{"id":37538,"date":"2023-06-17T20:00:00","date_gmt":"2023-06-17T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=37538"},"modified":"2023-06-17T00:06:23","modified_gmt":"2023-06-16T15:06:23","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%af%e3%82%82%e3%81%86%e5%88%a9%e4%b8%8a%e3%81%92%e3%81%97%e3%81%aa%e3%81%84%e3%80%81%e7%b1%b3","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37538","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f\u3082\u3046\u5229\u4e0a\u3052\u3057\u306a\u3044\u3001\u7c73\u56fd\u7d4c\u6e08\u306f\u60aa\u5316\u3057\u3066\u3044\u308b"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001CNBC\u306b\u3088\u308b\u50b5\u5238\u6295\u8cc7\u5bb6\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u307e\u305f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u5f37\u6c17\u306a\u5411\u304d\u304c\u5f37\u307e\u3063\u3066\u3044\u308b\u4e00\u65b9\u3067\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5f31\u6c17\u306a\u898b\u65b9\u3092\u5d29\u3057\u3066\u306f\u3044\u306a\u3044\u3088\u3046\u3060\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u5f31\u3044\u3068\u8003\u3048\u308b\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u4e00\u822c\u306b\u5f37\u3044\u3068\u89e3\u91c8\u3055\u308c\u3066\u3044\u308b\u52b4\u50cd\u5e02\u5834\u304c\u5b9f\u969b\u306b\u306f\u5f31\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u8ad6\u3058\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37523\" data-type=\"post\" data-id=\"37523\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u653f\u7b56\u91d1\u5229\u3092\u4e88\u60f3\u3067\u304d\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u3053\u304b\u3089\u66f4\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u5f31\u3044\u8a3c\u62e0\u3092\u7a81\u304d\u3064\u3051\u308b\u3002\u4f8b\u3048\u3070\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\uff08\u5e02\u4e2d\u306b\u5b58\u5728\u3059\u308b\u73fe\u91d1\u3068\u9810\u91d1\u306e\u7dcf\u91cf\uff09\u3067\u3042\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>M2\uff08\u8a33\u6ce8\uff1a\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e1\u7a2e\uff09\u306e\u4e0b\u843d\u7387\u306f\u3082\u3046\u4f55\u5341\u5e74\u3082\u898b\u3089\u308c\u306a\u304b\u3063\u305f\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u3001\u4e0b\u843d\u7387\u3067\u898b\u308c\u3070\u7269\u51c4\u3044\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u308b\u3002\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u5909\u5316\u7387\uff08\u524d\u5e74\u540c\u6708\u6bd4\uff09\u306e\u30b0\u30e9\u30d5\u3092\u9577\u671f\u3067\u898b\u308b\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\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-apr-m2-money-stock-growth-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-apr-m2-money-stock-growth-chart.png\" alt=\"\" class=\"wp-image-37543\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-apr-m2-money-stock-growth-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-apr-m2-money-stock-growth-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u73fe\u5728\u306e\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u6e1b\u5c11\u30b9\u30d4\u30fc\u30c9\u306f\u30011970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u3092\u7d42\u308f\u3089\u305b\u305f1980\u5e74\u306e\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u306b\u3088\u308b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3088\u308a\u3082\u6025\u