{"id":37011,"date":"2023-05-23T20:00:00","date_gmt":"2023-05-23T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=37011"},"modified":"2023-05-23T18:55:10","modified_gmt":"2023-05-23T09:55:10","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-%e4%bb%8a%e5%be%8c10%e5%b9%b4%e3%81%ae%e6%a0%aa%e5%bc%8f%e5%b8%82%e5%a0%b4%e3%81%af%e3%83%90%e3%82%a4%e3%82%a2","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37011","title":{"rendered":"\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u4eca\u5f8c10\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306f\u30d0\u30a4\u30a2\u30f3\u30c9\u30db\u30fc\u30eb\u30c9\u3067\u306f\u52dd\u3066\u306a\u3044"},"content":{"rendered":"\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\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\u304c\u3001Sohn Conference\u3067\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u4eca\u5f8c10\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u4eca\u5f8c10\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u4ee5\u524d\u306b\u3082\u5831\u3058\u305f\u304c\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u4eca\u5f8c\u306e\u9577\u671f\u7684\u306a\u682a\u5f0f\u5e02\u5834\u306e\u898b\u901a\u3057\u306b\u5f31\u6c17\u3067\u3042\u308b\u3002\u4eca\u56de\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3082\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a9e\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>\u682a\u4fa1\u898b\u901a\u3057\u3092\u805e\u304b\u308c\u305f\u3068\u304d\u300120\u500d\u306b\u306a\u3063\u3066\u3044\u308b\u682a\u4fa1\u53ce\u76ca\u7387\u3084\u3001\u6c11\u9593\u6295\u8cc7\u306e\u7e2e\u5c0f\u306a\u3069\u306e\u8ca1\u653f\u8981\u56e0\u3092\u8003\u3048\u308b\u3068\u3001\u682a\u5f0f\u5e02\u5834\u304c10\u5e74\u5f8c\u306b\u4eca\u3088\u308a\u9ad8\u3044\u3053\u3068\u306f\u8003\u3048\u96e3\u3044\u3068\u7b54\u3048\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u8a00\u3046\u7406\u7531\u306f\u5358\u7d14\u3067\u3042\u308b\u3002\u682a\u4fa1\u306f\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u8a08\u7b97\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u682a\u4fa1 = 1\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca x \u682a\u4fa1\u53ce\u76ca\u7387<\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u7d14\u5229\u76ca\u3068\u682a\u4fa1\u53ce\u76ca\u7387\u3092\u4e88\u60f3\u3067\u304d\u308c\u3070\u3001\u682a\u4fa1\u3092\u4e88\u60f3\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u682a\u4fa1\u53ce\u76ca\u7387\u306e\u8a71\u306b\u5c11\u3057\u4ed8\u3051\u8db3\u3059\u3068\u3001\u9ad8\u91d1\u5229\u306f\u682a\u4fa1\u53ce\u76ca\u7387\u3092\u4e0b\u3052\u308b\u3002\u682a\u4fa1\u53ce\u76ca\u7387\u304c\u9ad8\u3044\u72b6\u614b\u3068\u306f\u6295\u8cc7\u5bb6\u304c\u30ea\u30b9\u30af\u3092\u53d6\u3063\u3066\u3044\u308b\u72b6\u614b\u3060\u304b\u3089\u3001\u9ad8\u91d1\u5229\u3067\u30ea\u30b9\u30af\u304c\u53d6\u308c\u306a\u304f\u306a\u308c\u3070\u682a\u4fa1\u53ce\u76ca\u7387\u306f\u4e0b\u304c\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u304b\u3089\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u9ad8\u91d1\u5229\u306e\u6642\u4ee3\u3060\u3068\u3059\u308c\u3070\u3001\u305d\u308c\u306f\u682a\u4fa1\u53ce\u76ca\u7387\u306b\u30de\u30a4\u30ca\u30b9\u306b\u4f5c\u7528\u3059\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