{"id":39050,"date":"2023-08-20T20:37:23","date_gmt":"2023-08-20T11:37:23","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=39050"},"modified":"2023-08-20T20:37:24","modified_gmt":"2023-08-20T11:37:24","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e4%b8%ad%e5%9b%bd%e3%81%8c%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%82%92%e8%bf%bd%e3%81%84%e6%8a%9c%e3%81%8f%e8%a9%b1%e3%81%af%e3%83%90%e3%83%96%e3%83%ab","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39050","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u4e2d\u56fd\u304c\u30a2\u30e1\u30ea\u30ab\u3092\u8ffd\u3044\u629c\u304f\u8a71\u306f\u30d0\u30d6\u30eb\u671f\u306e\u65e5\u672c\u795e\u8a71\u3068\u540c\u3058"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u6b21\u3005\u306b\u554f\u984c\u304c\u8868\u9762\u5316\u3059\u308b\u4e2d\u56fd\u7d4c\u6e08\u3092\u898b\u3066\u30a2\u30e1\u30ea\u30ab\u4eba\u306e\u8996\u70b9\u304b\u3089\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u5f15\u304d\u7d9a\u304d\u5d29\u58ca\u3059\u308b\u4e2d\u56fd\u7d4c\u6e08<\/strong><\/p>\n\n\n\n<p>\u4e2d\u56fd\u7d4c\u6e08\u306e\u554f\u984c\u304c\u8868\u9762\u5316\u3057\u3066\u3044\u308b\u30022021\u5e74\u306e\u6052\u5927\u96c6\u56e3\u306b\u7d9a\u3044\u3066\u4eca\u6708\u306b\u306f\u78a7\u6842\u5712\u3082\u30c7\u30d5\u30a9\u30eb\u30c8\u3092\u5831\u3058\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38874\" data-type=\"post\" data-id=\"38874\">\u78a7\u6842\u5712\u306e\u7834\u7dbb\u5371\u6a5f\u3068\u4f55\u3082\u7d42\u308f\u3063\u3066\u3044\u306a\u3044\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u5ef6\u547d\u88c5\u7f6e\u306b\u7e4b\u304c\u308c\u305f\u307e\u307e\u307e\u3060\u751f\u304d\u3066\u3044\u308b\u6052\u5927\u96c6\u56e3\u306e\u65b9\u306f\u540c\u3058\u304f\u4eca\u6708\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u7834\u7523\u6cd5\u306e\u9069\u7528\u7533\u8acb\u3092\u3057\u306a\u304c\u3089\u300c\u3053\u308c\u306f\u7834\u7523\u7533\u8acb\u3067\u306f\u306a\u3044\u300d\u3068\u3044\u3046\u610f\u5473\u4e0d\u660e\u306e\u58f0\u660e\u6587\u3092\u767a\u3057\u3066\u3044\u308b\u3002\u5186\u5b89\u3067\u8f38\u5165\u7269\u4fa1\u306e\u9ad8\u9a30\u3092\u3082\u305f\u3089\u3057\u306a\u304c\u3089\u300c\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u3092\u9054\u6210\u51fa\u6765\u306a\u304b\u3063\u305f\u3053\u3068\u304c\u6b8b\u5ff5\u300d\u3068\u8a00\u3044\u6b8b\u3057\u3066\u53bb\u3063\u3066\u3044\u3063\u305f\u65e5\u9280\u306e\u9ed2\u7530\u306a\u306b\u304c\u3057\u3068\u4e2d\u306e\u4eba\u304c\u540c\u3058\u306a\u306e\u3060\u308d\u3046\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>\u3055\u3066\u3001\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u304c\u30012021\u5e74\u304b\u3089\u9577\u3044\u6642\u9593\u3092\u304b\u3051\u3066\u5d29\u58ca\u3057\u3066\u3044\u3063\u3066\u3044\u308b\u3088\u3046\u3060\u3002\u9999\u6e2f\u30cf\u30f3\u30bb\u30f3\u6307\u6570\u306b\u306f\u305a\u3063\u3068\u8868\u308c\u3066\u3044\u305f\u554f\u984c\u306a\u306e\u3060\u304c\u3001\u4e16\u754c\u306e\u91d1\u878d\u5e02\u5834\u306f\u305d\u308c\u306b\u4eca\u66f4\u6c17\u3065\u3044\u3066\u614c\u3066\u3066\u3044\u308b\u3002\u9999\u6e2f\u30cf\u