{"id":46059,"date":"2024-03-17T20:00:00","date_gmt":"2024-03-17T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=46059"},"modified":"2024-03-17T19:16:27","modified_gmt":"2024-03-17T10:16:27","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e5%a4%b1%e6%a5%ad%e7%8e%87%e4%b8%8a%e6%98%87%e3%81%a7%e7%b1%b3%e5%9b%bd%e3%81%ae%e6%99%af%e6%b0%97%e5%be%8c%e9%80%80%e3%81%8c%e8%bf%91","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/46059","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u5931\u696d\u7387\u4e0a\u6607\u3067\u7c73\u56fd\u306e\u666f\u6c17\u5f8c\u9000\u304c\u8fd1\u3065\u3044\u305f"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u81ea\u793e\u306e\u52d5\u753b\u914d\u4fe1\u3067\u3001\u5931\u696d\u7387\u306e\u63a8\u79fb\u3092\u3082\u3068\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u666f\u6c17\u5f8c\u9000\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u8ca1\u653f\u8d64\u5b57\u3068\u7c73\u56fd\u50b5<\/strong><\/p>\n\n\n\n<p>\u6700\u8fd1\u591a\u304f\u306e\u8457\u540d\u6295\u8cc7\u5bb6\u304c\u6182\u616e\u3057\u3066\u3044\u308b\u306e\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u5de8\u984d\u306e\u8ca1\u653f\u8d64\u5b57\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30eb\u3092\u4f7f\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u6e08\u5236\u88c1\u3092\u907f\u3051\u308b\u305f\u3081\u306bBRICS\u3084\u4e2d\u6771\u306e\u56fd\u3005\u304c\u30c9\u30eb\u8cc7\u7523\u3092\u907f\u3051\u3001\u91cf\u7684\u7de9\u548c\u3067\u7c73\u56fd\u50b5\u3092\u8cb7\u3044\u5165\u308c\u3066\u3044\u305fFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u3067\u3055\u3048\u30a4\u30f3\u30d5\u30ec\u3067\u8cb7\u3044\u5165\u308c\u304c\u51fa\u6765\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u4eca\u3001\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u304c\u767a\u884c\u3059\u308b\u56fd\u50b5\u3092\u8ab0\u304c\u8cb7\u3046\u306e\u304b\u3068\u3044\u3046\u554f\u984c\u304c\u6df1\u523b\u5316\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\/45107\" data-type=\"post\" data-id=\"45107\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30c9\u30eb\u306f\u57fa\u8ef8\u901a\u8ca8\u306e\u5730\u4f4d\u3092\u5931\u3063\u3066\u66b4\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\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>\u8ca1\u653f\u8d64\u5b57\u306f\u62e1\u5927\u3057\u3066\u3044\u308b\u3002\u8d64\u5b57\u306fGDP\u6bd4\u3067\u6b74\u53f2\u7684\u306b\u9ad8\u3044\u6c34\u6e96\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u3053\u308c\u307e\u3067\u306e\u52d5\u753b\u914d\u4fe1\u3067\u3082\u8a9e\u3063\u3066\u3044\u308b\u901a\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u666f\u6c17\u5f8c\u9000\u306b\u9665\u308c\u3070\u8ca1\u653f\u8d64\u5b57\u306fGDP\u6bd4\u30672\u30b1\u30bf\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u975e\u5e38\u306b\u9ad8\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u72b6\u6cc1\u4e0b\u3067\u306f\u305d\u308c\u306f\u554f\u984c\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f55\u6545\u9ad8\u91d1\u5229\u306e\u72b6\u6cc1\u3067\u8ca1\u653f\u8d64\u5b57\u304c\u554f\u984c\u306b\u306a\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u91d1\u5229\u4e0a\u6607\u306b\u3088\u3063\u3066\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u6025\u5897\