{"id":31944,"date":"2022-12-18T20:23:06","date_gmt":"2022-12-18T11:23:06","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=31944"},"modified":"2022-12-18T20:23:09","modified_gmt":"2022-12-18T11:23:09","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e7%8e%87%e3%81%af%e4%b8%8b%e8%90%bd%e3%81%99%e3%82%8b","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31944","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0b\u843d\u3059\u308b"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u30012\u30f6\u6708\u7d9a\u3051\u3066\u6025\u6e1b\u901f\u3057\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066MSNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u6025\u6e1b\u901f\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u7387<\/strong><\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306e\u30d4\u30fc\u30af\u306b\u3064\u3044\u3066\u306f\u8b58\u8005\u3067\u3082\u610f\u898b\u304c\u5272\u308c\u3066\u3044\u305f\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u305d\u3046\u7c21\u5358\u306b\u306f\u4e0b\u304c\u3089\u306a\u3044\u3060\u308d\u3046\u3068\u4e88\u60f3\u3057\u3066\u3044\u305f\u4e00\u65b9\u3067\u3001\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u306e\u6025\u4f4e\u4e0b\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u73fe\u5728\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f2\u30f6\u6708\u9023\u7d9a\u3067\u6025\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u3002\u30d4\u30fc\u30af\u304b\u3089\u3082\u30462%\u3082\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31823\" data-type=\"post\" data-id=\"31823\">11\u6708\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u6025\u6e1b\u901f\u7d99\u7d9a\u30677.1%\u3001\u30c9\u30eb\u5b89\u52a0\u901f\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth.png\" alt=\"\" class=\"wp-image-31826\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/2022-nov-us-cpi-growth-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u7b46\u8005\u3082\u30b5\u30de\u30fc\u30ba\u6c0f\u306b\u8fd1\u3044\u4e88\u60f3\u3060\u3063\u305f\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u6025\u843d\u3068\u3044\u3046\u4e8b\u5b9f\u3092\u898b\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u52dd\u5229\u3092\u8a8d\u3081\u3056\u308b\u3092\u5f97\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u3082\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\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\">\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u73fe\u5728\u306e\u6c34\u6e96\u304b\u3089\u4e0b\u843d\u3057\u3066\u3086\u304f\u3068\u3044\u3046\u5e02\u5834\u306e\u4e88\u60f3\u306f\u6050\u3089\u304f\u6b63\u3057\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u653f\u7b56\u91d1\u5229\u304c4%\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c7%\u3068\u3044\u3046\u72b6\u614b\u3067\u3069\u308c\u3060\u3051\u5f15\u304d\u7de0\u3081\u7684\u3068\u8a00\u3048\u308b\u306e\u304b\u3068\u3044\u3046\u7591\u554f\u306f\u3042\u3063\u305f\u30021970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u3067\u306f\u3001\u653f\u7b56\u91d1\u5229\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u4e0a\u56de\u3089\u306a\u3051\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0b\u843d\u3092\u59cb\u3081\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u5b9f\u969b\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u6025\u843d\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u4e8b\u5b9f\u304c\u30014%\u3068\u3044\u3046\u91d1\u5229\u304c\u65e2\u306b\u5f15\u304d\u7de0\u3081\u7684\u3067\u3042\u308b\u3068\u3044\u3046\u4f55\u3088\u308a\u306e\u8a3c\u62e0\u3067\u3042\u308a\u3001\u6295\u8cc7\u5bb6\u306f\u305d\u306e\u4e8b\u5b9f\u3092\u91cd\u8996\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306f\u8d77\u304d\u308b\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u6b21\u306b\u8003\u3048\u308b\u3079\u304d\u3053\u3068\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u3053\u306e\u307e\u307e\u9577\u671f\u7684\u306b\u4e0b\u304c\u3063\u3066\u3044\u304f\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u4f55\u51e6\u304b\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u518d\u767a\u3057\u30011970\u5e74\u4ee3\u306e\u3088\u3046\u306b\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306b\u7e4b\u304c\u3063\u3066\u3044\u304f\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>1970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u653f\u7b56\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u3082\u3046\u4e00\u5ea6\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\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"468\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-31922\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png 468w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-300x300.