{"id":39506,"date":"2023-09-03T20:00:00","date_gmt":"2023-09-03T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=39506"},"modified":"2023-09-03T22:14:33","modified_gmt":"2023-09-03T13:14:33","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e7%b5%8c%e6%b8%88%e3%81%af%e3%82%bd%e3%83%95%e3%83%88%e3%83%a9%e3%83%b3%e3%83%87%e3%82%a3%e3%83%b3%e3%82%b0%e3%81%ab%e8%bf%91%e3%81%a5","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39506","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u7c73\u56fd\u7d4c\u6e08\u306f\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306b\u8fd1\u3065\u3044\u305f"},"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\u6700\u65b0\u306e\u96c7\u7528\u7d71\u8a08\u306b\u30b3\u30e1\u30f3\u30c8\u3057\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u53ef\u80fd\u6027\u306b\u8a00\u53ca\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u96c7\u7528\u7d71\u8a08\u306f\u60aa\u304b\u3063\u305f\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u91d1\u66dc\u65e5\u306b\u767a\u8868\u3055\u308c\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u96c7\u7528\u7d71\u8a08\u3067\u306f\u3001\u9042\u306b\u5931\u696d\u7387\u304c\u5f90\u3005\u306b\u4e0a\u6607\u3057\u59cb\u3081\u305f\u3053\u3068\u304c\u660e\u3089\u304b\u306b\u306a\u3063\u305f\u3002\u5931\u696d\u7387\u306e\u30b0\u30e9\u30d5\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\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\/39464\" data-type=\"post\" data-id=\"39464\">8\u6708\u96c7\u7528\u7d71\u8a08\u306f\u9042\u306b\u5931\u696d\u7387\u306e\u4e0a\u6607\u958b\u59cb\u3001\u30a4\u30f3\u30d5\u30ec\u5f8c\u306e\u5927\u91cf\u5931\u696d\u306e\u59cb\u307e\u308a<\/a><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-aug-us-unemployment-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-aug-us-unemployment-rate-chart.png\" alt=\"\" class=\"wp-image-39466\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-aug-us-unemployment-rate-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-aug-us-unemployment-rate-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u7b46\u8005\u306f\u3053\u306e\u6570\u5b57\u3092\u3001\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u5f8c\u306b\u5f53\u7136\u8d77\u304d\u308b\u5927\u91cf\u5931\u696d\u306e\u524d\u89e6\u308c\u3068\u3044\u3046\u3088\u3046\u306b\u6349\u3048\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u305d\u3046\u306f\u6349\u3048\u3066\u3044\u306a\u3044\u3088\u3046\u3060\u3002\u5f7c\u306f\u4eca\u56de\u306e\u96c7\u7528\u7d71\u8a08\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u30b3\u30e1\u30f3\u30c8\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>\u826f\u3044\u6570\u5b57\u3060\u3063\u305f\u3068\u601d\u3046\u3002\u4e88\u60f3\u3092\u308f\u305a\u304b\u306b\u4e0a\u56de\u3063\u305f\u304c\u5f37\u3059\u304e\u306a\u3044\u96c7\u7528\u306e\u62e1\u5927\u3068\u3001\u9031\u5e73\u5747\u306e\u52b4\u50cd\u6642\u9593\u304c\u5897\u3048\u305f\u3053\u3068\u3082\u826f\u3044\u5146\u5019\u3067\u3001\u7d4c\u6e08\u306f\u5f15\u304d\u7d9a\u304d\u5f37\u3044\u3088\u3046\u306b\u898b\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u78ba\u304b\u306b\u5931\u696d\u7387\u306f\u4e0a\u304c\u3063\u305f\u304c\u3001\u50cd\u304f\u610f\u6b32\u306e\u3042\u308b\u4eba\u304c\u5897\u52a0\u3057\u3001\u52b4\u50cd\u5e02\u5834\u306b\u6d41\u308c\u8fbc\u3093\u3067\u304d\u305f\u3053\u3068\u306b\u3088\u308b\u3082\u306e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30b3\u30ed\u30ca\u5f8c\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u4eba\u53e3\u63a8\u79fb<\/strong><\/p>\n\n\n\n<p>\u3057\u304b\u3057\u305d\u308c\u306f\u826f\u3044\u5146\u5019\u3060\u308d\u3046\u304b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u4eba\u53e3\u306e\u63a8\u79fb\u306b\u3064\u3044\u3066\u5c11\u3057\u632f\u308a\u8fd4\u3063\u3066\u307f\u305f\u3044\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u751f\u7523\u5e74\u9f62\u4eba\u53e3\uff0815\u6b73\u301c64\u6b73\uff09\