{"id":30619,"date":"2022-11-12T20:03:00","date_gmt":"2022-11-12T11:03:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=30619"},"modified":"2022-11-12T17:38:41","modified_gmt":"2022-11-12T08:38:41","slug":"%e3%83%9e%e3%82%a4%e3%83%8a%e3%83%bc%e3%83%89%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%81%af%e4%b8%8b%e8%90%bd%e3%81%99%e3%82%8b%e5%89%8d%e3%81%ab%e4%b8%8a%e6%98%87%e3%81%b8","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30619","title":{"rendered":"\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f: \u7c73\u56fd\u682a\u306f\u4e0b\u843d\u3059\u308b\u524d\u306b\u4e0a\u6607\u3078"},"content":{"rendered":"\n<p>\u6025\u6e1b\u901f\u3057\u305f10\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u30c7\u30fc\u30bf\u3092\u53d7\u3051\u3066\u7c73\u56fd\u682a\u304c\u6025\u4e0a\u6607\u3057\u3066\u3044\u308b\u304c\u3001Guggenheim Partners\u306e\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u682a\u5f0f\u5e02\u5834\u306e\u5148\u884c\u304d\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u9078\u6319\u7d50\u679c\u306e\u682a\u4fa1\u3078\u306e\u5f71\u97ff<\/strong><\/p>\n\n\n\n<p>\u307e\u305a\u306f\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f11\u67088\u65e5\u306b\u884c\u308f\u308c\u305f\u30a2\u30e1\u30ea\u30ab\u4e2d\u9593\u9078\u6319\u306e\u7d50\u679c\u306b\u8a00\u53ca\u3057\u3066\u3044\u308b\u3002\u9078\u6319\u7d50\u679c\u306f\u30b8\u30e7\u30fc\u30b8\u30a2\u5dde\u306e\u4e0a\u9662\u9078\u6319\u304c12\u67086\u65e5\u306e\u6c7a\u9078\u6295\u7968\u306b\u6301\u3061\u8d8a\u3055\u308c\u305f\u3053\u3068\u3082\u3042\u308a\u30014\u65e5\u7d4c\u3063\u305f\u4eca\u3082\u7d50\u679c\u306f\u51fa\u3066\u3044\u306a\u3044\u304c\u3001\u6982\u306d\u4e0b\u9662\u3067\u306f\u5171\u548c\u515a\u304c\u904e\u534a\u6570\u3092\u53d6\u308b\u898b\u8fbc\u307f\u3067\u3001\u4e0a\u9662\u306e\u65b9\u306f\u96e3\u3057\u3044\u3068\u898b\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u305b\u3088\u4e0b\u9662\u3092\u91ce\u515a\u5171\u548c\u515a\u304c\u6291\u3048\u305f\u3053\u3068\u3067\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306f\u81ea\u5206\u306e\u653f\u7b56\u3092\u901a\u3059\u3053\u3068\u304c\u96e3\u3057\u304f\u306a\u3063\u305f\u3002\u4e2d\u9593\u9078\u6319\u3067\u306f\u4e0e\u515a\u304c\u8ca0\u3051\u308b\u3053\u3068\u304c\u591a\u3044\u305f\u3081\u3001\u3053\u308c\u306f\u5178\u578b\u7684\u306a\u7d50\u679c\u3067\u306f\u3042\u308b\u306e\u3060\u304c\u3001\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f\u3053\u306e\u7d50\u679c\u304c\u5e02\u5834\u306b\u3068\u3063\u3066\u30d7\u30e9\u30b9\u3060\u3068\u898b\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\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>\u5206\u65ad\u3055\u308c\u305f\u8b70\u4f1a\u306f\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u826f\u3044\u7d50\u679c\u3060\u3002<\/p><p>\u653f\u5e9c\u306f\u8ca1\u653f\u652f\u51fa\u306b\u52d5\u304d\u306b\u304f\u304f\u306a\u308b\u3002\u6e1b\u7a0e\u3082\u516c\u5171\u4e8b\u696d\u3082\u5927\u3057\u3066\u884c\u3048\u306a\u3044\u3060\u308d\u3046\u3002\u7d50\u679c\u3068\u3057\u3066\u5b9f\u4f53\u7d4c\u6e08\u306f\u3088\u308a\u51b7\u5374\u3055\u308c\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u884c\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u5229\u4e0a\u3052\u306e\u91cf\u304c\u6e1b\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u304c\u81ea\u5206\u306e\u7968\u7530\u3078\u306e\u3070\u3089\u6492\u304d\u3092\u51fa\u6765\u