{"id":43540,"date":"2024-01-19T20:00:00","date_gmt":"2024-01-19T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=43540"},"modified":"2024-01-19T15:04:37","modified_gmt":"2024-01-19T06:04:37","slug":"%e3%83%ac%e3%82%a4%e3%83%bb%e3%83%80%e3%83%aa%e3%82%aa%e6%b0%8f%e3%80%81%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e7%8e%87%e3%81%ae%e4%bd%8e%e4%b8%8b%e3%82%92%e4%ba%88%e6%83%b3%e3%81%9b%e3%81%9a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/43540","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4f4e\u4e0b\u3092\u4e88\u60f3\u305b\u305a"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u4e16\u754c\u7d4c\u6e08\u30d5\u30a9\u30fc\u30e9\u30e0\uff08\u901a\u79f0\u30c0\u30dc\u30b9\u4f1a\u8b70\uff09\u306b\u304a\u3051\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3092\u7d39\u4ecb\u3059\u308b\u3002\u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u91d1\u5229\u4f4e\u4e0b\u306f\u7d9a\u304f\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u3092\u542b\u3080\u91d1\u878d\u5e02\u5834\u5168\u4f53\u3092\u652f\u914d\u3057\u3066\u3044\u308b\u306e\u306f\u91d1\u5229\u3067\u3042\u308b\u3002\u91d1\u5229\u304c\u4e0b\u304c\u308b\u3068\u682a\u4fa1\u304c\u4e0a\u304c\u308a\u3001\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u91d1\u5229\u306f\u53bb\u5e74\u306e\u9ad8\u5024\u304b\u3089\u591a\u5c11\u4e0b\u304c\u3063\u3066\u304d\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\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\/2024-1-19-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\/2024-1-19-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-43543\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-19-us-10-year-treasury-bond-yield-chart.png 697w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2024-1-19-us-10-year-treasury-bond-yield-chart-300x243.png 300w\" sizes=\"auto, (max-width: 697px) 100vw, 697px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u308c\u306f\u53bb\u5e74\u7d42\u76e4\u304b\u3089\u306e\u682a\u9ad8\u306e\u539f\u56e0\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u91d1\u5229\u306f\u3053\u308c\u304b\u3089\u3082\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u306e\u304b\u3002\u91d1\u5229\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u5dee\u3057\u5f15\u3044\u305f\u5b9f\u8cea\u91d1\u5229\u306b\u3088\u3063\u3066\u69cb\u6210\u3055\u308c\u308b\u3002\uff08\u540d\u76ee\uff09\u91d1\u5229\u3068\u306f\u305d\u306e2\u3064\u306e\u548c\u3067\u3042\u308b\u3002\u3060\u304b\u3089\u30c0\u30ea\u30aa\u6c0f\u306f\u91d1\u5229\u306e\u6c34\u6e96\u306b\u3064\u3044\u3066\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>\u50b5\u5238\u306e\u91d1\u5229\u306e\u8a71\u304b\u3089\u59cb\u3081\u3088\u3046\u3002\u307e\u305a\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u8003\u3048\u3001\u305d\u308c\u306b\u5b9f\u8cea\u91d1\u5229\u3092\u8db3\u3059\u3002<\/p>\n\n\n\n<p>\u307e\u305a\u30a4\u30f3\u30d5\u30ec\u7387\u306f3%\u304b\u30893.5%\u7a0b\u5ea6\u3067\u63a8\u79fb\u3059\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002\u305d\u3057\u3066\u305d\u308c\u306b\u5b9f\u8cea\u91d1\u5229\u3092\u8db3\u3059\u3002\u5b9f\u8cea\u91d1\u5229\u306f1%\u30682%\u306e\u9593\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u8a08\u7b97\u306f\u3053\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u3053\u308c\u3089\u3092\u8db3\u3057\u5408\u308f\u305b\u308b\u3068\u91d1\u5229\u306e\u6c34\u6e96\u304c\u5f97\u3089\u308c\u308b\u306e\u3067\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u91d1\u5229\u304c4%\u304b\u30895.5%\u7a0b\u5ea6\u306e\u6c34\u6e96\u3067\u63a8\u79fb\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u3088\u3046\u3060\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u6c34\u6e96\u3092\u5ff5\u982d\u306b\u7f6e\u3044\u305f\u4e0a\u3067\u3001\u30c0\u30ea\u30aa\u6c0f\u306f4%\u8fd1\u8fba\u307e\u3067\u4e0b\u304c\u3063\u3066\u304d\u305f\u9577\u671f\u91d1\u5229\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8a9e\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>\u3060\u304b\u3089\u91d1\u5229\u304c4%\u3067\u3042\u308b\u306a\u3089\u3070\u3001\u305d\u308c\u306f\u3082\u306f\u3084\u9b45\u529b\u7684\u306a\u91d1\u5229\u6c34\u6e96\u3067\u306f\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u898b\u65b9\u3067\u306f\u3001\u91d1\u5229\u304c\u305d\u308c\u4ee5\u4e0a\u4e0b\u304c\u3063\u305f\u5834\u5408\u306b\u306f\u4e0b\u304c\u308a\u3059\u304e\u3068\u3044\u3046\u3053\u3068\u3089\u3057\