{"id":38592,"date":"2023-08-03T19:50:53","date_gmt":"2023-08-03T10:50:53","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=38592"},"modified":"2023-08-03T19:50:55","modified_gmt":"2023-08-03T10:50:55","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%80%81%e7%b1%b3%e5%9b%bd%e7%b5%8c%e6%b8%88%e3%81%ae%e3%82%bd%e3%83%95%e3%83%88%e3%83%a9","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38592","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3"},"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\u304cLinkedIn\u306e\u30d6\u30ed\u30b0\u3067\u77ed\u671f\u7684\u306a\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u73fe\u91d1\u7d66\u4ed8\u3068\u91d1\u878d\u5f15\u304d\u7de0\u3081<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u3001\u30b3\u30ed\u30ca\u5f8c\u306b\u884c\u308f\u308c\u305f\u83ab\u5927\u306a\u73fe\u91d1\u7d66\u4ed8\u304c\u7269\u4fa1\u9ad8\u9a30\u3092\u5f15\u304d\u8d77\u3053\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u5236\u3059\u308b\u305f\u3081\u306bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u884c\u306a\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<\/ul>\n\n\n\n<p>\u5229\u4e0a\u3052\u306b\u3088\u3063\u3066\u653f\u7b56\u91d1\u5229\u306f5.25%\u307e\u3067\u4e0a\u3052\u3089\u308c\u305f\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u4f53\u7d4c\u6e08\u306f\u305d\u308c\u307b\u3069\u60aa\u3044\u72b6\u614b\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38451\" data-type=\"post\" data-id=\"38451\">\u666f\u6c17\u5f8c\u9000\u61f8\u5ff5\u306e\u306a\u304b\u52a0\u901f\u3057\u305f\u7b2c2\u56db\u534a\u671f\u30a2\u30e1\u30ea\u30abGDP\u6210\u9577\u7387<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u306b\u3064\u3044\u3066\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>Fed\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u5bfe\u3059\u308b\u7d4c\u6e08\u306e\u53cd\u5fdc\u306f\u3001\u660e\u3089\u304b\u306b\u666e\u901a\u3067\u306f\u306a\u3044\u3002\u666e\u901a\u3088\u308a\u3082\u305a\u3063\u3068\u5f37\u304f\u3001\u4e88\u60f3\u3055\u308c\u3066\u3044\u305f\u3088\u308a\u3082\u5f37\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f55\u6545\u304b\u3002\u30c0\u30ea\u30aa\u6c0f\u306b\u3088\u308c\u3070\u3001\u305d\u306e\u7406\u7531\u306f\u73fe\u91d1\u7d66\u4ed8\u306e\u30d7\u30e9\u30b9\u306e\u5f71\u97ff\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u30de\u30a4\u30ca\u30b9\u306e\u5f71\u97ff\u3092\u4e0a\u56de\u3063\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u5f7c\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>\u653f\u5e9c\u304c\u5f15\u304d\u8d77\u3053\u3057\u305f\u8cc7\u7523\u306e\u79fb\u8ee2\u306b\u3088\u3063\u3066\u3001\u8cc7\u91d1\u304c\u516c\u7684\u90e8\u9580\uff08\u653f\u5e9c\u3068\u4e2d\u592e\u9280\u884c\uff09\u304a\u3088\u3073\u56fd\u50b5\u4fdd\u6709\u8005\u304b\u3089\u6c11\u9593\u90e8\u9580\uff08\u5bb6\u8a08\u3084\u4f01\u696d\uff09\u3078\u3068\u79fb\u3063\u305f\u3002\u3053\u308c\u306b\u3088\u3063\u3066\u6c11\u9593\u90e8\u9580\u306f\u3001\u91d1\u878d\u653f\u7b56\u3092\u6bd4\u8f03\u7684\u6b63\u5e38\u306b\u3059\u308b\u305f\u3081\u306eFed\u306e\u975e\u5e38\u306b\u6025\u901f\u306a\u5f15\u304d\u7de0\u3081\u306b\u5bfe\u3057\u3066\u6bd4\u8f03\u7684\u50b7\u3092\u8ca0\u308f\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u653f\u5e9c\u306b\u3088\u308b\u64cd\u4f5c\u306b\u3088\u3063\u3066\u3001\u5bb6\u8a08\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3068\u640d\u76ca\u8a08\u7b97\u66f8\u306f\u5065\u5168\u306a\u72b6\u614b\u306b\u3042\u308b\u4e00\u65b9\u3001\u653f\u5e9c\u306f\u307e\u305a\u3044\u72b6\u614b\u306b\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u3070\u3089\u6492\u304b\u308c\u305f\u83ab\u5927\u306a\u8cc7\u91d1\u306f\u3001\u307e\u3060\u5b9f\u4f53\u7d4c\u6e08\u306e\u4e2d\u306b\u6b8b\u3063\u3066\u3044\u308b