{"id":42016,"date":"2023-11-29T20:00:00","date_gmt":"2023-11-29T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=42016"},"modified":"2023-11-29T19:13:59","modified_gmt":"2023-11-29T10:13:59","slug":"%e3%83%ac%e3%82%a4%e3%83%bb%e3%83%80%e3%83%aa%e3%82%aa%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e7%b5%8c%e6%b8%88%e3%81%af%e7%b7%a9%e3%82%84%e3%81%8b%e3%81%ab%e3%81%97%e3%81%8b%e6%b8%9b%e9%80%9f%e3%81%9b%e3%81%9a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/42016","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u7d4c\u6e08\u306f\u7de9\u3084\u304b\u306b\u3057\u304b\u6e1b\u901f\u305b\u305a\u3001\u5927\u304d\u306a\u91d1\u878d\u7de9\u548c\u306f\u306a\u3044"},"content":{"rendered":"\n<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u898b\u901a\u3057\u3068\u91d1\u878d\u653f\u7b56\u306e\u4eca\u5f8c\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u73fe\u91d1\u7d66\u4ed8\u3068\u9ad8\u91d1\u5229<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u53f8\u4f1a\u8005\u306e\u8cea\u554f\u306b\u82e6\u7b11\u3057\u3066\u3044\u305f\u3068\u3053\u308d\u307e\u3067\u5831\u3058\u3066\u304a\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/41974\" data-type=\"post\" data-id=\"41974\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u7d20\u4eba\u306e\u76f8\u5834\u89b3\u304c\u8fd1\u8996\u7684\u904e\u304e\u308b\u3053\u3068\u306b\u5446\u308c\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4eca\u56de\u306f\u672c\u984c\u3067\u3042\u308b\u3002\u3053\u3053\u306e\u8aad\u8005\u306f\u77e5\u3063\u3066\u306e\u901a\u308a\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u91d1\u5229\u306e\u4e0a\u6607\u306b\u3088\u308b\u83ab\u5927\u306a\u653f\u5e9c\u50b5\u52d9\u3078\u306e\u5229\u6255\u3044\u5897\u52a0\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u3082\u305f\u3089\u3059\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u5b9f\u969b\u3001\u30c0\u30ea\u30aa\u6c0f\u306b\u9650\u3089\u305a\u3053\u3053\u306e\u3068\u3053\u308d\u8457\u540d\u6295\u8cc7\u5bb6\u306f\u7686\u305d\u306e\u8a71\u3070\u304b\u308a\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\/40679\" data-type=\"post\" data-id=\"40679\">\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f: \u7c73\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u3067\u91d1\u5229\u306f\u307e\u3060\u307e\u3060\u4e0a\u304c\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/41927\" data-type=\"post\" data-id=\"41927\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u653f\u5e9c\u50b5\u52d9\u306e\u554f\u984c\u306f\u82e5\u8005\u4e16\u4ee3\u3078\u306e\u30c4\u30b1\u3067\u306f\u306a\u304f\u4eca\u306e\u4e16\u4ee3\u306e\u7d4c\u6e08\u5371\u6a5f\u306b\u306a\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u30b3\u30ed\u30ca\u798d\u306b\u304a\u3051\u308b\u653f\u5e9c\u50b5\u52d9\u306e\u5897\u52a0\u306f\u83ab\u5927\u306a\u73fe\u91d1\u7d66\u4ed8\u306e\u7d50\u679c\u8d77\u3053\u3063\u305f\u3082\u306e\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u9ad8\u91d1\u5229\u306b\u3088\u3063\u3066\u3053\u308c\u307e\u3067\u30bc\u30ed\u91d1\u5229\u3060\u3063\u305f\u50b5\u52d9\u306b\u91d1\u5229\u304c\u4ed8\u304d\u59cb\u3081\u305f\u3053\u3068\u304c\u7d4c\u6e08\u3092\u5f90\u3005\u306b\u8755\u3080\u4e00\u65b9\u3067\u3001\u30b3\u30ed\u30ca\u798d\u306e\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u5897\u3048\u305f\u5bb6\u8a08\u306e\u8caf\u84c4\u304c\u307e\u3060\u6b8b\u3063\u3066\u304a\u308a\u3001\u305d\u308c\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u4eca\u3067\u3082\u652f\u3048\u3066\u3044\u308b\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u3070\u3089