{"id":39167,"date":"2023-08-23T20:00:00","date_gmt":"2023-08-23T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=39167"},"modified":"2023-08-23T10:37:28","modified_gmt":"2023-08-23T01:37:28","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%e6%a0%aa%e4%be%a1%e4%b8%8b%e8%90%bd%e3%81%ae%e7%9b%b4%e5%89%8d%e3%81%8b%e3%82%89","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39167","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u682a\u4fa1\u4e0b\u843d\u306e\u76f4\u524d\u304b\u3089\u7c73\u56fd\u682a\u306b\u5f31\u6c17"},"content":{"rendered":"\n<p>\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u5275\u696d\u3057\u305f\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u304c\u3001\u682a\u4fa1\u306e\u4e0b\u843d\u304c\u59cb\u307e\u308b\u76f4\u524d\u306e7\u6708\u5f8c\u534a\u306b\u7c73\u56fd\u682a\u306b\u5f31\u6c17\u306a\u898b\u65b9\u3092\u793a\u3057\u3066\u3044\u305f\u3068Reuters\u304c\u5831\u3058\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u3068\u30c9\u30eb\u306b\u5f31\u6c17<\/strong><\/p>\n\n\n\n<p>Bridgewater\u306f7\u670825\u65e5\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u4f1a\u5408\u3067\u3001\u65d7\u8266\u30d5\u30a1\u30f3\u30c9\u3067\u3042\u308bPure Alpha\u30d5\u30a1\u30f3\u30c9\u304c\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306e\u4e21\u65b9\u306b\u5bfe\u3057\u3066\u300c\u7a0b\u3005\u306b\u5f31\u6c17\u300d\u3067\u3042\u308b\u3068\u660e\u304b\u3057\u305f\u3089\u3057\u3044\u3002\u307e\u305f\u3001Reuters\u306b\u3088\u308c\u3070Bridgewater\u306f\u30c9\u30eb\u306b\u5bfe\u3057\u3066\u3082\u5f31\u6c17\u3060\u3063\u305f\u3068\u3044\u3046\u3002\u306a\u304b\u306a\u304b\u306e\u7c73\u56fd\u58f2\u308a\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5f8c\u3069\u3046\u306a\u3063\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u7c73\u56fd\u682a\u306b\u3064\u3044\u3066\u306f\u8a00\u3046\u307e\u3067\u3082\u306a\u3044\u3060\u308d\u3046\u3002S&amp;P 500\u306e\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\/08\/2023-8-23-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-23-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-39192\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-23-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-23-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u305d\u3057\u3066\u9577\u671f\u91d1\u5229\u3001\u3064\u307e\u308a10\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306e\u901a\u308a\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\/08\/2023-8-23-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-23-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-39194\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-23-us-10-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-23-us-10-year-treasury-bond-yield-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u56fd\u50b5\u306b\u3068\u3063\u3066\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u682a\u5f0f\u3068\u56fd\u50b5\u306e\u4e21\u65b9\u304c\u30c0\u30ea\u30aa\u6c0f\u306e\u76f8\u5834\u89b3\u901a\u308a\u4e0b\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30c0\u30ea\u30aa\u6c0f\u306e\u76f8\u5834\u89b3<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u4eca\u4f55\u3092\u8003\u3048\u3066\u3044\u308b\u3060\u308d\u3046\u304b\u3002\u6050\u3089\u304f\u5f7c\u306e\u8003\u3048\u306e\u4e2d\u5fc3\u306b\u3042\u308b\u306e\u306f\u7c73\u56fd\u50b5\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u5c11\u3057\u524d\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u77ed\u671f\u7684\u306a\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u53ef\u80fd\u6027\u3092\u6307\u6458\u3057\u306a\u304c\u3089\u3082\u3001\u7c73\u56fd\u50b5\u306b\u8cb7\u3044\u624b\u304