\u3002\u3053\u3053\u3067\u306f\u4f55\u5ea6\u3082\u63b2\u8f09\u3057\u3066\u3044\u308b\u304c\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\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/07\/2023-jun-us-real-m2-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/07\/2023-jun-us-real-m2-chart.png\" alt=\"\" class=\"wp-image-38463\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/07\/2023-jun-us-real-m2-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/07\/2023-jun-us-real-m2-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u6e1b\u5c11\u3057\u3066\u306f\u3044\u308b\u304c\u3001\u30b3\u30ed\u30ca\u524d\u306e\u6c34\u6e96\u3092\u3044\u307e\u3060\u306b\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u73fe\u91d1\u7d66\u4ed8\u306e\u8cc7\u91d1\u306f\u307e\u3060\u5b9f\u4f53\u7d4c\u6e08\u306b\u6b8b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u308b\u30c0\u30e1\u30fc\u30b8<\/strong><\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u30c0\u30e1\u30fc\u30b8\u3092\u53d7\u3051\u305f\u306e\u306f\u5bb6\u8a08\u3067\u306f\u306a\u3044\u3002\u501f\u91d1\u3067\u81ea\u8ee2\u8eca\u64cd\u696d\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u591a\u304f\u306e\u5bb6\u8a08\u306b\u3068\u3063\u3066\u3001\u5229\u4e0a\u3052\u306f\u3080\u3057\u308d\u9810\u91d1\u306b\u91d1\u5229\u304c\u4ed8\u304f\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002\u305d\u308c\u306f\u5bb6\u8a08\u306b\u3068\u3063\u3066\u60aa\u3044\u8a71\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/29198\" data-type=\"post\" data-id=\"29198\">\u5229\u4e0a\u3052\u3067\u9810\u91d1\u8005\u306f\u30a4\u30f3\u30d5\u30ec\u304b\u3089\u8cc7\u7523\u9632\u885b\u3067\u304d\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u65e5\u9280\u304c\u5229\u4e0a\u3052\u3092\u884c\u308f\u306a\u3044\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5927\u4f01\u696d\u304c\u88d5\u798f\u306b\u306a\u308c\u3070\u56fd\u6c11\u3082\u88d5\u798f\u306b\u306a\u308b\u3068\u3044\u3046\u6839\u62e0\u4e0d\u660e\u306e\u30c8\u30ea\u30af\u30eb\u30c0\u30a6\u30f3\u7406\u8ad6\u306b\u3088\u3063\u3066\u3001\u4f4e\u91d1\u5229\u304c\u5bb6\u8a08\u306b\u3068\u3063\u3066\u30d7\u30e9\u30b9\u306b\u306a\u308b\u3068\u4e3b\u5f35\u3057\u305f\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306e\u5618\u306b\u9a19\u3055\u308c\u305f\u7d50\u679c\u304c\u3001\u7269\u4fa1\u306e\u9ad8\u9a30\u3059\u308b\u4eca\u306e\u65e5\u672c\u7d4c\u6e08\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35564\" data-type=\"post\" data-id=\"35564\">\u30cf\u30a4\u30a8\u30af\u6c0f: \u73fe\u91d1\u7d66\u4ed8\u3084\u88dc\u52a9\u91d1\u306f\u305d\u308c\u3092\u53d7\u3051\u306a\u3044\u4eba\u306b\u5bfe\u3059\u308b\u7a83\u76d7\u3067\u3042\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3067\u306f\u9ad8\u91d1\u5229\u306f\u8ab0\u306b\u3068\u3063\u3066\u30c0\u30e1\u30fc\u30b8\u3060\u3063\u305f\u306e\u304b\u3002\u305d\u308c\u306f\u3001\u30c0\u30ea\u30aa\u6c0f\u306b\u3088\u308c\u3070\u50b5\u5238\u306e\u4fdd\u6709\u8005\u3067\u3042\u308b\u3002\u3053\u3053\u306e\u8aad\u8005\u306f\u771f\u3063\u5148\u306b\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u3053\u3068\u3092\u601d\u3044\u51fa\u3059\u3060\u308d\u3046\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>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u306e\u4e00\u56e0\u306f\u3001\u4fdd\u6709\u3057\u3066\u3044\u305f\u56fd\u50b5\u306e\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u305f\u3053\u3068\u3060\u3063\u305f\u3002\u5229\u4e0a\u3052\u3068\u306f\u91d1\u5229\u3092\u4e0a\u3052\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u50b5\u5238\u306b\u3068\u3063\u3066\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u5229\u4e0a\u3052\u3067\u771f\u3063\u5148\u306b\u72a0\u7272\u3068\u306a\u3063\u305f\u306e\u306f\u5f53\u7136\u306a\u304c\u3089