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u63a8\u79fb\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u305d\u308c\u307b\u3069\u4e0b\u304c\u3089\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u306e\u306f\u53bb\u5e74\u304b\u3089\u306e\u3053\u3068\u3067\u3042\u308b\u3002\u3060\u304c\u3001\u6ce8\u76ee\u3057\u305f\u3044\u306e\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u304c3%\u8fd1\u304f\u307e\u3067\u843d\u3061\u3066\u304d\u305f\u4eca\u3067\u3082\u30c0\u30ea\u30aa\u6c0f\u304c3%\u304b\u30893.5%\u3068\u3044\u3046\u30a4\u30f3\u30d5\u30ec\u7387\u4e88\u60f3\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4ee5\u4e0b\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\/2023-dec-us-cpi-growth-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2023-dec-us-cpi-growth-chart.png\" alt=\"\" class=\"wp-image-43395\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2023-dec-us-cpi-growth-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/01\/2023-dec-us-cpi-growth-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f3%\u307e\u3067\u843d\u3061\u3066\u304d\u305f\u3068\u3053\u308d\u3067\u8db3\u8e0f\u307f\u3057\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u3053\u3053\u304b\u3089\u66f4\u306b\u4e0b\u304c\u3063\u3066\u3086\u304f\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u8b70\u8ad6\u306e\u7684\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u4e88\u60f3\u3059\u308b\u6570\u5b57\u304b\u3089\u8003\u3048\u308b\u3068\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3082\u307e\u305f\u3053\u306e\u6c34\u6e96\u304c\u59a5\u5f53\u3067\u3042\u308a\u3001\u3053\u3053\u304b\u3089\u7d99\u7d9a\u7684\u306b\u4e0b\u304c\u3063\u3066\u3086\u304f\u3053\u3068\u306f\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u3084\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6bd4\u8f03\u7684\u30c0\u30ea\u30aa\u6c0f\u306b\u8fd1\u3044\u4e88\u60f3\u3092\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\/43122\" data-type=\"post\" data-id=\"43122\">\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<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u306b\u8ee2\u3058\u308b\u524d\u306b3.3%\u7a0b\u5ea6\u307e\u3067\u4e0b\u304c\u308b\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\/43452\" data-type=\"post\" data-id=\"43452\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u9060\u304b\u3089\u305a\u4e0a\u6607\u306b\u8ee2\u3058\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u91d1\u5229\u306e\u52d5\u5411\u306f\u682a\u4fa1\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306e\u30b7\u30ca\u30ea\u30aa\u306a\u3089\u3001\u7c73\u56fd\u682a\u306b\u306f\u4e0d\u5229\u3060\u308d\u3046\u3002\u4e00\u65b9\u3067\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3082\u682a\u4fa1\u306b\u4e0d\u5229\u306a\u4e88\u60f3\u3092\u3057\u3066\u3044\u308b\u304b\u3089\u8208\u5473\u6df1\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/43477\" data-type=\"post\" data-id=\"43477\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u7c73\u56fd\u682a\u4e88\u60f3: S&amp;P 500\u306f\u30c0\u30d6\u30eb\u30c8\u30c3\u30d7\u3092\u5f62\u6210\u3057\u3066\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7b46\u8005\u306e\u4e88\u60f3\u306f\u5e74\u59cb\u306b\u66f8\u3044\u3066\u304a\u3044\u305f\u306e\u3067\u3001\u305d\u3061\u3089\u3092\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\/43033\" data-type=\"post\" data-id=\"43033\">2024\u5e74\u306e\u7c73\u56fd\u682a\u306e\u63a8\u79fb\u4e88\u60f3<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u4e16\u754c\u7d4c\u6e08\u30d5\u30a9\u30fc\u30e9\u30e0\uff08\u901a\u79f0\u30c0\u30dc\u30b9\u4f1a\u8b70\uff09\u306b\u304a\u3051\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3092\u7d39\u4ecb\u3059\u308b\u3002\u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\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":[118,108],"tags":[102],"class_list":["post-43540","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/43540","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=43540"}],"version-history":[{"count":13,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/43540\/revisions"}],"predecessor-version":[{"id":43554,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/43540\/revisions\/43554"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=43540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=43540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=43540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}