{"id":35667,"date":"2023-04-12T20:02:00","date_gmt":"2023-04-12T11:02:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=35667"},"modified":"2023-04-12T14:24:26","modified_gmt":"2023-04-12T05:24:26","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e9%8a%80%e8%a1%8c%e5%8d%b1%e6%a9%9f%e5%be%8c%e3%81%ab%e4%b8%ad%e5%b0%8f%e4%bc%81%e6%a5%ad%e3%81%af%e3%81%8a%e9%87%91%e3%81%8c%e5%80%9f","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35667","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u9280\u884c\u5371\u6a5f\u5f8c\u306b\u4e2d\u5c0f\u4f01\u696d\u306f\u304a\u91d1\u304c\u501f\u308a\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u3044\u308b"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u5f8c\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u9280\u884c\u306e\u878d\u8cc7\u306e\u72b6\u6cc1\u306b\u3064\u3044\u3066Twitter\u3067\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u308b\u4e2d\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u5c0f\u4f01\u696d\u306f\u305d\u3082\u305d\u3082\u304a\u91d1\u304c\u501f\u308a\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u3057\u307e\u3046\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u306e\u5f71\u97ff<\/strong><\/p>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u305f\u901a\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u5236\u3059\u308b\u305f\u3081\u306eFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u5229\u4e0a\u3052\u306b\u3088\u3063\u3066\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306f\u7834\u7dbb\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34498\" data-type=\"post\" data-id=\"34498\">\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u6c7a\u7b97\u66f8\u304b\u3089\u7834\u7dbb\u306e\u7406\u7531\u3092\u89e3\u8aac\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u73fe\u91d1\u3092\u304b\u304d\u96c6\u3081\u3088\u3046\u3068\u3057\u305f\u3082\u306e\u306e\u3001\u58f2\u5374\u53ef\u80fd\u306a\u50b5\u5238\u3092\u3059\u3079\u3066\u58f2\u3063\u3066\u3082\u73fe\u91d1\u3092\u78ba\u4fdd\u3067\u304d\u306a\u304b\u3063\u305f\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u524d\u4f8b\u3092\u898b\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5730\u65b9\u9280\u884c\u304c\u3069\u3046\u3059\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u91d1\u878d\u5e02\u5834\u3067\u6ce8\u76ee\u3055\u308c\u3066\u3044\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u73fe\u91d1\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3067\u9280\u884c\u304c\u4e00\u756a\u3084\u308a\u305d\u3046\u306a\u3053\u3068\u306f\u3001\u8cb8\u3057\u6e0b\u308a\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u7136\u306a\u304c\u3089\u304a\u91d1\u3092\u8cb8\u3055\u306a\u3051\u308c\u3070\u9280\u884c\u306f\u73fe\u91d1\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u5f8c\u3001\u9280\u884c\u3068\u3057\u3066\u306f\u5f53\u7136\u306e\u9078\u629e\u80a2\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u304c\u7834\u7dbb\u3057\u305f\u305d\u3082\u305d\u3082\u306e\u7406\u7531\u304c\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u305f\u3061\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u8cc7\u91d1\u8abf\u9054\u306b\u56f0\u3063\u3066\u3044\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u308c\u3067\u304a\u91d1\u3092\u5f15\u304d\u51fa\u3055\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308a\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u304b\u3089\u73fe\u91d1\u304c\u6d41\u51fa\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u72b6\u6cc1\u3067\u9280\u884c\u304c\u304a\u91d1\u3092\u66f4\u306b\u8cb8\u3055\u306a\u304f\u306a\u308c\u3070\u3069\u3046\u306a\u308b\u304b\uff1f\u3000\u9280\u884c\u306e\u9810\u91d1\u8005\u3067\u3042\u308b\u4e2d\u5c0f\u4f01\u696d\u306b\u306f\u66f4\u306b\u304a\u91d1\u304c\u306a\u304f\u306a\u308a\u3001\u5f7c\u3089\u306f\u66f4\u306b\u9810\u91d1\u3092\u5f15\u304d\u51fa\u3055\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