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\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\/09\/2023-jun-us-working-age-population-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-jun-us-working-age-population-chart.png\" alt=\"\" class=\"wp-image-39514\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-jun-us-working-age-population-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-jun-us-working-age-population-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306b\u751f\u7523\u5e74\u9f62\u4eba\u53e3\u304c\u6e1b\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u308c\u306f\u4e3b\u306b\u30b3\u30ed\u30ca\u306b\u3088\u3063\u3066\u79fb\u6c11\u6d41\u5165\u304c\u5236\u9650\u3055\u308c\u305f\u3053\u3068\u306b\u3088\u308b\u3002\u3060\u304c2022\u5e74\u304b\u3089\u306f\u79fb\u6c11\u6d41\u5165\u306e\u6570\u304c\u56de\u5fa9\u3057\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u5897\u52a0\u30c8\u30ec\u30f3\u30c9\u306b\u623b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u4eca\u56de\u3001\u52b4\u50cd\u5e02\u5834\u3078\u306e\u6d41\u5165\u304c\u5897\u3048\u3066\u5931\u696d\u7387\u304c\u4e0a\u304c\u3063\u305f\u306e\u306f\u3001\u3053\u306e\u4eba\u53e3\u5897\u52a0\u30c8\u30ec\u30f3\u30c9\u306e\u7d50\u679c\u3067\u3042\u308b\u3002\u5897\u3048\u305f\u5206\u306e\u4eba\u53e3\u304c\u4ed5\u4e8b\u306b\u5c31\u3051\u3066\u3044\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u554f\u984c\u306f\u30a4\u30f3\u30d5\u30ec\u304b\u30c7\u30d5\u30ec\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u7b46\u8005\u3068\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u898b\u65b9\u306e\u9055\u3044\u306f\u3001\u4eca\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u554f\u984c\u3078\u306e\u898b\u65b9\u306e\u9055\u3044\u306b\u8d77\u56e0\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u5f53\u7136\u3001\u4eca\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u554f\u984c\u3092\u30a4\u30f3\u30d5\u30ec\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u554f\u984c\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u3042\u308c\u3070\u3001\u79fb\u6c11\u304c\u6d41\u5165\u3057\u3066\u52b4\u50cd\u8005\u304c\u5897\u3048\u308c\u3070\u3001\u52b4\u50cd\u5e02\u5834\u306e\u9700\u8981\u3068\u4f9b\u7d66\u306e\u95a2\u4fc2\u304b\u3089\u8cc3\u91d1\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u306e\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306b\u7e4b\u304c\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u52b4\u50cd\u5e02\u5834\u3078\u306e\u6d41\u5165\u304c\u5897\u3048\u3001\u8cc3\u91d1\u306e\u4e0a\u6607\u7387\u304c\u305d\u308c\u307b\u3069\u3067\u3082\u306a\u304b\u3063\u305f\u4eca\u56de\u306e\u96c7\u7528\u7d71\u8a08\u3092\u6b53\u8fce\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u7b46\u8005\u306f\u4eca\u306e\u72b6\u6cc1\u3092\u5c11\u3057\u9055\u3046\u3088\u3046\u306b\u8003\u3048\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306b\u95a2\u3059\u308b\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u8449\u3092\u601d\u3044\u51fa\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28474\" data-type=\"post\" data-id=\"28474\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u4e2d\u592e\u9280\u884c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u4e88\u60f3\u306f\u4eba\u9593\u304c\u60f3\u50cf\u53ef\u80fd\u306a\u4e2d\u3067\u4e00\u756a\u99ac\u9e7f\u3052\u305f\u7d4c\u6e08\u4e88\u60f3 (2022\/9\/21)<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u304c9%\u304c2%\u307e\u3067\u6975\u3081\u3066\u6025\u901f\u306b\u4e0b\u843d\u3059\u308b\u306a\u3089\u3070\u3001\u4e0b\u65b9\u5411\u306b\u884c\u304d\u904e\u304e\u308b\u3068\u8003\u3048\u306a\u3044\u7406\u7531\u304c\u4f55\u304b\u3042\u308b\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p>\u4f55\u65452%\u3067\u6b62\u307e\u308b\u306e\u304b\uff1f\u3000\u305d\u3053\u306b\u4f55\u304b\u9b54\u6cd5\u3067\u3082\u3042\u308b\u306e\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p>\u9577\u671f\u7684\u306b\u306f\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