{"id":33302,"date":"2023-02-07T20:01:00","date_gmt":"2023-02-07T11:01:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=33302"},"modified":"2023-02-07T14:49:18","modified_gmt":"2023-02-07T05:49:18","slug":"%e4%b8%96%e7%95%8c%e6%9c%80%e5%a4%a7%e3%81%ae%e3%83%98%e3%83%83%e3%82%b8%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89-%e6%a0%aa%e5%bc%8f%e3%82%88%e3%82%8a%e3%82%82%e7%8f%be%e9%87%91%e3%81%ae%e6%96%b9%e3%81%8c","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33302","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u682a\u5f0f\u3088\u308a\u3082\u73fe\u91d1\u306e\u65b9\u304c\u9b45\u529b\u7684"},"content":{"rendered":"\n<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306eCNBC\u306b\u3088\u308b\u4eca\u5e74\u521d\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u304c\u4e16\u754c\u7d4c\u6e08\u3092\u8972\u3046\u4e2d\u3001\u4e16\u754c\u6700\u9ad8\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e1\u4eba\u304c\u65e5\u672c\u653f\u5e9c\u3084\u91d1\u878d\u5e81\u3068\u771f\u9006\u306e\u6295\u8cc7\u30a2\u30c9\u30d0\u30a4\u30b9\u3092\u3057\u3066\u3044\u308b\u3068\u3053\u308d\u306b\u6ce8\u76ee\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30c0\u30ea\u30aa\u6c0f\u306e2023\u5e74\u76f8\u5834\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u6bce\u5e741\u6708\u306b\u4e16\u754c\u7d4c\u6e08\u30d5\u30a9\u30fc\u30e9\u30e0\uff08\u901a\u79f0\u30c0\u30dc\u30b9\u4f1a\u8b70\uff09\u3067\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3092\u53d7\u3051\u3066\u3044\u308b\u304c\u3001\u4eca\u5e74\u306f\u306a\u304b\u3063\u305f\u3088\u3046\u3067\u3042\u308a\u3001\u4ee3\u308f\u308a\u306b\u30ea\u30e2\u30fc\u30c8\u3067\u306f\u306a\u304fCNBC\u306e\u30b9\u30bf\u30b8\u30aa\u306b\u76f4\u63a5\u8a2a\u308c\u3066\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3092\u53d7\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f2023\u5e74\u306e\u6295\u8cc7\u74b0\u5883\u3092\u3069\u306e\u3088\u3046\u306b\u898b\u3066\u3044\u308b\u306e\u304b\u3002\u5f7c\u306f\u30b3\u30ed\u30ca\u5f8c\u306e\u7d4c\u6e08\u3068\u73fe\u72b6\u306e\u30a4\u30f3\u30d5\u30ec\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u89e3\u8aac\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u653f\u5e9c\u306f\u5927\u91cf\u306e\u5c0f\u5207\u624b\u3092\u4eba\u3005\u306b\u9001\u308a\u3064\u3051\u305f\u3002\u4e2d\u592e\u9280\u884c\u306f\u305d\u306e\u8cc7\u91d1\u6e90\u3060\u3063\u305f\u3002\u305d\u308c\u3067\u7d4c\u6e08\u306e\u9700\u7d66\u304c\u4e0d\u5747\u8861\u306b\u306a\u3063\u305f\u3002\u7d4c\u6e08\u306b\u5927\u91cf\u306e\u8cc7\u91d1\u304c\u6ce8\u304e\u8fbc\u307e\u308c\u3001\u9700\u8981\u304c\u6025\u5897\u3057\u3001\u30b5\u30a4\u30af\u30eb\u304c\u958b\u59cb\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u53e4\u5178\u7684\u306a\u30b5\u30a4\u30af\u30eb\u3060\u3002\u7d4c\u6e08\u523a\u6fc0\u3092\u3059\u308b\u3002\u4fe1\u7528\u304c\u8ca0\u50b5\u306b\u306a\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u308b\u3002\u91d1\u878d\u653f\u7b56\u3092\u5f15\u304d\u7de0\u3081\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3053\u308c\u304c\u30c0\u30ea\u30aa\u6c0f\u306e\u73fe\u72b6\u8a8d\u8b58\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u3067\u7d39\u4ecb\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u4e16\u754c\u6700\u9ad8\u306e\u91d1\u878d\u5bb6\u304c\u73fe\u5728\u306e\u7269\u4fa1\u9ad8\u9a30\u3092\u89e3\u8aac\u3059\u308b\u3068\u304d\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u3060\u306e\u30b3\u30b9\u30c8\u30d7\u30c3\u30b7\u30e5\u30a4\u30f3\u30d5\u30ec\u3060\u306e\u3068\u3044\u3046\u8a00\u8449\u306f\u7d76\u5bfe\u306b\u51fa\u3066\u6765\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30188\" data-type=\"post\" data-id=\"30188\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u30d7\u30fc\u30c1\u30f3\u6c0f\u304c\u5f15\u304d\u8d77\u3053\u3057\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u7406\u7531<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31363\" data-type=\"post\" data-id=\"31363\">\u30cf\u30a4\u30a8\u30af: \u30b3\u30b9\u30c8\u30d7\u30c3\u30b7\u30e5\u578b\u30a4\u30f3\u30d5\u30ec\u306f\u653f\u5e9c\u306e\u8cac\u4efb\u56de\u907f\u306e\u8a00\u3044\u8a33\u306b\u904e\u304e\u306a\u3044<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33013\" data-type=\"post\" data-id=\"33013\">\u4e16\u754c\u6700\u9ad8\u306e\u7d4c\u6e08\u5b66\u8005\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u8aac\u660e\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3046\u3044\u3046\u51fa\u9c48\u76ee\u306f\u653f\u6cbb\u5bb6\u3068\u30de\u30b9\u30b3\u30df\u3060\u3051\u304c\u53e3\u306b\u3057\u3001\u5f7c\u3089\u306e\u8a00\u8449\u3092\u9d5c\u5451\u307f\u306b\u3059\u308b\u4eba\u3005\u3060\u3051\u306b\u3068\u3063\u3066\u6b63\u3057\u3044\u5e7b\u60f3\u3067\u3042\u308b\u3002\u5f7c\u3089\u306f\u81ea\u5206\u306e\u982d\u3067\u8003\u3048\u308b\u4eba\u3005\u3068\u306f\u5225\u306e\u5b87\u5b99\u306b\u8133\u3092\u7f6e\u3044\u3066\u304d\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4e16\u754c\u6700\u9ad8\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3042\u308b\u30c0\u30ea\u30aa\u6c0f\u306b\u3068\u3063\u3066\u3053\u306e\u72b6\u6cc1\u306f\u3042\u307e\u308a\u306b\u5358\u7d14\u3060\u3002\u653f\u5e9c\u304c\u4f59\u8a08\u306a\u7de9\u548c\u3092\u3057\u3001\u7d4c\u6e08\u306e\u904e\u71b1\u304c\u884c\u304d\u904e\u304e\u3001\u91d1\u5229\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308a\u3001\u305d\u308c\u3067\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u4f55\u5ea6\u3082\u8d77\u3053\u3063\u3066\u304d\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u6570\u3048\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>\u4eca\u306e\u72b6\u6cc1\u306f1945\u5e74\u4ee5\u676513\u756a\u76ee\u306e\u30b5\u30a4\u30af\u30eb\u306e\u9014\u4e2d\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7d4c\u6e08\u306f\u4f55\u5ea6\u3082\u7e70\u308a\u8fd4\u3057\u611a\u304b\u306a\u653f\u6cbb\u5bb6\u3068\u6709\u6a29\u8005\u306e\u5f8c\u59cb\u672b\u3092\u3057\u3066\u304d\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31597\" data-type=\"post\" data-id=\"31597\">\u30cf\u30a4\u30a8\u30af: \u7de9\u3084\u304b\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u6709\u76ca\u3067\u3042\u308b\u3068\u3044\u3046\u5e7b\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u4e0a\u6607\u3057\u305f\u5b9f\u8cea\u91d1\u5229<\/strong><\/p>\n\n\n\n<p>\u8a71\u3092\u3082\u3046\u5c11\u30572023\u5e74\u306e\u6295\u8cc7\u74b0\u5883\u306b\u6301\u3063\u3066\u3044\u3053\u3046\u3002Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u5229\u4e0a\u3052\u306b\u3088\u3063\u3066\u91d1\u5229\u306f\u5927\u304d\u304f\u4e0a\u304c\u3063\u305f\u3002Fed\u306f\u6700\u8fd1FOMC\u4f1a\u5408\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u7b56\u91d1\u5229\u30924.5%\u307e\u3067\u5f15\u304d\u4e0a\u3052\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33192\" data-type=\"post\" data-id=\"33192\">2\u6708FOMC\u4f1a\u5408\u7d50\u679c\u3067\u91d1\u5229\u4f4e\u4e0b\u30fb\u30c9\u30eb\u5186\u4e0b\u843d\u306e\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u30c0\u30