u9280\u884c\u5371\u6a5f\u306e\u8ca0\u306e\u30b9\u30d1\u30a4\u30e9\u30eb<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3053\u308c\u3089\u306f\u5358\u306b\u7406\u8ad6\u4e0a\u306e\u8a71\u3067\u3042\u308b\u3002\u7406\u8ad6\u306f\u30c7\u30fc\u30bf\u3067\u88cf\u4ed8\u3051\u3055\u308c\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u5f8c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u5c0f\u4f01\u696d\u306b\u5bfe\u3059\u308b\u878d\u8cc7\u306e\u72b6\u6cc1\u306f\u5b9f\u969b\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u30c4\u30a4\u30fc\u30c8\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>NFIB\u4e2d\u5c0f\u4f01\u696d\u5411\u3051\u4fe1\u7528\u72b6\u6cc1\u6307\u6570\u304c\u6025\u843d\u3057\u3066\u3044\u308b\uff08\u6700\u8fd1\u306e\u9280\u884c\u7834\u7dbb\u3092\u8003\u3048\u308c\u3070\u5f53\u7136\u3060\uff09\u3002\u6307\u6570\u306f\u4eca\u30842007\u5e74\u5f8c\u534a\u304b\u30892008\u5e74\u524d\u534a\u306e\u6c34\u6e96\u307e\u3067\u843d\u3061\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>NFIB\u306e\u4e2d\u5c0f\u4f01\u696d\u5411\u3051\u4fe1\u7528\u72b6\u6cc1\u6307\u6570\u3068\u306f\u3001\u5229\u7528\u53ef\u80fd\u306a\u4e2d\u5c0f\u4f01\u696d\u5411\u3051\u306e\u30ed\u30fc\u30f3\u304c\u3069\u308c\u3060\u3051\u3042\u308b\u304b\u3092\u793a\u3057\u305f\u3082\u306e\u3067\u3001NFIB\u306e\u30ec\u30dd\u30fc\u30c8\u304b\u3089\u305d\u306e\u30b0\u30e9\u30d5\u3092\u5f15\u7528\u3059\u308b\u3068\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\/04\/2023-mar-nfib-small-business-credit-conditions-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"765\" height=\"483\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-mar-nfib-small-business-credit-conditions-chart.png\" alt=\"\" class=\"wp-image-35672\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-mar-nfib-small-business-credit-conditions-chart.png 765w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-mar-nfib-small-business-credit-conditions-chart-300x189.png 300w\" sizes=\"auto, (max-width: 765px) 100vw, 765px\" \/><\/a><figcaption class=\"wp-element-caption\">\u51fa\u5178: NFIB<\/figcaption><\/figure>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u5c0f\u4f01\u696d\u306f\u7740\u5b9f\u306b\u878d\u8cc7\u306b\u3042\u308a\u3064\u3051\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u306e\u3060\u304b\u3089\u5f53\u7136\u3067\u3042\u308b\u3002\u878d\u8cc7\u306e\u6e1b\u5c11\u3068\u9810\u91d1\u306e\u6e1b\u5c11\u306f\u307b\u3068\u3093\u3069\u540c\u7fa9\u3067\u3042\u308b\u3002\u9810\u91d1\u3068\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u307b\u307c\u540c\u7fa9\u3060\u304b\u3089\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u5236\u3059\u308b\u305f\u3081\u306b\u5e02\u4e2d\u306e\u8cc7\u91d1\u91cf\uff08\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\uff09\u3092\u6291\u5236\u3059\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u9280\u884c\u304b\u3089\u9810\u91d1\u304c\u306a\u304f\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e0a\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u308c\u3070\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u6307\u6458\u901a\u308a\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u76f4\u524d\u306e2007\u5e74\u5f8c\u534a\u304b\u30892008\u5e74\u524d\u534a\u306e\u6c34\u6e96\u307e\u3067\u843d\u3061\u8fbc\u3093\u3067\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3002<\/p>\n\n\n\n<p>2008\u5e74\u306e\u5927\u5e95\u307e\u3067\u843d\u3061\u8fbc\u3093\u3067\u3044\u306a\u3044\u306e\u306f\u30012023\u5e74\u7248\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u304c\u307e\u3060\u8d77\u304d\u3066\u3044\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002\u9280\u884c\u306f\u5371\u6a5f\u304c\u660e\u3089\u304b\u306b\u306a\u3063\u3066\u304b\u3089\u878d\u8cc7\u3092\u6b62\u3081\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u300c\u5e95\u5024\u307e\u3067\u307e\u3060\u884c\u3063\u3066\u3044\u306a\u3044\u304b\u3089\u5927\u4e08\u592b\u3060\u300d\u3068\u3044\u3046\u8b70\u8ad6\u306f\u6210\u308a\u7acb\u305f\u306a\u3044\u3002\u300c\u3069\u3053\u307e\u3067\u72b6\u6cc1\u304c\u60aa\u304f\u306a\u308c\u3070\u58f2\u308b\u304b\u300d\u3068\u805e\u304b\u308c\u305f\u6642\u306e\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u56de\u7b54\u3092\u3082\u3046\u4e00\u5ea6\u8f09\u305b\u3066\u304a\u3053\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/22181\" data-type=\"post\" data-id=\"22181\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u3078\u306e\u8cea\u554f: \u3069\u308c\u307b\u3069\u72b6\u6cc1\u304c\u60aa\u304f\u306a\u308c\u3070\u81ea\u5206\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u58f2\u308b\u304b<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u8cea\u554f\u306f\u300c\u72b6\u6cc1\u304c\u3069\u308c\u3060\u3051\u826f\u3051\u308c\u3070\u300d\u306e\u9593\u9055\u3044\u3060\u308d\u3046\u3002\u72b6\u6cc1\u304c\u672c\u5f53\u306b\u9177\u3051\u308c\u3070\u3001\u5e95\u5024\u3067\u58f2\u308a\u305f\u304f\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304b\u3089\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u76f4\u524d\u306e\u6c34\u6e96\u307e\u3067\u4fe1\u7528\u72b6\u6cc1\u304c\u60aa\u5316\u3057\u3066\u3044\u3066\u3001\u3057\u304b\u3082\u682a\u4fa1\u304c\u307e\u3060\u305d\u308c\u307b\u3069\u843d\u3061\u3066\u3044\u306a\u3044\u4eca\u306e\u72b6\u6cc1\u306f\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u6700\u60aa\u3060\u3068\u8a00\u3048\u308b\u3002\u672c\u5f53\u306b\u72b6\u6cc1\u304c\u6700\u60aa\u306b\u306a\u308c\u3070\u305d\u308c\u306f\u8cb7\u3044\u5834\u3060\u304b\u3089\u3067\u3042\u308b\u3002\u3060\u304c\u4eca\u72b6\u6cc1\u306f\u300c\u8cb7\u3044\u5834\u300d\u306b\u5411\u304b\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4f55\u306e\u6839\u62e0\u3082\u306a\u3044\u5e02\u5834\u3068\u653f\u5e9c\u95a2\u4fc2\u8005\u306e\u697d\u89b3<\/strong><\/p>\n\n\n\n<p>\u3042\u3089\u3086\u308b\u8a3c\u62e0\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u666f\u6c17\u5f8c\u9000\u306b\u5411\u304b\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3002\u682a\u4fa1\u306f\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u3092\u7d9a\u3051\u3066\u304a\u308a\u3001\u50b5\u5238\u5e02\u5834\u306e\u50b5\u5238\u5229\u56de\u308a\u306f\u304b\u306a\u308a\u53b3\u3057\u3044\u666f\u6c17\u5f8c\u9000\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3002\u4f4f\u5b85\u4fa1\u683c\u306f\u4e0b\u843d\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35621\" data-type=\"post\" data-id=\"35621\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306e\u96c7\u7528\u306f\u5f31\u304f\u666f\u6c17\u5f8c\u9000\u306f\u8fd1\u3065\u3044\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>PMI\u306e\u3088\u3046\u306a\u5c06\u6765\u306b\u95a2\u3059\u308b\u4eca\u9031\u306e\u6570\u5b57\u3092\u898b\u308c\u3070\u3001\u975e\u5e38\u306b\u5f31\u3044\u6570\u5b57\u3068\u306a\u3063\u3066\u3044\u308b\u3002\u65b0\u3057\u3044\u5b63\u7bc0\u8abf\u6574\u306e\u9069\u7528\u3055\u308c\u305f\u5931\u696d\u4fdd\u967a\u7533\u8acb\u8005\u6570\u3092\u898b\u308c\u3070\u3001\u4ee5\u524d\u3088\u308a\u5927\u5e45\u306b\u5f31\u304f\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3002\u6c42\u4eba\u306e\u6570\u306f\u4e0b\u304c\u3063\u3066\u304d\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u8ad6\u7406\u3068\u30c7\u30fc\u30bf\u306e\u4e21\u65b9\u304c\u9280\u884c\u5371\u6a5f\u306e\u7d99\u7d9a\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3002\u4f8b\u3048\u3070Fed\u306e\u524d\u8b70\u9577\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u3067\u3042\u308b\u8ca1\u52d9\u9577\u5b98\u306e\u30b8\u30e3\u30cd\u30c3\u30c8\u30fb\u30a4\u30a8\u30ec\u30f3\u6c0f\u3067\u3042\u308c\u3070\u3001\u3053\u3046\u3057\u305f\u72b6\u6cc1\u306b\u3064\u3044\u3066\u6df1\u3044\u6d1e\u5bdf\u3092\u6301\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002\u5f7c\u5973\u306f\u6628\u65e5\