{"id":36802,"date":"2023-05-13T20:03:00","date_gmt":"2023-05-13T11:03:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=36802"},"modified":"2023-05-13T18:33:33","modified_gmt":"2023-05-13T09:33:33","slug":"%e3%83%89%e3%83%a9%e3%83%83%e3%82%b1%e3%83%b3%e3%83%9f%e3%83%a9%e3%83%bc%e6%b0%8f-%e3%81%82%e3%81%a8%e5%8d%8a%e5%b9%b4%e3%81%a7%e3%83%8f%e3%83%bc%e3%83%89%e3%83%a9%e3%83%b3%e3%83%87%e3%82%a3%e3%83%b3","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36802","title":{"rendered":"\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u3042\u3068\u534a\u5e74\u3067\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3001\u7c73\u56fd\u7d4c\u6e08\u306b\u6b7b\u4f53\u304c\u7a4d\u307f\u4e0a\u304c\u308b"},"content":{"rendered":"\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u7528\u3057\u3066\u3044\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304cFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304c\u8d77\u3053\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u53f2\u4e0a\u6700\u5927\u306e\u8cc7\u7523\u30d0\u30d6\u30eb<\/strong><\/p>\n\n\n\n<p>\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u30022008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u306b\u59cb\u307e\u3063\u305f\u30bc\u30ed\u91d1\u5229\u3068\u91cf\u7684\u7de9\u548c\u3068\u3044\u3046\u540d\u306e\u7d19\u5e63\u5370\u5237\u653f\u7b56\u306f\u3001\u4e2d\u592e\u9280\u884c\u306e\u7de9\u548c\u304c\u3042\u308b\u72b6\u614b\u304c\u5f53\u305f\u308a\u524d\u3060\u3068\u3044\u3046\u610f\u8b58\u3092\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u690d\u3048\u4ed8\u3051\u305f\u3002<\/p>\n\n\n\n<p>\u66f4\u306b\u306f\u30b3\u30ed\u30ca\u5f8c\u306b\u4e16\u754c\u4e2d\u3067\u73fe\u91d1\u7d66\u4ed8\u304c\u884c\u308f\u308c\u3001\u7279\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u306f\u672a\u66fe\u6709\u306e\u898f\u6a21\u306e\u8cc7\u91d1\u304c\u6d41\u308c\u8fbc\u307f\u3001\u305d\u3057\u3066\u4e16\u754c\u7684\u306a\u7269\u4fa1\u9ad8\u9a30\u304c\u8d77\u3053\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\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\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33890\" data-type=\"post\" data-id=\"33890\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f: \u91cf\u7684\u7de9\u548c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u3063\u3066\u91d1\u878d\u5e02\u5834\u306e\u72b6\u6cc1\u306f\u4e00\u5909\u3057\u305f\u3002Fed\u306f\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306b\u5927\u898f\u6a21\u306a\u7de9\u548c\u653f\u7b56\u304b\u3089\u4e00\u8ee2\u3057\u3066\u5927\u898f\u6a21\u306a\u5f15\u304d\u7de0\u3081\u653f\u7b56\u3092\u5f37\u3044\u3089\u308c\u3001\u3082\u306f\u3084\u7de9\u548c\u653f\u7b56\u306f\u51fa\u6765\u306a\u304f\u306a\u3063\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f2022\u5e74\u304b\u3089\u306e\u5f15\u304d\u7de0\u3081\u3067\u4e0b\u304c\u3063\u3066\u304d\u3066\u306f\u3044\u308b\u304c\u3001\u7de9\u548c\u3092\u3059\u308b\u3068\u30a4\u30f3\u30d5\u30ec\u304c\u518d\u767a\u3059\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u3053\u306e\u72b6\u6cc1\u306b\u3064\u3044\u3066\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>\u4eca\u306e\u72b6\u6cc1\u306f\u308f\u305f\u3057\u304c\u898b\u305f\u4e2d\u3001\u3042\u308b\u3044\u306f\u7814\u7a76\u3057\u305f\u4e2d\u3067\u6700\u5927\u304b\u3064\u3082\u3063\u3068\u3082\u5e83\u7bc4\u56f2\u306a\u8cc7\u7523\u30d0\u30d6\u30eb\u3067\u3001\u305d\u308c\u306f10\u5e74\u304b11\u5e74\u7d9a\u304d\u3001\u30d5\u30a3\u30