{"id":40055,"date":"2023-09-19T20:00:00","date_gmt":"2023-09-19T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=40055"},"modified":"2023-09-19T16:38:45","modified_gmt":"2023-09-19T07:38:45","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e5%a4%b1%e6%a5%ad%e7%8e%87%e4%b8%8a%e6%98%87%e3%81%af%e7%a4%be%e5%93%a1%e3%81%8c%e3%83%aa%e3%83%a2%e3%83%bc%e3%83%88%e3%81%a7%e3%82%b5","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/40055","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5931\u696d\u7387\u4e0a\u6607\u306f\u793e\u54e1\u304c\u30ea\u30e2\u30fc\u30c8\u3067\u30b5\u30dc\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u96c7\u7528\u8005\u304c\u6c17\u3065\u304d\u59cb\u3081\u305f\u305b\u3044"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306eCNBC\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u5931\u696d\u7387\u4e0a\u6607\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u5931\u696d\u7387\u4e0a\u6607\u3068\u30ea\u30e2\u30fc\u30c8\u52e4\u52d9<\/strong><\/p>\n\n\n\n<p>2022\u5e74\u304b\u3089\u7d9a\u304f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u826f\u304f\u8010\u3048\u3066\u3044\u305f\u304c\u3001\u9042\u306b\u5931\u696d\u7387\u304c\u4e0a\u304c\u308a\u59cb\u3081\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<p>\u30de\u30af\u30ed\u7684\u306b\u898b\u308c\u3070\u305d\u306e\u539f\u56e0\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u6642\u9593\u5dee\u3067\u52b9\u304d\u59cb\u3081\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u304c\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3082\u3063\u3068\u30df\u30af\u30ed\u7684\u306a\u7406\u7531\u3092\u6319\u3052\u3066\u3044\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>\u30b3\u30ed\u30ca\u3067\u30ed\u30c3\u30af\u30c0\u30a6\u30f3\u304c\u3042\u308a\u3001\u5728\u5b85\u3067\u306e\u52e4\u52d9\u304c\u59cb\u307e\u3063\u305f\u6642\u3001\u308f\u305f\u3057\u306f\u3042\u308b\u4eee\u8aac\u3092\u7acb\u3066\u305f\u3002\u793e\u54e1\u306e\u3046\u3061\u4e00\u5b9a\u306e\u5272\u5408\u304c\u5b9f\u306f\u305f\u3060\u30b5\u30dc\u3063\u3066\u3044\u308b\u3060\u3051\u3060\u3068\u3044\u3046\u3053\u3068\u306b\u7ba1\u7406\u8077\u3084\u4e8b\u696d\u8005\u304c\u6c17\u4ed8\u304d\u59cb\u3081\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5728\u5b85\u52e4\u52d9\u306b\u3088\u3063\u3066\u96c7\u7528\u8005\u304c\u793e\u54e1\u306e\u30b5\u30dc\u308a\u306b\u6c17\u4ed8\u304d\u59cb\u3081\u308b\u3068\u3044\u3046\u4eee\u8aac\u3092\u7acb\u3066\u3066\u3044\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>\u30ea\u30e2\u30fc\u30c8\u52e4\u52d9\u306b\u306a\u308c\u3070\u305d\u308c\u304c\u898b\u3048\u3084\u3059\u304f\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u8003\u3048\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u308c\u3092\u5b9f\u969b\u306b\u76ee\u306e\u5f53\u305f\u308a\u306b\u3059\u308b\u3053\u3068\u304c\u3042\u3063\u305f\u3002Zoom\u304b\u4f55\u304b\u306e\u4f1a\u8b70\u3060\u3063\u305f\u3068\u601d\u3046\u304c\u300160\u4eba\u304c\u53c2\u52a0\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u4f1a\u8b70\u304c\u7d42\u308f\u3063\u305f\u6642\u3001\u308f\u305f\u3057\u306f\u63a5\u7d9a\u3092\u5207\u3089\u305a\u300115\u5206\u5f8c