u6c11\u9593\u6295\u8cc7\u306b\u8a00\u53ca\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u7d14\u5229\u76ca\u306b\u5f71\u97ff\u3059\u308b\u306e\u304cGDP\u306e\u8981\u7d20\u306e\u3046\u3061\u6d88\u8cbb\u3067\u306f\u306a\u304f\u6295\u8cc7\u3060\u304b\u3089\u3067\u3042\u308b\u3002\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u7684\u306a\u8a71\u3060\u304c\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u3066\u3044\u308b\u306e\u3067\u8208\u5473\u306e\u3042\u308b\u4eba\u306f\u53c2\u8003\u306b\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\/36304\" data-type=\"post\" data-id=\"36304\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u30012023\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u898b\u901a\u3057\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u305b\u3088GDP\u306e\u3046\u3061\u6295\u8cc7\u306f\u6025\u964d\u4e0b\u3057\u3066\u304a\u308a\u3001\u305d\u308c\u306f\u7d14\u5229\u76ca\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u30de\u30a4\u30ca\u30b9\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\/36252\" data-type=\"post\" data-id=\"36252\">\u307e\u3059\u307e\u3059\u5f31\u3063\u3066\u3086\u304f\u30a2\u30e1\u30ea\u30abGDP\u30012023\u5e74\u7b2c1\u56db\u534a\u671f\u306f\u4e88\u60f3\u4ee5\u4e0a\u306e\u6e1b\u901f<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u300c\u5931\u308f\u308c\u305f10\u5e74\u300d\u306e\u6295\u8cc7\u6226\u7565<\/strong><\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u3001\u7c73\u56fd\u682a\u304c\u3053\u308c\u307e\u306740\u5e74\u4e0a\u6607\u3057\u3066\u304d\u305f\u306e\u306f\u3001\u3053\u308c\u307e\u306740\u5e74\u9593\u91d1\u5229\u304c\u4e0b\u304c\u308a\u7d9a\u3051\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u4e0a\u8ff0\u3057\u305f\u306e\u3068\u306f\u9006\u306e\u7406\u7531\u3067\u3001\u91d1\u5229\u304c\u4e0b\u304c\u308b\u3068\u682a\u4fa1\u53ce\u76ca\u7387\u304c\u4e0a\u304c\u308b\u3002\u305d\u308c\u304c\u7c73\u56fd\u682a\u306e\u9577\u671f\u4e0a\u3052\u76f8\u5834\u306e\u6b63\u4f53\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\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\/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>\u3060\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u306e\u767a\u751f\u306b\u3088\u3063\u3066\u4f4e\u91d1\u5229\u306e\u6642\u4ee3\u304c\u7d42\u308f\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u305d\u308c\u306f40\u5e74\u9593\u7c73\u56fd\u682a\u3092\u652f\u3048\u3066\u304d\u305f\u682a\u9ad8\u30c8\u30ec\u30f3\u30c9\u306e\u7d42\u308f\u308a\u3092\u610f\u5473\u3059\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u8a00\u3044\u305f\u3044\u3053\u3068\u306f\u305d\u3046\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306b\u3088\u308c\u3070\u3001\u305d\u308c\u3067\u3082\u6295\u8cc7\u5bb6\u306f\u8ae6\u3081\u308b\u5fc5\u8981\u306f\u306a\u3044\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>\u682a\u5f0f\u5e02\u5834\u304c\u4eca\u5f8c10\u5e74\u9593\u6a2a\u3070\u3044\u306b\u306a\u308b\u3068\u308f\u305f\u3057\u304c\u8a00\u3063\u305f\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u5931\u308f\u308c\u305f10\u5e74\u306b\u306a\u308b\u8a33\u3067\u306f\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f55\u6545\u304b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