306b\u5931\u6557\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u304c\u8d77\u3053\u308b\u306e\u304b\u3069\u3046\u304b\u304c\u78ba\u304b\u306b\u554f\u984c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36547\" data-type=\"post\" data-id=\"36547\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3068\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u77ed\u671f\u7684\u306b\u306f\u30019%\u304b\u3089\u73fe\u72b6\u30673%\u307e\u3067\u4e0b\u304c\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u3001\u3069\u3046\u3084\u3063\u30662%\u8fd1\u8fba\u3067\u4e01\u5ea6\u826f\u304f\u6b62\u307e\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u7b46\u8005\u306b\u3068\u3063\u3066\u306e\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u653f\u7b56\u91d1\u5229\u306e\u884c\u65b9<\/strong><\/p>\n\n\n\n<p>Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u306e\u305f\u3081\u306b\u653f\u7b56\u91d1\u5229\u30920%\u304b\u30895.25%\u307e\u3067\u5f15\u304d\u4e0a\u3052\u305f\u4e0a\u3067\u3001\u3053\u306e\u6c34\u6e96\u306e\u9ad8\u91d1\u5229\u3092\u9577\u3089\u304f\u4fdd\u3064\u3068\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u3093\u306a\u3053\u3068\u306f\u6709\u308a\u5f97\u306a\u3044\u30021970\u5e74\u4ee3\u4ee5\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u3067\u306f\u3001\u5f37\u529b\u306a\u5f15\u304d\u7de0\u3081\u3067\u30a4\u30f3\u30d5\u30ec\u3092\u9000\u6cbb\u3057\u305f\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u306e\u6642\u4ee3\uff08\u5f53\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7b2c3\u6ce2\uff09\u3067\u3055\u3048\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u843d\u3061\u308c\u3070\u653f\u7b56\u91d1\u5229\u3082\u305d\u308c\u306b\u5f93\u3063\u3066\u843d\u3061\u3066\u3044\u308b\u3002\u5f53\u6642\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u653f\u7b56\u91d1\u5229\u3092\u4e26\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\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"468\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png\" alt=\"\" class=\"wp-image-31922\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart.png 468w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-300x300.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/12\/1970s-us-cpi-growth-and-federal-funds-rate-chart-120x120.png 120w\" sizes=\"auto, (max-width: 468px) 100vw, 468px\" \/><\/a><\/figure>\n\n\n\n<p>1\u5e74\u4ee5\u4e0a\u6a2a\u3070\u3044\u306b\u306a\u3063\u305f\u6642\u671f\u306a\u3069\u306a\u3044\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u7d4c\u6e08\u306b\u3068\u3063\u3066\u306f\u653f\u7b56\u91d1\u5229\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5dee\u3057\u5f15\u3044\u305f\u5b9f\u8cea\u91d1\u5229\u306e\u6c34\u6e96\u304c\u91cd\u8981\u306a\u306e\u3067\u3042\u3063\u3066\u3001\u653f\u7b56\u91d1\u5229\u304c\u540c\u3058\u3067\u3082\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u5909\u308f\u308c\u3070\u5b9f\u8cea\u91d1\u5229\u306f\u5909\u308f\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c\u300c\u9ad8\u91d1\u5229\u300d\u306e\u610f\u5473\u3092\u300c\u9ad8\u3044\u540d\u76ee\u91d1\u5229\u300d\u3068\u52d8\u9055\u3044\u3057\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u3063\u3066\u3082\u653f\u7b56\u91d1\u5229\u3092\u7dad\u6301\u3059\u308b\u5834\u5408\u3001\u305d\u308c\u3089\u306e\u5dee\u3067\u3042\u308b\u5b9f\u8cea\u91d1\u5229\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4f4e\u4e0b\u306b\u3088\u3063\u3066\u307e\u3059\u307e\u3059\u9ad8\u304f\u306a\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u653e\u7f6e\u3059\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u304c\u52a0\u901f\u3059\u308b\u7406\u5c48\u3068\u540c\u3058\u3067\u3042\u308b\u3002\u5f0f\u3092\u898b\u3088\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5b9f\u8cea\u91d1\u5229 = \u653f\u7b56\u91d1\u5229 &#8211; \u30a4\u30f3\u30d5\u30ec\u7387<\/li>\n<\/ul>\n\n\n\n<p>\u653f\u7b56\u91d1\u5229\u304c\u540c\u3058\u3067\u3082\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u9ad8\u304f\u306a\u308c\u3070\u3001\u5dee\u3057\u5f15\u304d\u306e\u5b9f\u8cea\u91d1\u5229\u306f\u3069\u3093\u3069\u3093\u4f4e\u304f\u306a\u3063\u3066\u3086\u304f\u3002\u3060\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u306f\u653e\u7f6e\u3059\u308c\u3070\u52a0\u901f\u3059\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u307e\u3063\u305f\u304f\u540c\u3058\u3088\u3046\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u4e0b\u843d\u306b\u5bfe\u3057\u3066\u653f\u7b56\u91d1\u5229\u304c\u540c\u3058\u4f4d\u7f6e\u306b\u7559\u307e\u308c\u3070\u3001\u4e0a\u306e\u5f0f\u304b\u3089\u5b9f\u8cea\u91d1\u5229\u306f\u81ea\u52d5\u7684\u306b\u4e0a\u304c\u3063\u3066\u3086\u304f\u3002\u30a4\u30f3\u30d5\u30ec\u4f4e\u4e0b\u306b\u3088\u3063\u3066\u5b9f\u8cea\u91d1\u5229\u306f\u81ea\u52d5\u7684\u306b\u5f15\u304d\u7de0\u3081\u7684\u306b\u306a\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u8a00\u3046\u901a\u308a\u30a4\u30f3\u30d5\u30ec\u304c\u554f\u984c\u306a\u306e\u3067\u3042\u308c\u3070\u3001\u79fb\u6c11\u6d41\u5165\u306b\u3088\u308b\u8cc3\u91d1\u306e\u4f4e\u4e0b\u306f\u826f\u3044\u5146\u5019\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u7b46\u8005\u306b\u306f\u3001\u5931\u696d\u7387\u4e0a\u6607\u306f\u79fb\u6c11\u6d41\u5165\u306e\u53d7\u3051\u76bf\u306b\u306a\u308c\u308b\u5f37\u3055\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304b\u3089\u5931\u308f\u308c\u3066\u304d\u3066\u3044\u308b\u8a3c\u62e0\u306e\u3088\u3046\u306b\u898b\u3048\u308b\u3002\u30cf\u30a4\u30a8\u30af\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u5f8c\u306e\u4e0d\u53ef\u907f\u306e\u30c8\u30ec\u30f3\u30c9\u304c\u5927\u91cf\u5931\u696d\u306a\u3089\u3070\u3001\u3053\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u306e\u79fb\u6c11\u6d41\u5165\u306f\u5931\u696d\u554f\u984c\u3092\u3080\u3057\u308d\u60aa\u5316\u3055\u305b\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31421\" data-type=\"post\" data-id=\"31421\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u5f8c\u306e\u5931\u696d\u5897\u52a0\u306f\u907f\u3051\u3089\u308c\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\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>\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3078\u306e\u9053\u306e\u308a\u306f\u967a\u3057\u3044\u3068\u5f15\u304d\u7d9a\u304d\u8003\u3048\u3066\u3044\u308b\u304c\u3001\u4eca\u56de\u306e\u30c7\u30fc\u30bf\u306f\u305d\u3053\u3078\u306e\u4e00\u6b69\u3067\u3042\u308b\u3053\u3068\u306f\u78ba\u304b\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u305d\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u4ed6\u306e\u5c02\u9580\u5bb6\u306e\u610f\u898b\u3082\u53c2\u8003\u306b\u3057\u306a\u304c\u3089\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u773a\u3081\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\/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\n\n\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<\/ul>\n","protected":false},"excerpt":{"rendered":"<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\u6700\u65b0\u306e\u96c7\u7528\u7d71\u8a08\u306b\u30b3\u30e1\u30f3\u30c8\u3057\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u53ef\u80fd\u6027\u306b\u8a00\u53ca\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":[98],"class_list":["post-39506","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-larry-summers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39506","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=39506"}],"version-history":[{"count":45,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39506\/revisions"}],"predecessor-version":[{"id":39552,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39506\/revisions\/39552"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=39506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=39506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=39506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}