{"id":42612,"date":"2023-12-18T20:00:00","date_gmt":"2023-12-18T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=42612"},"modified":"2023-12-18T14:40:15","modified_gmt":"2023-12-18T05:40:15","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e5%88%a9%e4%b8%8b%e3%81%92%e3%81%af%e7%b1%b3%e5%9b%bd%e7%b5%8c%e6%b8%88%e3%81%ab%e3%83%9e%e3%82%a4%e3%83%8a%e3%82%b9%e3%81%ae%e5%8f%af","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/42612","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5229\u4e0b\u3052\u306f\u7c73\u56fd\u7d4c\u6e08\u306b\u30de\u30a4\u30ca\u30b9\u306e\u53ef\u80fd\u6027"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u6765\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u5229\u4e0b\u3052\u3068\u5b9f\u4f53\u7d4c\u6e08\u306b\u3064\u3044\u3066\u76f4\u611f\u3068\u306f\u9006\u306e\u3053\u3068\u3092\u8a71\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u6765\u5e74\u306e\u5229\u4e0b\u3052\u3068\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u5148\u9031\u306eFOMC\u4f1a\u5408\u3067\u6765\u5e743\u56de\u306e\u5229\u4e0b\u3052\u3092\u4ec4\u3081\u304b\u3057\u305f\u3053\u3068\u304c\u77ed\u671f\u7684\u306b\u306f\u682a\u4fa1\u306b\u30d7\u30e9\u30b9\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u8a9e\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/42578\" data-type=\"post\" data-id=\"42578\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u306e\u5229\u4e0b\u3052\u306f\u682a\u4fa1\u306b\u30d7\u30e9\u30b9<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3053\u308c\u304b\u3089\u653f\u7b56\u91d1\u5229\u304c\u4e0b\u304c\u3063\u3066\u304f\u308b\u3053\u3068\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u4f53\u7d4c\u6e08\u306b\u3069\u3046\u3044\u3046\u5f71\u97ff\u3092\u53ca\u307c\u3059\u304b\u306b\u3064\u3044\u3066\u306f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b63\u53cd\u5bfe\u306e\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\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>\u4f4e\u91d1\u5229\u306e\u72b6\u614b\u304b\u3089\u5229\u4e0a\u3052\u3092\u59cb\u3081\u305f\u3053\u3068\u304c\u91d1\u878d\u5e02\u5834\u306b\u5927\u304d\u306a\u88ab\u5bb3\u3092\u3082\u305f\u3089\u3057\u3066\u3044\u306a\u3044\u306e\u3068\u540c\u3058\u3088\u3046\u306b\u3001\u76f4\u611f\u306b\u53cd\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u9ad8\u91d1\u5229\u306e\u72b6\u614b\u304b\u3089\u5229\u4e0b\u3052\u3092\u59cb\u3081\u308b\u3053\u3068\u306f\u7d4c\u6e08\u306b\u60aa\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3069\u3046\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u304b\uff1f\u3000\u3053\u308c\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u91d1\u5229\u3068\u4f4f\u5b85\u4fa1\u683c\u306b\u3064\u3044\u3066\u8a00\u3063\u3066\u3044\u308b\u3053\u3068\u3068\u540c\u3058\u3067\u3042\u308b\u3002\u5f7c\u306f\u9ad8\u91d1\u5229\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u4e0a\u6607\u3092\u7d9a\u3051\u308b\u4f4f\u5b85\u4fa1\u683c\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u89e3\u8aac\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\/42410\" data-type=\"post\" data-id=\"42410\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u91d1\u5229\u4f4e\u4e0b\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u304c\u3053\u308c\u307b\u3069\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f\u306e\u3060\u304b\u3089\u4f4f\u5b85\u5e02\u5834\u304c\u96e3\u3057\u3044\u72b6\u6cc1\u306b\u306a\u308b\u3068\u591a\u304f\u306e\u4eba\u306f\u8003\u3048\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u5b9f\u969b\u306b\u306f\u9006\u306e\u3053\u3068\u304c\u8d77\u304d\u305f\u3002\u4f4f\u5b85\u306e\u58f2\u308a\u624b\u304c\u4f4f\u5b85\u3092\u58f2\u3089\u306a\u304f\u306a\u3063\u305f\u306e\u3067\u4f9b\u7d66\u304c\u7d30\u308a\u3001\u4f4f\u5b85\u4fa1\u683c\u306f\u5168\u56fd\u5e73\u5747\u3067\u65b0\u305f\u306a\u9ad8\u5024\u3092\u66f4\u65b0\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u4f4e\u91d1\u5229\u3067\u501f\u308a\u63db\u3048\u304c\u5bb9\u6613\u306b\u306a\u308a\u3001\u4eba\u3005\u304c\u4f4f\u5b85\u3092\u624b\u653e\u3059\u3053\u3068\u3067\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u30ed\u30fc\u30f3\u91d1\u5229\u4f4e\u4e0b\u3067\u4f4f\u5b85\u304c\u8cb7\u3044\u3084\u3059\u304f\u306a\u308b\u3068\u3059\u308b\u4e00\u822c\u7684\u306a\u8003\u3048\u65b9\u3068\u306f\u9006\u306e\u767a\u60f3\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