\u306b\u307e\u3060\u63a5\u7d9a\u3057\u3066\u3044\u308b\u4eba\u304c\u3069\u308c\u3060\u3051\u3044\u308b\u304b\u3092\u898b\u3066\u307f\u308b\u3068\u3044\u3046\u5b9f\u9a13\u3092\u3084\u3063\u3066\u307f\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f1\u6642\u959310\u5206\u306e\u4f1a\u8b70\u3067\u3001\u4f1a\u8b70\u306f\u7d42\u308f\u3063\u306615\u5206\u7d4c\u3063\u305f\u5f8c\u3082\u307e\u3060\u305d\u3053\u306b\u3044\u308b\u4eba\u3005\u304c\u3044\u305f\u3002\u3053\u306e\u610f\u5473\u304c\u5206\u304b\u308b\u3060\u308d\u3046\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3044\u305f\u3044\u3053\u3068\u304c\u5206\u304b\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u5f7c\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>\u3053\u306e\u610f\u5473\u304c\u5206\u304b\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u305d\u306e\u4eba\u306f\u4f1a\u8b70\u306b\u53c2\u52a0\u3057\u3066\u3044\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u3042\u308b\u3044\u306f\u5c11\u306a\u304f\u3068\u3082\u3001\u4f1a\u8b70\u5168\u90e8\u306b\u53c2\u52a0\u3057\u3066\u3044\u305f\u308f\u3051\u3067\u306f\u306a\u304b\u3063\u305f\u3053\u3068\u306f\u78ba\u304b\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30b3\u30ed\u30ca\u306b\u3088\u308b\u74b0\u5883\u306e\u5909\u5316<\/strong><\/p>\n\n\n\n<p>\u4eba\u3005\u306f\u30b3\u30ed\u30ca\u306b\u3088\u3063\u3066\u6025\u306b\u74b0\u5883\u306e\u5909\u5316\u3092\u5f37\u3044\u3089\u308c\u305f\u3002\u826f\u304b\u3063\u305f\u70b9\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u591a\u304f\u306e\u4eba\u306b\u3068\u3063\u3066\u52e4\u52d9\u6642\u9593\u304c\u7121\u304f\u306a\u3063\u305f\u3053\u3068\u306f\u30d7\u30e9\u30b9\u3060\u308d\u3046\u3002\u305f\u3060\u3001\u81ea\u5206\u3067\u50cd\u304f\u5834\u6240\u3092\u9078\u3079\u308b\u4eba\u6750\u306f\u3001\u5143\u3005\u6e80\u54e1\u96fb\u8eca\u306b\u3088\u308b\u51fa\u52e4\u306a\u3069\u306b\u60a9\u307e\u3055\u308c\u3066\u3044\u306a\u304b\u3063\u305f\u3060\u308d\u3046\u304c\u3002\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306eBridgewater\u306f\u30a6\u30a9\u30fc\u30eb\u8857\u3067\u306f\u306a\u304f\u3001\u30b3\u30cd\u30c1\u30ab\u30c3\u30c8\u5dde\u306e\u68ee\u306e\u4e2d\u306b\u3042\u308b\u3002\u30a6\u30a9\u30fc\u30ec\u30f3\u30fb\u30d0\u30d5\u30a7\u30c3\u30c8\u6c0f\u306f\u30aa\u30de\u30cf\u304b\u3089\u52d5\u3044\u3066\u3044\u306a\u3044\u3002\u53ef\u80fd\u3067\u3042\u308c\u3070\u3001\u8ab0\u3082\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u3084\u6771\u4eac\u3067\u306a\u3069\u50cd\u304d\u305f\u304f\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u3068\u3082\u306a\u4ed5\u4e8b\u3092\u3057\u3066\u3044\u305f\u4eba\u6750\u306b\u3068\u3063\u3066\u30d7\u30e9\u30b9\u304c\u3042\u3063\u305f\u4e00\u65b9\u3067\u3001\u5143\u3005\u30b5\u30dc\u3063\u3066\u3044\u305f\u4eba\u3005\u306b\u306f\u5225\u306e\u5909\u5316\u3082\u3042\u308b\u3002\u6163\u308c\u305f\u74b0\u5883\u3067\u306f\u96a0\u305b\u3066\u3044\u305f\u30b5\u30dc\u308a\u304c\u3001\u65b0\u305f\u306a\u74b0\u5883\u3067\u306f\u96a0\u305b\u306a\u304f\u306a\u308a\u3001\u305d\u308c\u304c\u9732\u308f\u306b\u306a\u308a\u59cb\u3081\u308b\u3002\u305d\u308c\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