30f3\u30bb\u30f3\u6307\u6570\u306f\u7d99\u7d9a\u7684\u306b\u4e0b\u843d\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\/08\/2023-8-20-hang-seng-index-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-20-hang-seng-index-chart.png\" alt=\"\" class=\"wp-image-39057\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-20-hang-seng-index-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-20-hang-seng-index-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u4e2d\u56fd\u7d4c\u6e08\u3078\u306e\u898b\u65b9<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u4e2d\u56fd\u8d14\u5c53\u306e\u91d1\u878d\u95a2\u4fc2\u8005\u3082\u591a\u3044\u306a\u304b\u3067\u3001\u4e00\u8cab\u3057\u3066\u4e2d\u56fd\u7d4c\u6e08\u306b\u61d0\u7591\u7684\u3060\u3063\u305f\u4eba\u7269\u304c\u3044\u308b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\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>\u4e2d\u56fd\u7d4c\u6e08\u3068\u3044\u3046\u65b0\u8208\u52e2\u529b\u304c\u6e1b\u901f\u3092\u59cb\u3081\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u3082\u3046\u4f55\u5e74\u3082\u8003\u3048\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<p>\u65b0\u8208\u52e2\u529b\u306f\u5927\u62b5\u305d\u3046\u306a\u308b\u3002\u53e4\u5178\u7684\u306a\u4f8b\u306f1960\u5e74\u306e\u30ed\u30b7\u30a2\u3067\u30011980\u5e74\u306b\u306f\u30a2\u30e1\u30ea\u30ab\u3092\u8ffd\u3044\u629c\u304f\u3068\u898b\u306a\u3055\u308c\u3066\u3044\u305f\u3002\u3042\u308b\u3044\u306f\u540c\u3058\u304f\u30a2\u30e1\u30ea\u30ab\u3092\u8ffd\u3044\u629c\u304f\u3068\u8003\u3048\u3089\u308c\u3066\u3044\u305f1990\u5e74\u306e\u65e5\u672c\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306a\u3069\u304c\u3001\u4e2d\u56fd\u7d4c\u6e08\u306f\u3044\u305a\u308c\u30a2\u30e1\u30ea\u30ab\u3092\u8ffd\u3044\u8d8a\u3059\u3068\u3044\u3046\u898b\u65b9\u3092\u652f\u6301\u3059\u308b\u4e00\u65b9\u3067\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u305a\u3063\u3068\u305d\u306e\u898b\u65b9\u306b\u61d0\u7591\u7684\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9934\" data-type=\"post\" data-id=\"9934\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u30a2\u30e1\u30ea\u30ab\u306e\u8987\u6a29\u304c\u4e2d\u56fd\u306b\u596a\u308f\u308c\u308b4\u3064\u306e\u9053\u7b4b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27343\" data-type=\"post\" data-id=\"27343\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u4e2d\u56fd\u7d4c\u6e08\u306f\u30bd\u9023\u3084\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u4e8c\u306e\u821e\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u3082\u4eca\u3059\u3050\u306b\u305d\u3046\u306a\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u304c\u3001\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u306f\u5de8\u5927\u3067\u3042\u308a\u3001\u591a\u304b\u308c\u5c11\u306a\u304b\u308c\u30d0\u30d6\u30eb\u5d29\u58ca\u5f8c\u306e\u65e5\u672c\u7d4c\u6e08\u306e\u3088\u3046\u306b\u306a\u308b\u3053\u3068\u306f\u907f\u3051\u3089\u308c\u306a\u3055\u305d\u3046\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u610f\u5473\u3067\u306f\u4eca\u3053\u306e\u8b70\u8ad6\u306f\u30b5\u30de\u30fc\u30ba\u6c0f\u306