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-120x120.png 120w\" sizes=\"auto, (max-width: 468px) 100vw, 468px\" \/><\/a><\/figure>\n\n\n\n<p>\u7b2c2\u6ce2\u306e\u6642\u306b\u306f\u91d1\u5229\u3092\u3059\u3050\u306b\u4e0b\u3052\u3066\u3057\u307e\u3063\u305f\u305f\u3081\u306b\u30a4\u30f3\u30d5\u30ec\u7b2c3\u6ce2\u306b\u7e4b\u304c\u3063\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u7b2c3\u6ce2\u306e\u6642\u306b\u306f\u3001\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\uff08\u5f53\u6642\uff09\u304c\u91d1\u5229\u3092\u30a4\u30f3\u30d5\u30ec\u7387\u3088\u308a\u3082\u9ad8\u3044\u6c34\u6e96\u306b\u4fdd\u3061\u7d9a\u3051\u305f\u305f\u3081\u306b\u7b2c4\u6ce2\u306f\u8d77\u3053\u3089\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u91d1\u5229\u3092\u9ad8\u304f\u4fdd\u3066\u3070\u826f\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u304c\u3001\u4e8b\u306f\u305d\u308c\u307b\u3069\u7c21\u5358\u3067\u306f\u306a\u3044\u3002\u30b5\u30de\u30fc\u30ba\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\">\n<p>\u3060\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u679c\u305f\u3057\u3066\u305d\u306e\u307e\u307e\u672c\u5f53\u306b\u6c88\u9759\u5316\u3059\u308b\u306e\u304b\u3001\u305d\u3046\u3059\u308b\u305f\u3081\u306b\u3069\u308c\u3060\u3051\u306e\u3053\u3068\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u304b\u306f\u3001\u554f\u984c\u3068\u3057\u3066\u6b8b\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7b2c2\u6ce2\u3092\u5f15\u304d\u8d77\u3053\u3055\u306a\u3044\u305f\u3081\u306b\u306f\u30b3\u30b9\u30c8\u3092\u652f\u6255\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306e\u30b3\u30b9\u30c8<\/strong><\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u5bfe\u3057\u3066\u91d1\u5229\u3092\u9ad8\u304f\u4fdd\u3066\u3070\uff08\u73fe\u5728\u306e\u5834\u54084%\u3092\u9ad8\u3044\u3068\u5b9a\u7fa9\u3059\u308b\u308f\u3051\u3060\u304c\uff09\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u518d\u767a\u3057\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u306f\u5bfe\u4fa1\u3092\u8981\u6c42\u3059\u308b\u30021980\u5e74\u4ee5\u5f8c\u306e\u30dc\u30eb\u30ab\u30fc\u6c0f\u306b\u3088\u308b\u5f15\u304d\u7de0\u3081\u653f\u7b56\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u846c\u308a\u53bb\u3063\u305f\u4ee3\u308f\u308a\u306b\u5927\u91cf\u5931\u696d\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27377\" data-type=\"post\" data-id=\"27377\">\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u30011980\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u304c\u3069\u308c\u3060\u3051\u53b3\u3057\u304b\u3063\u305f\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8a00\u3046\u3088\u3046\u306b\u7269\u4fa1\u9ad8\u9a30\u304c\u6050\u308d\u3057\u3044\u306e\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u308a\u59cb\u3081\u3066\u304b\u3089\u3067\u3042\u308b\u3002\u4f55\u6545\u305d\u3046\u306a\u306e\u304b\u306b\u3064\u3044\u3066\u306f\u5927\u7d4c\u6e08\u5b66\u8005\u30d5\u30ea\u30fc\u30c9\u30ea\u30d2\u30fb\u30d5\u30a9\u30f3\u30fb\u30cf\u30a4\u30a8\u30af\u6c0f\u304c\u8aac\u660e\u3057\u3066\u304f\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31421\" data-type=\"post\" data-id=\"31421\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u5f8c\u306e\u5931\u696d\u5897\u52a0\u306f\u907f\u3051\u3089\u308c\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u5c11\u306a\u304f\u3068\u3082\u666f\u6c17\u5f8c\u9000\u306f\u4e0d\u53ef\u907f\u3060\u308d\u3046\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u3082\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u305d\u3057\u3066\u666f\u6c17\u5f8c\u9000\u306a\u3057\u3067\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u4e0b\u3052\u304d\u308c\u308b\u306e\u304b\u3068\u3044\u3046\u306e\u304c\u91cd\u5927\u306a\u554f\u984c\u3060\u3002\u305d\u3057\u3066\u308f\u305f\u3057\u306e\u4e88\u60f3\u306f\u3001Fed\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u4e0b\u3052\u304d\u308b\u305f\u3081\u306b\u666f\u6c17\u5f8c\u9000\u3092\u8a31\u5bb9\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u3082\u306e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3046\u306a\u308c\u30702023\u5e74\u306e\u30c8\u30ec\u30f3\u30c9\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u4f4e\u4e0b\u3068\u666f\u6c17\u5f8c\u9000\u3067\u3042\u308b\u30021970\u5e74\u4ee3\u306e\u3088\u3046\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u6025\u843d\u3092\u7d9a\u3051\u308b\u3068\u3044\u3046\u4e88\u60f3\u304c\u6b63\u3057\u3051\u308c\u3070\u3001\u4e00\u756a\u306e\u30c8\u30ec\u30fc\u30c9\u306f\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31913\" data-type=\"post\" data-id=\"31913\">\u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u4ee5\u5185\u306b\u5229\u4e0b\u3052\u3059\u308b\u30012\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u958b\u59cb<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u682a\u5f0f\u3084\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u5834\u5408\u3068\u540c\u69d8\u3001\u30c9\u30eb\u5efa\u3066\u306e\u8cc7\u7523\u3067\u3082\u30c9\u30eb\u306e\u4e0a\u6607\u306b\u8ced\u3051\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\uff08\u72b6\u6cc1\u7684\u306b\u5f53\u7136\u3067\u3042\u308b\uff09\u3002\u65e5\u672c\u4eba\u3067\u3082\u5148\u7269\u3092\u4f7f\u3046\u304b\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u30d8\u30c3\u30b8\u3059\u308b\u306a\u3069\u3057\u3066\u5bfe\u5fdc\u3067\u304d\u308b\u3060\u308d\u3046\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u30012\u30f6\u6708\u7d9a\u3051\u3066\u6025\u6e1b\u901f\u3057\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066MSNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u8a9e\u3063\u3066\u3044\u308b\u3002<\/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-31944","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\/31944","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=31944"}],"version-history":[{"count":17,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/31944\/revisions"}],"predecessor-version":[{"id":31961,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/31944\/revisions\/31961"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=31944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=31944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=31944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}