u6307\u6458\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306b\u306f\u591a\u304f\u306e\u7121\u99c4\u304c\u524a\u6e1b\u3055\u308c\u305f\u3002\u305d\u3082\u305d\u3082\u51fa\u793e\u306a\u3069\u3057\u306a\u304f\u3066\u3082\u826f\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u8003\u3048\u306b\u3001\u4eba\u3005\u306f\u30b3\u30ed\u30ca\u304c\u306a\u3051\u308c\u3070\u5230\u9054\u3067\u304d\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u30aa\u30d5\u30a3\u30b9\u3068\u3044\u3046\u3082\u306e\u306f\u5b9f\u306f\u30b3\u30ed\u30ca\u524d\u306b\u5fc5\u8981\u3068\u3055\u308c\u3066\u3044\u305f\u307b\u3069\u306b\u306f\u5fc5\u8981\u3067\u306f\u306a\u304b\u3063\u305f\u3002\u3060\u304b\u3089\u30ea\u30e2\u30fc\u30c8\u306e\u7fd2\u6163\u306f\u3042\u308b\u7a0b\u5ea6\u6839\u4ed8\u304d\u3064\u3064\u3042\u308b\u3002\u3060\u304c\u3001\u307e\u3060\u4e0a\u304c\u3063\u3066\u3044\u306a\u3044\u5931\u696d\u7387\u3092\u898b\u308b\u9650\u308a\u307e\u3060\u6392\u9664\u3055\u308c\u3066\u3044\u306a\u3044\u7121\u99c4\u304c\u6b8b\u3063\u3066\u3044\u308b\u3002\u4eba\u6750\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30ec\u30a4\u30aa\u30d5\u304c\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u308b<\/strong><\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u51fa\u793e\u306a\u3069\u5fc5\u8981\u3067\u306f\u306a\u304b\u3063\u305f\u3001\u305d\u308c\u3067\u3082\u4f1a\u793e\u306f\u56de\u308b\u3068\u3044\u3046\u306e\u306f1\u3064\u306e\u771f\u5b9f\u3067\u3042\u308b\u3002\u3060\u304c\u3053\u306e\u4e8b\u5b9f\u306b\u306f\u7b46\u8005\u304c\u524d\u3005\u304b\u3089\u601d\u3063\u3066\u3044\u305f\u3082\u30461\u3064\u306e\u7406\u7531\u304c\u5b58\u5728\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u5b9a\u6570\u306e\u4eba\u3005\u306b\u9650\u3063\u3066\u8a00\u3048\u3070\u3001\u5fc5\u8981\u3067\u306f\u306a\u304b\u3063\u305f\u306e\u306f\u30aa\u30d5\u30a3\u30b9\u3067\u306f\u306a\u304f\u793e\u54e1\u306e\u65b9\u3067\u306f\u306a\u3044\u306e\u304b\u3002\u5c45\u3066\u3082\u5c45\u306a\u304f\u3066\u3082\u3069\u3061\u3089\u3067\u3082\u826f\u3044\u4eba\u304c\u51fa\u793e\u305b\u305a\u3068\u3082\u4f1a\u793e\u304c\u56de\u308b\u306e\u306f\u5f53\u305f\u308a\u524d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u3088\u308c\u3070\u3001\u3053\u306e\u30b3\u30ed\u30ca\u5f8c\u306e\u7121\u99c4\u306e\u6392\u9664\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u308b\u5931\u696d\u7387\u306e\u4e0a\u6607\u958b\u59cb\u3068\u3068\u3082\u306b\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3002\u5f7c\u306f\u3053\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>\u3053\u308c\u306f\u4eca\u8d77\u3053\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u3064\u3044\u3066\u4f55\u304b\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u611f\u3058\u308b\u3002\u4eca\u30ec\u30a4\u30aa\u30d5\u304c\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u3063\u3066\u3044\u308b\u3002Goldman