{"id":33849,"date":"2023-02-23T20:01:00","date_gmt":"2023-02-23T11:01:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=33849"},"modified":"2023-02-23T15:13:08","modified_gmt":"2023-02-23T06:13:08","slug":"%e3%83%9d%e3%83%bc%e3%83%ab%e3%82%bd%e3%83%b3%e6%b0%8f-%e9%ab%98%e9%87%91%e5%88%a9%e3%81%af%e5%b8%82%e5%a0%b4%e4%ba%88%e6%83%b3%e3%82%88%e3%82%8a%e9%95%b7%e3%81%8f%e7%b6%9a%e3%81%84%e3%81%a6%e7%b5%8c","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33849","title":{"rendered":"\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f: \u9ad8\u91d1\u5229\u306f\u5e02\u5834\u4e88\u60f3\u3088\u308a\u9577\u304f\u7d9a\u3044\u3066\u7d4c\u6e08\u30b7\u30e7\u30c3\u30af\u3092\u5f15\u304d\u8d77\u3053\u3059"},"content":{"rendered":"\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u3092\u7a7a\u58f2\u308a\u3057\u3066\u5927\u5132\u3051\u3057\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u304c\u3001\u30a2\u30e9\u30f3\u30fb\u30a8\u30eb\u30ab\u30f3\u6c0f\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u4eca\u5f8c\u306e\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u8a9e\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\/28719\" data-type=\"post\" data-id=\"28719\">\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306e\u7a7a\u58f2\u308a\u3067\u5927\u5132\u3051\u3057\u305f\u6642\u306e\u3053\u3068\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u9ad8\u91d1\u5229\u306b\u3064\u3044\u3066\u306f\u3001\u9577\u304f\u7d9a\u304f\u3068\u3044\u3046\u898b\u65b9\u3068\u3059\u3050\u306b\u5229\u4e0b\u3052\u306b\u8ee2\u63db\u3059\u308b\u3068\u3044\u3046\u898b\u65b9\u304c\u4ea4\u932f\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u4eca\u5f8c\u306e\u5229\u4e0a\u3052\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u5229\u4e0b\u3052\u6d3e\u306e\u7b46\u982d\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u6025\u843d\u3092\u4e88\u60f3\u7684\u4e2d\u3055\u305b\u3001\u5e74\u5185\u306e\u30c7\u30d5\u30ec\u4e88\u60f3\u3055\u3048\u3057\u3066\u3044\u308b\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32934\" data-type=\"post\" data-id=\"32934\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 2023\u5e74\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u30de\u30a4\u30ca\u30b9\u306b\u306a\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067\u5229\u4e0a\u3052\u7d99\u7d9a\u6d3e\u306e\u7b46\u982d\u306fCredit Suisse\u306e\u30be\u30eb\u30bf\u30f3\u30fb\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<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 (2022\/8\/8)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7d50\u5c40\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u63a8\u79fb\u306b\u3064\u3044\u3066\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u91d1\u5229\u306b\u3064\u3044\u3066\u306f\u53bb\u5e74\u590f\u306e\u6642\u70b9\u30675%\u3068\u3044\u3046\u6570\u5b57\u3092\u6301\u3061\u51fa\u3057\u305f\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u304c\u4e00\u756a\u6b63\u3057\u304b\u3063\u305f\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u306e\u304b\u3002\u5f7c\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>\u5229\u4e0a\u3052\u306e\u7d42\u308f\u308a\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3068\u601d\u3046\u3002\u5229\u4e0a\u3052\u306f\u3042\u3068\u6700\u5c0f\u30670.5%\u3001\u6700\u5927\u30671%\u3067\u3001\u4eca\u5f8c\u6570\u56de\u306e\u4f1a\u5408\u3067\u5229\u4e0a\u3052\u306f\u7d42\u4e86\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u7b56\u91d1\u5229\u306f4.50%\u3060\u304b\u3089\u3001\