{"id":37318,"date":"2023-06-08T20:00:00","date_gmt":"2023-06-08T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=37318"},"modified":"2023-06-08T18:27:19","modified_gmt":"2023-06-08T09:27:19","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%9d%e3%82%8c%e3%81%a7%e3%82%82%e7%b1%b3%e5%9b%bd%e7%b5%8c%e6%b8%88%e3%81%af%e3%83%8f%e3%83%bc%e3%83%89%e3%83%a9","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37318","title":{"rendered":"\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u305d\u308c\u3067\u3082\u7c73\u56fd\u7d4c\u6e08\u306f\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3059\u308b"},"content":{"rendered":"\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30d5\u30a1\u30f3\u30c9\u3092\u9577\u5e74\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\u3001Bloomberg\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u91d1\u878d\u7de9\u548c\u3068\u30d0\u30d6\u30eb\u5d29\u58ca<\/strong><\/p>\n\n\n\n<p>\u3044\u304f\u3064\u3082\u306e\u30d0\u30d6\u30eb\u3068\u305d\u306e\u5d29\u58ca\u3092\u7d4c\u9a13\u3057\u3066\u304d\u305f\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u73fe\u5728\u898b\u3066\u3044\u308b\u306e\u306f\u3001\u8cc7\u7523\u30d0\u30d6\u30eb\u3068\u305d\u306e\u5d29\u58ca\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\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>\u5927\u304d\u306a\u8cc7\u7523\u30d0\u30d6\u30eb\u304c\u3042\u3063\u305f\u5f8c\u306b\u306f\u3001\u3044\u3064\u3082\u5f8c\u306b\u7d4c\u6e08\u306b\u554f\u984c\u304c\u751f\u3058\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5f7c\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u4ee5\u5f8c\u306e\u91d1\u878d\u7de9\u548c\u306e\u6642\u4ee3\u3092\u6b21\u306e\u3088\u3046\u306b\u632f\u308a\u8fd4\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u304a\u91d1\u3092\u3070\u3089\u6492\u3044\u305f\u6642\u4ee3\u304c11\u5e74\u3082\u7d9a\u3051\u3070\u3001\u4eba\u3005\u306f\u611a\u304b\u306a\u3053\u3068\u3092\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3069\u308c\u307b\u3069\u611a\u304b\u304b\u3068\u8a00\u3048\u3070\u3001\u30b8\u30e7\u30fc\u30af\u306e\u305f\u3081\u306b\u4f5c\u3089\u308c\u305fDogecoin\u306b800\u5104\u30c9\u30eb\u304c\u8cbb\u3084\u3055\u308c\u305f\u3002\u305d\u3093\u306a\u3053\u3068\u306f\u3070\u3089\u6492\u304d\u304c\u306a\u3051\u308c\u3070\u8d77\u3053\u3089\u306a\u304b\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u5f37\u8abf\u3059\u308b\u306e\u306f\u3001\u305d\u3046\u3057\u305f\u7de9\u548c\u306e\u6642\u4ee3\u306e\u5f8c\u306b\u5927\u304d\u306a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u6765\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u5f7c\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>\u53f2\u4e0a\u3082\u3063\u3068\u3082\u5927\u304d\u304f\u3082\u3063\u3068\u3082\u5e83\u7bc4\u56f2\u306a\u8cc7\u7523\u30d0\u30d6\u30eb\u306e\u3042\u3068\u306b1\u5e74\u30675%\u306e\u5229\u4e0a\u3052\u304c\u3042\u3063\u305f\u3002\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u3084Bed Bath &amp; Beyond\u306e\u7834\u7dbb\u306f\u6c37\u5c71\u306e\u4e00\u89d2\u306b\u904e\u304e\u306a\u3044\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u308f\u308c\u308f\u308c\u306e\u30e1\u30a4\u30f3\u30b7\u30ca\u30ea\u30aa\u306f\u3001\u3053\u308c\u304b\u3089\u3082\u554f\u984c\u304c\u751f\u3058\u7d9a\u3051\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u5185\u5bb9<\/strong><\/p>\n\n\n\n<p>\u5177\u4f53\u7684\u306b\u3069\u3046\u306a\u308b\u306e\u304b\u3002\u307e\u305a\u3001\u682a\u4fa1\u306b\u95a2\u4fc2\u3059\u308b\u4f01\u696d\u5229\u76ca\u306b\u3064\u3044\u3066\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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>\u4f01\u696d\u5229\u76ca\u304c20%\u304b30%\u4e0b\u304c\u308b\u3060\u308d\u3046\u3002\u901a\u5e38\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306a\u308940%\u304b50%\u3068\u8a00\u3046\u3068\u3053\u308d\u3060\u304c\u3001\u4eca\u56de\u306e\u666f\u6c17\u5f8c\u9000\u306f\u8ab0\u3082\u304c\u4e88\u60f3\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u308c\u307b\u3069\u591a\u304f\u306e\u4f01\u696d\u304c\u30ba\u30dc\u30f3\u3092\u8131\u304c\u3055\u308c\u308b\u3088\u3046\u306a\u7fbd\u76ee\u306b\u306f\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u307e\u305f\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u7279\u306b\u5f71\u97ff\u3092\u53d7\u3051\u308b\u30bb\u30af\u30bf\u30fc\u3092\u3044\u304f\u3064\u304b\u6307\u6458\u3059\u308b\u3002\u307e\u305a\u306f\u5546\u696d\u4e0d\u52d5\u7523\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u5546\u696d\u4e0d\u52d5\u7523\u306b\u3064\u3044\u3066\u306f\u8ab0\u3082\u304c\u77e5\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u304c\u3001\u30aa\u30d5\u30a3\u30b9\u304c\u554f\u984c\u3060\u3002\u91d1\u5229\u4e0a\u6607\u3060\u3051\u3067\u5143\u3005\u554f\u984c\u306a\u306e\u3060\u304c\u3001\u30b3\u30ed\u30ca\u3067\u751f\u6d3b\u69d8\u5f0f\u304c\u5909\u308f\u3063\u305f\u3053\u3068\u304c\u554f\u984c\u306b\u62cd\u8eca\u3092\u304b\u3051\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u3084\u306f\u308a\u9280\u884c\u3068\u3001\u9280\u884c\u304c\u5b88\u308a\u306b\u5165\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u30ed\u30fc\u30f3\u304c\u8cb8\u3055\u308c\u306a\u304f\u306a\u308a\u3001\u7d4c\u6e08\u304b\u3089\u307e\u3059\u307e\u3059\u8cc7\u91d1\u304c\u306a\u304f\u306a\u3063\u3066\u3086\u304f\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4eca\u5f8c6\u30f6\u6708\u304b\u30899\u30f6\u6708\u306e\u4fe1\u7528\u7e2e\u5c0f\u304c\u5fc3\u914d\u3060\u3002\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308b\u306a\u3089\u3001\u5f53\u305f\u308a\u524d\u3060\u304c\u9280\u884c\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306f\u65e2\u306b\u50b7\u3064\u3044\u3066\u3044\u308b\u3002\u901a\u5e38\u554f\u984c\u306b\u306a\u308b\u30ed\u30fc\u30f3\u306e\u7126\u3052\u4ed8\u304d\u304b\u3089\u3067\u306f\u306a\u3044\u3002Fed\u304c2024\u5e74\u307e\u3067\u30bc\u30ed\u91d1\u5229\u3092\u4fdd\u3064\u3068\u5ba3\u8a00\u3057\u3066\u3044\u305f\u306e\u3067\u30011%\u304b2%\u306e\u91d1\u5229\u3067\u56fd\u50b5\u3092\u5927\u91cf\u306b\u8cb7\u3044\u5165\u308c\u305f\u304c\u3001\u4eca\u306e\u91d1\u5229\u306f5%\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u50b5\u5238\u306b\u3068\u3063\u3066\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u3002\u91d1\u5229\u306f\u5927\u304d\u304f\u4e0a\u304c\u3063\u305f\u306e\u3067\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u3088\u3046\u306b\u4fa1\u683c\u306e\u4e0b\u304c\u3063\u305f\u50b5\u5238\u3092\u62b1\u3048\u3066\u3044\u308b\u9280\u884c\u306f\u6570\u591a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u306e\u5f8c\u3001Fed\u306f\u9280\u884c\u306e\u7d4c\u55b6\u9663\u3092\u8cac\u3081\u305f\u304c\u3001\u3053\u306e\u610f\u5473\u3067\u306f\u9280\u884c\u306f\u88ab\u5bb3\u8005\u3067\u3042\u308b\u3002\u65e2\u306b\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3063\u3066\u3044\u305f2021\u5e74\u306b\u304a\u3044\u3066\u3082\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u300c\u30a4\u30f3\u30d5\u30ec\u306f\u4e00\u6642\u7684\u3067\u7de9\u548c\u3092\u7d9a\u3051\u308b\u300d\u3068\u8a00\u3044\u7d9a\u3051\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14522\" data-type=\"post\" data-id=\"14522\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u305f\u3060\u30a4\u30f3\u30d5\u30ec\u304c\u7d9a\u304b\u306a\u3044\u3088\u3046\u306b\u7948\u3063\u3066\u3044\u308b\u3060\u3051 (2021\/7\/18)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e2d\u592e\u9280\u884c\u304c\u30bc\u30ed\u91d1\u5229\u653f\u7b56\u306e\u7d99\u7d9a\u3092\u7d04\u675f\u3057\u305f\u306e\u3060\u304b\u3089\u3001\u5c11\u3057\u3067\u3082\u9ad8\u3044\u91d1\u5229\u3092\u6c42\u3081\u3066\u591a\u304f\u306e\u9280\u884c\u304c\u9577\u671f\u306e\u50b5\u5238\uff08\u77ed\u671f\u306e\u50b5\u5238\u3088\u308a\u901a\u5e38\u91d1\u5229\u304c\u9ad8\u3044\uff09\u306b\u624b\u3092\u4f38\u3070\u3057\u305f\u3053\u3068\u3092\u8cac\u3081\u3089\u308c\u308b\u3060\u308d\u3046\u304b\u3002\u5c11\u306a\u304f\u3068\u3082Fed\u306b\u305d\u306e\u6a29\u5229\u306f\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\/18701\" data-type=\"post\" data-id=\"18701\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 12\u624d\u5150\u3088\u308a\u3082\u611a\u304b\u306a\u4e2d\u592e\u9280\u884c\u306e\u5b58\u5728\u610f\u7fa9\u304c\u5206\u304b\u3089\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u3001\u9280\u884c\u306e\u554f\u984c\u306f\u4fdd\u6709\u3059\u308b\u50b5\u5238\u306e\u4fa1\u683c\u4e0b\u843d\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u666f\u6c17\u5f8c\u9000\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u591a\u304f\u306e\u4f01\u696d\u304c\u8cc7\u91d1\u96e3\u306b\u9665\u308a\u3001\u501f\u308a\u305f\u304a\u91d1\u3092\u8fd4\u305b\u306a\u304f\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u305d\u3057\u3066\u8cb8\u3057\u3066\u3044\u308b\u306e\u306f\u9280\u884c\u3067\u3042\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u3053\u3046\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>\u3060\u304b\u3089\u9280\u884c\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306f\u65e2\u306b\u50b7\u3064\u3044\u3066\u3044\u308b\u304c\u3001\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308c\u3070\u5b9f\u4f53\u7d4c\u6e08\u306e\u640d\u5931\u304c\u6765\u308b\u3002\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u3084\u5546\u696d\u4e0d\u52d5\u7523\u306a\u3069\u306e\u554f\u984c\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u307e\u3060\u304b<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u666f\u6c17\u5f8c\u9000\u306f\u307e\u3060\u6765\u3066\u3044\u306a\u3044\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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>\u666f\u6c17\u5f8c\u9000\u304c\u307e\u3060\u59cb\u307e\u3063\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u7406\u7531\u3067\u3001\u591a\u304f\u306e\u4eba\u304c\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u3089\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3078\u3001\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u3089\u30ce\u30fc\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3078\u4e88\u60f3\u3092\u5909\u3048\u305f\u3002\u308f\u305f\u3057\u306f\u81ea\u5206\u306e\u4e88\u60f3\u3092\u307e\u3063\u305f\u304f\u5909\u3048\u3066\u3044\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u4ee5\u524d\u3088\u308a\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3\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\/36802\" data-type=\"post\" data-id=\"36802\">\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<