Sachs\u3084\u591a\u304f\u306e\u4f1a\u793e\u304c\u30ec\u30a4\u30aa\u30d5\u3092\u884c\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3002<\/p>\n\n\n\n<p>5%\u304c\u30ec\u30a4\u30aa\u30d5\u3055\u308c\u308b\u3068\u3057\u3088\u3046\u3002\u305d\u308c\u307b\u3069\u5927\u304d\u306a\u6570\u306b\u306f\u805e\u3053\u3048\u306a\u3044\u3002\u30b8\u30e3\u30c3\u30af\u30fb\u30a6\u30a7\u30eb\u30c1\u6c0f\u304c\u7d4c\u55b6\u3057\u3066\u3044\u305f\u9803\u306eGE\u306f\u6bce\u5e7410%\u3092\u30ec\u30a4\u30aa\u30d5\u3057\u3066\u3044\u305f\u3002\u5f93\u696d\u54e1\u306e\u8cea\u3092\u9ad8\u3081\u308b\u305f\u3081\u3060\u3002\u5c11\u3057\u30de\u30ad\u30e3\u30d9\u30ea\u7684\u3067\u53b3\u3057\u3044\u3068\u3082\u601d\u3063\u305f\u304c\u3001\u6c17\u6301\u3061\u306f\u7406\u89e3\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u5468\u308a\u3092\u898b\u6e21\u3057\u3066\u307f\u3066\u3001\u3042\u308b\u4f1a\u793e\u304c5%\u30ec\u30a4\u30aa\u30d5\u3057\u3066\u3044\u308b\u3001\u5225\u306e\u4f1a\u793e\u304c15%\u30ec\u30a4\u30aa\u30d5\u3057\u3066\u3044\u308b\u3068\u306a\u308c\u3070\u3001\u5931\u696d\u7387\u304c\u4e0a\u304c\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3048\u3066\u304f\u308b\u3002\u305d\u308c\u304c\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u306f\u307e\u3060\u307e\u3057\u306a\u65b9\u3060\u3002\u500b\u4eba\u7684\u306b\u306f\u65e5\u672c\u3067\u4eba\u3092\u96c7\u3046\u306a\u3069\u8003\u3048\u305f\u304f\u3082\u306a\u3044\u3002\u89e3\u96c7\u3067\u304d\u306a\u3044\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u79c1\u898b\u3067\u306f\u3001\u89e3\u96c7\u3055\u305b\u306a\u3044\u65e5\u672c\u306e\u6cd5\u5f8b\u306f\u793e\u54e1\u3068\u7d4c\u55b6\u8005\u306e\u4e21\u65b9\u306b\u3068\u3063\u3066\u6700\u60aa\u306e\u60aa\u7656\u3067\u3042\u308b\u3002\u65e5\u672c\u3067\u8cc3\u91d1\u304c\u4e0a\u304c\u3089\u306a\u3044\u306e\u306f\u89e3\u96c7\u304c\u51fa\u6765\u306a\u3044\u304b\u3089\u3060\u3002\u7d4c\u55b6\u8005\u306e\u89b3\u70b9\u304b\u3089\u8003\u3048\u308c\u3070\u5f53\u305f\u308a\u524d\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u8ee2\u8077\u304c\u4e00\u822c\u7684\u3067\u306a\u3044\u304b\u3089\u30d1\u30ef\u30cf\u30e9\u3084\u30bb\u30af\u30cf\u30e9\u304c\u6a2a\u884c\u3059\u308b\u3002\u8ee2\u8077\u5e02\u5834\u306b\u6d41\u52d5\u6027\u304c\u3042\u308c\u3070\u3001\u5acc\u306a\u4e0a\u53f8\u304c\u3044\u308c\u3070\u4f1a\u793e\u3092\u5909\u308f\u308c\u3070\u826f\u3044\u3060\u3051\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u89e3\u96c7\u3055\u305b\u306a\u3044\u65e5\u672c\u306e\u6cd5\u5f8b\u3067\u5f97\u3092\u3059\u308b\u306e\u306f\u3001\u7d4c\u55b6\u8005\u304c\u672c\u6765\u96c7\u3044\u7d9a\u3051\u305f\u304f\u306a\u3044\u3088\u3046\u306a\u751f\u7523\u6027\u306e\u306a\u3044\u4eba\u6750\u3060\u3051\u3067\u3042\u308b\u3002\u307e\u3068\u3082\u306a\u4eba\u6750\u306b\u3068\u3063\u3066\u306f\u3001\u300c\u7d4c\u55b6\u8005\u304c\u89e3\u96c7\u3067\u304d\u308b\u304b\u3069\u3046\u304b\u300d\u3067\u306f\u306a\u304f\u300c\u7d4c\u55b6\u8005\u304c\u89e3\u96c7\u3057\u305f\u3044\u304b\u3069\u3046\u304b\u300d\u304c\u554f\u984c\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u65e5\u672c\u306e\u96c7\u7528\u95a2\u4fc2\u306fwin-win\u306b\u306a\u3089\u306a\u3044\u306e\u304b\u3002\u3060\u304c\u81ea\u5206\u3092\u643e\u53d6\u3059\u308b\u653f\u515a\u3092\u4f55\u5341\u5e74\u3082\u5f53\u9078\u3055\u305b\u7d9a\u3051\u308b\u65e5\u672c\u4eba\u306e\u3053\u3068\u3060\u304b\u3089\u3001\u4f55\u3082\u5909\u3048