\u6492\u304b\u308c\u305f\u304a\u91d1\u304c\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u306f\u3001\u5e02\u4e2d\u306b\u5b58\u5728\u3059\u308b\u73fe\u91d1\u3068\u9810\u91d1\u306e\u7dcf\u984d\u3067\u3042\u308b\u30de\u30cd\u30fc\u30b5\u30d7\u30e9\u30a4\u306e\u30b0\u30e9\u30d5\u3092\u898b\u308c\u3070\u5206\u304b\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\/11\/2023-oct-us-real-m2-money-supply-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/11\/2023-oct-us-real-m2-money-supply-chart.png\" alt=\"\" class=\"wp-image-42027\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/11\/2023-oct-us-real-m2-money-supply-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/11\/2023-oct-us-real-m2-money-supply-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306b\u6025\u5897\u3057\u305f\u5206\u306e\u534a\u5206\u307b\u3069\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u56de\u53ce\u3055\u308c\u305f\u3068\u3044\u3063\u305f\u3068\u3053\u308d\u3060\u308d\u3046\u304b\u3002\u3060\u304c\u307e\u3060\u534a\u5206\u6b8b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30c0\u30ea\u30aa\u6c0f\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3053\u308c\u304b\u3089\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u5206\u6790\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>\u73fe\u91d1\u7d66\u4ed8\u304b\u3089\u6765\u305f\u6d88\u8cbb\u8005\u306e\u9810\u91d1\u306f\u5c11\u3057\u305a\u3064\u6e1b\u5c11\u3057\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u7d50\u679c\u3068\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u30af\u30e9\u30c3\u30b7\u30e5\u3057\u305f\u308a\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u5c11\u3057\u305a\u3064\u5f31\u307e\u3063\u3066\u3086\u304f\u3060\u308d\u3046\u3002\u305d\u308c\u304c\u4eca\u8d77\u3053\u3063\u3066\u3044\u308b\u3053\u3068\u3060\u3002\u305d\u308c\u304c\u6700\u8fd1\u306e\u91d1\u5229\u4f4e\u4e0b\u306e\u7406\u7531\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\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\/11\/2023-11-29-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\/11\/2023-11-29-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-42032\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/11\/2023-11-29-us-10-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/11\/2023-11-29-us-10-year-treasury-bond-yield-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u91d1\u5229\u306f\u3044\u3088\u3044\u3088\u4e0b\u304c\u308a\u59cb\u3081\u305f\u306e\u3060\u308d\u3046\u304b\u3002\u3057\u304b\u3057\u30c0\u30ea\u30aa\u6c0f\u306f\u305d\u3046\u306f\u8003\u3048\u3066\u3044\u306a\u3044\u3088\u3046\u3060\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\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>\u91d1\u5229\u306f\u304a\u304a\u3088\u305d\u540c\u3058\u3068\u3053\u308d\u3067\u63a8\u79fb\u3057\u7d9a\u3051\u308b\u304b\u3001\u305d\u308c\u304b\u591a\u5c11\u306f\u4e0b\u304c\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u3060\u304c\u50b5\u5238\u306e\u9700\u7d66\u306b\u95a2\u3059\u308b\u4e0d\u78ba\u5b9a\u6027\u306f\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u6e1b\u901f\u304c\u3042\u304f\u307e\u3067\u7de9\u3084\u304b\u306b\u3057\u304b\u9032\u307e\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3001\u91d1\u5229\u3082\u6025\u901f\u306b\u4f4e\u4e0b\u3059\u308b\u3053\u3068\u306f\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306b\u52a0\u3048\u3066\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u9577\u3089\u304f\u6307\u6458\u3057\u3066\u304d\u305f\u7c73\u56fd\u50b5\u306e\u9700\u7d66\u306e\u554f\u984c\u3082