ca\u30fc\u30ec\u3068\u3057\u3066\u30b3\u30ed\u30ca\u5f8c\u306b\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306f5\u5146\u30c9\u30eb\u3092\u652f\u51fa\u3057\u3001Fed\u306f\u305d\u306e60%\u3092\u878d\u901a\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u4eca\u3084\u5927\u5e45\u306a\u5229\u4e0a\u3052\u304c\u884c\u308f\u308c\u3066\u3044\u308b\u3002\u3053\u308c\u3089\u306e\u8981\u7d20\u3068\u30011950\u5e74\u4ee5\u6765\u6570\u3048\u308b\u307b\u3069\u3057\u304b\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u8d77\u3053\u3063\u3066\u3044\u306a\u3044\u3053\u3068\u3001\u305d\u3057\u3066\u305d\u308c\u3089\u306f\u3059\u3079\u3066Fed\u304c\u4e8b\u524d\u306b\u5bfe\u51e6\u3057\u305f\u7d50\u679c\u3067\u3042\u3063\u305f\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304c\u3042\u308a\u5f97\u308b\u3068\u8003\u3048\u308b\u3053\u3068\u306f\u56f0\u96e3\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>Fed\u306f\u3082\u306f\u3084\u4e8b\u524d\u306b\u5bfe\u51e6\u3067\u304d\u306a\u3044\u3002\u3082\u3057\u304b\u3059\u308b\u3068\u4e8b\u5f8c\u306b\u3082\u5bfe\u51e6\u3067\u304d\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u58ca\u6ec5\u72b6\u614b\u306b\u9665\u3063\u305f\u3068\u3057\u3066\u3082\u3001\u305d\u306e\u3068\u304d\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u3068\u306f\u9650\u3089\u306a\u3044\u3002\u3082\u3057\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u3063\u3066\u3044\u306a\u3051\u308c\u3070\u3001Fed\u306f\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306b\u5f15\u304d\u7de0\u3081\u3092\u7d9a\u3051\u3066\u65e2\u306b\u58ca\u6ec5\u72b6\u614b\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u66f4\u306b\u58ca\u6ec5\u7684\u306b\u3059\u308b\u306e\u304b\u3001\u3042\u308b\u3044\u306f\u7d4c\u6e08\u6210\u9577\u7387\u3092\u6551\u3046\u305f\u3081\u306b\u7de9\u548c\u3092\u3057\u3066\u65e2\u306b\u8d77\u3053\u3063\u3066\u3044\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u706b\u306b\u6cb9\u3092\u6ce8\u3050\u306e\u304b\u306e\u9078\u629e\u3092\u5f37\u3044\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u717d\u3063\u305f\u653f\u6cbb\u5bb6\u305f\u3061\u306e\u53e3\u304b\u3089\u306f\u8a9e\u3089\u308c\u306a\u304b\u3063\u305f\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u610f\u5473\u3067\u3042\u308b\u3002\u3064\u307f\u305f\u3066NISA\u3082\u305d\u3046\u3060\u304c\u3001\u8a50\u6b3a\u5e2b\u304c\u4e8b\u524d\u306b\u30ea\u30b9\u30af\u3092\u8aac\u660e\u3059\u308b\u3053\u3068\u306f\u306a\u3044\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\/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><strong>\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u30bf\u30a4\u30df\u30f3\u30b0<\/strong><\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u4e0d\u53ef\u907f\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u3060\u304c\u305d\u308c\u81ea\u4f53\u306f\u7b46\u8005\u304c2021\u5e74\u306b\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3063\u305f\u3068\u304d\u304b\u3089\u305a\u3063\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3053\u3068\u3060\u3002\u7b46\u8005\u304c\u4e0d\u6cc1\u524d\u306b\u8d77\u304d\u308b\u30a2\u30e1\u30ea\u30ab\u56fd\u50b5\u306e\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u3092\u4e88\u60f3\u3057\u3001\u305d\u308c\u3092\u7684\u4e2d\u3055\u305b\u305f\u306e\u306f\u3082\u30461\u5e74\u3082\u524d\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/22559\" data-type=\"post\" data-id=\"22559\">\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