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u306e\u7406\u7531\u306f\u3001\u30d0\u30d6\u30eb\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u304a\u91d1\u3068\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u308b\u305d\u306e\u6d88\u6ec5\u3067\u3042\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u3053\u3046\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>10\u5146\u30c9\u30eb\u3060\u30025\u5146\u30c9\u30eb\u306e\u8ca1\u653f\u653f\u7b56\u30015\u5146\u30c9\u30eb\u306e\u91d1\u878d\u653f\u7b56\u304c\u30b3\u30ed\u30ca\u306e\u6642\u671f\u306b\u884c\u308f\u308c\u305f\u3002\u4f55\u304c\u8d77\u3053\u3063\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u5de8\u5927\u306a\u3001\u5de8\u5927\u306a\u8cc7\u91d1\u304c\u7a4d\u307f\u4e0a\u304c\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u73fe\u5728\u3001\u305d\u306e\u8cc7\u91d1\u306f\u5f90\u3005\u306b\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u307e\u3060\u6765\u3066\u3044\u306a\u3044\u3067\u306f\u306a\u3044\u304b\u3002\u305d\u306e\u7406\u7531\u306b\u3064\u3044\u3066\u306f\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u4ee5\u4e0b\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u8a18\u4e8b\u3092\u898b\u308b\u306e\u304c\u826f\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\/36808\" data-type=\"post\" data-id=\"36808\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3088\u308a\u9177\u304f\u306a\u308b\u53ef\u80fd\u6027\u306f\u5426\u5b9a\u3067\u304d\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u57fa\u672c\u7684\u306b\u306f\u3053\u306e\u8a18\u4e8b\u3092\u8aad\u3080\u306e\u304c\u826f\u3044\u306e\u3060\u304c\u3001\u4eca\u56de\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u4ee5\u4e0b\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>\u666f\u6c17\u5f8c\u9000\u304c\u307e\u3060\u59cb\u307e\u3063\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u4e8b\u5b9f\u304c\u3001\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u304b\u3068\u3044\u3046\u78ba\u7387\u3092\u5909\u3048\u308b\u3053\u3068\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3080\u3057\u308d\u3001\u666f\u6c17\u5f8c\u9000\u304c\u6765\u308b\u307e\u3067\u306b\u3053\u308c\u307b\u3069\u6642\u9593\u304c\u304b\u304b\u3063\u3066\u3057\u307e\u3063\u305f\u305f\u3081\u306b\u3001\u653f\u7b56\u91d1\u5229\u306f\u3088\u308a\u9ad8\u304f\u4e0a\u304c\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u7d4c\u6e08\u306b\u99b4\u67d3\u3080\u3053\u3068\u306b\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u3002\u305d\u308c\u306f\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u78ba\u7387\u3092\u4e0a\u3052\u308b\u3053\u3068\u306f\u3042\u3063\u3066\u3082\u3001\u4e0b\u3052\u308b\u3053\u3068\u306f\u306a\u3044\u3002<\/p>\n<cite>\u7b46\u8005\u3082\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u52d5\u3044\u305f\u8cc7\u91d1\u306e\u91cf\u304c\u3042\u307e\u308a\u306b\u5de8\u5927\u306a\u5834\u5408\u3001\u7269\u4e8b\u306f\u304b\u306a\u308a\u3086\u3063\u304f\u308a\u306b\u3057\u304b\u9032\u307e\u306a\u3044\u3002\u9280\u884c\u304c\u60b2\u9cf4\u3092\u4e0a\u3052\u3066\u3044\u308b\u4e00\u65b9\u3067\u3001\u6d88\u8cbb\u304c\u307e\u3060\u5805\u8abf\u306a\u306e\u306f\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u5f71\u97ff\u304c\u307e\u3060\u305d\u3053\u307e\u3067\u884c\u3063\u3066\u3044\u306a\u3044\u304b\u3089\u3060\u3002<\/cite><\/blockquote>\n\n\n\n<p>\u3060\u304c\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u308a\u83ab\u5927\u306a\u8cc7\u91d1\u304c\u6ce8\u5165\u3055\u308c\u3066\u30d