6fc0\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27377\" data-type=\"post\" data-id=\"27377\">\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u30011980\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u304c\u3069\u308c\u3060\u3051\u53b3\u3057\u304b\u3063\u305f\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u91cd\u8981\u3060\u3068\u3044\u3046\u610f\u898b\u306b\u306f\u7b46\u8005\u3082\u540c\u610f\u3059\u308b\u3002\u3060\u304c\u3001\u500b\u4eba\u7684\u306b\u306f\u5909\u5316\u7387\u3088\u308a\u3082\u7d76\u5bfe\u6c34\u6e96\u3092\u898b\u308b\u3079\u304d\u3060\u3068\u601d\u3046\u3002\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\uff08\u5909\u5316\u7387\u3067\u306f\u306a\u3044\uff09\u306e\u30b0\u30e9\u30d5\u306f\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\/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\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u7d19\u5e63\u304c\u3070\u3089\u6492\u304b\u308c\u3001\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u6025\u5897\u3057\u305f\u3002\u305d\u306e\u7d19\u5e63\u304c\u4eca\u56de\u53ce\u3055\u308c\u3066\u304a\u308a\u3001\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u7e2e\u5c0f\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3070\u3089\u6492\u304b\u308c\u305f\u7d19\u5e63\u306b\u3088\u3063\u3066\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u30b3\u30ed\u30ca\u5371\u6a5f\u3092\u8131\u3057\u305f\u304c\u3001\u7d19\u5e63\u56de\u53ce\u306b\u3088\u3063\u3066\u3070\u3089\u6492\u304d\u3092\u7121\u304b\u3063\u305f\u3053\u3068\u306b\u3059\u308b\u306a\u3089\u3070\u3001\u30b3\u30ed\u30ca\u5371\u6a5f\u304b\u3089\u306e\u6551\u6e08\u3082\u7121\u304b\u3063\u305f\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u7b46\u8005\u306e\u610f\u898b\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u3001\u73fe\u5728\u306e\u6e1b\u5c11\u30b9\u30d4\u30fc\u30c9\u3067\u884c\u3063\u3066\u3082\u3001\u30b3\u30ed\u30ca\u5f8c\u306b\u3070\u3089\u6492\u304b\u308c\u305f\u7d19\u5e63\u304c\u3059\u3079\u3066\u56de\u53ce\u3055\u308c\u3001\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u5f53\u6642\u306e\u6c34\u6e96\u306b\u623b\u308b\u307e\u3067\u306b1\u5e74\u304b\u304b\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8b70\u8ad6\u3092\u805e\u3044\u3066\u3044\u308b\u3068\u4eca\u3059\u3050\u306b\u3067\u3082\u5229\u4e0b\u3052\u3068\u666f\u6c17\u5f8c\u9000\u304c\u59cb\u307e\u308a\u305d\u3046\u306a\u5370\u8c61\u3092\u53d7\u3051\u308b\u3002\u3060\u304c\u7b46\u8005\u306f\u307e\u305a\u5229\u4e0b\u3052\u304c\u59cb\u307e\u308a\u305d\u306e\u5f8c\u306b\u666f\u6c17\u5f8c\u9000\u304c\u59cb\u307e\u308b\u307e\u3067\u3001\u3082\u3046\u5c11\u3057\u9577\u3044\u6642\u9593\u304c\u304b\u304b\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u5dee\u306e\u73fe\u72b6<\/strong><\/p>\n\n\n\n<p>\u307e\u305f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u666f\u6c17\u5f8c\u9000\u304c\u8fd1\u3044\u3068\u3059\u308b\u6839\u62e0\u306b\u300110\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304b\u30892\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u3092\u5f15\u3044\u305f\u9577\u77ed\u91d1\u5229\u5dee\u3092\u6319\u3052\u3066\u3044\u308b\u3002\u5f7c\u306f\u3053\u3046\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>\u9577\u77ed\u91d1\u5229\u5dee\u306f\u3082\u3046\u9577\u3089\u304f\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u901a\u5e38\u3001\u50b5\u5238\u306f\u671f\u9593\u304c\u9577\u3044\u307