\u305d\u306e\u4fdd\u6709\u8005\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u666f\u6c17\u5f8c\u9000\u306f\u6765\u306a\u3044\u306e\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306e\u5927\u90e8\u5206\u306f\u500b\u4eba\u6d88\u8cbb\u3067\u3042\u308b\u3002\u3088\u3063\u3066\u5bb6\u8a08\u3055\u3048\u7121\u4e8b\u3067\u3042\u308c\u3070GDP\u306f\u305d\u3053\u305d\u3053\u3084\u3063\u3066\u3044\u3051\u308b\u3002\u305d\u308c\u304c\u4eca\u306e\u72b6\u6cc1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\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>\u5b9f\u4f53\u7d4c\u6e08\u304c\u304b\u306a\u308a\u826f\u3044\u72b6\u614b\u3067\u3042\u308b\u306e\u306a\u3089\u3001\u653f\u5e9c\u3084\u4e2d\u592e\u9280\u884c\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u3084\u640d\u76ca\u8a08\u7b97\u66f8\u304c\u60aa\u5316\u3057\u3066\u3044\u308b\u306e\u306f\u91cd\u5927\u306a\u3053\u3068\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p>\u3082\u3061\u308d\u3093\u91cd\u5927\u3060\uff01\u3000\u501f\u91d1\u3092\u8ffd\u3063\u305f\u653f\u5e9c\u306f\u56fd\u50b5\u306b\u5bfe\u3059\u308b\u5229\u6255\u3044\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u305a\u3001\u5143\u672c\u3082\u8fd4\u6e08\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u3001\u305d\u306e\u7fa9\u52d9\u306f\u91cd\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5229\u4e0a\u3052\u306b\u3088\u3063\u3066\u653f\u5e9c\u306f\u8ca1\u653f\u7684\u306b\u304b\u306a\u308a\u307e\u305a\u3044\u7acb\u5834\u306b\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306b\u3088\u308bGDP\u6bd4\u306e\u5229\u6255\u3044\u306e\u91cf\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u6025\u9a30\u3057\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\/2023-1q-us-federal-government-interest-payments-to-gdp-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-1q-us-federal-government-interest-payments-to-gdp-chart.png\" alt=\"\" class=\"wp-image-37448\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-1q-us-federal-government-interest-payments-to-gdp-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/06\/2023-1q-us-federal-government-interest-payments-to-gdp-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u306e\u3060\u304b\u3089\u3001\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u5897\u3048\u308b\u306e\u306f\u5f53\u7136\u3067\u3042\u308b\u3002\u7a4d\u307f\u4e0a\u304c\u3063\u305f\u653f\u5e9c\u306e\u501f\u91d1\u306f\u3001\u4eca\u306e\u65e5\u672c\u3067\u305d\u3046\u306a\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u7a76\u6975\u7684\u306b\u306f\u5897\u7a0e\u304b\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u3063\u3066\u5e33\u6d88\u3057\u306b\u3055\u308c\u308b\u3002\u653f\u6cbb\u5bb6\u306f\u50b7\u3092\u8ca0\u308f\u305a\u3001\u50b7\u3092\u8ffd\u3046\u306e\u306f\u7d50\u5c40\u306f\u5bb6\u8a08\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30502\" data-type=\"post\" data-id=\"30502\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u65e5\u672c\u306f\u91d1\u5229\u9ad8\u9a30\u304b\u901a\u8ca8\u66b4\u843d\u304b\u3092\u9078\u3076\u3053\u3068\u306b\u306a\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u554f\u984c\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u305d\u308c\u304c\u554f\u984c\u306b\u306a\u308b\u306e\u306f\u3044\u3064\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\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>\u3053\u308c\u306f\u5927\u304d\u306a\u554f\u984c\u306b\u306a\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u7b54\u3048\u306f\u3001\u77ed\u671f\u7684\u306b\u306f\u6050\u3089\u304f\u305d\u308c\u307b\u3069\u5927\u304d\u306a\u554f\u984c\u306b\u306f\u306a\u3089\u306a\u3044\u304c\u3001\u304b\u306a\u308a\u5f8c\u3067\u6050\u3089\u304f\u305d\u3046\u306a\u308b\u3060\u308d\u3046\u3068\u3044