b\u8ecd\u914d\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u897f\u6d0b\u3067\u306f\u591a\u304f\u306e\u4eba\u304c\u4e2d\u56fd\u306b\u6ce8\u76ee\u3057\u3066\u304d\u305f\u3002\u7b46\u8005\u306e\u53cb\u4eba\u306b\u3082\u5b50\u4f9b\u306b\u4e2d\u56fd\u8a9e\u3092\u5b66\u3070\u305b\u3066\u3044\u308b\u6b27\u7c73\u4eba\u306f\u5c11\u306a\u304f\u306a\u3044\u3002\u3060\u304c\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3053\u308c\u3092\u9006\u624b\u306b\u53d6\u3063\u3066\u3053\u3046\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>\u305d\u3053\u3067\u304b\u306a\u308a\u4fbf\u5229\u306a\u6cd5\u5247\u3092\u5c0e\u304d\u51fa\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u9ad8\u6821\u751f\u304c\u4f55\u304b\u5916\u56fd\u8a9e\u3092\u3053\u305e\u3063\u3066\u5b66\u3076\u3088\u3046\u306b\u306a\u308c\u3070\u3001\u305d\u308c\u306f\u305d\u306e\u56fd\u306e\u7d4c\u6e08\u304c\u6e1b\u901f\u3059\u308b\u5146\u5019\u3060\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u3089\u3057\u3044\u9006\u5f35\u308a\u3067\u3042\u308b\u3002\u5a18\u306b\u4e2d\u56fd\u8a9e\u3092\u5b66\u3070\u305b\u308b\u305f\u3081\u306b\u308f\u3056\u308f\u3056\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306b\u307e\u3067\u79fb\u4f4f\u3057\u305f\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u3078\u306e\u3042\u3066\u3064\u3051\u3060\u308d\u3046\u304b\u3002\u3060\u304c\u305d\u306e\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u3082\u3001\u8fd1\u5e74\u306f\u4e2d\u56fd\u7d4c\u6e08\u306b\u5f31\u6c17\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/15998\" data-type=\"post\" data-id=\"15998\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f: \u4e2d\u56fd\u306f\u81ea\u56fd\u306e\u4eba\u3005\u3092\u5bb3\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u4e2d\u56fd\u7d4c\u6e08\u306e\u554f\u984c<\/strong><\/p>\n\n\n\n<p>\u4e2d\u56fd\u7d4c\u6e08\u306f\u3069\u306e\u3088\u3046\u306a\u554f\u984c\u306b\u76f4\u9762\u3057\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u304b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\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>\u4e2d\u56fd\u7d4c\u6e08\u306f\u3044\u304f\u3064\u3082\u306e\u77ed\u671f\u7684\u56f0\u96e3\u306b\u76f4\u9762\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u4e0d\u52d5\u7523\u3078\u306e\u904e\u5270\u306a\u4f9d\u5b58\u304b\u3089\u6765\u308b\u91d1\u878d\u5e02\u5834\u306e\u554f\u984c\u3084\u3001\u8f38\u51fa\u5e02\u5834\u306e\u4e0d\u632f\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4e0d\u52d5\u7523\u306e\u554f\u984c\u306f\u5730\u65b9\u653f\u5e9c\u304c\u70b9\u6570\u7a3c\u304e\u306e\u305f\u3081\u306b\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u3067GDP\u3092\u7121\u7406\u3084\u308a\u5e95\u4e0a\u3052\u3057\u3088\u3046\u3068\u3057\u305f\u3053\u3068\u306b\u8d77\u56e0\u3057\u3066\u3044\u308b\u3002\u8a73\u3057\u304f\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u53c2\u7167\u3057\u3066\u307b\u3057\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38874\" data-type=\"post\" data-id=\"38874\">\u78a7\u6842\u5712\u306e\u7834\u7dbb\u5371\u6a5f\u3068\u4f55\u3082\u7d42\u308f\u3063\u3066\u3044\u306a\u3