\" sizes=\"auto, (max-width: 493px) 100vw, 493px\" \/><\/a><\/figure>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u30b3\u30ed\u30ca\u5f8c\u306b\u5927\u304d\u304f\u5897\u3048\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u305d\u306e\u5f8c\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u5929\u4e95\u3092\u4ed8\u3051\u305f\u5f8c\u3001\u4eca\u5e74\u306b\u5165\u3063\u3066\u304b\u3089\u4e0b\u843d\u3092\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u5897\u6e1b\u8981\u56e0<\/strong><\/p>\n\n\n\n<p>\u3053\u308c\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u304b\u3002\u305d\u3082\u305d\u3082\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u3069\u306e\u3088\u3046\u306b\u5897\u3048\u305f\u308a\u6e1b\u3063\u305f\u308a\u3059\u308b\u306e\u304b\uff1f<\/p>\n\n\n\n<p>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u5909\u5316\u3059\u308b\u7b2c\u4e00\u306e\u8981\u56e0\u306f\u878d\u8cc7\u3067\u3042\u308b\u3002\u9280\u884c\u306b\u307e\u305a\u3042\u306a\u305f\u304c1\u4e07\u5186\u9810\u3051\u305f\u3068\u8003\u3048\u3066\u3082\u3089\u3044\u305f\u3044\u3002\u3042\u306a\u305f\u306e\u9280\u884c\u53e3\u5ea7\u306b\u306f1\u4e07\u5186\u304c\u5165\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3053\u306e1\u4e07\u5186\u306f\u3001\u5b9f\u969b\u306b\u306f\u672c\u5f53\u306b\u305d\u306e\u307e\u307e\u9280\u884c\u306b\u5c45\u5ea7\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u305d\u308c\u3067\u306f\u9280\u884c\u306f\u305f\u3060\u306e\u91d1\u5eab\u756a\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u306b\u306f\u9280\u884c\u306f\u3001\u9810\u304b\u3063\u305f\u304a\u91d1\u3092\u5225\u306e\u4eba\u306b\u8cb8\u3057\u51fa\u3057\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u3053\u3053\u30671\u4e07\u5186\u3092\u501f\u308a\u306b\u6765\u305f\u4eba\u304c\u3044\u308b\u3068\u4eee\u5b9a\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u4eba\u306f\u6765\u305f\u6642\u306b\u306f\u4f55\u3082\u304a\u91d1\u3092\u6301\u3063\u3066\u3044\u306a\u304b\u3063\u305f\u304c\u30011\u4e07\u5186\u3092\u501f\u308a\u3089\u308c\u305f\u3068\u3057\u3088\u3046\u3002\u305d\u3057\u3066\u305d\u306e1\u4e07\u5186\u3092\u305d\u306e\u4eba\u304c\u81ea\u5206\u306e\u9280\u884c\u53e3\u5ea7\u306b\u5165\u308c\u305f\u3068\u3059\u308b\u3068\u3001\u305d\u306e\u4eba\u306e\u9280\u884c\u53e3\u5ea7\u306b\u30821\u4e07\u5186\u304c\u5b58\u5728\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u3067\u8003\u3048\u3066\u307b\u3057\u3044\u306e\u306f\u3001\u3042\u306a\u305f\u306e\u9280\u884c\u53e3\u5ea7\u306b\u30821\u4e07\u5186\u304c\u8a18\u9332\u3055\u308c\u305f\u307e\u307e\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u304a\u91d1\u3092\u501f\u308a\u305f\u4eba\u306e\u53e3\u5ea7\u306b\u3082\u540c\u30581\u4e07\u5186\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u878d\u8cc7\u306b\u3088\u3063\u30661\u4e07\u5186\u304c\u53e3\u5ea7\u306e\u6570\u5b57\u4e0a2\u4e07\u5186\u306b\u5897\u3048\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u8cb8\u3057\u624b\u3068\u501f\u308a\u624b\u4e21\u65b9\u306e\u53e3\u5ea7\u304c\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306b\u30ab\u30a6\u30f3\u30c8\u3055\u308c\u308b\u306e\u3067\u30011\u4e07\u5186\u878d\u8cc7\u304c\u3042\u308c\u3070\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f1\u4e07\u5186\u5897\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u3001\u4eca\u5e74\u306b\u5165\u3063\u3066\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u6e1b\u3063\u3066\u3044\u308b\u306e\u306f\u4eba\u3005\u304c\u878d\u8cc7\u3092\u89e3\u6d88\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306a\u306e\u304b\uff1f\u3000\u3057\u304b\u3057\u500b\u4eba\u3084\u4f01\u696d\u306e\u8ca0\u50b5\u306e\u7d71\u8a08\u3092\u898b\u3066\u3082\u5f7c\u3089\u306f\u3080\u3057\u308d\u878d\u8cc7\u3092\u5897\u3084\u3057\u3066\u3044\u308b\u3002\u305d\u308c\u306f\u30bd\u30ed\u30b9\u30d5\u30a1\u30f3\u30c9\u306eCEO\u30c9\u30fc\u30f3\u30fb\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u6c0f\u304c\u5f37\u3044\u6d88\u8cbb\u3092\u4e88\u60f3\u3057\u305f\u7406\u7531\u3067\u3082\u3042\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25042\" data-type=\"post\" data-id=\"25042\">\u30bd\u30ed\u30b9\u30d5\u30a1\u30f3\u30c9: \u666f\u6c17\u5f8c\u9000\u306f\u307e\u3060\u6765\u306a\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u3067\u306f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u4f55\u6545\u6e1b\u3063\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306b\u306f\u3082\u30461\u3064\u5897\u6e1b\u306e\u7406\u7531\u304c\u3042\u308b\u3002\u653f\u5e9c\u306b\u3088\u308b\u8ca1\u653f\u652f\u51fa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u3068\u8ca1\u653f\u652f\u51fa<\/strong><\/p>\n\n\n\n<p>\u4f55\u6545\u653f\u5e9c\u306e\u652f\u51fa\u3068\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u95a2\u4fc2\u304c\u3042\u308b\u306e\u304b\uff1f\u3000\u305d\u308c\u306f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u5b9a\u7fa9\u306b\u3001\u653f\u5e9c\u306e\u6301\u3064\u73fe\u91d1\u306f\u542b\u307e\u308c\u3066\u3044\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u8ca1\u653f\u652f\u51fa\u3068\u306f\u3001\u30b3\u30ed\u30ca\u5f8c\u306b\u884c\u308f\u308c\u305f\u3088\u3046\u306b\u653f\u5e9c\u304c\u56fd\u6c11\u306b\u73fe\u91d1\u3092\u914d\u3063\u305f\u308a\u3001\u516c\u5171\u4e8b\u696d\u3092\u884c\u306a\u3063\u3066\u6c11\u9593\u306e\u4f01\u696d\u306b\u305d\u306e\u5831\u916c\u3092\u652f\u6255\u3063\u305f\u308a\u3059\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u3053\u306e\u6642\u306b\u653f\u5e9c\u306e\u9810\u91d1\uff08\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306b\u30ab\u30a6\u30f3\u30c8\u3055\u308c\u306a\u3044\uff09\u304b\u3089\u51fa\u305f\u304a\u91d1\u306f\u500b\u4eba\u3084\u4f01\u696d\u306e\u9280\u884c\u53e3\u5ea7\u306b\u632f\u308a\u8fbc\u307e\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u8ca1\u653f\u652f\u51fa\u306f\u57fa\u672c\u7684\u306b\u305d\u306e\u307e\u307e\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u3092\u5897\u3084\u3059\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u305d\u306e\u8ca1\u653f\u652f\u51fa\u306f\u4eca\u5e74\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u3082\u66f8\u3044\u305f\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306f\u30b3\u30ed\u30ca\u5f8c\u306b\u73fe\u91d1\u7d66\u4ed8\u306a\u3069\u306e\u653f\u7b56\u3092\u884c\u3046\u305f\u3081\u30012020\u5e74\u30682021\u5e74\u306e\u8ca1\u653f\u8d64\u5b57\u3092\u6025\u5897\u3055\u305b\u305f\u3002\u3057\u304b\u3057\u672a\u66fe\u6709\u306e\u6c34\u6e96\u306e\u8d64\u5b57\u3092\u6c38\u9060\u306b\u7d9a\u3051\u308b\u3053\u3068\u306f\u3067\u304d\u305a\u30012022\u5e74\u306e\u8ca1\u653f\u8d64\u5b57\u306f\u304b\u306a\u308a\u6e1b\u3063\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\/08\/2022-2q-us-federal-surplus-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"475\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-2q-us-federal-surplus-chart.png\" alt=\"\" class=\"wp-image-27217\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-2q-us-federal-surplus-chart.png 475w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-2q-us-federal-surplus-chart-300x294.png 300w\" sizes=\"auto, (max-width: 475px) 100vw, 475px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u305f\u5f8c\u306b\u3082\u3046\u4e00\u5ea6\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\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\/08\/2022-jun-us-m2-money-stock-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"493\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-m2-money-stock-chart.png\" alt=\"\" class=\"wp-image-27281\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-m2-money-stock-chart.png 493w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/2022-jun-us-m2-money-stock-chart-300x284.png 300w\" sizes=\"auto, (max-width: 493px) 100vw, 