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u653f\u7b56\u91d1\u5229\u304c5%\u304b\u30895.5%\u307e\u3067\u306b\u4e0a\u304c\u308b\u3053\u3068\u3092\u60f3\u5b9a\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002\uff08\u3053\u308c\u3092\u53bb\u5e74\u306e\u590f\u306b\u5f53\u3066\u305f\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u3084\u306f\u308a\u5929\u624d\u7684\u306a\u5316\u7269\u306a\u306e\u3060\u304c\u3002\uff09<\/p>\n\n\n\n<p>\u305d\u3053\u307e\u3067\u306f\u73fe\u5728\u306e\u5e02\u5834\u306e\u7e54\u308a\u8fbc\u307f\u3068\u5927\u5dee\u306a\u3044\u3002\u3060\u304c\u30dd\u30fc\u30eb\u30bd\u30f3\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\">\n<p>\u305d\u3057\u3066\u91d1\u5229\u306f\u307b\u3068\u3093\u3069\u306e\u4eba\u304c\u60f3\u5b9a\u3057\u3066\u3044\u308b\u3088\u308a\u3082\u9577\u304f\u305d\u3053\u306b\u7559\u307e\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u591a\u304f\u306e\u4eba\u304c\u4eca\u5e74\u306e\u5f8c\u534a\u304b\u3089\u7de9\u548c\u3092\u60f3\u5b9a\u3057\u3066\u3044\u308b\u304c\u3001\u305d\u3046\u306a\u308b\u3068\u306f\u601d\u308f\u306a\u3044\u3002\u30a4\u30f3\u30d5\u30ec\u306f\u5e02\u5834\u306e\u60f3\u5b9a\u3088\u308a\u3082\u6839\u5f37\u304f\u306a\u308b\u3060\u308d\u3046\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u306f\u3001\u5168\u4f53\u3068\u3057\u3066\u306f9%\u304b\u30896%\u307e\u3067\u6025\u843d\u3057\u3066\u3044\u308b\u304c\u3001\u4e3b\u306b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u308b\u539f\u6cb9\u4fa1\u683c\u6025\u843d\u306e\u5f71\u97ff\u3067\u3042\u308a\u3001\u5f15\u304d\u7de0\u3081\u304c\u52b9\u304d\u306b\u304f\u3044\u4f4f\u5b85\u3084\u30b5\u30fc\u30d3\u30b9\u306e\u30a4\u30f3\u30d5\u30ec\u306f\u307e\u3060\u52a0\u901f\u3057\u305f\u307e\u307e\u3067\u3042\u308b\u3002\u8a73\u3057\u304f\u306f\u30a4\u30f3\u30d5\u30ec\u306e\u5185\u8a33\u3092\u89e3\u8aac\u3057\u305f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u53c2\u7167\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33565\" data-type=\"post\" data-id=\"33565\">1\u6708\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304c\u4e0d\u53ef\u80fd\u3067\u3042\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u539f\u6cb9\u4fa1\u683c\u4e0b\u843d\u306b\u3088\u308b\u30c7\u30d5\u30ec\u52b9\u679c\u304c\u7d42\u308f\u308b\u4eca\u5e74\u306e\u534a\u3070\u4ee5\u964d\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u6839\u5f37\u3055\u304c\u660e\u3089\u304b\u306b\u306a\u308b\u3068\u8e0f\u3093\u3067\u3044\u308b\u306e\u3060\u308d\u3046\u3002\u305d\u306e\u70b9\u3067\u306f\u7b46\u8005\u3084\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u540c\u3058\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u5229\u4e0b\u3052\u8ee2\u63db\u306f\u3044\u3064\u304b<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u30dd\u30fc\u30eb\u30bd\u30f3\u306f\u5229\u4e0b\u3052\u8ee2\u63db\u3092\u60f3\u5b9a\u3057\u3066\u3044\u306a\u3044\u306e\u304b\u3002\u305d\u3046\u3067\u306f\u306a\u3044\u3002\u5f7c\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>\u3060\u304b\u3089Fed\u306f\u3053\u308c\u304b\u3089\u6570\u56de\u306e\u4f1a\u5408\u30670.5%\u304b0.75%\u304b1%\u5229\u4e0a\u3052\u3057\u3066\u3001\u91d1\u5229\u3092\u305d\u306e\u6c34\u6e96\u306b\u4fdd\u3064\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u9ad8\u91d1\u5229\u306f\u7d4c\u6e08\u306b\u6df1\u523b\u306a\u30b7\u30e7\u30c3\u30af\u304c\u8a2a\u308c\u308b\u307e\u3067\u7d9a\u304d\u3001Fed\u306f\u7d4c\u6e08\u3092\u518d\u3073\u652f\u3048\u308b\u305f\u3081\u306b\u5229\u4e0b\u3052\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u3001\u