{"id":43122,"date":"2024-01-04T20:00:00","date_gmt":"2024-01-04T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=43122"},"modified":"2024-01-04T13:01:21","modified_gmt":"2024-01-04T04:01:21","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%83%aa%e3%82%b9%e3%82%af%e3%81%af%e6%99%af%e6%b0%97%e5%be%8c%e9%80%80%e3%82%88%e3%82%8a%e3%82%82%e3%82%a4%e3%83%b3","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/43122","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u7c73\u56fd\u7d4c\u6e08\u30ea\u30b9\u30af\u306f\u666f\u6c17\u5f8c\u9000\u3088\u308a\u3082\u30a4\u30f3\u30d5\u30ec\u518d\u52a0\u901f"},"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\u304c\u3001Bloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672024\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\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>\u30a4\u30f3\u30d5\u30ec\u7387\u4e0b\u843d\u3068\u666f\u6c17\u5f8c\u9000<\/strong><\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306b\u91d1\u5229\u306f\u4e0a\u304c\u3063\u305f\u3002\u9ad8\u91d1\u5229\u306e\u304a\u9670\u3067\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0b\u304c\u3063\u305f\u304c\u3001\u3053\u3053\u6570\u30f6\u6708\u4e0b\u843d\u30b9\u30d4\u30fc\u30c9\u306f\u843d\u3061\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/42523\" data-type=\"post\" data-id=\"42523\">11\u6708\u306e\u7c73\u56fd\u30a4\u30f3\u30d5\u30ec\u7387\u306f3.1%\u3001\u3053\u306e\u307e\u307e3%\u53f0\u3067\u8db3\u8e0f\u307f\u3092\u7d9a\u3051\u308b\u306e\u304b\uff1f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5229\u4e0a\u3052\u306f\u30a4\u30f3\u30d5\u30ec\u51b7\u5374\u306b\u52b9\u3044\u305f\u308f\u3051\u3060\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u3067\u9577\u671f\u91d1\u5229\u3082\u76f4\u8fd1\u306e\u5929\u4e95\u304b\u3089\u306f\u843d\u3061\u3066\u304d\u305f\u3053\u3068\u3082\u3042\u308a\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u554f\u984c\u306f\u73fe\u5728\u306e\u91d1\u5229\u6c34\u6e96\u304c\u5f15\u304d\u7de0\u3081\u7684\u306a\u306e\u304b\u7de9\u548c\u7684\u306a\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u95a2\u3057\u3066\u3082\u3053\u306e\u307e\u307e\u4e0b\u843d\u3057\u3066\u3086\u304f\u3068\u3044\u3046\u898b\u65b9\u3068\u3001\u305d\u3046\u7c21\u5358\u306b\u306f\u4e0b\u304c\u3089\u306a\u3044\u3068\u3044\u3046\u898b\u65b9\u304c\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u843d\u3057\u3066\u3086\u304f\u3068\u3044\u3046\u898b\u65b9\u306f\u3001\u5f53\u7136\u306a\u304c\u3089\u5b9f\u4f53\u7d4c\u6e08\u306e\u843d\u3061\u8fbc\u307f\u3092\u524d\u63d0\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u666f\u6c17\u5f8c\u9000\u4e88\u60f3\u3068\u30bb\u30c3\u30c8\u306b\u306a\u308b\u3053\u3068\u304c\u591a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/41951\" data-type=\"post\" data-id=\"41951\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a4\u30f3\u30d5\u30ec\u304c\u4e0b\u304c\u308b\u9650\u308a\u666f\u6c17\u5f8c\u9000\u306f\u7d76\u5bfe\u306b\u8d77\u304d\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30b5\u30de\u30fc\u30ba\u6c0f\u306e2024\u5e74\u7c73\u56fd\u7d4c\u6e08\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u73fe\u5f79\u6700\u9ad8\u306e\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u3067\u3042\u308b\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\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>\u666f\u6c17\u5f8c\u9000\u3092\u30e1\u30a4\u30f3\u306e\u30ea\u30b9\u30af\u3060\u3068\u8003\u3048\u308b\u898b\u65b9\u306b\u306f\u3044\u3055\u3055\u304b\u9a5a\u304b\u3055\u308c\u3066\u3044\u308b\u3002\u76f4\u8fd12\u30f6\u6708\u306e\u91d1\u878d\u5e02\u5834\u306e\u5909\u5316\u304c\u7406\u7531\u3060\u3002<\/p>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u306f\u518d\u4e0a\u6607\u3057\u305f\u3002\u4f4f\u5b85\u4fa1\u683c\u306f\u5e74\u73876%\u304b7%\u3067\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u9577\u671f\u91d1\u5229\u3068\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u306f\u5927\u304d\u304f\u4e0b\u304c\u3063\u305f\u3002\u91d1\u878d\u72b6\u6cc1\u306f\u65e2\u306b\u5927\u304d\u304f\u7de9\u548c\u7684\u306b\u306a\u3063\u305f\u3068\u601d\u3046\u3002\u3060\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057\u306b\u306f\u6c17\u3092\u3064\u3051\u305f\u65