u3092\u4e88\u6e2c\u3067\u304d\u305f\u7406\u7531\u3068\u4eca\u5f8c\u306e\u4e0d\u6cc1\u3068\u682a\u4fa1\u66b4\u843d\u306b\u3064\u3044\u3066<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u5de8\u5927\u306a\u30d0\u30d6\u30eb\u306f\u5f90\u3005\u306b\u3057\u304b\u5d29\u58ca\u3057\u306a\u3044\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3082\u4f4f\u5b85\u4fa1\u683c\u306e\u4e0b\u843d\u3068\u3044\u3046\u7d42\u308f\u308a\u306e\u59cb\u307e\u308a\u304b\u3089\u5b8c\u5168\u306a\u5d29\u58ca\u307e\u30672\u5e74\u304b\u304b\u3063\u305f\u3002\u7d4c\u6e08\u5371\u6a5f\u306e\u6b74\u53f2\u3092\u632f\u308a\u8fd4\u308b\u3068\u3001\u30b7\u30e7\u30c3\u30af\u3068\u8a00\u3063\u3066\u3082\u4e00\u77ac\u3067\u8d77\u3053\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u304b\uff1f\u3000\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>\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u306f\u3001\u305d\u308c\u304c\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u3068\u3044\u3046\u3053\u3068\u3088\u308a\u3082\u4e0d\u78ba\u5b9f\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3059\u3079\u3066\u306e\u72b6\u6cc1\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u4eca\u5e74\u306e\u7b2c4\u56db\u534a\u671f\u304b\u3089\u6765\u5e74\u306e\u7b2c\uff11\u56db\u534a\u671f\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3053\u308c\u304b\u3089\u534a\u5e74\u307b\u3069\u3068\u3044\u3063\u305f\u3068\u3053\u308d\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3068\u4eca\u5f8c\u306e\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u307e\u3060\u6642\u9593\u304c\u304b\u304b\u308b\u7406\u7531\u306f\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u5f71\u97ff\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u4e00\u90e8\u306b\u306f\u65e2\u306b\u6df1\u523b\u306a\u72b6\u614b\u3068\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u5f71\u97ff\u3092\u53d7\u3051\u308b\u307e\u3067\u306b\u307e\u3060\u6642\u9593\u304c\u304b\u304b\u308b\u30bb\u30af\u30bf\u30fc\u3082\u3042\u308a\u3001\u7d4c\u6e08\u304c\u3044\u3073\u3064\u306a\u72b6\u614b\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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\">\n<p>\u30c7\u30fc\u30bf\u306f\u5f37\u5f31\u5165\u308a\u6df7\u3058\u3063\u3066\u3044\u308b\u3002\u4f4f\u5b85\u5e02\u5834\u306f\u6b74\u53f2\u7684\u306b\u306f\u7d4c\u6e08\u5168\u4f53\u306e\u5148\u884c\u6307\u6a19\u3060\u304c\u3001\u305d\u308c\u306f\u5341\u5206\u306b\u5f37\u3044\u3002\u30ec\u30b9\u30c8\u30e9\u30f3\u3084\u65c5\u884c\u3082\u5341\u5206\u306b\u5f37\u3044\u3002\u3060\u304c\u4f8b\u3048\u3070\u30c8\u30e9\u30c3\u30af\u8f38\u9001\u306f6\u30f6\u6708\u304b\u30898\u30f6\u6708\u307b\u3069\u65e9\u3044\u5148\u884c\u6307\u6a19\u3068\u3057\u3066\u308f\u305f\u3057\u306e\u4f1a\u793e\u306e\u5275\u696d\u4ee5\u6765\u7d4c\u6e08\u4e88\u60f3\u306b\u5f79\u7acb\u3063\u3066\u304d\u305f\u304c\u3001\u305d\u308c\u306f\u6975\u3081\u3066\u5f31\u3044\u3002\u5c0f\u58f2\u304b\u3089\u306f\u975e\u5e38\u306b\u60aa\u3044\u30cb\u30e5\u30fc\u30b9\u304c\u805e\u3053\u3048\u3066\u304f\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u9280\u884c\u306e\u554f\u984c\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4e00\u756a\u60b2\u9cf4\u3092\u4e0a\u3052\u3066\u3044\u308b\u306e\u306f\u5730\u65b9\u9280\u884c\u3060\u308d\u3046\u3002\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306b\u59cb\u307e\u308a\u3001\u3082\u3046\u3044\u304f\u3064\u3082\u306e\u9280\u884c\u304c\u7834\u7dbb\