306a\u304f\u306a\u308b\u306e\u3067\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u91cf\u3082\u6e1b\u308b\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u305d\u306e\u4e0a\u3067\u682a\u9ad8\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u5f7c\u306f\u3053\u3046\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u7d71\u8a08\u7684\u306b\u306f\u3001\u4e2d\u9593\u9078\u6319\u5f8c\u306e6\u30f6\u6708\u3067\u306f\u3001Fed\u304c\u5229\u4e0a\u3052\u3092\u3057\u3066\u3044\u308b\u5834\u5408\u3067\u3055\u3048\u30828%\u301c15%\u7a0b\u5ea6\u306e\u682a\u4fa1\u4e0a\u6607\u304c\u671f\u5f85\u3067\u304d\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u4e8b\u5b9f\u3001\u305d\u306e\u5f8c\u682a\u4fa1\u306f\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u3053\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u306f\u3053\u30532\u65e5\u306e\u682a\u4fa1\u4e0a\u6607\u306e\u524d\u306b\u884c\u308f\u308c\u305f\u3082\u306e\u3067\u3042\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\/11\/2022-11-12-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\/11\/2022-11-12-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-30629\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-s-and-p-500-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u5b9f\u969b\u306b\u306f\u3001\u9078\u6319\u5f8c\u306b\u682a\u4fa1\u306f\u4e00\u5ea6\u4e0b\u304c\u3063\u305f\u304c\u3001\u305d\u306e\u5f8c\u306eCPI\u7d71\u8a08\u3067\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u304c\u660e\u3089\u304b\u306b\u306a\u308a\u682a\u4fa1\u306f\u4e0a\u304c\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30580\" data-type=\"post\" data-id=\"30580\">10\u6708\u7c73\u30a4\u30f3\u30d5\u30ec\u7387\u306f7.8%\u306b\u6025\u6e1b\u901f\u3001\u30c9\u30eb\u9ad8\u76f8\u5834\u306e\u7d42\u7109<\/a><\/li><\/ul>\n\n\n\n<p>\u682a\u9ad8\u306e\u7406\u7531\u306f\u9078\u6319\u3088\u308a\u3082\u30a4\u30f3\u30d5\u30ec\u7387\u3060\u304c\u3001\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u306a\u3069\u304c\u5229\u4e0a\u3052\u5f37\u884c\u3092\u652f\u6301\u3059\u308b\u4e00\u65b9\u3067\u3001\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f\u3053\u308c\u307e\u3067Fed\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u904e\u5270\u3060\u3068\u4e3b\u5f35\u3057\u3066\u304d\u305f1\u4eba\u3067\u3042\u308b\u304b\u3089\u3001\u305d\u306e\u70b9\u306b\u304a\u3044\u3066\u306f\u5f7c\u306e\u52dd\u5229\u3060\u3068\u8a00\u3063\u3066\u3082\u826f\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u682a\u4fa1\u306e\u9577\u671f\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u3057\u304b\u3057\u77ed\u671f\u7684\u306b\u306f\u682a\u4fa1\u306b\u5f37\u6c17\u306a\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u3060\u304c\u3001\u9577\u671f\u7684\u306b\u306f\u305d\u3046\u3067\u306f\u306a\u3044\u3089\u3057\u3044\u3002\u5f7c\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>\u554f\u984c\u306f\u6765\u5e74\u304c\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308b\u304b\u3069\u3046\u304b\u3060\u304c\u3001\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308b\u5834\u5408\u3001\u4e2d\u9593\u9078\u6319\u306e\u5f8c\u306b\u666f\u6c17\u5f8c\u9000\u306b\u306a\u3063\u305f\u5e74\u306e\u682a\u5f0f\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u30cd\u30ac\u30c6\u30a3\u30d6\u306b\u306a\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u50b7\u3093\u3067\u3044\u308b\u3068\u3044\u3046\u76f8\u5834\u89b3\