b9\u304c\u826f\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u6e1b\u901f\u30ea\u30b9\u30af\u3088\u308a\u3082\u904e\u71b1\u30ea\u30b9\u30af\u306e\u65b9\u3092\u8b66\u6212\u3057\u3066\u3044\u308b\u3088\u3046\u3060\u3002\u77ed\u671f\u7684\u306a\u52d5\u5411\u306b\u3064\u3044\u3066\u8a00\u3048\u3070\u3001\u7b46\u8005\u3082\u3069\u3061\u3089\u304b\u3068\u8a00\u3048\u3070\u305d\u3061\u3089\u306b\u50be\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u756a\u306e\u7406\u7531\u306f\u3084\u306f\u308a\u9577\u671f\u91d1\u5229\u306e\u4f4e\u4e0b\u3067\u3042\u308b\u3002\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\/2024\/01\/2024-1-4-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"565\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-4-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-43133\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-4-us-10-year-treasury-bond-yield-chart.png 697w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-4-us-10-year-treasury-bond-yield-chart-300x243.png 300w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/a><\/figure>\n\n\n\n<p>\u5929\u4e95\u304b\u30891%\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u3067\u3082\u4f4e\u304f\u306f\u306a\u3044\u6c34\u6e96\u3060\u3068\u306f\u601d\u3046\u306e\u3060\u304c\u3001\u554f\u984c\u306f\u682a\u5f0f\u5e02\u5834\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\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\/2024\/01\/2024-1-4-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"697\" height=\"565\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-4-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-43135\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-4-s-and-p-500-chart.png 697w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-4-s-and-p-500-chart-300x243.png 300w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/a><\/figure>\n\n\n\n<p>\u91d1\u5229\u4f4e\u4e0b\u3067\u682a\u9ad8\u3068\u3044\u3046\u306e\u306f\u3001\u307e\u3060\u7d4c\u6e08\u306b\u4f59\u88d5\u304c\u3042\u308b\u6642\u306e\u91d1\u878d\u5e02\u5834\u306e\u52d5\u304d\u3067\u3042\u308b\u3002\u4f59\u88d5\u304c\u306a\u304f\u306a\u308c\u3070\u3069\u3046\u306a\u308b\u304b\u3068\u8a00\u3046\u3068\u30012018\u5e74\u306e\u5229\u4e0a\u3052\u306b\u3088\u308b\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u6642\u306e\u3088\u3046\u306b\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u307e\u307e\u682a\u4fa1\u304c\u4e0b\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u4eca\u306e\u52d5\u304d\u3068\u9006\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>2018\u5e74\u306eS&amp;P 500\u3068\u9577\u671f\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u4e26\u3079\u308b\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\u308b\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<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/04\/late-2018-s-and-p-500-and-us-10-year-treasrury-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"554\" height=\"468\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/04\/late-2018-s-and-p-500-and-us-10-year-treasrury-yield-chart.png\" alt=\"\" class=\"wp-image-22910\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/04\/late-2018-s-and-p-500-and-us-10-year-treasrury-yield-chart.png 554w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/04\/late-2018-s-and-p-500-and-us-10-year-treasrury-yield-chart-300x253.png 300w\" sizes=\"auto, (max-width: 554px) 100vw, 554px\" \/><\/a><\/figure>\n\n\n\n<p>\u682a\u4fa1\u306e\u4e0b\u843d\u304c\u59cb\u307e\u3063\u3066\u30822\u30f6\u6708\u8fd1\u304f\u9577\u671f\u91d1\u5229\u304c\u9ad8\u5024\u6c34\u6e96\u306b\u3042\u308b\u306e\u304c\u5206\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u50b5\u5238\u306e\u5c02\u9580\u5bb6\u3067\u3042\u308b\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u3053\u306e\u307e\u307e\u4e0b\u304c\u3063\u3066\u3086\u304f\u3068\u4e88\u60f3\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\/42495\" data-type=\"post\" data-id=\"42495\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 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class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/43033\" data-type=\"post\" 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