ea\u30aa\u6c0f\u304c\u91cd\u8996\u3059\u308b\u306e\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5dee\u3057\u5f15\u3044\u305f\u5b9f\u8cea\u306e\u91d1\u5229\u3067\u3042\u308b\u3002\u91d1\u5229\u304c\u9ad8\u304f\u3068\u3082\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u9ad8\u3051\u308c\u3070\u73fe\u91d1\u306e\u4fa1\u5024\u304c\u8584\u307e\u308b\u306e\u3067\u9ad8\u91d1\u5229\u306f\u5b9f\u8cea\u7684\u306b\u6253\u3061\u6d88\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3092\u5dee\u3057\u5f15\u3044\u305f\u5f8c\u306e\u5b9f\u8cea\u91d1\u5229\u306f\u3069\u308c\u304f\u3089\u3044\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u306b\u30c0\u30ea\u30aa\u6c0f\u306f\u6ce8\u76ee\u3057\u3066\u3044\u308b\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\">\n<p>\u308f\u308c\u308f\u308c\u306f\u4eca\u3069\u3046\u3044\u3046\u72b6\u6cc1\u306b\u3044\u308b\u304b\uff1f\u3000\u53e4\u5178\u7684\u306a\u72b6\u6cc1\u3060\u3002\u5b9f\u8cea\u91d1\u5229\u304c\u6bd4\u8f03\u7684\u9ad8\u304f\u306a\u3063\u305f\u3002\u5b9f\u8cea\u91d1\u5229\u306f-1.75%\u304b\u30891.75%\u306b\u4e0a\u304c\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u3053\u3068\u306f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u4f55\u3092\u610f\u5473\u3059\u308b\u306e\u304b\u3002\u30c0\u30ea\u30aa\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>\u9810\u91d1\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u3002\u9810\u91d1\u91d1\u5229\u306f\u6bd4\u8f03\u7684\u9ad8\u304f\u306a\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u304c\u9810\u91d1\u3092\u8a55\u4fa1\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u904e\u53bb\u306e\u30c0\u30ea\u30aa\u6c0f\u306e\u767a\u8a00\u3092\u77e5\u3063\u3066\u3044\u308b\u4eba\u3005\u304b\u3089\u898b\u308c\u3070\u8208\u5473\u6df1\u3044\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u30b3\u30ed\u30ca\u524d\u307e\u3067\u300c\u73fe\u91d1\u306f\u30b4\u30df\u300d\u306e\u30d5\u30ec\u30fc\u30ba\u3067\u6709\u540d\u3060\u3063\u305f\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u904e\u53bb\u306e\u81ea\u8eab\u306e\u767a\u8a00\u3092\u6b21\u306e\u3088\u3046\u306b\u632f\u308a\u8fd4\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>\u73fe\u91d1\u306f\u30b4\u30df\u3060\u3063\u305f\u3002\u73fe\u91d1\u306e\u5b9f\u8cea\u91d1\u5229\u306f-1.5%\u3084-2%\u3060\u3063\u305f\u3002\u9177\u3044\u30ea\u30bf\u30fc\u30f3\u3060\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u304b\u3064\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u30bc\u30ed\u3067\u3042\u308a\u3001\u3057\u304b\u3082\u30a4\u30f3\u30d5\u30ec\u7387\u306f2%\u8fd1\u304f\u307e\u3067\u3042\u3063\u305f\u306e\u3067\u3001\u9810\u91d1\u3092\u3057\u3066\u3044\u308b\u3068\u5b9f\u8cea\u7684\u306b\u6bce\u5e742%\u3092\u5931\u3063\u3066\u3044\u3063\u305f\u3002\u65e5\u672c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u73fe\u57284%\u306a\u306e\u3067\u3001\u65e5\u672c\u3067\u3082\u304b\u306a\u308a\u9177\u3044\u3053\u3068\u304c\u8d77\u304d\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3082\u653f\u5e9c\u306f\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306b\u3088\u3063\u3066\u610f\u56f3\u7684\u306b\u305d\u308c\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u304d\u305f\u306e\u3067\u3042\u308b\u3002\u65e5\u672c\u653f\u5e9c\u306f\u3044\u307e\u3060\u306b\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u3084\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\/29551\" data-type=\"post\" data-id=\"29551\">\u65e5\u672c\u653f\u5e9c\u306e\u5168\u56fd\u65c5\u884c\u652f\