044\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u4ed8\u3051\u52a0\u3048\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>\u305d\u3057\u3066\u66f4\u306b\u6839\u306e\u6df1\u3044\u672c\u8cea\u7684\u554f\u984c\u3082\u3042\u308b\u3002\u53bb\u5e74\u4e2d\u56fd\u4eba\u306e\u89aa\u304c\u6301\u3063\u305f\u5b50\u4f9b\u306e\u6570\u304c6\u5e74\u524d\u306b\u6bd4\u3079\u3066\u534a\u5206\u306b\u306a\u3063\u305f\u3053\u3068\u3084\u3001\u591a\u304f\u306e\u5bcc\u88d5\u5c64\u304c\u3053\u305e\u3063\u3066\u304a\u91d1\u3092\u56fd\u5916\u306b\u6301\u3061\u51fa\u305d\u3046\u3068\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3001\u5f8c\u8005\u306f\u65b0\u8208\u5e02\u5834\u306b\u3068\u3063\u3066\u5e38\u306b\u5dee\u3057\u8feb\u3063\u305f\u56f0\u96e3\u306e\u5146\u5019\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4eba\u53e3\u554f\u984c\u306f\u6050\u3089\u304f\u4e2d\u56fd\u7d4c\u6e08\u306e\u62b1\u3048\u308b\u4e00\u756a\u5927\u304d\u306a\u554f\u984c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eba\u53e3\u6e1b\u5c11\u306f\u672c\u6765\u7d4c\u6e08\u306b\u3068\u3063\u3066\u554f\u984c\u306b\u306a\u3089\u306a\u3044\u3002\u4f8b\u3048\u3070\u30b9\u30a4\u30b9\u306f\u4eba\u53e3\u306f\u5c11\u306a\u3044\u304c\u88d5\u798f\u306a\u56fd\u3067\u3042\u308b\u3002\u3060\u304c\u653f\u5e9c\u50b5\u52d9\u3084\u5e74\u91d1\u306b\u3088\u3063\u3066\u82e5\u8005\u304b\u3089\u5e74\u5bc4\u308a\u3078\u306e\u8cc7\u7523\u306e\u79fb\u8ee2\u304c\u884c\u308f\u308c\u3066\u3044\u308b\u56fd\u306b\u304a\u3044\u3066\u82e5\u8005\u304c\u6e1b\u3063\u305f\u5834\u5408\u3001\u305d\u308c\u306f\u7d4c\u6e08\u7684\u306a\u554f\u984c\u3068\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31231\" data-type=\"post\" data-id=\"31231\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u9ad8\u9f62\u8005\u304c\u82e5\u8005\u304b\u3089\u643e\u53d6\u3059\u308b\u7a0e\u5236\u3092\u75db\u70c8\u6279\u5224<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u50b5\u52d9\u3092\u5897\u3084\u3057\u305f\u5f8c\u306b\u7d4c\u6e08\u306e\u898f\u6a21\u3092\u7e2e\u5c0f\u3059\u308b\u3068\u3001\u5de8\u5927\u306a\u50b5\u52d9\u3060\u3051\u304c\u6b8b\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u672c\u5f53\u306e\u554f\u984c\u306f\u30cd\u30ba\u30df\u8b1b\u305d\u306e\u3082\u306e\u3067\u3042\u308b\u5e74\u91d1\u5236\u5ea6\u3084\u653f\u5e9c\u50b5\u52d9\uff08\u4e2d\u56fd\u306e\u5834\u5408\u306f\u30b7\u30e3\u30c9\u30fc\u30d0\u30f3\u30ad\u30f3\u30b0\uff09\u306a\u306e\u3060\u304c\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u66f4\u306b\u4ed8\u3051\u52a0\u3048\u308b\u306a\u3089\u3070\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u6307\u6458\u3057\u3066\u3044\u305f\u4e2d\u56fd\u5171\u7523\u515a\u6307\u5c0e\u90e8\u306e\u554f\u984c\u3082\u3042\u308b\u3002\u4eca\u3001\u7d4c\u6e08\u304c\u5371\u6a5f\u7684\u72b6\u6cc1\u306b\u3042\u308b\u4e2d\u56fd\u306e\u30c8\u30c3\u30d7\u306f\u3001\u7d4c\u6e08\u3092\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u4eba\u9593\u304c\u725b\u8033\u3063\u3066\u3044\u308b\u3002\u3053\u306e\u554f\u984c\u306f\u7b46\u8005\u306f\u500b\u4eba\u7684\u306b\u975e\u5e38\u306b\u5927\u304d\u3044\u3068\u601d\