c\u898b\u3064\u304b\u3089\u306a\u3044\u53ef\u80fd\u6027\u3001\u305d\u3057\u3066\u305d\u3046\u306a\u3089\u306a\u304b\u3063\u305f\u5834\u5408\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u4f4e\u6210\u9577\u304c\u540c\u5c45\u3059\u308b\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38592\" data-type=\"post\" data-id=\"38592\">\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<\/a><\/li>\n<\/ul>\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>\u3060\u304c\u56fd\u50b5\u306b\u8cb7\u3044\u624b\u304c\u898b\u3064\u304b\u3089\u305a\u4fa1\u683c\u304c\u4e0b\u304c\u308b\u306b\u3057\u3066\u3082\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u306b\u3057\u3066\u3082\u3001\u3069\u3061\u3089\u306b\u3057\u3066\u3082\u91d1\u5229\u304c\u4e0a\u304c\u308b\u30b7\u30ca\u30ea\u30aa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u5f53\u7136\u30c0\u30ea\u30aa\u6c0f\u306f\u91d1\u5229\u4e0a\u6607\uff08\u3064\u307e\u308a\u56fd\u50b5\u4fa1\u683c\u4e0b\u843d\uff09\u306b\u8ced\u3051\u305f\u306e\u3060\u308d\u3046\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u305f\u901a\u308a\u3001\u5b9f\u969b\u306b\u306f\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4f4e\u4e0b\u3057\u306a\u304c\u3089\u306e\u91d1\u5229\u4e0a\u6607\u304c\u8d77\u3053\u3063\u305f\u306e\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u3067\u306f\u306a\u304f\u56fd\u50b5\u306e\u9700\u8981\u4e0d\u8db3\u306e\u65b9\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u5b9f\u73fe\u3057\u305f\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38954\" data-type=\"post\" data-id=\"38954\">\u7c73\u56fd\u682a\u4e0b\u843d\u306e\u539f\u56e0: \u7c73\u56fd\u50b5\u304b\u3089\u8cc7\u91d1\u6d41\u51fa\u306e\u5146\u5019<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u9577\u671f\u91d1\u5229\u4e0a\u6607\u306e\u5f71\u97ff<\/strong><\/p>\n\n\n\n<p>\u305d\u3053\u307e\u3067\u8003\u3048\u308c\u3070\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u682a\u4fa1\u3078\u306e\u4e88\u60f3\u3082\u60f3\u50cf\u304c\u3064\u304f\u3002\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308b\u682a\u4fa1\u4e0b\u843d\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u305d\u308c\u3082\u5b9f\u969b\u306b\u305d\u3046\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u91d1\u5229\u306b\u6bd4\u3079\u305f\u682a\u4fa1\u6c34\u6e96\u306f\u3082\u3068\u3082\u3068\u5e02\u5834\u7a00\u306b\u898b\u308b\u30ec\u30d9\u30eb\u3067\u9ad8\u304b\u3063\u305f\u3002\u9577\u671f\u91d1\u5229\u306f2022\u5e74\u306b\u682a\u5b89\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u6c34\u6e96\u307e\u3067\u4e0a\u304c\u3063\u3066\u3044\u308b\u306e\u306b\u3001\u682a\u4fa1\u306e\u65b9\u306f\u5e02\u5834\u6700\u9ad8\u5024\u306b\u8fd1\u3044\u3002\u305d\u3057\u3066\u305d\u308c\u3092\u8ab0\u3082\u6c17\u306b\u3057\u306a\u3044\u3002\u305d\u308c\u304c\u305d\u3082\u305d\u3082\u30d0\u30d6\u30eb\u306a\u306e\u3067\u3042\u308b\u3002\u500b\u4eba\u6295\u8cc7\u5bb6\u306f\u91d1\u5229\u3068\u682a\u4fa1\u306e\u6bd4\u8f03\u3055\u3048\u3084\u3089\u306a\u3044\u306e\u3060\u308d\u3046\u304c\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30c0\u30ea\u30aa\u6c0f\u306f\u30c9\u30eb\u306b\u5bfe\u3057\u3066\u3082\u5f31\u6c17\u3089\u3057\u3044\u3002\u30c9\u30eb\u306f\u9577\u671f\u91d1\u5229\u4e0a\u6607\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3066\u3084\u3084\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u8cea\u91d1\u5229\u4e0a\u6607\u306e\u5272\u306b\u306f\u30c9\u30eb\u306f\u4e0a\u304c\u3063\u3066\u3044\u306a\u3044\u3068\u8a00\u3048\u308b\u3002\u5b9f\u8cea\u91d1\u5229\u3068\u30c9\u30eb\u5186\u3092\u6bd4\u3079\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\/08\/2023-8-22-us-10-year-tips-yield-and-usdjpy-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"507\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-22-us-10-year-tips-yield-and-usdjpy-chart.png\" alt=\"\" class=\"wp-image-39174\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-22-us-10-year-tips-yield-and-usdjpy-chart.png 