u63f4\u3067\u5bbf\u6cca\u4e88\u7d04\u6bba\u5230\u3057\u3066\u30db\u30c6\u30eb\u4ee3\u5024\u4e0a\u304c\u308a<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u3082\u65e5\u672c\u3067\u3082\u540c\u3058\u3053\u3068\u3060\u304c\u3001\u4f55\u6545\u305d\u3046\u3057\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u308c\u3070\u5f7c\u3089\u306e\u7a4d\u307f\u4e0a\u3052\u305f\u653f\u5e9c\u50b5\u52d9\u304c\u5b9f\u8cea\u7684\u306b\u76ee\u6e1b\u308a\u3057\u3066\u3086\u304f\u304b\u3089\u3067\u3042\u308b\u3002\u6557\u6226\u5f8c\u306e\u30c9\u30a4\u30c4\u304c\u83ab\u5927\u306a\u501f\u91d1\u3092\u5e33\u6d88\u3057\u306b\u3057\u305f\u306e\u3068\u540c\u3058\u65b9\u6cd5\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3068\u306f\u56fd\u6c11\u306e\u9810\u91d1\u3092\u76ee\u6e1b\u308a\u3055\u305b\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u653f\u5e9c\u50b5\u52d9\u3092\u8efd\u6e1b\u3059\u308b\u653f\u7b56\u3067\u3042\u308b\u3002\u5f53\u7136\u653f\u5e9c\u306f\u305d\u308c\u3092\u3084\u308a\u305f\u304c\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u8061\u660e\u306a\u65e5\u672c\u56fd\u6c11\u306b\u8a00\u308f\u305b\u308c\u3070\u3001\u3053\u3046\u3044\u3046\u7d20\u6674\u3089\u3057\u3044\u653f\u7b56\u306b\u6709\u6a29\u8005\u304c\u8cdb\u6210\u3057\u305f\u306e\u306f\u5b8c\u5168\u306b\u7406\u89e3\u3067\u304d\u308b\u3053\u3068\u306a\u306e\u3060\u308d\u3046\u3002\u7b46\u8005\u306b\u306f\u307e\u3063\u305f\u304f\u610f\u5473\u4e0d\u660e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<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>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/25309\" data-type=\"post\" data-id=\"25309\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a4\u30f3\u30d5\u30ec\u304c\u826f\u3044\u3082\u306e\u3060\u3068\u3044\u3046\u5e7b\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u56fd\u6c11\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u7570\u3092\u5531\u3048\u59cb\u3081\u305f\u305f\u3081\u3001\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u64a4\u56de\u3057\u3066\u91d1\u5229\u3092\u4e0a\u3052\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p><strong>\u9ad8\u91d1\u5229\u306b\u304a\u3051\u308b\u682a\u5f0f\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u3067\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\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>\u73fe\u91d1\u306f\u4eca\u3084\u76f8\u5bfe\u7684\u306b\u9b45\u529b\u7684\u3060\u3002\u50b5\u5238\u3088\u308a\u3082\u9b45\u529b\u7684\u3067\u3001\u5b9f\u969b\u682a\u5f0f\u3088\u308a\u3082\u9b45\u529b\u7684\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u73fe\u91d1\u306f\u30b4\u30df\u3060\u3068\u8a00\u3044\u5207\u3063\u3066\u3044\u305f\u30c0\u30ea\u30aa\u6c0f\u304c\u3001\u73fe\u91d1\u306f\u4eca\u3084\u682a\u5f0f\u3088\u308a\u3082\u9b45\u529b\u7684\u3060\u3068\u8a00\u3046\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u304b\uff1f\u3000\u30a2\u30e1\u30ea\u30ab\u306740\u5e74\u9593\u682a\u4fa1\u304c\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u304d\u305f\u306e\u306f\u3001\u91d1\u5229\u304c\u4e0b\u304c\u308a\u7d9a\u3051\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\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\/2023\/02\/2023-2-7-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"452\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/02\/2023-2-7-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-33321\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/02\/2023-2-7-us-10-year-treasury-bond-yield-chart.png 