\u3046\u3082\u306e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3067\u306f\u77ed\u671f\u7684\u306b\u306f\u3069\u3046\u306a\u308b\u306e\u3060\u308d\u3046\u304b\u3002\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>\u77ed\u671f\u7684\u306b\u306f\u3001\u3082\u3057\u56fd\u50b5\u306e\u4f9b\u7d66\u304c\u9700\u8981\u3092\u5727\u5012\u7684\u306b\u4e0a\u56de\u308b\u3088\u3046\u306a\u9700\u7d66\u554f\u984c\u304c\u8d77\u3053\u3089\u306a\u3051\u308c\u3070\u3001\u8a31\u5bb9\u3067\u304d\u308b\u7bc4\u56f2\u306e\u4f4e\u6210\u9577\u3068\u8a31\u5bb9\u3067\u304d\u308b\u7bc4\u56f2\u306e\u9ad8\u30a4\u30f3\u30d5\u30ec\uff08\u3064\u307e\u308a\u306f\u30de\u30a4\u30eb\u30c9\u306a\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\uff09\u304c\u8d77\u304d\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u304c\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u5c11\u306a\u304f\u3068\u3082\u3001\u7a4d\u307f\u4e0a\u304c\u3063\u305f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u3042\u308b\u9650\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u6df1\u523b\u306a\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308b\u3053\u3068\u306f\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306f\u6e1b\u5c11\u3057\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\/07\/2023-jun-us-real-m2-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/07\/2023-jun-us-real-m2-chart.png\" alt=\"\" class=\"wp-image-38463\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/07\/2023-jun-us-real-m2-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/07\/2023-jun-us-real-m2-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u7a4d\u307f\u4e0a\u304c\u3063\u305f\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u3053\u306e\u307e\u307e\u56de\u53ce\u3055\u308c\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u666f\u6c17\u5f8c\u9000\u306f\u514d\u308c\u306a\u3044\u3060\u308d\u3046\u3002\u73fe\u5728\u306e\u30da\u30fc\u30b9\u3060\u3068\u3001\u30b3\u30ed\u30ca\u524d\u306e\u6c34\u6e96\u307e\u3067\u6e1b\u5c11\u3059\u308b\u306e\u306f\u6765\u5e74\u534a\u3070\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u304c\u56de\u53ce\u3055\u308c\u306a\u3044\u306e\u3067\u3042\u308c\u3070\u3001\u6765\u5e74\u306e\u30b7\u30ca\u30ea\u30aa\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28683\" data-type=\"post\" data-id=\"28683\">\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u3001\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3067\u91d1\u4fa1\u683c\u9ad8\u9a30\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u30c0\u30ea\u30aa\u6c0f\u306f\u9577\u671f\u7684\u306a\u30d0\u30c3\u30c9\u30a8\u30f3\u30c9\u3082\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u305d\u3061\u3089\u306b\u3064\u3044\u3066\u3082\u8a18\u4e8b\u306b\u3059\u308b\u3064\u3082\u308a\u306a\u306e\u3067\u3001\u697d\u3057\u307f\u306b\u3057\u3066\u304a\u3044\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\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\u304cLinkedIn\u306e\u30d6\u30ed\u30b0\u3067\u77ed\u671f\u7684\u306a\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3\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":[59,118,111,108],"tags":[102],"class_list":["post-38592","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/38592","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=38592"}],"version-history":[{"count":23,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/38592\/revisions"}],"predecessor-version":[{"id":38615,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/38592\/revisions\/38615"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=38592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=38592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=38592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}