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30bc\u30ed\u91d1\u5229\u3067\u3042\u308c\u3070\u91d1\u5229\u3092\u6255\u308f\u306a\u304f\u3066\u826f\u304b\u3063\u305f\u306e\u3060\u304c\u3001\u4eca\u3067\u306f\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u72b6\u6cc1\u3067\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u56fd\u50b5\u3092\u767a\u884c\u3057\u306a\u3051\u308c\u3070\u5229\u6255\u3044\u304c\u51fa\u6765\u306a\u3044\u304c\u3001\u305d\u308c\u306f\u66f4\u306a\u308b\u501f\u91d1\u5897\u52a0\u3092\u3082\u305f\u3089\u3057\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306e\u9996\u3092\u7d5e\u3081\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306f\u6d88\u8cbb\u8005\u30ed\u30fc\u30f3\u306e\u5229\u6255\u3044\u3092\u6d88\u8cbb\u8005\u30ed\u30fc\u30f3\u304b\u3089\u306e\u501f\u308a\u5165\u308c\u3067\u8cc4\u3063\u3066\u3044\u308b\u81ea\u8ee2\u8eca\u64cd\u696d\u306e\u4eba\u72b6\u614b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u306a\u3069\u306f\u3001\u5927\u7d71\u9818\u9078\u306b\u304b\u3089\u3093\u3067\u5927\u898f\u6a21\u306a\u8ca1\u653f\u653f\u7b56\u304c\u767a\u8868\u3055\u308c\u305d\u3046\u306a\u4eca\u5e74\u5f8c\u534a\u304c\u7c73\u56fd\u50b5\u5e02\u5834\u306b\u3068\u3063\u3066\u306e\u81e8\u754c\u70b9\u3067\u306f\u306a\u3044\u304b\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\/44883\" data-type=\"post\" data-id=\"44883\">\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f: \u4eca\u5e74\u4e2d\u306b\u7c73\u56fd\u50b5\u66b4\u843d\u3001\u91d1\u5229\u6025\u4e0a\u6607\u306e\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u666f\u6c17\u5f8c\u9000\u3068\u56fd\u50b5\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u56fd\u50b5\u5e02\u5834\u306b\u3068\u3063\u3066\u8a66\u7df4\u3068\u306a\u308b\u306e\u306f\u3001\u6b21\u671f\u5927\u7d71\u9818\u306e\u8ca1\u653f\u653f\u7b56\u306e\u307b\u304b\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u666f\u6c17\u5f8c\u9000\u3067\u3042\u308b\u3002\u3069\u3061\u3089\u3082\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306e\u501f\u91d1\u304c\u5897\u3048\u3001\u56fd\u50b5\u5e02\u5834\u306b\u8ca0\u62c5\u304c\u304b\u304b\u308a\u305d\u3046\u306a\u30a4\u30d9\u30f3\u30c8\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u666f\u6c17\u5f8c\u9000\u306f\u591a\u304f\u306e\u4eba\u306e\u4e88\u60f3\u3088\u308a\u3082\u9045\u308c\u3066\u306f\u3044\u308b\u304c\u3001\u5404\u7a2e\u7d4c\u6e08\u7d71\u8a08\u3092\u898b\u308b\u3068\u7740\u5b9f\u306b\u8feb\u3063\u3066\u304d\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u6ce8\u76ee\u3059\u308b\u306e\u306f\u3001\u6708\u59cb\u3081\u306b\u767a\u8868\u3055\u308c\u305f\u5931\u696d\u7387\u3067\u3042\u308b\u3002\u6700\u65b0\u306e\u96c7\u7528\u7d71\u8a08\u3067\u306f\u5931\u696d\u7387\u306e\u4e0a\u6607\u304c\u8a71\u984c\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/45619\" data-type=\"post\" data-id=\"45619\">\u5931\u696d\u7387\u4e0a\u6607\u3067\u7c73\u56fd\u306e\u666f\u6c17\u5f8c\u9000\u304c\u898b\u3048\u3066\u304d\u305f2\u6708\u306e\u96c7\u7528\u7d71\u8a08<\/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\/2024\/03\/2024-feb-us-unemployment-rate-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"538\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-feb-us-unemployment-rate-chart.png\" alt=\"\" class=\"wp-image-45622\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-feb-us-unemployment-rate-chart.png 