u4ee5\u524d\u7269\u4fa1\u9ad8\u9a30\u304c\u8d77\u3053\u3063\u305f1970\u5e74\u4ee3\u306e\u8a71\u3092\u6301\u3061\u51fa\u3057\u3066\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>1968\u5e74\u304b\u30891982\u5e74\u306e\u9593\u306b\u3082\u3001\u6b63\u3057\u3044\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u682a\u5f0f\u5e02\u5834\u3092\u8cb7\u3044\u6301\u3061\u306b\u3057\u3001\u6b63\u3057\u3044\u9298\u67c4\u3092\u8cb7\u3044\u6301\u3061\u306b\u3059\u308b\u3053\u3068\u3067\u3001\u6295\u8cc7\u5bb6\u306f\u5927\u3044\u306b\u5132\u3051\u308b\u3053\u3068\u304c\u51fa\u6765\u305f\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>1968\u5e74\u304b\u30891982\u5e74\u306f\u3001\u7c73\u56fd\u682a\u304c14\u5e74\u9593\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u306a\u304b\u3063\u305f\u671f\u9593\u3067\u3042\u308b\u3002\u305d\u306e\u4e2d\u306b\u306f1974\u5e74\u306e\u682a\u4fa1\u304c\u534a\u5206\u8fd1\u304f\u307e\u3067\u4e0b\u304c\u3063\u305f\u5927\u66b4\u843d\u3092\u542b\u3093\u3067\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\/2022\/06\/1966-1982-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"543\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/1966-1982-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-25849\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/1966-1982-s-and-p-500-chart.png 675w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/1966-1982-s-and-p-500-chart-300x241.png 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/a><\/figure>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u3053\u306e\u671f\u9593\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u7269\u4fa1\u304c2\u500d\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3001100\u30c9\u30eb\u304c14\u5e74\u5f8c\u306b100\u30c9\u30eb\u306b\u306a\u3063\u305f\u3068\u3057\u3066\u3082\u3001100\u30c9\u30eb\u306e\u4fa1\u5024\u304c\u305d\u306e\u9593\u3067\u534a\u5206\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u682a\u5f0f\u6295\u8cc7\u5bb6\u306f\u5b9f\u969b\u306b\u306f\u6a2a\u3070\u3044\u3067\u306f\u306a\u304f\u5927\u640d\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u4ed8\u3051\u8db3\u3057\u3066\u304a\u3053\u3046\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u518d\u3073\u751f\u3058\u305f\u3053\u3068\u3067\u540c\u3058\u3053\u3068\u304c\u7e70\u308a\u8fd4\u3055\u308c\u308b\u3068\u61f8\u5ff5\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u6a2a\u3070\u3044\u3067\u3082\u5132\u3051\u3089\u308c\u308b<\/strong><\/p>\n\n\n\n<p>\u3057\u304b\u3057\u3053\u306e\u72b6\u6cc1\u3067\u3082\u6295\u8cc7\u5bb6\u306f\u5229\u76ca\u3092\u51fa\u305b\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u5225\u306b\u682a\u5f0f\u3092\u5e38\u306b\u6301\u3061\u7d9a\u3051\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u30eb\u30fc\u30eb\u306f\u306a\u3044\u304b\u3089\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\u8a00\u3046\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>1970\u5e74\u304b\u308972\u5e74\u307e\u3067\u306b\u5927\u304d\u306a\u4e0a\u3052\u76f8\u5834\u304c\u3042\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u524d\u306b\u3082\u8a00\u3063\u305f\u304c\u3001\u3053\u306e\u671f\u9593\u306b\u539f\u6cb9\u682a\u3084\u5316\u5b66\u682a\u306a\u3069\u306e\u9298\u67c4\u3067\u5927\u5132