0\u30d6\u30eb\u306b\u306a\u3063\u305f\u306e\u3060\u304b\u3089\u3001\u305d\u306e\u7d42\u308f\u308a\u306f\u305d\u306e\u8cc7\u91d1\u304c\u306a\u304f\u306a\u308b\u6642\u3067\u306f\u306a\u3044\u304b\u3002\u3060\u304b\u3089\u3044\u3064\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306b\u306a\u308b\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u5e02\u4e2d\u306b\u5b58\u5728\u3059\u308b\u73fe\u91d1\u3068\u9810\u91d1\u306e\u7dcf\u91cf\u3067\u3042\u308b\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u63a8\u79fb\u3092\u898b\u308c\u3070\u826f\u3044\u306e\u3067\u3042\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\/05\/2023-apr-us-m2-money-stock-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-apr-us-m2-money-stock-chart.png\" alt=\"\" class=\"wp-image-37129\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-apr-us-m2-money-stock-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-apr-us-m2-money-stock-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306b\u6025\u5897\u3057\u305f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u6025\u6e1b\u3057\u3066\u3044\u308b\u304c\u3001\u30b3\u30ed\u30ca\u524d\u306e\u6c34\u6e96\u306b\u623b\u308b\u306b\u306f\uff08\u3064\u307e\u308a\u30b3\u30ed\u30ca\u5f8c\u306b\u3070\u3089\u6492\u304b\u308c\u305f\u8cc7\u91d1\u304c\u5b8c\u5168\u306b\u56de\u53ce\u3055\u308c\u308b\u306b\u306f\uff09\u3053\u306e\u307e\u307e\u306e\u901f\u5ea6\u3060\u3068\u3042\u30681\u5e74\u304b\u304b\u308b\u3002<\/p>\n\n\n\n<p>\u7d4c\u6e08\u306f\u3057\u3070\u3057\u3070\u8907\u96d1\u3060\u304c\u3057\u3070\u3057\u3070\u5358\u7d14\u3060\u3002\u3042\u30681\u5e74\u3067\u796d\u308a\u306f\u7d42\u4e86\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u554f\u984c\u306f\u305d\u308c\u3067\u30a4\u30f3\u30d5\u30ec\u304c\u53ce\u307e\u308b\u304b\u3069\u3046\u304b\u3067\u3042\u308b\u3002\u30be\u30eb\u30bf\u30f3\u30fb\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u53ce\u307e\u3089\u306a\u3044\u3068\u898b\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u3061\u3089\u3082\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\/37310\" data-type=\"post\" data-id=\"37310\">\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f\u5229\u4e0b\u3052\u3057\u306a\u3044\u3001\u539f\u6cb9\u4fa1\u683c\u306f150\u30c9\u30eb\u307e\u3067\u884c\u304f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u682a\u5f0f\u5e02\u5834\u4e88\u60f3\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u7d39\u4ecb\u3057\u3066\u3044\u308b\u3002\u305d\u3061\u3089\u3082\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\/37011\" data-type=\"post\" data-id=\"37011\">\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<\/a><\/li>\n<\/ul>\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\u9577\u5e74\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\u3001Bloomberg\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u898b\u901a\u3057\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-37318","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\/37318","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=37318"}],"version-history":[{"count":11,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37318\/revisions"}],"predecessor-version":[{"id":37329,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37318\/revisions\/37329"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=37318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=37318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=37318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}