452w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/02\/2023-2-7-us-10-year-treasury-bond-yield-chart-291x300.png 291w\" sizes=\"auto, (max-width: 452px) 100vw, 452px\" \/><\/a><\/figure>\n\n\n\n<p>\u91d1\u5229\u304c\u4e0b\u304c\u308a\u7d9a\u3051\u305f\u7d50\u679c\u3001\u73fe\u91d1\u306e\u9b45\u529b\u304c\u3069\u3093\u3069\u3093\u306a\u304f\u306a\u308a\u3001\u76f8\u5bfe\u7684\u306b\u682a\u5f0f\u306e\u9b45\u529b\u304c\u5897\u3048\u3001\u8cc7\u91d1\u304c\u682a\u5f0f\u5e02\u5834\u306b\u6d41\u308c\u3066\u3044\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u3082\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u308b\u307e\u3067\u306e\u304b\u3089\u9a12\u304e\u3067\u3042\u308b\u3002\u91d1\u5229\u306e\u4f4e\u4e0b\u958b\u59cb\u304b\u308940\u5e74\u304c\u7d4c\u3061\u3001\u653f\u5e9c\u306e\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306f\u30b3\u30ed\u30ca\u798d\u306b\u304a\u3044\u3066\u9650\u5ea6\u3092\u8d85\u3048\u3001\u3064\u3044\u306b\u4e16\u754c\u7684\u306a\u7269\u4fa1\u9ad8\u9a30\u304c\u5f15\u304d\u8d77\u3053\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u91d1\u5229\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u305f\u3002\u91d1\u5229\u4f4e\u4e0b\u304c\u682a\u4fa1\u4e0a\u6607\u3092\u4f55\u5341\u5e74\u3082\u5f15\u304d\u8d77\u3053\u3057\u7d9a\u3051\u305f\u306a\u3089\u3070\u3001\u3053\u308c\u304b\u3089\u306e\u6570\u5341\u5e74\u306f\u91d1\u5229\u4e0a\u6607\u304c\u682a\u5b89\u3092\u5f15\u304d\u8d77\u3053\u3059\u6642\u4ee3\u3067\u3042\u308b\u3002\u5b9f\u969b\u30011970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u306e\u682a\u5f0f\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u9177\u3044\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<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>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u3053\u308c\u306f\u30a2\u30e1\u30ea\u30ab\u3060\u3051\u306e\u8a71\u3067\u306f\u306a\u3044\u3002\u65e5\u672c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u3064\u3044\u306b4%\u306b\u9054\u3057\u3001\u65e5\u9280\u3055\u3048\u3082\u91d1\u5229\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u72b6\u6cc1\u306b\u8ffd\u3044\u8fbc\u307e\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\/32797\" data-type=\"post\" data-id=\"32797\">\u65e5\u672c\u56fd\u50b5\u306e\u6295\u3052\u58f2\u308a\u6025\u5897\u3001\u8ffd\u52a0\u5229\u4e0a\u3052\u304c\u306a\u3051\u308c\u3070\u65e5\u9280\u306e\u91cf\u7684\u7de9\u548c\u306f\u534a\u5e74\u3067\u7834\u7dbb\u3059\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32998\" data-type=\"post\" data-id=\"32998\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u65e5\u9280\u306e\u91cf\u7684\u7de9\u548c\u3092\u76ae\u8089\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8a00\u3046\u304c\u91d1\u5229\u4e0a\u6607\u306f\u682a\u4fa1\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u3002\u76ae\u8089\u306a\u306e\u306f\u3001\u65e5\u672c\u306b\u304a\u3044\u3066\u91d1\u5229\u3092\u4e0a\u3052\u3066\u682a\u4fa1\u3092\u4e0b\u843d\u3055\u305b\u3066\u3044\u308b\u5f35\u672c\u4eba\u304c\u30012021\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306e\u5929\u4e95\u3067\u300c\u8caf\u84c4\u304b\u3089\u6295\u8cc7\u3078\u300d\u306e\u639b\u3051\u58f0\u306e\u3082\u3068\u56fd\u6c11\u306b\u682a\u5f0f\u3092\u9ad8\u5024\u3065\u304b\u307f\u3055\u305b\u305f\u65e5\u672c\u653f\u5e9c\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27644\" data-type=\"post\" data-id=\"27644\">\u300c\u682a\u5f0f\u6295\u8cc7\u306f\u9577\u671f\u7684\u306b\u306f\u307b\u307c\u5132\u304b\u308