b\u3069\u91d1\u5229\u304c\u9ad8\u304f\u306a\u308b\u304c\u3001\u50b5\u5238\u5e02\u5834\u304c\u5c06\u6765\u306e\u666f\u6c17\u5f8c\u9000\u3092\u4e88\u60f3\u3059\u308b\u3068\u3001\u9577\u671f\u306e\u50b5\u5238\u306e\u65b9\u304c\u77ed\u671f\u306e\u50b5\u5238\u3088\u308a\u91d1\u5229\u304c\u4f4e\u304f\u306a\u308b\u3002<\/p>\n\n\n\n<p>10\u5e74\u7269\u56fd\u50b5\u30682\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u5dee\u304c\u9006\u8ee2\u3059\u308b\u3053\u3068\u306f\u4e00\u822c\u306b\u666f\u6c17\u5f8c\u9000\u306e\u524d\u89e6\u308c\u3068\u3057\u3066\u77e5\u3089\u308c\u3001\u904e\u53bb\u306b\u304a\u3044\u3066\u306f\u307b\u3068\u3093\u3069\u4f8b\u5916\u306a\u304f\u666f\u6c17\u5f8c\u9000\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u9577\u77ed\u91d1\u5229\u5dee\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\u306f\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\/06\/2023-6-16-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-6-16-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png\" alt=\"\" class=\"wp-image-37545\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-6-16-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-6-16-us-10-year-treasury-yield-minus-2-year-treasury-yield-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u7070\u8272\u306e\u671f\u9593\u306f\u666f\u6c17\u5f8c\u9000\u306a\u306e\u3067\u3001\u9577\u77ed\u91d1\u5229\u5dee\u304c\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u305f\u5f8c\u306b\u666f\u6c17\u5f8c\u9000\u306b\u306a\u3063\u3066\u3044\u308b\u69d8\u5b50\u306f\u898b\u3066\u306e\u901a\u308a\u3060\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u30b0\u30e9\u30d5\u3068\u6bd4\u3079\u3066\u3053\u3061\u3089\u306f\u3069\u3046\u3060\u308d\u3046\uff1f\u3000\u9577\u77ed\u91d1\u5229\u5dee\u306e\u30de\u30a4\u30ca\u30b9\u306e\u6df1\u3055\u306f\u30011980\u5e74\u306b\u6bd4\u3079\u308b\u3068\u307e\u3060\u307e\u3060\u3060\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306f\u9577\u77ed\u91d1\u5229\u5dee\u306f\u3001\u73fe\u5728\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u53ce\u307e\u308b\u307e\u3067\u306b\u5c11\u306a\u304f\u3068\u30821\u5ea6\u306f\u5f53\u6642\u306e\u6c34\u6e96\u307e\u3067\u6df1\u304f\u4e0b\u304c\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u30021970\u5e74\u53f0\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u306f3\u5ea6\u306e\u6ce2\u3068\u3057\u3066\u6765\u305f\u306e\u3067\u3001\u4eca\u56de\u306e\u7b2c1\u6ce2\u3067\u3042\u308b\u4eca\u3001\u9577\u77ed\u91d1\u5229\u5dee\u304c\u305d\u3053\u307e\u3067\u4e0b\u304c\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u308f\u3051\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u9577\u77ed\u91d1\u5229\u5dee\u306f\u7b46\u8005\u306b\u306f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306a\u7d4c\u6e08\u306e\u5f31\u3055\u3088\u308a\u3082\u3080\u3057\u308d\u3001\u72b6\u6cc1\u304c\u307e\u3060\u307e\u3060\u60aa\u304f\u306a\u3044\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u3002\u3044\u3084\u3001\u5341\u5206\u60aa\u3044\u306e\u3060\u304c\u3001\u60f3\u5b9a\u3055\u308c\u308b\u6700\u60aa\u306e\u72b6\u614b\u306b\u306f\u307e\u3060\u884c\u3063\u3066\u3044\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5229\u4e0a\u3052\u304c\u6253\u3061\u6b62\u3081\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u7b46\u8005\u306f\u3001\u91d1\u5229\u304c\u3053\u3053\u304b\u3089\u4e0b\u304c\u3063\u3066\u3086\u304f\u306b\u305b\u3088\u3001\