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\/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>\u6700\u521d\u304c\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u3060\u3063\u305f\u3053\u3068\u306b\u306f\u6050\u3089\u304f\u610f\u5473\u304c\u3042\u308b\u3002\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u306b\u306f\u30bc\u30ed\u91d1\u5229\u306b\u3042\u3050\u3089\u3092\u304b\u3044\u3066\u5229\u76ca\u3092\u6c38\u9060\u306b\u51fa\u3059\u6c17\u304c\u306a\u304b\u3063\u305f\u8d64\u5b57\u4f01\u696d\u304c\u5927\u91cf\u306b\u3044\u3066\u3001\u501f\u91d1\u3067\u5ef6\u547d\u3055\u308c\u3066\u3044\u305f\u304c\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u501f\u91d1\u304c\u51fa\u6765\u306a\u304f\u306a\u3063\u3066\u6b7b\u3093\u3060\u306e\u3067\u3042\u308b\u3002\u305d\u3046\u3057\u305f\u4f01\u696d\u304c\u9810\u91d1\u3092\u5f15\u304d\u51fa\u3057\u305f\u306e\u3067\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u3082\u6b7b\u3093\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u4ee5\u6765\u7a4d\u307f\u4e0a\u3052\u3089\u308c\u305f\u30be\u30f3\u30d3\u4f01\u696d\u3092\u5927\u6383\u9664\u3059\u308b\u904e\u7a0b\u306a\u306e\u3067\u3042\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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>\u8cc7\u91d1\u304c\u3042\u3075\u308c\u304b\u3048\u308b\u3068\u4eba\u3005\u306f\u99ac\u9e7f\u3052\u305f\u3053\u3068\u3092\u3059\u308b\u3002\u8cc7\u91d1\u304c11\u5e74\u3082\u3042\u3075\u308c\u304b\u3048\u308b\u3068\u4eba\u3005\u306f\u672c\u5f53\u306b\u99ac\u9e7f\u3052\u305f\u3053\u3068\u3092\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u6c34\u9762\u4e0b\u3067\u306f\u305d\u308c\u304c\u59cb\u307e\u3063\u3066\u3044\u308b\u3002\u5730\u65b9\u9280\u884c\u304c\u826f\u3044\u4f8b\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4e00\u90e8\u306e\u4eba\u306f\u9280\u884c\u5371\u6a5f\u304c\u3082\u3046\u7d42\u308f\u3063\u305f\u3068\u562f\u3044\u3066\u3044\u308b\u3002\u3060\u304c\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u4e0d\u5409\u306a\u4e88\u60f3\u3092\u53e3\u306b\u3057\u3066\u3044\u308b\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\u304c\u6b7b\u4f53\u306f\u3082\u3063\u3068\u7a4d\u307f\u4e0a\u304c\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u308c\u306f\u4ee5\u524d\u304b\u3089\u5206\u304b\u3063\u3066\u3044\u305f\u3002\u3060\u304c\u305d\u308d\u305d\u308d\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u4e88\u60f3\u3059\u308b\u6642\u671f\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u7528\u3057\u3066\u3044\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304cFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304c\u8d77\u3053\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\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":[59,118,111,108],"tags":[130],"class_list":["post-36802","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-stanley-druckenmiller"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/36802","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=36802"}],"version-history":[{"count":5,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/36802\/revisions"}],"predecessor-version":[{"id":36807,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/36802\/revisions\/36807"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=36802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=36802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=36802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}