u306f\u3001\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u4e2d\u3067\u306f\u5168\u54e1\u304c\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u682a\u5b89\u306b\u7e4b\u304c\u308b\u304b\u3068\u3044\u3046\u554f\u984c\u306f\u5fc5\u305a\u3057\u3082\u540c\u3058\u3067\u306f\u306a\u3044\u304c\u3001\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306f\u682a\u5f0f\u5e02\u5834\u306f\u4e00\u6642\u7684\u306a\u53cd\u767a\u306e\u5f8c\u3001\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u306b\u623b\u308b\u3068\u898b\u3066\u3044\u308b\u3088\u3046\u3060\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>S&amp;P 500\u306f\u4e0b\u843d\u306b\u8ee2\u3058\u308b\u524d\u306b4,100\u307e\u3067\u4e0a\u304c\u308b\u3068\u601d\u3046\u3002\u3060\u304c\u3044\u305a\u308c\u306b\u305b\u3088\u682a\u5f0f\u5e02\u5834\u306f\u307e\u3060\u9577\u671f\u306e\u5f31\u6c17\u76f8\u5834\u306e\u4e2d\u306b\u3042\u308b\u3002\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u306f\u307e\u3060\u5f37\u56fa\u306b\u5b58\u5728\u3057\u3066\u3044\u308b\u3002<\/p><p>\u73fe\u5728\u306e\u4e0a\u6607\u306f\u5f31\u6c17\u76f8\u5834\u4e2d\u306e\u4e00\u6642\u7684\u306a\u53cd\u767a\u306b\u904e\u304e\u306a\u3044\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3068\u306f\u3044\u3048\u682a\u4fa1\u304c\u53cd\u767a\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u4e8b\u5b9f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u5728\u306e\u682a\u4fa1\u53cd\u767a\u306b\u5bfe\u3057\u3066\u7b46\u8005\u304c\u3069\u3046\u3057\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u7b46\u8005\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u6e1b\u901f\u3092\u4e88\u60f3\u3057\u305f\u4e0a\u306710\u6708\u306e\u521d\u3081\u306b\u30b4\u30fc\u30eb\u30c9\u306e\u8cb7\u3044\u3092\u958b\u59cb\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/29089\" data-type=\"post\" data-id=\"29089\">\u30b4\u30fc\u30eb\u30c9\u306e\u8cb7\u3044\u958b\u59cb\u3001\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u30c8\u30ec\u30fc\u30c9\u518d\u958b (2022\/10\/4)<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u306e\u8a18\u4e8b\u3067\u306f\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u304a\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3078\u306e\u904e\u5ea6\u306a\u60b2\u89b3\u304c\u548c\u3089\u3052\u3070\u3001\u682a\u4fa1\u306b\u3068\u3063\u3066\u30d7\u30e9\u30b9\u306b\u306a\u308b\u53ef\u80fd\u6027\u306f\u3042\u308b\u3002\u3060\u304c\u4e2d\u671f\u7684\u306b\u306f8\u6708\u306b\u8ff0\u3079\u305f\u901a\u308a\u4f01\u696d\u5229\u76ca\u306e\u6e1b\u5c11\u3092\u7e54\u308a\u8fbc\u3093\u3067\u884c\u304b\u3056\u308b\u3092\u5f97\u306a\u3044\u3002<\/p><p>\u4e00\u65b9\u3001\u91d1\u4fa1\u683c\u306f\u5f15\u304d\u7de0\u3081\u306e\u30d4\u30fc\u30af\u8d85\u3048\u3092\u7e54\u308a\u8fbc\u3093\u3060\u3068\u3057\u3066\u3082\u3001\u4f01\u696d\u5229\u76ca\u306e\u6e1b\u5c11\u3092\u7e54\u308a\u8fbc\u3080\u3053\u3068\u306f\u306a\u3044\u3002\u3088\u3063\u3066\u4eca\u5f8c\u534a\u5e74\u307b\u3069\u306f\u3001\u30b4\u30fc\u30eb\u30c9\u306b\u5bfe\u3059\u308b\u30d7\u30e9\u30b9\u8981\u7d20\u304c\u682a\u4fa1\u306b\u5bfe\u3059\u308b\u30d7\u30e9\u30b9\u8981\u7d20\u3092\u4e0a\u56de\u308b\u3060\u308d\u3046\uff08\u3042\u308b\u3044\u306f\u5c11\u306a\u304f\u3068\u3082\u3001\u77ed\u671f\u7684\u306b\u682a\u4fa1\u306e\u53cd\u767a\u304c\u3042\u3063\u3066\u3082\u7a7a\u58f2\u308a\u306e\u542b\u307f\u76ca\u6e1b\u5c11\u3092\u8efd\u6e1b\u3057\u3066\u304f\u