u5fc5\u305a\u3057\u3082\u4eca\u304c\u653f\u7b56\u91d1\u5229\u306e\u30d4\u30fc\u30af\u3067\u3042\u308b\u3068\u306f\u65ad\u5b9a\u3057\u306a\u3044\u3002\u7d19\u5e63\u304c\u56de\u53ce\u3055\u308c\u308b\u307e\u3067\u306b\u3042\u30681\u5e74\u3042\u308b\u306e\u3067\u3042\u308b\u3002\u52ff\u8ad6\u5229\u4e0a\u3052\u304c\u3082\u3046\u306a\u3044\u53ef\u80fd\u6027\u3082\u3042\u308b\u304c\u3001\u3042\u30681\u56de\u30842\u56de\u5229\u4e0a\u3052\u304c\u3042\u3063\u3066\u3082\u5225\u306b\u9a5a\u304b\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u306e\u306f\u3001FOMC\u4f1a\u5408\u5f8c\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u6b21\u306e\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\/37498\" data-type=\"post\" data-id=\"37498\">6\u6708FOMC\u4f1a\u5408\u7d50\u679c\u3001\u5229\u4e0a\u3052\u7d99\u7d9a\u3092\u8868\u660e<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u9280\u884c\u5371\u6a5f\u306e\u3088\u3046\u306a\u5c40\u6240\u7684\u306a\u554f\u984c\u3067\u306f\u306a\u304f\u3001\u7d4c\u6e08\u5168\u4f53\u304c\u76ee\u306b\u898b\u3048\u3066\u60aa\u304f\u306a\u308b\u307e\u3067\u306f\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306e\u5f37\u6c17\u306e\u59ff\u52e2\u3092\u7591\u3046\u7406\u7531\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u307e\u3067\u306f\u307e\u3060\u6570\u30f6\u6708\u304b\u3089\u534a\u5e74\u524d\u5f8c\u306f\u304b\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4eca\u5f8c\u8d77\u304d\u308b\u3053\u3068\u306e\u9806\u756a\u306f\u3053\u3046\u3060\u3002\u307e\u305a\u653f\u7b56\u91d1\u5229\u304c\u30d4\u30fc\u30af\uff08\u305d\u308c\u304c\u4eca\u3067\u3042\u308c\u3001\u6570\u30f6\u6708\u5f8c\u3067\u3042\u308c\uff09\u3068\u306a\u308a\u3001\u305d\u306e\u5f8c\u5229\u4e0b\u3052\u306b\u8ee2\u3058\u308b\u3002\u305d\u3057\u3066\u666f\u6c17\u5f8c\u9000\u304c\u6765\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u9806\u756a\u306f\u6c7a\u3057\u3066\u5909\u308f\u3089\u306a\u3044\u3002\u666f\u6c17\u5f8c\u9000\u304c\u6765\u306a\u3044\u9650\u308a\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u30cf\u30c8\u6d3e\u306b\u306a\u308b\u3053\u3068\u306f\u306a\u3044\u304c\u3001\u666f\u6c17\u5f8c\u9000\u306f\u5229\u4e0b\u3052\u306e\u5f8c\u306b\u3057\u304b\u6765\u306a\u3044\u3002\u3060\u304b\u3089\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u5c11\u306a\u304f\u3068\u30821\u5ea6\u306f\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u306b\u6210\u529f\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u610f\u5473\u3067\u306f\u7d4c\u6e08\u306e\u5f37\u3055\u3092\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u6c17\u306b\u3057\u3066\u3044\u308b\u306e\u306f\u610f\u5473\u304c\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f7c\u304cGDP\u3084\u5931\u696d\u7387\u3092\u3044\u304f\u3089\u6c17\u306b\u3057\u3066\u3082\u3001\u5148\u884c\u6307\u6a19\u3068\u3057\u3066\u7d4c\u6e08\u306e\u72b6\u6cc1\u60aa\u5316\u3092\u6559\u3048\u3066\u304f\u308c\u308b\u306e\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u6307\u6458\u3059\u308b\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u3084\u9577\u77ed\u91d1\u5229\u5dee\u306e\u3088\u3046\u306a\u6307\u6a19\u3060\u3051\u3067\u3042\u3063\u3066\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u6c17\u306b\u3057\u3066\u3044\u308bGDP\u3084\u5931\u696d\u7387\u306e\u3088\u3046\u306a\u9045\u884c\u6307\u6a19\u304c\u5b9f\u969b\u306b\u60aa\u5316\u3057\u3066\u3057\u307e\u3063\u305f\u6642\u306b\u306f\u3001