\u3051\u3059\u308b\u3053\u3068\u304c\u51fa\u6765\u305f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>1975\u5e74\u304b\u308977\u5e74\u306b\u3082\u52ff\u8ad6\u5927\u304d\u306a\u4e0a\u3052\u76f8\u5834\u304c\u3042\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f8b\u3048\u3070\u3001\u78ba\u304b\u306b1974\u5e74\u306b\u306f\u682a\u4fa1\u304c\u9ad8\u5024\u304b\u3089\u534a\u5206\u306b\u66b4\u843d\u3057\u305f\u304c\u3001\u305d\u306e\u5f8c\u306e\u53cd\u767a\u3067\u682a\u4fa1\u306f50%\u4ee5\u4e0a\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u305f\u308a\u524d\u306e\u8a71\u3060\u304c\u3001\u6700\u521d\u304b\u3089\u6700\u5f8c\u307e\u3067\u3067\u6a2a\u3070\u3044\u306b\u306a\u308b\u3068\u3057\u3066\u3082\u3001\u305d\u306e\u4e71\u9ad8\u4e0b\u306b\u6700\u521d\u304b\u3089\u6700\u5f8c\u307e\u3067\u4ed8\u304d\u5408\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u7406\u7531\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u5e38\u306b\u6295\u8cc7\u3092\u7d9a\u3051\u308b\u6295\u8cc7\u5bb6\u3067\u306f\u306a\u3044\u3002\u3080\u3057\u308d\u7d76\u597d\u306e\u6a5f\u4f1a\u304c\u3042\u308b\u307e\u3067\u6295\u8cc7\u3092\u305b\u305a\u3001\u5f85\u3064\u3053\u3068\u3092\u597d\u3080\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u3002\u5f7c\u306f\u540c\u3058\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36627\" data-type=\"post\" data-id=\"36627\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u8ab0\u3067\u308230%\u4ee5\u4e0a\u306e\u5229\u76ca\u3092\u51fa\u305b\u308b\u65b9\u6cd5\u3092\u8a9e\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>\u9577\u671f\u7684\u306b\u826f\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e0a\u3052\u308b\u305f\u3081\u306b\u306f\u3001\u6253\u3066\u308b\u30dc\u30fc\u30eb\u304c\u6765\u305f\u6642\u306b\u306f\u5927\u632f\u308a\u3059\u308b\u3053\u3068\u3060\u3002\u305d\u3057\u3066\u6253\u3066\u306a\u3044\u7389\u306f\u6253\u305f\u306a\u3044\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304b\u3089\u682a\u4fa1\u304c\u9ad8\u3044\u6642\u306b\u624b\u3092\u51fa\u3059\u5fc5\u8981\u306f\u306a\u3044\u3057\u3001\u5927\u66b4\u843d\u304c\u6765\u308c\u3070\u660e\u3089\u304b\u306b\u5b89\u3044\u306e\u306b\u8ab0\u3082\u682a\u306b\u624b\u3092\u51fa\u3055\u306a\u3044\u3088\u3046\u306a\u72b6\u6cc1\u304c\u6765\u308b\u306e\u3060\u304b\u3089\u3001\u305d\u306e\u6642\u306b\u8cb7\u3048\u3070\u826f\u3044\u3068\u3044\u3046\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u5224\u65ad\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u8003\u616e\u3057\u306a\u3044\u6295\u8cc7\u306f\u6709\u308a\u5f97\u306a\u3044<\/strong><\/p>\n\n\n\n<p>\u3053\u3046\u8a00\u3046\u3068\u3001\u300c\u3067\u3082\u81ea\u5206\u306f\u6295\u8cc7\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u5206\u304b\u3089\u306a\u3044\u300d\u3068\u3044\u3046\u6295\u8cc7\u521d\u5fc3\u8005\u306e\u58f0\u304c\u805e\u3053\u3048\u3066\u304d\u305d\u3046\u3060\u3002\u6295\u8cc7\u3067\u306f\u81ea\u5206\u304c\u4f55\u3092\u5206\u304b\u3089\u306a\u3044\u304b\u3092\u7406\u89e3\u3059\u308b\u306e\u306f\u5927\u5207\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u306f\u3063\u304d\u308a\u8a00\u3046\u304c\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u8003\u616e\u3057\u306a\u3044\u6295\u8cc7\u306f\u6709\u308a\u5f97\u306a\u3044\u3002