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306f\u8aad\u3093\u3067\u304a\u3044\u3066\u3082\u3089\u3044\u305f\u3044\u3002\u4e2d\u56fd\u304c\u4eca\u5f8c\u3069\u3046\u306a\u308b\u304b\u3092\u5360\u3046\u4e0a\u3067\u52a9\u3051\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31201\" data-type=\"post\" data-id=\"31201\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u4e2d\u56fd\u306e\u65b0\u4f53\u5236\u304b\u3089\u5e02\u5834\u5bc4\u308a\u306e\u30b0\u30ed\u30fc\u30d0\u30ea\u30b9\u30c8\u304c\u6d88\u3048\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u4e2d\u56fd\u7d4c\u6e08\u306e\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u4e2d\u56fd\u7d4c\u6e08\u306b\u3064\u3044\u3066\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>\u4eca\u5f8c10\u5e74\u3001\u4e2d\u56fd\u7d4c\u6e08\u306e\u6210\u9577\u901f\u5ea6\u304c\u4e3b\u8981\u56fd\u306e\u5e73\u5747\u4ee5\u4e0a\u306b\u306a\u308b\u304b\u3069\u3046\u304b\u306b\u306f\u307e\u3063\u305f\u304f\u78ba\u4fe1\u304c\u6301\u3066\u306a\u3044\u3002\u305d\u3057\u3066\u305d\u3046\u306a\u308c\u3070\u305d\u308c\u306f\u3053\u308c\u307e\u306740\u5e74\u308f\u308c\u308f\u308c\u304c\u4f4f\u3093\u3067\u3044\u305f\u3082\u306e\u3068\u306f\u307e\u3063\u305f\u304f\u9055\u3046\u4e16\u754c\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u4e16\u754c\u7d4c\u6e08\u3067\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8\u306f2\u3064\u3042\u3063\u305f\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u307e\u305a1\u3064\u76ee\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u4e0a\u6607\u3067\u3042\u308b\u3002\u30c7\u30d5\u30ec\u3068\u4f4e\u91d1\u5229\u304c\u682a\u4fa1\u3092\u62bc\u3057\u4e0a\u3052\u3066\u304d\u305f\u6642\u4ee3\u3068\u306f\u7570\u306a\u308b\u6642\u4ee3\u304c\u65e2\u306b\u59cb\u307e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39036\" data-type=\"post\" data-id=\"39036\">\u30b5\u30de\u30fc\u30ba\u6c0f\u3001\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0\u306b\u306a\u3063\u305f\u9577\u671f\u91d1\u5229\u4e0a\u6607\u306e\u7d99\u7d9a\u3092\u4e88\u60f3<\/a><\/li>\n\n\n\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\n\n\n<p>\u305d\u3057\u3066\u6050\u3089\u304f\u6295\u8cc7\u5bb6\u306f\u3082\u30461\u3064\u306e\u30d1\u30e9\u30c0\u30a4\u30e0\u30b7\u30d5\u30c8\u3092\u76f4\u8996\u3059\u3079\u304d\u306a\u306e\u3060\u308d\u3046\u3002\u305d\u308c\u306f\u4e2d\u56fd\u30d0\u30d6\u30eb\u306e\u5d29\u58ca\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u5358\u306b\u4e2d\u56fd\u3060\u3051\u306e\u554f\u984c\u3067\u306f\u306a\u304f\u3001\u4e16\u754c\u7d4c\u6e08\u306b\u3082\u5c11\u306a\u304f\u306a\u3044\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3060\u308d\u3046\u3002\u4e16\u754c\u7d4c\u6e08\u306e\u591a\u304f\u306e\u90e8\u5206\u304c\u4e2d\u56fd\u306e\u7d4c\u6e08\u6210\u9577\u3092\u524d\u63d0\u306b\u52d5\u3044\u3066\u304d\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u4e2d\u56fd\u306f\u305d\u306e\u5f8c\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u65e5\u672c\u7d4c\u6e08\u306e\u3088\u3046\u306b\u306a\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u4e2d\u56fd\u3068\u65e5\u672c\u306e\u5927\u304d\u306a\