{"id":37404,"date":"2023-06-12T20:00:00","date_gmt":"2023-06-12T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=37404"},"modified":"2023-06-12T14:31:52","modified_gmt":"2023-06-12T05:31:52","slug":"%e4%b8%96%e7%95%8c%e6%9c%80%e5%a4%a7%e3%81%ae%e3%83%98%e3%83%83%e3%82%b8%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89-%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e7%b5%8c%e6%b8%88%e3%81%af%e7%b5%90%e5%b1%80%e5%bc%b7","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37404","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u7d50\u5c40\u5f37\u3044\u306e\u304b\u5f31\u3044\u306e\u304b\uff1f"},"content":{"rendered":"\n<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u9280\u884c\u5371\u6a5f\u306a\u3069\u306e\u554f\u984c\u304c\u751f\u3058\u308b\u306a\u304b\u3067\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u3066\u3044\u306a\u3044\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u73fe\u72b6\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u73fe\u72b6<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f2021\u5e74\u306b\u307e\u305a\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u308a\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u5f53\u521d\u306f\u30a4\u30f3\u30d5\u30ec\u306e\u5371\u967a\u6027\u3092\u7121\u8996\u3057\u3066\u3044\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>\u3060\u304c2022\u5e74\u306b\u5165\u3063\u3066\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u59cb\u3081\u3001\u4eca\u3084\u653f\u7b56\u91d1\u5229\u306f\u30bc\u30ed\u304b\u30895%\u307e\u3067\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>5%\u3068\u3044\u3046\u5927\u5e45\u306a\u5229\u4e0a\u3052\u5e45\u304c\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306b\u59cb\u307e\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u9280\u884c\u5371\u6a5f\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u3044\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>\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306f\u6e1b\u901f\u3057\u3066\u3044\u308b\u3082\u306e\u306e\u3001\u30de\u30a4\u30ca\u30b9\u6210\u9577\u306b\u306f\u306a\u3063\u3066\u3044\u306a\u3044\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>\u73fe\u91d1\u7d66\u4ed8\u304b\u3089\u91d1\u878d\u5f15\u304d\u7de0\u3081\u307e\u3067<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u306b\u81f3\u308b\u307e\u3067\u306e\u3053\u3068\u3092\u5c11\u3057\u6574\u7406\u3057\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<p>\u307e\u305a\u30b3\u30ed\u30ca\u304c\u3042\u308a\u3001\u305d\u306e\u5f8c\u306b\u73fe\u91d1\u7d66\u4ed8\u304c\u8d77\u304d\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u7279\u306b\u65e5\u672c\u4ee5\u4e0a\u306e\u898f\u6a21\u3067\u884c\u308f\u308c\u305f\u73fe\u91d1\u7d66\u4ed8\u306f\u3001\u4e16\u754c\u7684\u306a\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\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>\u3044\u307e\u3060\u306b\u30a4\u30f3\u30d5\u30ec\u306b\u95a2\u3057\u3066\u30a6\u30af\u30e9\u30a4\u30ca\u60c5\u52e2\u304c\u3069\u3046\u3053\u3046\u3068\u3044\u3046\u8a18\u4e8b\u3092\u898b\u304b\u3051\u308b\u304c\u3001\u3042\u307e\u308a\u306b\u4e8b\u5b9f\u3092\u8aa4\u8a8d\u3057\u305f\u5b8c\u5168\u306a\u30c7\u30de\u3067\u3042\u308b\u3002\u305d\u308c\u306b\u3064\u3044\u3066\u306f\u3082\u3046\u4e00\u5ea6\u306f\u66f8\u304b\u306a\u3044\u306e\u3067\u3001\u904e\u53bb\u306e\u8a18\u4e8b\u3092\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u3055\u3066\u3001\u73fe\u91d1\u7d66\u4ed8\u3067\u6d88\u8cbb\u304c\u6025\u5897\u3057\u305f\u305f\u3081\u3001GDP\u306f\u6551\u6e08\u3055\u308c\u305f\u304c\u3001\u3057\u304b\u3057\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3063\u305f\u306e\u3067\u4e2d\u592e\u9280\u884c\u306f\u91d1\u5229\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u305f\u3002\u305d\u3057\u3066\u653f\u7b56\u91d1\u5229\u306f5%\u4e0a\u3052\u3089\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u307e\u3067\u304c2023\u5e74\u73fe\u5728\u306e\u72b6\u6cc1\u3067\u3042\u308b\u3002\u305d\u308c\u304c\u4f55\u6545\u3001\u9280\u884c\u5371\u6a5f\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u7d4c\u6e08\u6210\u9577\u306f\u7d9a\u3044\u3066\u3044\u308b\u72b6\u6cc1\u3092\u751f\u3093\u3067\u3044\u308b\u306e\u304b\uff1f<\/p>\n\n\n\n<p>\u305d\u308c\u3092\u8003\u3048\u308b\u305f\u3081\u306b\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u4ee5\u4e0b\u306e\u3053\u3068\u3092\u8003\u3048\u3066\u307f\u308b\u3088\u3046\u306b\u4fc3\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>\u8ab0\u304c\u52dd\u8005\u3067\u3001\u8ab0\u304c\u6557\u8005\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