493px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u308c\u3067\u30b3\u30ed\u30ca\u5f8c\u306e\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u6025\u5897\u3068\u3001\u305d\u306e\u5f8c\u306e\u6e1b\u5c11\u306e\u7406\u7531\u304c\u8aac\u660e\u3067\u304d\u305f\u3068\u601d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u6e1b\u5c11\u3068\u30a4\u30f3\u30d5\u30ec\u6c88\u9759\u5316<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u6e1b\u5c11\u3059\u308c\u3070\u3001\u3064\u307e\u308a\u4e16\u306e\u4e2d\u306e\u73fe\u91d1\u306e\u91cf\u304c\u6e1b\u5c11\u3059\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u3069\u3046\u306a\u308b\u306e\u304b\uff1f\u3000\u8272\u3005\u8ad6\u3058\u308b\u3088\u308a\u3082\u524d\u56de\u30a2\u30e1\u30ea\u30ab\u3067\u7269\u4fa1\u9ad8\u9a30\u304c\u8d77\u3053\u3063\u305f1970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u3066\u3082\u3089\u3046\u306e\u304c\u65e9\u3044\u3060\u308d\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\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"481\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart.png\" alt=\"\" class=\"wp-image-27283\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart.png 481w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart-300x291.png 300w\" sizes=\"auto, (max-width: 481px) 100vw, 481px\" \/><\/a><\/figure>\n\n\n\n<p>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u5897\u6e1b\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4e0a\u4e0b\u306b\u5148\u884c\u3057\u3066\u3044\u308b\u306e\u304c\u5206\u304b\u308b\u3002\u307e\u305a\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u4e0a\u304c\u308a\u3001\u305d\u308c\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0a\u6607\u3059\u308b\u3002\u305d\u306e\u5f8c\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u4e0b\u304c\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u3001\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u4eca\u5e74\u306e1\u6708\u3092\u30d4\u30fc\u30af\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002\u3053\u306e\u539f\u56e0\u306f\u8ca1\u653f\u652f\u51fa\u306e\u6e1b\u5c11\u3067\u3042\u308a\u3001\u4eca\u5f8c\u3082\u5897\u3048\u308b\u898b\u8fbc\u307f\u306e\u306a\u3044\u3053\u3068\u304b\u3089\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u3044\u305a\u308c\u4e0b\u304c\u3063\u3066\u3086\u304f\u306f\u305a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27035\" data-type=\"post\" data-id=\"27035\">\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c8.5%\u306b\u6025\u6e1b\u901f\u3001\u539f\u56e0\u306f\u539f\u6cb9\u4fa1\u683c<\/a><\/li><\/ul>\n\n\n\n<p>\u3084\u306f\u308a\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u3064\u3044\u3066\u306f\u4eca\u5e74\u306e\u5f8c\u534a\u304b\u3089\u6765\u5e74\u306e\u524d\u534a\u304c\u30d4\u30fc\u30af\u3060\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u524d\u56de\u306e\u8a18\u4e8b\u306e\u7d50\u8ad6\u3068\u5408\u308f\u305b\u3066\u8003\u3048\u308b\u3068\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u6e1b\u5c11\u304c\u4f01\u696d\u5229\u76ca\u306e\u6e1b\u5c11\u306e\u539f\u56e0\u306b\u306a\u308b\u3068\u540c\u6642\u306b\u3001\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u6e1b\u5c11\u306e\u539f\u56e0\u306b\u306a\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u3082\u4eca\u5f8c\u843d\u3061\u7740\u3044\u3066\u3086\u304f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27199\" data-type=\"post\" data-id=\"27199\">\u7c73\u56fd\u682a\u306e\u4eca\u5f8c\u306e\u898b\u901a\u3057: \u4f01\u696d\u5229\u76ca\u6fc0\u6e1b\u3067\u682a\u4fa1\u306f\u518d\u3073\u66b4\u843d\u3078\u3001\u7a7a\u58f2\u308a\u518d\u958b<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u306e\u610f\u5473\u3067\u306f\u91d1\u878d\u653f\u7b56\u306b\u3064\u3044\u3066\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u6b63\u3057\u304b\u3063\u305f\u3088\u3046\u306b\u601d\u3048\u308b\u3002\u3057\u304b\u3057\u5f7c\u306f\u8ca1\u653f\u653f\u7b56\u306e\u4f01\u696d\u5229\u76ca\u3078\u306e\u5f71\u97ff\u3092\u5fd8\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26774\" data-type=\"post\" data-id=\"26774\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5229\u4e0a\u3052\u304c\u884c\u304d\u904e\u304e\u308b\u3068\u9006\u306b\