u9055\u3044\u304c1\u3064\u3042\u308b\u3002\u4eba\u53e3\u304c\u591a\u3044\u306e\u3067\u30011\u4eba\u5f53\u305f\u308aGDP\u304c\u5148\u9032\u56fd\u306e\u6c34\u6e96\u306b\u306a\u308b\u3060\u3051\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u8ffd\u3044\u8d8a\u3057\u3066\u3057\u307e\u3046\u3068\u3044\u3046\u8a08\u7b97\u306f\u305d\u308c\u3067\u3082\u6210\u308a\u7acb\u3064\u3068\u3044\u3046\u3053\u3068\u3001\u305d\u3057\u3066\u4e8b\u5b9f\u3001\u6b74\u53f2\u30923000\u5e74\u9061\u308c\u3070\u3001\u4e2d\u56fd\u4eba\u306e1\u4eba\u5f53\u305f\u308aGDP\u306f\u3001\u4e2d\u56fd\u7d4c\u6e08\u3092\u4e16\u754c\u9996\u4f4d\u306b\u62bc\u3057\u4e0a\u3052\u308b\u7a0b\u5ea6\u306e\u6c34\u6e96\u3060\u3063\u305f\u3053\u3068\u304c\u591a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u3067\u3082\u4eca\u306f\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u6b63\u3057\u3044\u3002\u7b46\u8005\u304c\u601d\u3044\u51fa\u3059\u306e\u306f\u3001\u3042\u306e\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3067\u3055\u3048\u65e5\u672c\u7d4c\u6e08\u304c\u4e16\u754c\u30c8\u30c3\u30d7\u306b\u306a\u308b\u3068\u3044\u3046\u795e\u8a71\u3092\u4fe1\u3058\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u30bd\u30ed\u30b9\u6c0f\u306f\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u76f4\u524d\u3001\u8457\u66f8\u300e<a rel=\"noreferrer noopener\" href=\"https:\/\/amzn.to\/31XUq7A\" target=\"_blank\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u3067\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3053\u306e\u898f\u6a21\u306e\u30d0\u30d6\u30eb\u304c\u7206\u767a\u3059\u308b\u3053\u3068\u306a\u304f\u8edf\u7740\u9678\u306b\u6210\u529f\u3057\u305f\u4f8b\u306f\u904e\u53bb\u306b\u306a\u3044\u3002\u5f53\u5c40\u306f\u65e5\u672c\u306e\u50b5\u5238\u5e02\u5834\u306e\u66b4\u843d\u3092\u9632\u3050\u3053\u3068\u306f\u3067\u304d\u306a\u304b\u3063\u305f\u3082\u306e\u306e\u3001\u682a\u306e\u66b4\u843d\u3092\u963b\u6b62\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u6301\u7d9a\u7684\u306a\u5186\u9ad8\u304c\u5f53\u5c40\u306b\u5473\u65b9\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3082\u3057\u5f53\u5c40\u304c\u6210\u529f\u3059\u308c\u3070\u3001\u53f2\u4e0a\u521d\u306e\u51fa\u6765\u4e8b\u306b\u306a\u308b\u3002\u3064\u307e\u308a\u3001\u91d1\u878d\u5e02\u5834\u304c\u793e\u4f1a\u306e\u5229\u76ca\u306e\u305f\u3081\u306b\u64cd\u4f5c\u3055\u308c\u308b\u65b0\u3057\u3044\u6642\u4ee3\u306e\u5e55\u958b\u3051\u3068\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u305d\u3046\u306f\u306a\u3089\u306a\u304b\u3063\u305f\u3002\u4e2d\u56fd\u306e\u6307\u5c0e\u90e8\u306f\u5f53\u6642\u306e\u65e5\u672c\u3068\u540c\u3058\u3088\u3046\u306a\u7a1a\u62d9\u306a\u30d0\u30d6\u30eb\u5d29\u58ca\u5bfe\u7b56\u3092\u884c\u306a\u3063\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u5f53\u6642\u3068\u540c\u3058\u3088\u3046\u306b\u3001\u3080\u3057\u308d\u72b6\u6cc1\u3092\u60aa\u5316\u3055\u305b\u308b\u3060\u3051\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u4e2d\u56fd\u7d4c\u6e08\u306e\u884c\u304f\u5148\u3092\u898b\u5b88\u308a\u305f\u3044\u3002<\/p>\n\n\n\n<a 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