308c\u308b\u3060\u308d\u3046\uff09\u3068\u3044\u3046\u76ee\u8ad6\u898b\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u306e\u5f8c\u4e8b\u5b9f\u305d\u3046\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u91d1\u4fa1\u683c\u306f\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u3092\u53d7\u3051\u3066\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\/11\/2022-11-12-gold-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-gold-chart.png\" alt=\"\" class=\"wp-image-30636\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-gold-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-gold-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u77ed\u671f\u7684\u306a\u682a\u9ad8\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u306e\u3067\u3042\u308c\u3070\u3001\u682a\u5f0f\u306e\u7a7a\u58f2\u308a\u3092\u4e00\u6642\u7684\u306b\u3067\u3082\u64a4\u56de\u3059\u308b\u9078\u629e\u80a2\u304c\u3042\u3063\u305f\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u8a00\u308f\u308c\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u4e8b\u5b9f\u3001\u4eca\u5e74\u306e\u590f\u306b\u306f7\u6708\u306e\u521d\u3081\u306b\u7a7a\u58f2\u308a\u3092\u5229\u76ca\u78ba\u5b9a\u3057\u305f\u5f8c\u30018\u6708\u306e\u534a\u3070\u306b\u7a7a\u58f2\u308a\u3092\u518d\u958b\u3057\u305f\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 (2022\/8\/17)<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u306e\u30c8\u30ec\u30fc\u30c9\u306f\u7d50\u679c\u7684\u306b\u306f\u6700\u9ad8\u306e\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u3068\u306a\u3063\u305f\u3002\u7c73\u56fd\u682a\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u518d\u63b2\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\/11\/2022-11-12-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\/11\/2022-11-12-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-30629\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-s-and-p-500-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u3060\u304c\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u306e\u6210\u529f\u7387\u306f\u4e2d\u671f\u30c8\u30ec\u30fc\u30c9\u306e\u6210\u529f\u7387\u306b\u6bd4\u3079\u3066\u4f4e\u3044\u3082\u306e\u3067\u3042\u308b\u3002\u7b46\u8005\u306f\u30de\u30af\u30ed\u306e\u6295\u8cc7\u5bb6\u306a\u306e\u3067\u3001\u6bce\u56de\u6bce\u56deRenaissance Technologies\u306e\u771f\u4f3c\u4e8b\u3092\u3084\u308b\u308f\u3051\u306b\u306f\u884c\u304b\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u77ed\u671f\u7684\u306a\u7f8e\u5473\u3057\u3044\u6240\u53d6\u308a\u306e\u6210\u529f\u306b\u4e00\u559c\u4e00\u6182\u305b\u305a\u306b\u3001\u3057\u3063\u304b\u308a\u8170\u3092\u636e\u3048\u3066\u9577\u671f\u30c8\u30ec\u30f3\u30c9\u306b\u8ced\u3051\u308b\u3079\u304d\u3060\u308d\u3046\u3002\u305d\u308c\u3067\u4eca\u56de\u306f\u682a\u306e\u7a7a\u58f2\u308a\u306e\u77ed\u671f\u7684\u306a\u5229\u76ca\u7e2e\u5c0f\u3092\u30b4\u30fc\u30eb\u30c9\u306e\u8cb7\u3044\u3067\u30ab\u30d0\u30fc\u3059\u308b\u65b9\u91dd\u3067\u884c\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u682a\u5f0f\u5e02\u5834\u306e\u9577\u671f\u7684\u306a\u30b4\u30fc\u30eb\u3068\u306f\u4f55\u51e6\u3060\u308d\u3046\u304b\u3002\u30de\u30a4\u30ca\u30fc\u30c9\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>Fed\u306f\u81ea\u899a\u3057\u3066\u3044\u308b\u3088\u308a\u3082\u30bf\u30ab\u6d3e\u306e\u72b6\u6cc1\u306b\u3042\u308b\u3068\u601d\u3046\u3002\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u4e16\u754c\u6050\u614c\u4ee5\u6765\u306e\u672a\u66fe\u6709\u306e\u6e1b\u5c11\u3092\u898b\u305b\u3066\u3044\u308b\u3002<\/p><p>\u682a\u4fa1\u306e\u53cd\u767a\u5f8c\u306e\u4e0b\u843d\u306b\u3064\u3044\u3066\u306f\u3001S&amp;P 