\u3069\u3046\u3044\u3046\u8cb7\u3044\u65b9\u3092\u3057\u3066\u3082\u3001\u4f8b\u3048\u305d\u308c\u304c\u7a4d\u307f\u7acb\u3066\u305f\u3082\u306e\u3067\u3042\u3063\u3066\u3082\u3001\u8cb7\u3063\u305f\u682a\u306b\u306f\u8cb7\u5024\u304c\u5b58\u5728\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3069\u308c\u3060\u3051\u512a\u826f\u682a\u3067\u3042\u3063\u305f\u3068\u3057\u3066\u3082\u8cb7\u5024\u304c\u9ad8\u3059\u304e\u308c\u3070\u305d\u306e\u6295\u8cc7\u306f\u640d\u3092\u51fa\u3059\u3002\u305d\u308c\u306f\u77ed\u671f\u6295\u8cc7\u304b\u9577\u671f\u6295\u8cc7\u304b\u3068\u3044\u3046\u3053\u3068\u3082\u95a2\u4fc2\u304c\u306a\u3044\u3002\u3080\u3057\u308d\u9577\u671f\u6295\u8cc7\u306f1\u56de\u5931\u6557\u3059\u308c\u3070\u7d42\u308f\u308a\u306e\u5f8c\u304c\u306a\u3044\u6295\u8cc7\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u7d50\u5c40\u3001\u6295\u8cc7\u5bb6\u306f\u300c\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u8003\u616e\u305b\u305a\u306b\u8cb7\u3048\u308b\u6295\u8cc7\u306a\u3069\u306a\u3044\u300d\u3068\u3044\u3046\u73fe\u5b9f\u3092\u76f4\u8996\u3059\u3079\u304d\u3060\u3002\u305d\u3046\u3059\u308c\u3070\u7a4d\u307f\u7acb\u3066\u306e\u546a\u7e1b\u304b\u3089\u81ea\u7531\u306b\u306a\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27807\" data-type=\"post\" data-id=\"27807\">\u300c\u682a\u5f0f\u306e\u9577\u671f\u6295\u8cc7\u306f\u307b\u307c\u5132\u304b\u308b\u300d\u3068\u3044\u3046\u5e7b\u60f3\u306f\u91d1\u878d\u5e81\u306e\u300c\u57fa\u790e\u304b\u3089\u5b66\u3079\u308b\u91d1\u878d\u30ac\u30a4\u30c9\u300d\u304b\u3089\u6765\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3046\u3059\u308c\u3070\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306b\u3001\u300c\u6253\u3066\u308b\u30dc\u30fc\u30eb\u304c\u6765\u305f\u6642\u306b\u3060\u3051\u30d0\u30c3\u30c8\u3092\u632f\u308b\u6295\u8cc7\u300d\u304c\u51fa\u6765\u308b\u306f\u305a\u3060\u3002<\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u3053\u306e\u6295\u8cc7\u65b9\u91dd\u306f\u30af\u30a9\u30f3\u30bf\u30e0\u30d5\u30a1\u30f3\u30c9\u306e\u4f1d\u7d71\u3067\u3082\u3042\u308b\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u30af\u30a9\u30f3\u30bf\u30e0\u30d5\u30a1\u30f3\u30c9\u306b\u304a\u3051\u308b\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u5148\u8f29\u306b\u3042\u305f\u308b\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u3082\u3001\u300e<a href=\"https:\/\/amzn.to\/3MrOzhL\" target=\"_blank\" rel=\"noreferrer noopener\">\u30de\u30fc\u30b1\u30c3\u30c8\u306e\u9b54\u8853\u5e2b<\/a>\u300f\u306b\u8f09\u3063\u3066\u3044\u308b\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>\u79c1\u306f\u9053\u3070\u305f\u306b\u30ab\u30cd\u304c\u843d\u3061\u3066\u3044\u308b\u307e\u3067\u5f85\u3063\u3066\u3044\u308b\u3002\u79c1\u306f\u305d\u3053\u3078\u884c\u3063\u3066\u3001\u62fe\u3044\u4e0a\u3052\u308b\u3060\u3051\u3060\u3002<\/p>\n\n\n\n<p>\u300c\u6a3d\u306e\u4e2d\u306e\u9b5a\u3092\u91e3\u308b\u300d\u3068\u3044\u3046\u683c\u8a00\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3092\u5f85\u3063\u3066\u3044\u308b\u3093\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4eee\u306b\u4eca\u5f8c\u6570\u5341\u5e74\u304c\u30a4\u30f3\u30d5\u30ec\u9ad8\u91d1\u5229\u3067\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u4e0d\u6bdb\u