507w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-22-us-10-year-tips-yield-and-usdjpy-chart-300x276.png 300w\" sizes=\"auto, (max-width: 507px) 100vw, 507px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u308c\u306f\u65e5\u9280\u306e\u690d\u7530\u7dcf\u88c1\u306e\u5229\u4e0a\u3052\u52aa\u529b\u304c\u52b9\u3044\u3066\u3044\u308b\u3068\u3082\u8a00\u3048\u308b\u304c\u3001\u30e6\u30fc\u30ed\u30c9\u30eb\u3067\u898b\u3066\u3082\u30c9\u30eb\u306f\u305d\u308c\u307b\u3069\u4e0a\u304c\u3063\u3066\u3044\u306a\u3044\u306e\u3067\u3001\u5b9f\u8cea\u91d1\u5229\u306e\u4e0a\u6607\u306e\u5272\u306b\u30c9\u30eb\u9ad8\u306e\u52e2\u3044\u304c\u5f31\u307e\u308a\u3064\u3064\u3042\u308b\u3068\u3082\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u306f\u3082\u3057\u304b\u3059\u308c\u3070\u3001\u30be\u30eb\u30bf\u30f3\u30fb\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306a\u9577\u671f\u30c9\u30eb\u5b89\u306e\u30c8\u30ec\u30f3\u30c9\u304c\u52b9\u304d\u59cb\u3081\u3066\u3044\u308b\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37984\" data-type=\"post\" data-id=\"37984\">\u91d1\u5229\u5e02\u5834\u306e\u5929\u624d\u30be\u30eb\u30bf\u30f3\u30fb\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f\u3001\u30c9\u30eb\u306e\u5d29\u58ca\u3092\u4e88\u60f3\u3059\u308b\u305f\u3081\u306e\u30ea\u30b5\u30fc\u30c1\u4f01\u696d\u3092\u5275\u696d<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u7c73\u56fd\u50b5\u306e\u4e0b\u843d\u3068\u3044\u3044\u3001\u65e5\u672c\u5186\u306e\u4e0b\u843d\u3068\u3044\u3044\u3001\u56fd\u5bb6\u306e\u51cb\u843d\u3092\u8c61\u5fb4\u3059\u308b\u3088\u3046\u306a\u30c8\u30ec\u30f3\u30c9\u304c\u3044\u304f\u3064\u3082\u59cb\u307e\u308a\u59cb\u3081\u3066\u3044\u308b\u306e\u306f\u4e0d\u6c17\u5473\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38954\" data-type=\"post\" data-id=\"38954\">\u7c73\u56fd\u682a\u4e0b\u843d\u306e\u539f\u56e0: \u7c73\u56fd\u50b5\u304b\u3089\u8cc7\u91d1\u6d41\u51fa\u306e\u5146\u5019<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u3088\u3046\u306b\u5229\u4e0a\u3052\u3092\u3059\u308c\u3070\u901a\u8ca8\u306e\u5f37\u3055\u306f\u7dad\u6301\u3067\u304d\u308b\u304c\u56fd\u50b5\u306f\u4e0b\u843d\u3059\u308b\u3002\u65e5\u672c\u306e\u3088\u3046\u306b\u7de9\u548c\u3092\u7d9a\u3051\u308c\u3070\u56fd\u50b5\u306f\u8cb7\u3044\u652f\u3048\u3089\u308c\u308b\u304c\u901a\u8ca8\u304c\u4e0b\u843d\u3057\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u308b\u3002<\/p>\n\n\n\n<p>\u7d50\u5c40\u3001\u30a4\u30f3\u30d5\u30ec\u306e\u306a\u3044\u307e\u3068\u3082\u306a\u751f\u6d3b\u3092\u3057\u305f\u3051\u308c\u3070\u3001\u884c\u306a\u3046\u3079\u304d\u306f\u7d19\u5e63\u5370\u5237\u306e\u3088\u3046\u306a\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3067\u306f\u306a\u304f\u751f\u7523\u6027\u306e\u5411\u4e0a\u3060\u3068\u3044\u3046\u3053\u3068\u3092\u3001\u81ea\u5206\u306e\u982d\u3067\u8003\u3048\u305a\u306b\u30a4\u30f3\u30d5\u30ec\u4e3b\u7fa9\u3068\u3044\u3046\u51fa\u9c48\u76ee\u306b\u9a19\u3055\u308c\u305f\u4eba\u3005\u306b\u5bfe\u3057\u3066\u91d1\u878d\u5e02\u5834\u306f\u75db\u307f\u3092\u3082\u3063\u3066\u6559\u3048\u3088\u3046\u3068\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\/11992\" data-type=\"post\" data-id=\"11992\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u4e3b\u7fa9\u306f\u975e\u79d1\u5b66\u7684\u8ff7\u4fe1<\/a><\/li>\n\n\n\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