\u3042\u308b\u3002\u7c73\u56fd\u653f\u5e9c\u304c\u50b5\u52d9\u306e\u5229\u6255\u3044\u5897\u52a0\u3084\u30a6\u30af\u30e9\u30a4\u30ca\u306a\u3069\u306e\u554f\u984c\u3067\u7c73\u56fd\u50b5\u3092\u5927\u91cf\u767a\u884c\u3059\u308b\u4e2d\u3001\u3053\u308c\u307e\u3067\u56fd\u50b5\u3092\u8cb7\u3044\u652f\u3048\u3066\u304d\u305fFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u3080\u3057\u308d\u56fd\u50b5\u306e\u4fdd\u6709\u91cf\u3092\u6e1b\u3089\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u8cb7\u3044\u624b\u304c\u3044\u306a\u304f\u306a\u308a\u56fd\u50b5\u304c\u58f2\u3089\u308c\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39898\" data-type=\"post\" data-id=\"39898\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u7c73\u56fd\u50b5\u304b\u3089\u306e\u8cc7\u91d1\u6d41\u51fa\u3092\u8b66\u544a<\/a><\/li>\n<\/ul>\n\n\n\n<p>Fed\u306f\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u3057\u305d\u3046\u306b\u306a\u3044\u306e\u3067\u3001\u3053\u306e\u554f\u984c\u306f\u5f53\u5206\u5b58\u5728\u3057\u7d9a\u3051\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u306e\u7406\u7531\u304b\u3089\u4f8b\u3048\u3070\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306a\u3069\u306f\u653f\u7b56\u91d1\u5229\u306e\u4e0b\u843d\u3092\u4e88\u60f3\u3057\u306a\u304c\u3089\u3001\u9577\u671f\u91d1\u5229\u306b\u3064\u3044\u3066\u306f\u305d\u308c\u307b\u3069\u4e0b\u843d\u3057\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/41429\" data-type=\"post\" data-id=\"41429\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u7c73\u56fd\u306e\u5927\u5e45\u306a\u5229\u4e0b\u3052\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u653f\u7b56\u91d1\u5229\u306fFed\u304c\u6c7a\u3081\u308b\u304c\u3001\u9577\u671f\u91d1\u5229\u306f\u56fd\u50b5\u306e\u91d1\u5229\u306a\u306e\u3067\u9700\u7d66\u306b\u5f71\u97ff\u3055\u308c\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u653f\u7b56\u91d1\u5229\u304c\u4e0b\u304c\u308b\u3068\u3057\u3066\u3001\u653f\u7b56\u91d1\u5229\u306e\u5148\u884c\u304d\u3092\u53cd\u6620\u3059\u308b2\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u4f4e\u4e0b\u306b\u8ced\u3051\u3066\u3044\u308b\u3002\u7b46\u8005\u3082\u91d1\u5229\u4f4e\u4e0b\u306b\u8ced\u3051\u308b\u306b\u306f2\u5e74\u7269\u56fd\u50b5\u304c\u4e00\u756a\u826f\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u3053\u3053\u6570\u30f6\u6708\u8a00\u3044\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u30c0\u30ea\u30aa\u6c0f\u306f\u3069\u3046\u3060\u308d\u3046\u304b\u3002\u5f7c\u306e\u4ee5\u4e0b\u306e\u767a\u8a00\u304b\u3089\u8aad\u307f\u53d6\u308c\u308b\u3053\u3068\u304c\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u91d1\u5229\u306f\u6bd4\u8f03\u7684\u6a2a\u3070\u3044\u3067\u63a8\u79fb\u3059\u308b\u3060\u308d\u3046\u3068\u601d\u3046\u3002Fed\u306e\u653f\u7b56\u306f\u7d4c\u6e08\u304c\u6e1b\u901f\u3059\u308b\u306b\u3064\u308c\u3066\u591a\u5c11\u7de9\u548c\u7684\u306b\u306a\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u5927\u304d\u304f\u5909\u66f4\u3055\u308c\u308b\u3053\u3068\u306f\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91d1\u5229\u3068\u3044\u3046\u306e\u306f\u6587\u8108\u304b\u3089\u9577\u671f\u91d1\u5229\u3060\u308d\u3046\u3002\u4e00\u65b9\u3067\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u653f\u7b56\u91d1\u5229\u306b\u3064\u3044\u3066\u3082\u591a\u5c11\u306e\u4e0b\u843d\u306f\u3042\u308b\u304c\u5927\u304d\u304f\u306f\u4e0b\u843d\u3057\u306a\u3044\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u3053\u306e\u4e88\u60f3\u3082\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u6e1b\u901f\u304