p>\u91cd\u8981\u306a\u306e\u306f\u3001\u73fe\u91d1\u7d66\u4ed8\u3067\u5229\u76ca\u3092\u5f97\u305f\u4eba\u3068\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u640d\u3092\u53d7\u3051\u305f\u4eba\u304c\u7570\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u4eca\u3067\u3082\u7d9a\u304f\u73fe\u91d1\u7d66\u4ed8\u306e\u6069\u6075<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\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>\u73fe\u5728\u306e\u72b6\u6cc1\u306b\u304a\u3051\u308b\u6557\u8005\u306f\u3001\u5bb6\u8a08\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3067\u306f\u306a\u3044\u3002\u5bb6\u8a08\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306f\u3080\u3057\u308d\u6539\u5584\u3055\u308c\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5bb6\u8a08\u3001\u3064\u307e\u308a\u6d88\u8cbb\u8005\u306f\u3001\u73fe\u91d1\u7d66\u4ed8\u3067\u6069\u6075\u3092\u53d7\u3051\u305f\u3002\u305d\u3057\u3066\u305d\u308c\u306f\u4eca\u3082\u307e\u3060\u7d9a\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u91d1\u7d66\u4ed8\u3067\u5897\u3048\u305f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\uff08\u5e02\u4e2d\u306b\u5b58\u5728\u3059\u308b\u73fe\u91d1\u3068\u9810\u91d1\u306e\u7dcf\u91cf\uff09\u306f\u3001\u6e1b\u5c11\u306b\u5411\u304b\u3063\u3066\u306f\u3044\u308b\u304c\u3001\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u30b3\u30ed\u30ca\u524d\u306e\u6c34\u6e96\u3088\u308a\u304b\u306a\u308a\u9ad8\u3044\u4f4d\u7f6e\u306b\u307e\u3060\u3042\u308b\u304b\u3089\u3060\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>\u3053\u306e\u8cc7\u91d1\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u5438\u53ce\u3055\u308c\u3001\u30b3\u30ed\u30ca\u524d\u306e\u6c34\u6e96\u306b\u623b\u308b\u307e\u3067\u3001\u3042\u30681\u5e74\u7a0b\u5ea6\u304b\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u6557\u8005\u305f\u3061<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u3001\u3053\u306e\u72b6\u6cc1\u306e\u6557\u8005\u306f\u8ab0\u304b\uff1f\u3000\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u640d\u5931\u3092\u51fa\u3057\u305f\u306e\u306f\u3001\u56fd\u50b5\u306e\u4fdd\u6709\u8005\u305f\u3061\u3060\u3002\u4e16\u754c\u4e2d\u306e\u4e2d\u592e\u9280\u884c\u304c\u5927\u304d\u306a\u640d\u3092\u51fa\u3057\u305f\u3002\u666e\u901a\u306e\u9280\u884c\u3082\u3053\u3046\u3057\u305f\u50b5\u5238\u3092\u5927\u91cf\u306b\u6301\u3063\u3066\u3044\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u308f\u3051\u3060\u304c\u3001\u50b5\u5238\u306b\u3068\u3063\u3066\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u56fd\u50b5\u306a\u3069\u306e\u4fa1\u683c\u304c\u4e0b\u304c\u3063\u305f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u4e8b\u5b9f\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306e\u4e00\u56e0\u306f\u3001\u4fdd\u6709\u3057\u3066\u3044\u305f\u56fd\u50b5\u306e\u8a55\u4fa1\u984d\u304c\u4e0b\u304c\u3063\u305f\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\/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>\u307e\u305f\u3001\u91d1\u878d\u6a5f\u95a2\u306b\u5bfe\u3059\u308b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u5f71\u97ff\u306f\u305d\u308c\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u30c0\u30ea\u30aa\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>\u9280\u884c\u306f\u50b5\u5238\u3092\u8cb7\u3046\u305f\u3081\u306b\u77ed\u671f\u91d1\u5229\u3092\u652f\u6255\u3063\u3066\u501f\u308a\u5165\u308c\u3092\u3057\u3066\u3044\u305f\u3002\u305d\u3057\u3066\u5f15\u304d\u7de0\u3081\u3092\u53d7\u3051\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9280\u884c\u306f\u8ab0\u304b\u304b\u3089\u304a\u91d1\u3092\u9810\u304b\u3063\u3066\u3001\u305d\u306e\u304a\u91d1\u3067\u50b5\u5238\u3092\u8cb7\u3063\u3066\u91d1\u5229\u3092\u5f97\u308b\u30d3\u30b8\u30cd\u30b9\u3060\u304c\u3001\u9810\u304b\u3063\u305f\u304a\u91d1\u306b\u5bfe\u3057\u3066\u306f\u91d1\u5229\u3092\u6255\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u4eca\u3084\u653f\u7b56\u91d1\u5229\u304c5%\u306a\u306e\u3067\u3001\u305d\u308c\u306b\u8fd1\u3044\u91d1\u5229\u3092\u9280\u884c\u306f\u652f\u6255\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u5229\u76ca\u3092\u51fa\u3057\u3066\u304f\u308c\u308b\u306f\u305a\u306e\u4fdd\u6709\u56fd\u50b5\u306f\u640d\u3092\u51fa\u3057\u3066\u3044\u308b\u3002\u6ce3\u304d\u3063\u9762\u306b\u8702\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u4eca\u5f8c\u306e\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u3044\u3073\u3064\u306a\u72b6\u614b\u306b\u3042\u308b\u3002\u5bb6\u8a08\u306e\u3088\u3046\u306b\u3044\u307e\u3060\u6069\u6075\u304c\u7d9a\u3044\u3066\u