>\u4eba\u3005\u306f\u7d19\u5e63\u5370\u5237\u3068\u73fe\u91d1\u7d66\u4ed8\u3092\u597d\u3080\u3002\u65e5\u672c\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u653e\u706b\u3059\u308b\u3088\u3046\u306a\u30ac\u30bd\u30ea\u30f3\u88dc\u52a9\u91d1\u306e\u7d99\u7d9a\u3092\u671b\u3080\u3088\u3046\u306a\u58f0\u304c\u3044\u307e\u3060\u306b\u5b58\u5728\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u653f\u5e9c\u304b\u3089\u7d19\u5e63\u304c\u964d\u3063\u3066\u304d\u3066\u305d\u308c\u3067\u66ae\u3089\u305b\u305f\u3089\u697d\u306a\u751f\u6d3b\u3067\u306f\u306a\u3044\u304b\u3002\u3060\u304c\u91d1\u878d\u5e02\u5834\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u4e0a\u6607\u306b\u3088\u3063\u3066\u5f7c\u3089\u306b\u73fe\u5b9f\u3092\u5448\u793a\u3057\u3066\u3044\u308b\u3002\u81ea\u6c11\u515a\u306b\u304a\u3093\u3076\u306b\u3060\u3063\u3053\u3055\u308c\u308b\u3053\u3068\u3092\u5922\u898b\u306a\u304c\u3089\u3001\u5b9f\u969b\u306b\u306f\u30a8\u30c3\u30d5\u30a7\u30eb\u5854\u306e\u4e0b\u6577\u304d\u306b\u3055\u308c\u3066\u3044\u308b\u81ea\u6c11\u515a\u652f\u6301\u8005\u306b\u306f\u3001\u7d19\u5e63\u5370\u5237\u3067\u98df\u3079\u7269\u306f\u4f5c\u308c\u306a\u3044\u3068\u3044\u3046\u7c21\u5358\u306a\u3053\u3068\u3055\u3048\u6050\u3089\u304f\u6c38\u9060\u306b\u5206\u304b\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u88cf\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u4eba\u3005\u306e\u8caf\u91d1\u306f\u76ee\u6e1b\u308a\u3057\u3001\u653f\u5e9c\u50b5\u52d9\u3068\u3044\u3046\u540d\u306e\u81ea\u6c11\u515a\u306e\u501f\u91d1\u306f\u6226\u5f8c\u306e\u30c9\u30a4\u30c4\u306e\u501f\u91d1\u306e\u3088\u3046\u306b\u7d19\u5207\u308c\u306b\u306a\u3063\u3066\u3086\u304f\u3002\u653f\u6cbb\u5bb6\u306b\u3068\u3063\u3066\u5f7c\u3089\u306f\u975e\u5e38\u306b\u512a\u79c0\u306a\u5bb6\u755c\u3067\u3042\u308b\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>\u5922\u3068\u3044\u3046\u306e\u306f\u610f\u5916\u306b\u9ad8\u4fa1\u306a\u306e\u3067\u3042\u3063\u3066\u3001\u5922\u3092\u898b\u308b\u4eba\u9593\u306f\u5bfe\u4fa1\u3092\u6255\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u5f7c\u3089\u3092\u5f85\u3064\u306e\u306f\u5f7c\u3089\u306b\u3075\u3055\u308f\u3057\u3044\u672a\u6765\u3067\u3042\u3063\u3066\u3001\u7269\u4fa1\u9ad8\u9a30\u304b\u901a\u8ca8\u4e0b\u843d\u304b\u56fd\u50b5\u66b4\u843d\u304b\u3001\u3042\u308b\u3044\u306f\u305d\u306e\u3059\u3079\u3066\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","protected":false},"excerpt":{"rendered":"<p>\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u5275\u696d\u3057\u305f\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u304c\u3001\u682a\u4fa1\u306e\u4e0b\u843d\u304c\u59cb\u307e\u308b\u76f4\u524d\u306e7\u6708\u5f8c\u534a\u306b\u7c73\u56fd\u682a\u306b\u5f31\u6c17\u306a\u898b\u65b9\u3092\u793a\u3057\u3066\u3044\u305f\u3068Reuters\u304c\u5831\u3058\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":[59,118,120,111,19,108],"tags":[102],"class_list":["post-39167","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-usdjpy","category-stock-markets","category-foreign-exchange-market","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39167","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=39167"}],"version-history":[{"count":41,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39167\/revisions"}],"predecessor-version":[{"id":39212,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39167\/revisions\/39212"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=39167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=39167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=39167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}