91d1\u5229\u304c\u9ad8\u904e\u304e\u308b\u3053\u3068\u306b\u3088\u308b\u7d4c\u6e08\u6025\u843d\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u3068\u540c\u3058\u30b7\u30ca\u30ea\u30aa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<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>\n<\/ul>\n\n\n\n<p>\u305d\u3046\u306a\u308c\u3070\u3069\u3046\u306a\u308b\u304b\u3002\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u5177\u4f53\u7684\u306b\u306f\u6b21\u306e\u3088\u3046\u306a\u3053\u3068\u3092\u60f3\u5b9a\u3057\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>\u7d4c\u6e08\u304c\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3088\u308a\u843d\u3061\u8fbc\u3080\u304b\u3001\u5931\u696d\u304c\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3088\u308a\u5897\u3048\u308b\u304b\u3001\u682a\u4fa1\u304c\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3088\u308a\u4e0b\u843d\u3059\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3046\u306a\u308c\u3070\u3084\u306f\u308a\u3001\u682a\u4fa1\u306e\u4e0b\u843d\u306f\u907f\u3051\u3089\u308c\u306a\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\/33649\" data-type=\"post\" data-id=\"33649\">2023\u5e74\u306e\u682a\u4fa1\u4e88\u60f3: \u7c73\u56fd\u682a\u3068\u65e5\u672c\u682a\u306e\u7a7a\u58f2\u308a\u3092\u958b\u59cb\u3001\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u6709\u308a\u5f97\u306a\u3044<\/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\/2023\/02\/2023-2-23-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/02\/2023-2-23-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-33880\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/02\/2023-2-23-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/02\/2023-2-23-s-and-p-500-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u7d50\u5c40\u306e\u3068\u3053\u308d\u3001\u91d1\u5229\u304c\u4e0b\u304c\u308b\u304b\u3001\u91d1\u5229\u306f\u4e00\u6642\u7684\u306b\u9ad8\u304f\u7dad\u6301\u3055\u308c\u308b\u304c\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u3066\u304b\u3089\u91d1\u5229\u304c\u4e0b\u304c\u308b\u304b\u3001\u3069\u3061\u3089\u304b\u306a\u306e\u3067\u3042\u308b\u3002\u91d1\u5229\u306f\u3053\u306e\u8fba\u308a\u304c\u5929\u4e95\u3060\u3068\u3044\u3046\u9577\u671f\u306e\u76f8\u5834\u89b3\u306f\u63fa\u308b\u304c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u3068\u3057\u3066\u306f2\u5e74\u5185\u306e\u5229\u4e0b\u3052\u3092\u898b\u8fbc\u3093\u30672\u5e74\u7269\u56fd\u50b5\u3092\u8cb7\u3044\u6301\u3061\u306b\u3057\u3066\u3044\u308b\u4ee5\u524d\u306e\u5224\u65ad\u3092\u7dad\u6301\u3057\u305f\u3044\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>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3089\u3088\u308a\u306f\u591a\u5c11\u30bf\u30ab\u6d3e\u3067\u3042\u308b\u3002\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u304b\u3089\u3082\u305d\u308c\u307b\u3069\u96e2\u308c\u3066\u3044\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<p>2\u5e74\u7269\u56fd\u50b5\u306f\u4eca\u5f8c\u306e\u653f\u7b56\u91d1\u5229\u306e\u52d5\u5411\u3092\u5148\u56de\u308a\u3059\u308b\u3068\u306f\u8a00\u3046\u304c\u30012\u5e74\u3068\u306f\u306a\u304b\u306a\u304b\u306b\u9577\u3044\u671f\u9593\u3067\u3042\u308b\u3002\u91d1\u5229\u304c2\u5e74\u30825%\u3067\u7dad\u6301\u3055\u308c\u305f\u3089\u7d4c\u6e08\u304c\u3069\u3046\u306a\u308b\u304b\u60f3\u50cf\u3057\u3066\u307f\u3066\u307b\u3057\u3044\u3002\u305d\u308c\u304c\u4eca\u5f8c\u306e\u91d1\u5229\u3068\u30c9\u30eb\u3001\u305d\u3057\u3066\u682a\u4fa1\u306e\u52d5\u5411\u3092\u6c7a\u3081\