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>\u4fe1\u7528\u7e2e\u5c0f\u306f\u53ef\u80fd\u6027\u306e1\u3064\u3067\u306f\u3042\u308b\u304c\u3001\u305d\u308c\u304c\u8d77\u304d\u3066\u3044\u308b\u3068\u3044\u3046\u8a3c\u62e0\u306f\u307e\u3060\u898b\u3066\u3044\u306a\u3044\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u9280\u884c\u30b7\u30b9\u30c6\u30e0\u306f\u5f37\u3044\u307e\u307e\u3060\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u660e\u3089\u304b\u306b\u6975\u3081\u3066\u826f\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u666f\u6c17\u306e\u6e1b\u901f\u306f\u4e88\u60f3\u3057\u3066\u3044\u306a\u3044\u3002\u52ff\u8ad6\u30ea\u30b9\u30af\u306f\u3042\u308b\u304c\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u653f\u5e9c\u95a2\u4fc2\u8005\u306f\u672c\u5f53\u306b\u3082\u3046\u99c4\u76ee\u306a\u306e\u3060\u3068\u8a00\u308f\u3056\u308b\u3092\u5f97\u306a\u3044\u3002\u5f7c\u3089\u3053\u305d\u672c\u5f53\u306b\u7d4c\u6e08\u4e88\u60f3\u306b\u95a2\u3057\u3066\u300c\u660e\u3089\u304b\u306b\u6975\u3081\u3066\u826f\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u300d\u3092\u53e9\u304d\u51fa\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\/35636\" data-type=\"post\" data-id=\"35636\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u7d4c\u6e08\u4e88\u60f3\u3092\u9593\u9055\u3044\u7d9a\u3051\u3066\u3044\u308b\u4e2d\u592e\u9280\u884c\u306f\u81ea\u5206\u63a2\u3057\u306e\u65c5\u306b\u51fa\u308b\u3079\u304d<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u682a\u5f0f\u5e02\u5834\u3082\u30a4\u30a8\u30ec\u30f3\u6c0f\u3068\u540c\u3058\u610f\u898b\u306e\u3088\u3046\u3067\u3042\u308b\u30023\u6708\u306e\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u304b\u3089\u306e\u5024\u52d5\u304d\u3092\u898b\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-4-12-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-4-12-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-35685\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-4-12-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/04\/2023-4-12-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u307e\u3042\u597d\u304d\u306b\u8003\u3048\u308c\u3070\u826f\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3002\u5f7c\u3089\u304c\u4f55\u3092\u8003\u3048\u3088\u3046\u304c\u7b46\u8005\u306b\u306f\u3069\u3046\u3067\u3082\u826f\u3044\u3053\u3068\u3067\u3042\u308b\u3002\u9811\u5f35\u3063\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\/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","protected":false},"excerpt":{"rendered":"<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u5f8c\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u9280\u884c\u306e\u878d\u8cc7\u306e\u72b6\u6cc1\u306b\u3064\u3044\u3066Twitter\u3067\u8a9e\u3063\u3066\u3044\u308b\u3002 \u91d1\u5229\u304c\u9ad8\u6b62\u307e\u308a\u3057\u3066\u3044\u308b\u4e2d\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u5c0f\u4f01\u696d\u306f\u305d\u3082\u305d\u3082\u304a\u91d1\u304c &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35667\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u9280\u884c\u5371\u6a5f\u5f8c\u306b\u4e2d\u5c0f\u4f01\u696d\u306f\u304a\u91d1\u304c\u501f\u308a\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u3044\u308b<\/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":[131],"class_list":["post-35667","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/35667","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=35667"}],"version-history":[{"count":27,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/35667\/revisions"}],"predecessor-version":[{"id":35696,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/35667\/revisions\/35696"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=35667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=35667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=35667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}