500\u306f\u6700\u7d42\u7684\u306b3,300\u8fd1\u8fba\u307e\u3067\u884c\u304f\u304b\u3001\u3088\u308a\u4f4e\u304f\u306a\u308c\u30703,000\u307e\u3067\u4e0b\u304c\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>S&amp;P 500\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\u306f\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\/11\/2022-11-12-s-and-p-500-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-s-and-p-500-long-term-chart.png\" alt=\"\" class=\"wp-image-30643\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-s-and-p-500-long-term-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/11\/2022-11-12-s-and-p-500-long-term-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u7c73\u56fd\u682a\u306e\u6700\u7d42\u7684\u306a\u5e95\u5024\u306b\u3064\u3044\u3066\u306f\u66f4\u306b\u4e0d\u5409\u306a\u4e88\u60f3\u3092\u7acb\u3066\u3066\u3044\u308b\u5c02\u9580\u5bb6\u3082\u3044\u308b\u304c\u3001\u304a\u304a\u3088\u305d\u306e\u76f8\u5834\u89b3\u306f\u7686\u305d\u308c\u307b\u3069\u9055\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u306f\u898b\u3048\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24609\" data-type=\"post\" data-id=\"24609\">\u30dd\u30ba\u30b5\u30fc\u6c0f: \u7c73\u56fd\u682a\u66b4\u843d\u3067\u30b3\u30ed\u30ca\u682a\u5b89\u6642\u306e\u5e95\u5024\u306b\u9006\u623b\u308a\u3059\u308b\u53ef\u80fd\u6027<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28426\" data-type=\"post\" data-id=\"28426\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u682a\u5f0f\u5e02\u5834\u306f40\u5e74\u524d\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u3088\u308a\u9177\u3044\u60e8\u72b6\u306b<\/a><\/li><\/ul>\n\n\n\n<p>\u4f55\u6545\u305d\u3046\u306a\u308b\u306e\u304b\u306b\u3064\u3044\u3066\u306f\u30018\u6708\u306e\u8a18\u4e8b\u306b\u65e2\u306b\u66f8\u3044\u3066\u304a\u3044\u305f\u306e\u3067\u305d\u3061\u3089\u3092\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3046\u306e\u304c\u826f\u3044\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","protected":false},"excerpt":{"rendered":"<p>\u6025\u6e1b\u901f\u3057\u305f10\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u30c7\u30fc\u30bf\u3092\u53d7\u3051\u3066\u7c73\u56fd\u682a\u304c\u6025\u4e0a\u6607\u3057\u3066\u3044\u308b\u304c\u3001Guggenheim Partners\u306e\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u682a\u5f0f\u5e02\u5834\u306e\u5148\u884c\u304d\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/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":[168],"class_list":["post-30619","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-scott-minerd"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/30619","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=30619"}],"version-history":[{"count":29,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/30619\/revisions"}],"predecessor-version":[{"id":30651,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/30619\/revisions\/30651"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=30619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=30619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=30619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}