{"id":40528,"date":"2023-10-11T20:00:00","date_gmt":"2023-10-11T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=40528"},"modified":"2023-10-11T16:23:32","modified_gmt":"2023-10-11T07:23:32","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e6%9c%80%e8%bf%91%e3%81%ae%e6%a0%aa%e4%be%a1%e4%b8%8b%e8%90%bd%e3%81%ae%e5%8e%9f%e5%9b%a0%e3%81%a8%e6%99%af%e6%b0%97%e5%be%8c%e9%80%80","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/40528","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u6700\u8fd1\u306e\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0\u3068\u666f\u6c17\u5f8c\u9000\u6642\u306e\u7c73\u56fd\u682a\u4e88\u60f3"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cFox Businessn\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u6700\u8fd1\u306e\u7c73\u56fd\u682a\u306e\u4e0b\u843d\u306e\u7406\u7531\u3068\u4eca\u5f8c\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u8fd1\u3065\u304f\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3<\/strong><\/p>\n\n\n\n<p>9\u6708\u304c\u7d42\u308f\u308a\u3001\u6b21\u7b2c\u306b\u7b2c3\u56db\u534a\u671f\u306e\u6c7a\u7b97\u304c\u767a\u8868\u3055\u308c\u308b\u6642\u671f\u3068\u306a\u308b\u3002\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u306f\u8a00\u3046\u307e\u3067\u3082\u306a\u304f\u91cd\u8981\u306a\u671f\u9593\u306a\u306e\u3060\u304c\u3001\u305d\u308c\u306b\u3064\u3044\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u3092\u901a\u904e\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u5e02\u5834\u306e\u30e0\u30fc\u30c9\u304c\u3069\u3046\u306a\u3063\u3066\u3086\u304f\u304b\u3092\u89b3\u5bdf\u3059\u308b\u306e\u306f\u6709\u76ca\u3060\u3002<\/p>\n\n\n\n<p>\u3044\u3064\u3082\u306e\u3053\u3068\u3060\u304c\u3001\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u306b\u306a\u308b\u3068\u9014\u7aef\u306b\u7686\u304c\u300c\u91d1\u5229\u304c\u9ad8\u3044\u304b\u3089\u300d\u300c\u30a8\u30cd\u30eb\u30ae\u30fc\u4fa1\u683c\u304c\u9ad8\u3044\u304b\u3089\u300d\u3068\u8a00\u3044\u59cb\u3081\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9ad8\u91d1\u5229\u306e\u554f\u984c\u3082\u539f\u6cb9\u4fa1\u683c\u4e0a\u6607\u306e\u554f\u984c\u3082\u5143\u3005\u3042\u3063\u305f\u306e\u3060\u304c\u3001\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u306b\u60aa\u3044\u6c7a\u7b97\u304c\u51fa\u3066\u304f\u308b\u3068\u3001\u3044\u304d\u306a\u308a\u4eba\u3005\u306f\u5143\u3005\u3042\u3063\u305f\u60aa\u6750\u6599\u306b\u6ce8\u76ee\u3057\u59cb\u3081\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u60aa\u6750\u6599\u306f\u5143\u3005\u3042\u3063\u305f\u3082\u306e\u3060\u3002\u3060\u304b\u3089\u6c7a\u7b97\u304c\u60aa\u3044\u3068\u3001\u682a\u4fa1\u306b\u306f\u4e8c\u91cd\u3067\u60aa\u6750\u6599\u306b\u306a\u308b\u30021\u682a\u5f53\u305f\u308a\u7d14\u5229\u76ca\u304c\u4e0b\u304c\u308b\u3053\u3068\u81ea\u4f53\u304c\u60aa\u6750\u6599\u3067\u3042\u308b\u4e0a\u306b\u3001\u682a\u5f0f\u5e02\u5834\u304c\u3053\u308c\u307e\u3067\u5e73\u7136\u3068\u7121\u8996\u3057\u3066\u3044\u305f\u60aa\u6750\u6599\uff08\u4f8b\u3048\u3070\u91d1\u5229\u4e0a\u6607\uff09\u3092\u4f55\u6545\u304b\u3044\u304d\u306a\u308a\u7e54\u308a\u8fbc\u307f\u59cb\u3081\u308b\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f2021\u5e74\u306b\u30a4\u30f3\u30d5\u30ec\u306e\u8105\u5a01\u3092\u4f55\u306e\u6839\u62e0\u3082\u306a\u304f\u7121\u8996\u3057\u7d9a\u3051\u305fFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306b\u4f3c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14522\" data-type=\"post\" data-id=\"14522\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u305f\u3060\u30a4\u30f3\u30d5\u30ec\u304c\u7d9a\u304b\u306a\u3044\u3088\u3046\u306b\u7948\u3063\u3066\u3044\u308b\u3060\u3051 (2021\/7\/18)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u30d1\u30a6\u30a8\u30eb\u6c0f\u3082\u682a\u5f0f\u6295\u8cc7\u5bb6\u3082\u77e5\u80fd\u306e\u6c34\u6e96\u306f\u540c\u3058\u3088\u3046\u306a\u3082\u306e\u306a\u306e\u3067\u3042\u308b\u3002\u3060\u304b\u3089\u898b\u3088\u3046\u3068\u601d\u3048\u3070\u305a\u3063\u3068\u76ee\u306e\u524d\u306b\u3042\u3063\u305f\u306f\u305a\u306e\u8105\u5a01\u3092\u7121\u8996\u3057\u3001\u5371\u967a\u304c\u672c\u5f53\u306b\u5dee\u3057\u8feb\u3063\u3066\u59cb\u3081\u3066\u9a12\u304e\u59cb\u3081\u308b\u3002<\/p>\n\n\n\n<p>2018\u5e74\u306b\u91d1\u5229\u304c\u9ad8\u9a30\u3057\u305f\u6642\u306e\u682a\u5f0f\u5e02\u5834\u3082\u307e\u3063\u305f\u304f\u540c\u3058\u3060\u3063\u305f\u3053\u3068\u306f\u3001\u3053\u3053\u3067\u306f\u4f55\u5ea6\u3082\u8a00\u53ca\u3057\u3066\u3044\u308b\u3002\u5f53\u6642\u3082\u682a\u5f0f\u5e02\u5834\u306f\u9ad8\u91d1\u5229\u306e\u8105\u5a01\u3092\u4e00\u5b9a\u671f\u9593\u7121\u8996\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959\" data-type=\"post\" data-id=\"7959\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0 (2018\/10\/28)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u682a\u5f0f\u5e02\u5834\u306e\u30e0\u30fc\u30c9\u3092\u898b\u3066\u304a\u304f\u3053\u3068\u306f\u91cd\u8981\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u73fe\u5728\u306e\u5e02\u5834\u306b\u3064\u3044\u3066\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>\u4eba\u3005\u306e\u30e0\u30fc\u30c9\u306f\u843d\u3061\u8fbc\u307f\u3064\u3064\u3042\u308b\u3088\u3046\u306b\u611f\u3058\u308b\u3002\u305d\u3057\u3066\u305d\u308c\u304c\u7a7a\u9ad8\u304f\u4e0a\u304c\u3063\u3066\u3044\u308b\u682a\u5f0f\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3068\u3076\u3064\u304b\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u682a\u5f0f\u5e02\u5834\u304c\u63fa\u3089\u3044\u3067\u3044\u308b\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u304c\u307e\u3060\u3060\u3068\u3044\u3046\u306e\u306b\u3001\u682a\u5f0f\u5e02\u5834\u306e\u30e0\u30fc\u30c9\u306f\u60aa\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u4f55\u6545\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u307e\u305a\u3001\u682a\u4fa1\u304c\u4f55\u6545\u73fe\u5728\u306e\u6c34\u6e96\u307e\u3067\u4e0a\u304c\u3063\u305f\u306e\u304b\u3092\u8aac\u660e\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3060\u304c\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u304c\u7a7a\u9ad8\u304f\u4e0a\u304c\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u306e\u306f\u3001\u91d1\u5229\u304c\u30bc\u30ed\u3060\u3063\u305f\u304b\u3089\u3060\u3002\u3060\u304c\u30bc\u30ed\u91d1\u5229\u306f\u3082\u3046\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u4eca\u3084\u4f01\u696d\u306f\u30ed\u30fc\u30f3\u306b\u5bfe\u3057\u30663\u500d\u304b4\u500d\u306e\u91d1\u5229\u3092\u652f\u6255\u3063\u3066\u3044\u308b\u3002\u3042\u308b\u3044\u306f\u9280\u884c\u5371\u6a5f\u306e\u305b\u3044\u3067\u3082\u306f\u3084\u30ed\u30fc\u30f3\u3092\u53d7\u3051\u3089\u308c\u306a\u3044\u4f01\u696d\u3082\u3042\u308b\u3002\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u91d1\u5229\u3082\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u682a\u4fa1\u306f\u4ee5\u4e0b\u306e\u8a08\u7b97\u5f0f\u3067\u8a08\u7b97\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u682a\u4fa1 = 1\u682a\u5f53\u305f\u308a\u5229\u76ca x \u682a\u4fa1\u53ce\u76ca\u7387<\/li>\n<\/ul>\n\n\n\n<p>\u4f4e\u91d1\u5229\u306b\u3088\u3063\u3066\u4f01\u696d\u5229\u76ca\u3082\u5e95\u4e0a\u3052\u3055\u308c\u308b\u3053\u3068\u306b\u52a0\u3048\u3001\u4f4e\u91d1\u5229\u306e\u6642\u4ee3\u306b\u306f\u682a\u4fa1\u53ce\u76ca\u7387\u304c\u4e0a\u304c\u308b\u3002\u4f4e\u91d1\u5229\u6642\u4ee3\u306e\u682a\u9ad8\u306f\u3053\u306e\u5f0f\u306b\u3088\u3063\u3066\u80af\u5b9a\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u4f4e\u91d1\u5229\u306f\u3082\u3046\u306a\u3044\u3002\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u304c\u8457\u66f8\u300e<a rel=\"noreferrer noopener\" href=\"https:\/\/amzn.to\/3m6d1br\" target=\"_blank\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a>\u300f\u3067\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306b\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u305f\u306e\u3068\u540c\u3058\u72b6\u6cc1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u306f\u3058\u3081\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30b2\u30fc\u30e0\u306e\u7d42\u4e86\u304c\u8aad\u307f\u53d6\u308c\u306a\u3044\u53c2\u52a0\u8005\u304c\u3001\u307e\u3060\u5927\u52e2\u6b8b\u3063\u3066\u3044\u308b\u6bb5\u968e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5f53\u6642\u306e\u8a00\u8449\u3067\u8a00\u3048\u3070\u3001\u4f4f\u5b85\u30d0\u30d6\u30eb\u306f\u7d42\u308f\u3063\u3066\u3044\u305f\u3002\u4eca\u306e\u8a00\u8449\u3067\u8a00\u3048\u3070\u3001\u4f4e\u91d1\u5229\u30d0\u30d6\u30eb\u306f\u3082\u3046\u7d42\u308f\u3063\u3066\u3044\u308b\u3002\u3060\u304c\u4eba\u3005\u306f\u307e\u3060\u8e0a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u5229\u4e0a\u6607\u304c\u7d4c\u6e08\u306b\u3082\u305f\u3089\u3059\u5f71\u97ff<\/strong><\/p>\n\n\n\n<p>\u91d1\u5229\u306f\u5b9f\u969b\u3001\u3069\u306e\u3088\u3046\u306b\u3057\u3066\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u4e00\u756a\u5206\u304b\u308a\u3084\u3059\u3044\u306e\u306f\u5229\u6255\u3044\u306e\u5897\u52a0\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u5b9f\u4f53\u7d4c\u6e08\u306b\u4e00\u756a\u5927\u304d\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3059\u306e\u306f\u3001\u767a\u884c\u6b8b\u9ad8\u304c\u4e00\u756a\u5de8\u984d\u306a\u56fd\u50b5\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u306f\u91d1\u5229\u30925%\u53f0\u307e\u3067\u4e0a\u3052\u305f\u304b\u3089\u3068\u8a00\u3063\u3066\u3001\u6025\u306b\u5b9f\u4f53\u7d4c\u6e08\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u30b3\u30ed\u30ca\u524d\u306e\u4f4e\u91d1\u5229\u306e\u6642\u4ee3\u306b\u767a\u884c\u3055\u308c\u305f\u4f4e\u91d1\u5229\u306e\u50b5\u5238\u306b\u3064\u3044\u3066\u306f\u3001\u4eca\u3067\u3082\u4f4e\u3044\u91d1\u5229\u3092\u652f\u6255\u3046\u3060\u3051\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u501f\u91d1\u306b\u306f\u3044\u305a\u308c\u671f\u9650\u304c\u6765\u308b\u3002\u305d\u3057\u3066\u501f\u308a\u624b\u306f\u4eca\u306e\u9ad8\u3044\u91d1\u5229\u3067\u501f\u308a\u63db\u3048\u308b\u3053\u3068\u306b\u306a\u308b\u3002\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>3\u5e74\u7269\u56fd\u50b5\u30845\u5e74\u7269\u56fd\u50b5\u306e\u3088\u3046\u306b\u30013\u5e74\u4ee5\u4e0a\u524d\u306b\u884c\u308f\u308c\u305f\u501f\u308a\u5165\u308c\u306f\u30010.5%\u304b\u305d\u308c\u3088\u308a\u3082\u4f4e\u3044\u3088\u3046\u306a\u91d1\u5229\u306e\u307e\u307e\u3044\u307e\u3060\u306b\u5b58\u5728\u3057\u3066\u3044\u308b\u3002\u305d\u308c\u304c\u501f\u308a\u63db\u3048\u306e\u6642\u306b\u306f5.5%\u306b\u306a\u308b\u30025%\u306e\u91d1\u5229\u4e0a\u6607\u3060\u3002<\/p>\n\n\n\n<p>\u9ad8\u91d1\u5229\u3092\u5341\u5206\u306b\u7d9a\u3051\u308c\u3070\u300133\u5146\u30c9\u30eb\u