b\u300d\u3068\u3044\u3046\u4e3b\u5f35\u304c\u5b8c\u5168\u306b\u9593\u9055\u3063\u3066\u3044\u308b\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5f7c\u3089\u81ea\u8eab\u304c\u9ad8\u91d1\u5229\u306b\u3088\u308a\u682a\u5f0f\u3092\u4e0b\u843d\u3055\u305b\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u3061\u306a\u307f\u306b\u65e5\u672c\u306e\u5229\u4e0a\u3052\u306f\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u3082\u5f15\u304d\u4e0b\u3052\u308b\u306e\u3067\u3001\u65e5\u672c\u4eba\u306e\u4fdd\u6709\u3057\u3066\u3044\u308b\u7c73\u56fd\u682a\u3082\u5186\u63db\u7b97\u3067\u6c88\u6ca1\u3059\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32025\" data-type=\"post\" data-id=\"32025\">\u65e5\u9280\u306e\u9577\u671f\u91d1\u5229\u306e\u5b9f\u8cea\u5229\u4e0a\u3052\u3092\u53d7\u3051\u3066\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3092\u958b\u59cb<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u307e\u3055\u306b\u3053\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u3001\u5f53\u305f\u308a\u524d\u306e\u3053\u3068\u3060\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u682a\u5f0f\u3088\u308a\u73fe\u91d1\u3060\u3068\u8a00\u3044\u59cb\u3081\u3066\u3044\u308b\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u975e\u5e38\u306b\u9762\u767d\u3044\u73fe\u8c61\u3067\u306f\u306a\u3044\u304b\u3002\u3061\u306a\u307f\u306b\u300c\u8caf\u84c4\u304b\u3089\u6295\u8cc7\u3078\u300d\u306e\u639b\u3051\u58f0\u3067\u56fd\u6c11\u306b\u682a\u5f0f\u3092\u9ad8\u5024\u3067\u63b4\u307e\u305b\u305f\u5cb8\u7530\u9996\u76f8\u306f\u30012022\u5e74\u306e\u4fdd\u6709\u8cc7\u7523\u516c\u958b\u306b\u3088\u308c\u3070\u3001\u682a\u5f0f\u3092\u4e00\u5207\u4fdd\u6709\u3057\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u4ee5\u4e0a\u8a00\u3046\u5fc5\u8981\u304c\u3042\u308b\u3060\u308d\u3046\u304b\u3002\u306f\u3063\u304d\u308a\u8a00\u3046\u304c\u3042\u306a\u305f\u304c\u305f\u306f\u81ea\u6c11\u515a\u306b\u9a19\u3055\u308c\u3066\u3044\u308b\u3002\u975e\u5e38\u306b\u982d\u306e\u826f\u3044\u65e5\u672c\u56fd\u6c11\u306e\u3053\u3068\u3060\u304b\u3089\u3001\u3042\u3068\u6570\u5341\u5e74\u3082\u3042\u308c\u3070\u9a19\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u6c17\u4ed8\u304f\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306eCNBC\u306b\u3088\u308b\u4eca\u5e74\u521d\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u30a4\u30f3\u30d5\u30ec\u304c\u4e16\u754c\u7d4c\u6e08\u3092\u8972\u3046\u4e2d\u3001\u4e16\u754c\u6700\u9ad8\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e1\u4eba\u304c\u65e5\u672c\u653f\u5e9c\u3084\u91d1\u878d\u5e81\u3068\u771f\u9006\u306e\u6295\u8cc7\u30a2\u30c9\u30d0 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33302\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u682a\u5f0f\u3088\u308a\u3082\u73fe\u91d1\u306e\u65b9\u304c\u9b45\u529b\u7684<\/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":[59,118,111,108],"tags":[102],"class_list":["post-33302","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33302","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=33302"}],"version-history":[{"count":44,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33302\/revisions"}],"predecessor-version":[{"id":33347,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33302\/revisions\/33347"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=33302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=33302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=33302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}