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26730\" data-type=\"post\" data-id=\"26730\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5229\u4e0a\u3052\u306e\u304a\u9670\u3067\u682a\u4fa1\u53cd\u767a\u306e\u4e0b\u5730\u304c\u6574\u3063\u305f<\/a><\/li><\/ul>\n\n\n\n<p>\u30b3\u30ed\u30ca\u4ee5\u524d\u306f\u5229\u4e0a\u3052\u3084\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306a\u3069\u306e\u91d1\u878d\u653f\u7b56\u304c\u5e02\u5834\u7d4c\u6e08\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u3066\u3044\u305f\u306e\u3067\u5fd8\u308c\u3089\u308c\u304c\u3061\u3060\u304c\u3001\u4eca\u306e\u5e02\u5834\u3067\u306f\u3080\u3057\u308d\u8ca1\u653f\u653f\u7b56\u304c\u682a\u4fa1\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5de6\u53f3\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u6e1b\u5c11\u306f\u4f01\u696d\u5229\u76ca\u306e\u6e1b\u5c11\u3060\u3051\u3067\u306f\u306a\u304f\u666f\u6c17\u5f8c\u9000\uff08\u3042\u308b\u3044\u306f\u6050\u614c\uff09\u3092\u3082\u305f\u3089\u3059\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/26936\" data-type=\"post\" data-id=\"26936\">\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f: \u653f\u7b56\u91d1\u5229\u306f5%\u4ee5\u4e0a\u306b\u4e0a\u304c\u3063\u3066\u666f\u6c17\u5f8c\u9000\u3067\u306f\u306a\u304f\u6050\u614c\u3092\u5f15\u304d\u8d77\u3053\u3059<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u7de9\u548c\u306f\u518d\u958b\u3055\u308c\u3001\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u518d\u3073\u5897\u52a0\u3057\u30011970\u5e74\u4ee3\u306e\u3088\u3046\u306a\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306b\u7e4b\u304c\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"481\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart.png\" alt=\"\" class=\"wp-image-27283\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart.png 481w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/08\/1970s-us-cpi-growth-and-m2-money-stock-chart-300x291.png 300w\" sizes=\"auto, (max-width: 481px) 100vw, 481px\" \/><\/a><\/figure>\n\n\n\n<p>\u4f55\u6545\u4eba\u9593\u306f\u5b66\u3070\u306a\u3044\u306e\u3060\u308d\u3046\u304b\u3002\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u30b3\u30e1\u30f3\u30c8\u304c\u601d\u3044\u51fa\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24285\" data-type=\"post\" data-id=\"24285\">\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<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17063\" data-type=\"post\" data-id=\"17063\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f: \u8ab0\u3067\u3082\u512a\u308c\u305f\u6295\u8cc7\u5bb6\u306b\u306a\u308c\u308b\u65b9\u6cd5<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u3068\u3063\u3066\u306f2\u5e74\u524d\u304b\u3089\u8b70\u8ad6\u3055\u308c\u3066\u3044\u308b\u53e4\u3044\u8a71\u3067\u3042\u308b\u3002 \u91d1\u878d\u5e02\u5834\u306b\u30a4\u30f3\u30d5\u30ec\u306e\u5146\u3057: \u91d1\u3001\u539f\u6cb9\u3001\u7a40\u7269\u4fa1\u683c\u304c\u9ad8\u9a30 (2020\/10\/14) \u305d\u3057\u3066\u4e16\u9593\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u8a71\u3057\u59cb\u3081\u305f20 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27272\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u7e2e\u5c0f\u3067\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306f\u7d42\u4e86\u3078<\/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":[167],"class_list":["post-27272","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-inflation"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27272","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=27272"}],"version-history":[{"count":27,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27272\/revisions"}],"predecessor-version":[{"id":27303,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/27272\/revisions\/27303"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=27272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=27272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=27272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}