306e\u56fd\u50b5\u306b\u5bfe\u3057\u3066\u5229\u6255\u3044\u306f1.7\u5146\u30c9\u30eb\u5897\u3048\u308b\u3002\u5e74\u95931.7\u5146\u30c9\u30eb\u3060\u3002\u3053\u308c\u306f\u7269\u51c4\u3044\u6570\u5b57\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306f27\u5146\u30c9\u30eb\u306a\u306e\u3067\u30011.7\u5146\u30c9\u30eb\u306fGDP\u306e6%\u3067\u3042\u308b\u3002\u3053\u308c\u306f\u5229\u6255\u3044\u306e\u5897\u52a0\u5206\u3060\u3002\u3059\u3079\u3066\u306e\u56fd\u50b5\u304c\u4eca\u306e\u9ad8\u91d1\u5229\u3067\u7f6e\u304d\u63db\u3048\u3089\u308c\u308c\u3070\u3001\u305d\u308c\u3060\u3051\u3067\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u500d\u307b\u3069\u306e\u30c0\u30e1\u30fc\u30b8\u3092\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u4e0e\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u534a\u5206\u3067\u3082\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3068\u540c\u3058\u898f\u6a21\u3067\u3042\u308b\u3002\u305d\u308c\u304c5%\u53f0\u306e\u91d1\u5229\u306e\u610f\u5473\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u5229\u6255\u3044\u304c\u6d88\u8cbb\u3092\u4fb5\u98df\u3057\u3066\u3086\u304f\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u3046\u7d9a\u3051\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>\u91d1\u5229\u304c\u4eca\u306e\u6c34\u6e96\u306b\u4fdd\u305f\u308c\u7d9a\u3051\u308c\u3070\u3001\u5229\u6255\u3044\u306a\u3069\u4e0d\u53ef\u907f\u306e\u652f\u6255\u3044\u306e\u4ed6\u306b\u306f\u3082\u306f\u3084\u8cc7\u91d1\u304c\u4f55\u3082\u6b8b\u3063\u3066\u3044\u306a\u3044\u72b6\u6cc1\u306b\u3044\u305a\u308c\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u682a\u4fa1\u4e0b\u843d\u306e\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u305f\u3060\u3001\u3053\u306e\u501f\u308a\u63db\u3048\u306f\u5f90\u3005\u306b\u884c\u308f\u308c\u3066\u3086\u304f\u3002\u50b5\u5238\u306b\u306f3\u5e74\u7269\u30845\u5e74\u7269\u306a\u3069\u69d8\u3005\u306a\u671f\u9593\u304c\u3042\u308a\u3001\u671f\u9650\u304c\u6765\u305f\u3082\u306e\u304b\u3089\u501f\u308a\u63db\u3048\u3089\u308c\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u88dc\u8db3\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>\u3053\u308c\u306b\u306f\u4eba\u3005\u304c\u601d\u3046\u3088\u308a\u3082\u9577\u3044\u6642\u9593\u304c\u304b\u304b\u308b\u3002\u3060\u304c\u3082\u3046\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c1\u5e74\u534a\u7d9a\u3044\u3066\u304a\u308a\u3001\u3082\u3046\u3059\u30502\u5e74\u306b\u306a\u308b\u304c\u3001Fed\u306f6\u6708\u30847\u6708\u306b\u898b\u3089\u308c\u305f\u3088\u3046\u306a\u682a\u5f0f\u5e02\u5834\u306e\u7de9\u548c\u8ee2\u63db\u671f\u5f85\u306b\u306f\u5fdc\u3048\u306a\u3044\u3068\u3044\u3046\u6c7a\u610f\u3092\u4f55\u5ea6\u3082\u660e\u78ba\u306b\u8868\u660e\u3057\u3066\u3044\u308b\u3002\u305d\u308c\u3067\u682a\u5f0f\u5e02\u5834\u306f\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306e\u898b\u76f4\u3057\u3092\u8feb\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u3088\u308c\u3070\u3001\u305d\u308c\u304c\u6700\u8fd1\u306e\u682a\u4fa1\u4e0b\u843d\u306e\u7406\u7531\u3060\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u7c73\u56fd\u682a\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\/10\/2023-10-11-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\/10\/2023-10-11-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-40548\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/10\/2023-10-11-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/10\/2023-10-11-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u7c73\u56fd\u682a\u306f\u4eca\u5f8c\u3069\u3046\u306a\u308b\u304b\u3002\u682a\u4fa1\u306e\u8a08\u7b97\u5f0f\u3092\u3082\u3046\u4e00\u5ea6\u63b2\u8f09\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u682a\u4fa1 = 1\u682a\u5f53\u305f\u308a\u5229\u76ca x \u682a\u4fa1\u53ce\u76ca\u7387<\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u4e88\u60f3\u3059\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308c\u3070\u3001\u73fe\u5728\u306e\u3088\u3046\u306a\u682a\u4fa1\u53ce\u76ca\u7387\u3092\u4fdd\u3064\u3053\u3068\u306f\u6975\u3081\u3066\u96e3\u3057\u304f\u306a\u308b\u3060\u308d\u3046\u3057\u3001\u5229\u76ca\u3082\u6050\u3089\u304f\u4e0b\u304c\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5229\u76ca\u3068\u682a\u4fa1\u53ce\u76ca\u7387\u304c\u4e0b\u304c\u308c\u3070\u682a\u4fa1\u306f\u3069\u3046\u306a\u308b\u304b\u3002\u3082\u3046\u5c11\u3057\u5177\u4f53\u7684\u306a\u8a08\u7b97\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u884c\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u3061\u3089\u3082\u53c2\u8003\u306b\u3057\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\/40275\" data-type=\"post\" data-id=\"40275\">2024\u5e74\u306e\u7c73\u56fd\u682a\u4e88\u60f3: \u682a\u4fa1\u306f\u6700\u5927\u306750%\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<a href=\"https:\/\/www.amazon.co.jp\/%E3%82%BD%E3%83%AD%E3%82%B9%E3%81%AF%E8%AD%A6%E5%91%8A%E3%81%99%E3%82%8B-%E8%B6%85%E3%83%90%E3%83%96%E3%83%AB%E5%B4%A9%E5%A3%8A-%E6%82%AA%E5%A4%A2%E3%81%AE%E3%82%B7%E3%83%8A%E3%83%AA%E3%82%AA-%E3%82%B8%E3%83%A7%E3%83%BC%E3%82%B8%E3%83%BB%E3%82%BD%E3%83%AD%E3%82%B9\/dp\/406214915X?__mk_ja_JP=%E3%82%AB%E3%82%BF%E3%82%AB%E3%83%8A&#038;crid=29C5HHAJBMH0P&#038;keywords=%E3%82%BD%E3%83%AD%E3%82%B9%E3%81%AF%E8%AD%A6%E5%91%8A%E3%81%99%E3%82%8B&#038;qid=1680328767&#038;sprefix=%E3%82%BD%E3%83%AD%E3%82%B9%E3%81%AF%E8%AD%A6%E5%91%8A%E3%81%99%E3%82%8B%2Caps%2C225&#038;sr=8-1&#038;linkCode=li2&#038;tag=globalmacrore-22&#038;linkId=5050cbf8a1bf3c0f8ccbc0666ede71ad&#038;language=ja_JP&#038;ref_=as_li_ss_il\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" border=\"0\" src=\"\/\/ws-fe.amazon-adsystem.com\/widgets\/q?_encoding=UTF8&#038;ASIN=406214915X&#038;Format=_SL160_&#038;ID=AsinImage&#038;MarketPlace=JP&#038;ServiceVersion=20070822&#038;WS=1&#038;tag=globalmacrore-22&#038;language=ja_JP\" ><\/a><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ir-jp.amazon-adsystem.com\/e\/ir?t=globalmacrore-22&#038;language=ja_JP&#038;l=li2&#038;o=9&#038;a=406214915X\" width=\"1\" height=\"1\" border=\"0\" alt=\"\" style=\"border:none !important; margin:0px !important;\" \/><br><a href=\"https:\/\/amzn.to\/3ZFTosE\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cFox Businessn\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u6700\u8fd1\u306e\u7c73\u56fd\u682a\u306e\u4e0b\u843d\u306e\u7406\u7531\u3068\u4eca\u5f8c\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a9e\u3063\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":[131],"class_list":["post-40528","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/40528","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=40528"}],"version-history":[{"count":26,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/40528\/revisions"}],"predecessor-version":[{"id":40556,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/40528\/revisions\/40556"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=40528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=40528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=40528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}