306e\u6642\u671f\u3068\u306a\u308d\u3046\u3068\u3082\u3001\u6b63\u3057\u3044\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u6765\u308b\u307e\u3067\u5f85\u3064\u3053\u3068\u304c\u51fa\u6765\u308b\u6295\u8cc7\u5bb6\u306f\u3001\u8cb7\u3044\u3060\u3051\u3067\u3082\u554f\u984c\u306a\u304f\u5229\u76ca\u3092\u4e0a\u3052\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u3060\u308d\u3046\u3002\u4f8b\u3048\u3070\u4eca\u5e74\u3001\u5c11\u306a\u304f\u3068\u3082\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e02\u5834\u306b\u306f\u305d\u306e\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308b\u3068\u7b46\u8005\u306f\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32391\" data-type=\"post\" data-id=\"32391\">2023\u5e74\u306f\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u5e95\u5024\u8cb7\u3044\u306e\u5e74: \u539f\u6cb9\u3001\u5929\u7136\u30ac\u30b9\u3001\u8fb2\u4f5c\u7269\u3001\u91d1\u76f8\u5834\u306e\u63a8\u79fb\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3001\u7279\u306b\u6839\u62e0\u306a\u304f\u682a\u5f0f\u306e\u9577\u671f\u6295\u8cc7\u306b\u3053\u3060\u308f\u308b\u4eba\u3005\u306b\u306f\u3001\u5f7c\u3089\u306b\u3075\u3055\u308f\u3057\u3044\u672a\u6765\u304c\u5f85\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7e8f\u3081\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\u308910\u5e74\u9593\u5168\u4f53\u3067\u6a2a\u3070\u3044\u3067\u3042\u3063\u305f\u3068\u3057\u3066\u3082\u3001\u6295\u8cc7\u6a5f\u4f1a\u306f\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3001\u4eca\u5f8c10\u5e74\u3001\u30d0\u30a4\u30a2\u30f3\u30c9\u30db\u30fc\u30eb\u30c9\u3067\u5e74\u73879%\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u5f97\u3089\u308c\u308b\u3068\u601d\u3063\u3066\u307b\u3057\u304f\u306a\u3044\u3060\u3051\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3088\u308a\u8a73\u3057\u3044\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u8f09\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u3061\u3089\u3092\u53c2\u8003\u306b\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\/28426\" data-type=\"post\" data-id=\"28426\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: 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rel=\"noopener\">\u30de\u30fc\u30b1\u30c3\u30c8\u306e\u9b54\u8853\u5e2b<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\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\u304c\u3001Sohn Conference\u3067\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u4eca\u5f8c10\u5e74\u306e\u682a\u5f0f\u5e02\u5834\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":[59,111],"tags":[130],"class_list":["post-37011","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-stanley-druckenmiller"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37011","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=37011"}],"version-history":[{"count":30,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37011\/revisions"}],"predecessor-version":[{"id":37041,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37011\/revisions\/37041"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=37011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=37011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=37011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}