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>\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0<\/strong><\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u5df7\u3067\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u3082\u4e00\u5fdc\u8a8d\u3081\u3066\u3044\u308b\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u4ed8\u3051\u52a0\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>\u3060\u304c\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306b\u306a\u308b\u5834\u5408\u3001\u3064\u307e\u308a\u666f\u6c17\u5f8c\u9000\u306b\u306f\u306a\u308b\u304c\u7de9\u3084\u304b\u306a\u5f8c\u9000\u3067\u3001\u5931\u696d\u7387\u304c3.5%\u304b\u30895%\u7a0b\u5ea6\u307e\u3067\u306b\u3057\u304b\u4e0a\u304c\u3089\u306a\u3044\u5834\u5408\u3001\u305d\u308c\u307b\u3069\u65e9\u3044\u5229\u4e0b\u3052\u306b\u306f\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u7b46\u8005\u306f\u305d\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u6709\u308a\u5f97\u308b\u3068\u306f\u8003\u3048\u3066\u3044\u306a\u3044\u3002\u91d1\u878d\u653f\u7b56\u304b\u8ca1\u653f\u653f\u7b56\u306e\u3069\u3061\u3089\u304b\u304c\u7d4c\u6e08\u3092\u52a9\u3051\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u3060\u304c\u91d1\u878d\u653f\u7b56\u306f\u9ad8\u91d1\u5229\u3001\u8ca1\u653f\u653f\u7b56\u306f\u4e0b\u9662\u3092\u91ce\u515a\u5171\u548c\u515a\u304c\u6291\u3048\u305f\u305f\u3081\u306b\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306f\u3042\u30682\u5e74\u3070\u3089\u6492\u304d\u3092\u884c\u3048\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u3046\u3061\u30b5\u30fc\u30d3\u30b9\u306a\u3069\u7d4c\u6e08\u306e\u4e2d\u5fc3\u306b\u4f4d\u7f6e\u3059\u308b\u8981\u7d20\u304cGDP\u3088\u308a\u3082\u5f37\u3044\u3068\u3044\u3046\u3053\u3068\u304c\u91cd\u8981\u3067\u3042\u308b\u3002GDP\u306f\u7de9\u3084\u304b\u3067\u306f\u3042\u308b\u304c\u7740\u5b9f\u306b\u6e1b\u901f\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33086\" data-type=\"post\" data-id=\"33086\">\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u78ba\u5b9f\u306b\u6e1b\u901f\u3057\u3066\u3044\u308b\u30012022\u5e744Q\u30a2\u30e1\u30ea\u30abGDP<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7d4c\u6e08\u306f\u30a4\u30f3\u30d5\u30ec\u3088\u308a\u5f31\u3044\u306e\u3067\u3042\u308b\u3002\u3067\u3042\u308c\u3070\u3001\u9ad8\u91d1\u5229\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u9000\u6cbb\u3059\u308b\u3068\u3044\u3046\u524d\u63d0\u306e\u3082\u3068\u3067\u306f\u3001\u7d4c\u6e08\u6210\u9577\u306f\u305d\u308c\u4ee5\u4e0a\u306b\u9000\u6cbb\u3055\u308c\u3066\u3057\u307e\u3046\u307b\u304b\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33649\" data-type=\"post\" data-id=\"33649\">2023\u5e74\u306e\u682a\u4fa1\u4e88\u60f3: \u7c73\u56fd\u682a\u3068\u65e5\u672c\u682a\u306e\u7a7a\u58f2\u308a\u3092\u958b\u59cb\u3001\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u6709\u308a\u5f97\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u9ad8\u91d1\u5229\u7dad\u6301\u306b\u3088\u308b\u7d4c\u6e08\u6e1b\u901f\u3001\u305d\u306e\u5f8c\u306e\u5229\u4e0b\u3052\u8ee2\u63db\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u4eca\u5e74\u5f8c\u534a\u306e\u5229\u4e0b\u3052\u3092\u8003\u3048\u3066\u3044\u308b\u3068\u3059\u308c\u3070\u3001\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306f\u6765\u5e74\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3053\u308c\u306f\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306e\u91d1\u4fa1\u683c\u4e0a\u6607\u4e88\u60f3\u306e\u30bf\u30a4\u30e0\u30d5\u30ec\u30fc\u30e0\u306b\u3082\u5f71\u97ff\u3059\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33735\" data-type=\"post\" data-id=\"33735\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f: \u30c9\u30eb\u304b\u3089\u306e\u96e2\u8131\u304c\u4eca\u306e\u30c8\u30ec\u30f3\u30c9\u3001\u8cc7\u91d1\u9003\u907f\u3067\u91d1\u4fa1\u683c\u4e0a\u6607\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u304c\u5229\u4e0b\u3052\u3088\u308a\u3082\u5148\u306b\u682a\u4fa1\u4e0b\u843d\u3092\u60f3\u5b9a\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u682a\u4fa1\u306e\u4e0b\u843d\u306f\u91d1\u4fa1\u683c\u306b\u3082\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u4e8b\u4f8b\u3092\u53c2\u7167\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/4454\" data-type=\"post\" data-id=\"4454\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u6025\u843d\u3057\u305f\u91d1\u4fa1\u683c\u3001\u4e0a\u6607\u3057\u305f\u7c73\u56fd\u50b5<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c2008\u5e74\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u306a\u304b\u3063\u305f\u304c\u3001\u73fe\u5728\u306e\u5e02\u5834\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u91d1\u4fa1\u683c\u3092\u5e95\u4e0a\u3052\u3057\u3066\u3044\u308b\u3002\u305d\u3053\u3092\u8003\u616e\u3059\u308c\u3070\u682a\u4fa1\u4e0b\u843d\u306e\u5834\u5408\u3082\u91d1\u76f8\u5834\u306f\u305d\u308c\u307b\u3069\u60aa\u304f\u306a\u3089\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u7b46\u8005\u306f\u3084\u306f\u308a\u30ea\u30b9\u30af\u30aa\u30d5\u3067\u3082\u5229\u76ca\u3068\u306a\u308b\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3092\u9078\u3073\u305f\u3044\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>\u5186\u306e\u5074\u3001\u3064\u307e\u308a\u65e5\u9280\u306e\u8a71\u3082\u3057\u305f\u3044\u306e\u3060\u304c\u3001\u306a\u304b\u306a\u304b\u6642\u9593\u304c\u306a\u3044\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\/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<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u3092\u7a7a\u58f2\u308a\u3057\u3066\u5927\u5132\u3051\u3057\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u304c\u3001\u30a2\u30e9\u30f3\u30fb\u30a8\u30eb\u30ab\u30f3\u6c0f\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u4eca\u5f8c\u306e\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002 \u30a2\u30e1\u30ea\u30ab\u306e\u9ad8\u91d1\u5229\u306b\u3064\u3044\u3066\u306f\u3001\u9577\u304f\u7d9a\u304f\u3068\u3044\u3046\u898b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33849\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f: \u9ad8\u91d1\u5229\u306f\u5e02\u5834\u4e88\u60f3\u3088\u308a\u9577\u304f\u7d9a\u3044\u3066\u7d4c\u6e08\u30b7\u30e7\u30c3\u30af\u3092\u5f15\u304d\u8d77\u3053\u3059<\/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":[118,59,111,108],"tags":[184],"class_list":["post-33849","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-us-stock-market","category-stock-markets","category-bond-markets","tag-john-paulson"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33849","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=33849"}],"version-history":[{"count":39,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33849\/revisions"}],"predecessor-version":[{"id":33889,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/33849\/revisions\/33889"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=33849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=33849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=33849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}