c\u7de9\u3084\u304b\u3060\u3068\u3044\u3046\u60f3\u5b9a\u306b\u57fa\u3065\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u6e1b\u901f\u304c\u65e9\u3044\u304b\u9045\u3044\u304b\u3068\u3044\u3046\u554f\u984c\u306f\u3001\u682a\u5f0f\u5e02\u5834\u306e\u898b\u901a\u3057\u306b\u3082\u5f71\u97ff\u3059\u308b\u3002\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u306e\u306f\u4e00\u822c\u306b\u666f\u6c17\u5f8c\u9000\u306e\u534a\u5e74\u307b\u3069\u524d\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u898b\u65b9\u3092\u7e8f\u3081\u3066\u304a\u3053\u3046\u3002\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6765\u5e74\u7b2c2\u56db\u534a\u671f\u306e\u666f\u6c17\u5f8c\u9000\u3092\u30e1\u30a4\u30f3\u30b7\u30ca\u30ea\u30aa\u3068\u3057\u3001\u77ed\u671f\u91d1\u5229\u3082\u9577\u671f\u91d1\u5229\u3082\u4e0b\u304c\u308b\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\/41489\" data-type=\"post\" data-id=\"41489\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u6765\u5e74\u306e\u666f\u6c17\u5f8c\u9000\u306b\u5411\u3051\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u4f4e\u4e0b\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f2025\u5e74\u306e\u666f\u6c17\u5f8c\u9000\u3092\u30e1\u30a4\u30f3\u30b7\u30ca\u30ea\u30aa\u3068\u3057\u3066\u304a\u308a\u3001\u77ed\u671f\u91d1\u5229\u306f\u4e0b\u843d\u3059\u308b\u304c\u9577\u671f\u91d1\u5229\u306f\u4e0b\u843d\u3057\u306a\u3044\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\/41429\" data-type=\"post\" data-id=\"41429\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u7c73\u56fd\u306e\u5927\u5e45\u306a\u5229\u4e0b\u3052\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u30c0\u30ea\u30aa\u6c0f\u306f\u666f\u6c17\u5f8c\u9000\u304c\u6765\u308b\u306e\u306f\u6bd4\u8f03\u7684\u9045\u304f\u3001\u77ed\u671f\u91d1\u5229\u3082\u9577\u671f\u91d1\u5229\u3082\u5927\u3057\u3066\u4e0b\u843d\u3057\u306a\u3044\u3068\u898b\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u7b46\u8005\u306e\u30e1\u30a4\u30f3\u30b7\u30ca\u30ea\u30aa\u306f\u6765\u5e74\u7b2c3\u56db\u534a\u671f\u306e\u666f\u6c17\u5f8c\u9000\u3068\u3001\u77ed\u671f\u91d1\u5229\u306e\u4e0b\u843d\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\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\/40997\" data-type=\"post\" data-id=\"40997\">2024\u5e74\u306e\u7c73\u56fd\u682a\u4e0b\u843d\u3068\u666f\u6c17\u5f8c\u9000: \u30b3\u30ed\u30ca\u5f8c\u306e\u7de9\u548c\u8cc7\u91d1\u304c\u5c3d\u304d\u308b\u306e\u306f\u3044\u3064\u304b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308b\u304c\u3001\u534a\u5e74\u524d\u306e\u682a\u4fa1\u4e0b\u843d\u3068\u3044\u3046\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u898b\u901a\u3057\u3067\u306f\u682a\u5f0f\u5e02\u5834\u306f\u305d\u308d\u305d\u308d\u5929\u4e95\u3067\u3042\u308a\u3001\u7b46\u8005\u306e\u898b\u901a\u3057\u3067\u306f\u682a\u5f0f\u5e02\u5834\u306b\u306f\u3082\u3046\u5c11\u3057\u306e\u7336\u4e88\u304c\u3042\u308a\u3001\u30c0\u30ea\u30aa\u6c0f\u3084\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u307e\u3060\u6642\u9593\u304c\u3042\u308b\u3068\u898b\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u304b\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\/11\/2023-11-29-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\/11\/2023-11-29-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-42050\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/11\/2023-11-29-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/11\/2023-11-29-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" 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