u540c\u3058\u8a18\u4e8b\u3067\u6b21\u306e\u3088\u3046\u306b\u3082\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u91d1\u5229\u4e0a\u6607\u306e\u74b0\u5883\u4e0b\u3067\u306f\u3001\u91d1\u5229\u4f4e\u4e0b\u306e\u74b0\u5883\u3057\u304b\u7d4c\u9a13\u3057\u305f\u3053\u3068\u306e\u306a\u3044\u4eba\u304c\u81ea\u52d5\u7684\u306b\u601d\u3044\u3064\u304f\u3053\u3068\u3068\u306f\u9055\u3063\u305f\u3084\u308a\u65b9\u3067\u7269\u4e8b\u306f\u9032\u3093\u3067\u3086\u304f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u91d1\u5229\u4f4e\u4e0b\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u6e1b\u901f\uff1f<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u7406\u5c48\u3067\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u4f4e\u91d1\u5229\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u3080\u3057\u308d\u6e1b\u901f\u3057\u3066\u3086\u304f\u3068\u3059\u308b\u7406\u7531\u3092\u6b21\u306e\u3088\u3046\u306b\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>\u4f55\u6545\u306a\u3089\u3070\u3001\u5229\u4e0b\u3052\u304c\u3053\u308c\u304b\u3089\u6765\u308b\u306e\u3067\u3042\u308c\u3070\u4eba\u3005\u306f\u91d1\u5229\u304c\u4e0b\u304c\u308b\u306e\u3092\u5f85\u3064\u53ef\u80fd\u6027\u304c\u3042\u308b\u304b\u3089\u3060\u3002\u305d\u3057\u3066\u305d\u306e\u884c\u52d5\u306f\u7d4c\u6e08\u306e\u6e1b\u901f\u3092\u5f8c\u62bc\u3057\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5c06\u6765\u306e\u91d1\u5229\u4f4e\u4e0b\u3092\u4eba\u3005\u304c\u4e88\u60f3\u3059\u308c\u3070\u3001\u4eca\u3067\u306f\u306a\u304f\u91d1\u5229\u304c\u4f4e\u304f\u306a\u3063\u3066\u304b\u3089\u6d88\u8cbb\u3084\u6295\u8cc7\u3092\u3057\u3088\u3046\u3068\u8003\u3048\u3001\u7d4c\u6e08\u304c\u843d\u3061\u8fbc\u3080\u3068\u3044\u3046\u8003\u3048\u65b9\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9006\u306b\u8a00\u3048\u3070\u3001\u91d1\u5229\u4e0a\u6607\u306e\u5c40\u9762\u306b\u304a\u3044\u3066\u306f\u91d1\u5229\u304c\u4e0a\u304c\u308b\u524d\u306b\u4f4f\u5b85\u3084\u81ea\u52d5\u8eca\u3092\u30ed\u30fc\u30f3\u3067\u8cb7\u3063\u3066\u3057\u307e\u304a\u3046\u3068\u3044\u3046\u52d5\u304d\u304c\u3042\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u305d\u306e\u8a71\u306f\u3042\u308b\u7a0b\u5ea6\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3082\u3061\u308d\u3093\u5358\u7d14\u306b\u4f4e\u91d1\u5229\u30a4\u30b3\u30fc\u30eb\u7d4c\u6e08\u6e1b\u901f\u3068\u8003\u3048\u308b\u308f\u3051\u306b\u306f\u3044\u304b\u306a\u3044\u3002\u3057\u304b\u3057\u4f4e\u91d1\u5229\u306b\u306f\u305d\u3046\u3044\u3046\u5074\u9762\u3082\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3001\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u7d4c\u6e08\u306b\u304a\u3044\u3066\u306f\u3053\u308c\u307e\u306740\u5e74\u306e\u30c7\u30d5\u30ec\u7d4c\u6e08\u3067\u306f\u8d77\u3053\u3089\u306a\u304b\u3063\u305f\u3053\u3068\u304c\u8d77\u304d\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul 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noopener\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u3067\u89e3\u8aac\u3057\u3066\u3044\u308b\u3068\u3053\u308d\u306e\u81ea\u5df1\u52a0\u901f\u7684\u30c8\u30ec\u30f3\u30c9\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u4f4e\u4e0b\u304c\u8cb7\u3044\u63a7\u3048\u306e\u539f\u56e0\u3068\u306a\u308a\u3001\u8cb7\u3044\u63a7\u3048\u304c\u7d4c\u6e08\u6e1b\u901f\u306b\u3088\u308a\u307e\u305f\u91d1\u5229\u4f4e\u4e0b\u306e\u539f\u56e0\u3068\u306a\u308b\u3002\u305d\u308c\u304c\u7e70\u308a\u8fd4\u3055\u308c2\u3064\u306e\u8981\u7d20\u304c\u4e92\u3044\u3092\u9055\u3044\u306b\u52a0\u901f\u3055\u305b\u3066\u3086\u304f\u3002\u30bd\u30ed\u30b9\u6c0f\u306e\u7406\u8ad6\u3067\u306f\u3001\u30c8\u30ec\u30f3\u30c9\u304c\u81ea\u5df1\u52a0\u901f\u7684\u3067\u3042\u308b\u9650\u308a\u3001\u305d\u306e\u30c8\u30ec\u30f3\u30c9\u306f\u5225\u306e\u5927\u304d\u306a\u8981\u56e0\u304c\u305d\u308c\u3092\u8ee2\u63db\u3055\u305b\u308b\u307e\u3067\u3072\u305f\u3059\u3089\u9032\u3093\u3067\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u30c7\u30d5\u30ec\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u3068\u3044\u3046\u5de8\u5927\u306a\u30c8\u30ec\u30f3\u30c9\u8ee2\u63db\u306b\u3088\u3063\u3066\u3001\u672c\u5f53\u306b\u67d4\u8edf\u306a\u767a\u60f3\u304c\u6c42\u3081\u3089\u308c\u308b\u5c40\u9762\u306b\u6765\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<a 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