\u72b6\u6cc1\u306f\u65e2\u306b\u624b\u9045\u308c\u306b\u306a\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3044\u304f\u3089\u305d\u308c\u3089\u306e\u6307\u6a19\u3092\u898b\u3066\u3044\u3066\u3082\u3001\u305d\u308c\u304c\u5148\u306b\u60aa\u5316\u3057\u3066\u30d1\u30a6\u30a8\u30eb\u6c0f\u306b\u4e8b\u524d\u306b\u8b66\u544a\u3057\u3066\u304f\u308c\u308b\u3053\u3068\u306f\u306a\u3044\u3002GDP\u304c\u60aa\u5316\u3057\u3066\u304b\u3089GDP\u306e\u60aa\u5316\u306b\u5099\u3048\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002\u5f7c\u306f\u5148\u884c\u6307\u6a19\u3092\u898b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3060\u304c\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u306e\u7d20\u4eba\u3067\u3042\u308b\u5f7c\u306f\u305d\u308c\u304c\u7406\u89e3\u3067\u304d\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u610f\u5473\u3067\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f2021\u5e74\u306b\u30a4\u30f3\u30d5\u30ec\u3092\u7121\u8996\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u5b9f\u969b\u306b\u624b\u9045\u308c\u306b\u306a\u3063\u3066\u304b\u3089\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u958b\u59cb\u3057\u305f\u904e\u3061\u3092\u7e70\u308a\u8fd4\u3057\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u3002\u5f7c\u306f\u7d76\u5bfe\u306b\u72b6\u6cc1\u304c\u624b\u9045\u308c\u306b\u306a\u3063\u3066\u304b\u3089\u3067\u306a\u3051\u308c\u3070\u52d5\u304b\u306a\u304b\u3063\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\/12)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u300c\u30a4\u30f3\u30d5\u30ec\u304c\u60aa\u5316\u3057\u3066\u304b\u3089\u52d5\u304f\u300d\u305d\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u60aa\u5316\u3059\u308b\u3053\u3068\u3092\u4fdd\u8a3c\u3057\u3066\u3044\u308b\u3002\u300c\u666f\u6c17\u5f8c\u9000\u306b\u306a\u3063\u3066\u304b\u3089\u52d5\u304f\u300d\u3060\u304b\u305d\u308c\u306f\u3001\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308b\u3053\u3068\u3092\u4fdd\u8a3c\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>Fed\u304c1\u5e74\u534a\u524d\u306b\u72af\u3057\u305f\u306e\u3068\u540c\u3058\u5931\u6557\u3092\u3001\u4eca\u5ea6\u306f\u9006\u306e\u65b9\u5411\u306b\u72af\u305d\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u306f\u7406\u89e3\u3067\u304d\u306a\u3044\u3002<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001CNBC\u306b\u3088\u308b\u50b5\u5238\u6295\u8cc7\u5bb6\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u307e\u305f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u5f37\u6c17\u306a\u5411\u304d\u304c\u5f37\u307e\u3063\u3066\u3044\u308b\u4e00\u65b9\u3067\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5f31\u6c17\u306a\u898b\u65b9\u3092\u5d29\u3057\u3066\u306f\u3044\u306a\u3044\u3088\u3046\u3060\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":[131],"class_list":["post-37538","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\/37538","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=37538"}],"version-history":[{"count":26,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37538\/revisions"}],"predecessor-version":[{"id":37566,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/37538\/revisions\/37566"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=37538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=37538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=37538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}