3044\u308b\u30bb\u30af\u30bf\u30fc\u3082\u3042\u308c\u3070\u3001\u9280\u884c\u3084\u4e2d\u5c0f\u4f01\u696d\u306e\u3088\u3046\u306b\u65e2\u306b\u6b7b\u306b\u304b\u3051\u3066\u3044\u308b\u30bb\u30af\u30bf\u30fc\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5dee\u306f\u3001\u3082\u3063\u3068\u3082\u5178\u578b\u7684\u306b\u306fGDP\u306b\u304a\u3051\u308b\u6d88\u8cbb\u3068\u6295\u8cc7\u306e\u5dee\u306b\u8868\u308c\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u6d88\u8cbb\u304c\u4f38\u3073\u3066\u3044\u308b\u4e00\u65b9\u3067\u3001\u6295\u8cc7\u306f\u6b7b\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\/2023\/06\/2023-1q-us-real-personal-consumption-and-real-gross-private-domestic-investment-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"536\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-1q-us-real-personal-consumption-and-real-gross-private-domestic-investment-chart.png\" alt=\"\" class=\"wp-image-37232\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-1q-us-real-personal-consumption-and-real-gross-private-domestic-investment-chart.png 536w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-1q-us-real-personal-consumption-and-real-gross-private-domestic-investment-chart-300x261.png 300w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/><\/a><\/figure>\n\n\n\n<p>\u4eca\u5f8c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u3069\u3046\u306a\u3063\u3066\u3086\u304f\u306e\u304b\uff1f\u3000\u30c0\u30ea\u30aa\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>\u7d4c\u6e08\u306e\u6210\u9577\u7387\u306f1%\u7a0b\u5ea6\u3060\u3002\u5bb6\u8a08\u306b\u554f\u984c\u304c\u8d77\u3053\u3063\u3066\u3044\u306a\u3044\u304b\u3089\u3060\u3002\u3060\u304c\u50b5\u5238\u306e\u4fdd\u6709\u8005\u306b\u306f\u554f\u984c\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u304b\u3089\u6210\u9577\u7387\u306f\u4e0b\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u554f\u984c\u306f\u7d9a\u304f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306f\u6839\u5f37\u304f\u9ad8\u3044\u307e\u307e\u3060\u308d\u3046\u3002\u3044\u304f\u3089\u304b\u306e\u7406\u7531\u3067\u76ee\u6a19\u5024\u307e\u3067\u306f\u4e0b\u304c\u3089\u306a\u3044\u3002\u305d\u3057\u3066\u5b9f\u8cea\u91d1\u5229\u3082\u9ad8\u304f\u4fdd\u305f\u308c\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u3053\u306e\u72b6\u6cc1\u306f\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u751f\u307f\u51fa\u3059\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306f\u6295\u8cc7\u3088\u308a\u3082\u6d88\u8cbb\u306b\u5f71\u97ff\u3055\u308c\u308b\u306e\u3067\u3001\u6d88\u8cbb\u304c\u843d\u3061\u3066\u3053\u306a\u3044\u9650\u308a\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u7d9a\u304f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u6d88\u8cbb\u304c\u843d\u3061\u3066\u304f\u308b\u307b\u3069\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u3046\u305f\u3081\u306b\u306f\u3001\u6295\u8cc7\u306f\u3042\u3068\u3069\u308c\u3060\u3051\u843d\u3061\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u6697\u3044\u672a\u6765\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u3002\u4ed6\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306e\u610f\u898b\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\/37318\" data-type=\"post\" data-id=\"37318\">\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<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34065\" data-type=\"post\" data-id=\"34065\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306e2023\u5e74\u682a\u4fa1\u4e88\u60f3: \u5012\u7523\u304c\u6025\u5897\u3057\u682a\u4fa1\u306f\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u9280\u884c\u5371\u6a5f\u306a\u3069\u306e\u554f\u984c\u304c\u751f\u3058\u308b\u306a\u304b\u3067\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u3066\u3044\u306a\u3044\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u73fe\u72b6\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\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":[118,108],"tags":[102],"class_list":["post-37404","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37404","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=37404"}],"version-history":[{"count":26,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37404\/revisions"}],"predecessor-version":[{"id":37430,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37404\/revisions\/37430"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=37404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=37404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=37404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}