\u3089\u308c\u305a\u306b\u60aa\u7656\u3068\u3068\u3082\u306b\u3053\u306e\u307e\u307e\u6b7b\u306b\u3086\u304f\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u8a71\u306b\u623b\u305d\u3046\u3002\u4eca\u6708\u767a\u8868\u3055\u308c\u305f8\u6708\u306e\u5931\u696d\u7387\u306f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306b\u30bf\u30fc\u30cb\u30f3\u30b0\u30dd\u30a4\u30f3\u30c8\u3067\u3042\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>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u6bce\u6708\u6700\u521d\u306e\u91d1\u66dc\u65e5\u306b\u767a\u8868\u3055\u308c\u308b\u5931\u696d\u7387\u306f\u3001\u3053\u3053\u6570\u5e74\u306a\u304b\u3063\u305f\u666f\u6c17\u5f8c\u9000\u306e\u30b5\u30a4\u30f3\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3002\u30b0\u30e9\u30d5\u304c1\u5e74\u306e\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3082\u305736\u30f6\u6708\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u4e0a\u56de\u308b\u3088\u3046\u306a\u3053\u3068\u304c\u3042\u308c\u3070\u3001\u666f\u6c17\u5f8c\u9000\u306f\u304b\u306a\u308a\u78ba\u5b9f\u306b\u306a\u308b\u3002\u3060\u304c\u308f\u308c\u308f\u308c\u306e\u63a8\u8a08\u3067\u306f\u4eca\u5e74\u306e\u7d42\u308f\u308a\u306b\u306f\u305d\u3046\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30d5\u30ea\u30fc\u30c9\u30ea\u30d2\u30fb\u30d5\u30a9\u30f3\u30fb\u30cf\u30a4\u30a8\u30af\u6c0f\u306e\u8a00\u3046\u30a4\u30f3\u30d5\u30ec\u5f8c\u306e\u5927\u91cf\u5931\u696d\u304c\u59cb\u307e\u308d\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\/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>\u682a\u5f0f\u5e02\u5834\u304c\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3068\u3044\u3046\u306e\u306f\u3001\u306a\u304b\u306a\u304b\u9762\u767d\u3044\u5197\u8ac7\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39671\" data-type=\"post\" data-id=\"39671\">\u7c73\u56fd\u682a\u304c\u5b8c\u5168\u306b\u5272\u9ad8\u3067\u3042\u308b\u7406\u7531\u3068\u682a\u4fa1\u306e\u63a8\u79fb\u4e88\u60f3<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39722\" data-type=\"post\" data-id=\"39722\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30b3\u30ed\u30ca\u5f8c\u306e\u7de9\u548c\u306b\u3088\u308b\u597d\u666f\u6c17\u306f\u7d42\u308f\u308a\u3001\u7c73\u56fd\u7d4c\u6e08\u306f\u30c7\u30d5\u30ec\u3068\u666f\u6c17\u5f8c\u9000\u3078<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306eCNBC\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u5931\u696d\u7387\u4e0a\u6607\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\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-40055","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\/40055","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=40055"}],"version-history":[{"count":41,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/40055\/revisions"}],"predecessor-version":[{"id":40096,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/40055\/revisions\/40096"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=40055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=40055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=40055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}