538w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-feb-us-unemployment-rate-chart-300x260.png 300w\" sizes=\"auto, (max-width: 538px) 100vw, 538px\" \/><\/a><\/figure>\n\n\n\n<p>\u554f\u984c\u306f\u3001\u5931\u696d\u7387\u306f\u4e00\u65e6\u4e0a\u304c\u308a\u59cb\u3081\u308b\u3068\u305d\u306e\u4e0a\u6607\u304c\u306a\u304b\u306a\u304b\u6b62\u307e\u3089\u306a\u3044\u3068\u3044\u3046\u70b9\u3067\u3042\u308b\u3002\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u5468\u77e5\u306e\u4e8b\u5b9f\u3060\u308d\u3046\u304c\u3001\u52b4\u50cd\u5e02\u5834\u306f\u91d1\u878d\u653f\u7b56\u306e\u52b9\u679c\u304c\u975e\u5e38\u306b\u5c4a\u304d\u306b\u304f\u3044\u3001\u5f53\u5c40\u306b\u3068\u3063\u3066\u64cd\u4f5c\u3057\u306b\u304f\u3044\u5e02\u5834\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u5931\u696d\u7387\u304c\u4e0a\u304c\u3063\u3066\u304b\u3089\u91d1\u878d\u7de9\u548c\u3092\u3057\u305f\u3068\u3057\u3066\u3082\u3001\u305d\u306e\u52b9\u679c\u304c\u5c4a\u304f\u307e\u3067\u306b\u306f\u6642\u9593\u304c\u304b\u304b\u308b\u306e\u3067\u5931\u696d\u7387\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u6b74\u53f2\u4e0a\u306e\u5931\u696d\u7387\u4e0a\u6607\u306e\u63a8\u79fb\u3092\u30b0\u30e9\u30d5\u306b\u793a\u3057\u305f\u4e0a\u3067\u3001\u5931\u696d\u7387\u304c\u4e00\u5ea6\u3042\u308b\u7a0b\u5ea6\u4e0a\u6607\u3057\u305f\u5834\u5408\u3001\u305d\u306e\u307e\u307e\u6b62\u307e\u3089\u305a\u5927\u304d\u304f\u4e0a\u6607\u3057\u3066\u3044\u308b\u3053\u3068\u3001\u305d\u3057\u3066\u305d\u306e\u969b\u306b\u306f\u5fc5\u305a\u666f\u6c17\u5f8c\u9000\u304c\u8d77\u304d\u3066\u3044\u308b\u3053\u3068\u3092\u7d39\u4ecb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u30b0\u30e9\u30d5\u306f\u5931\u696d\u7387\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\u3067\u3001\u7070\u8272\u306e\u90e8\u5206\u306f\u666f\u6c17\u5f8c\u9000\u3092\u793a\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\/03\/2024-feb-us-unemployment-rate-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"461\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-feb-us-unemployment-rate-long-term-chart.png\" alt=\"\" class=\"wp-image-46085\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-feb-us-unemployment-rate-long-term-chart.png 461w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-feb-us-unemployment-rate-long-term-chart-297x300.png 297w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2024-feb-us-unemployment-rate-long-term-chart-120x120.png 120w\" sizes=\"auto, (max-width: 461px) 100vw, 461px\" \/><\/a><\/figure>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\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>\u5931\u696d\u7387\u304c1\u5e74\u79fb\u52d5\u5e73\u5747\u7dda\u3092\u3057\u3063\u304b\u308a\u3068\u4e0a\u56de\u3063\u305f\u5834\u5408\u3001\u5931\u696d\u7387\u306f\u305d\u306e\u307e\u307e\u6025\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u60aa\u5316\u3059\u308b\u6d88\u8cbb\u8005\u306e\u8cc7\u91d1\u7e70\u308a<\/strong><\/p>\n\n\n\n<p>\u307e\u305f\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u52b4\u50cd\u5e02\u5834\u306b\u76ee\u3092\u5411\u3051\u3066\u3044\u308b\u304c\u3001\u7b46\u8005\u304c\u6ce8\u76ee\u3057\u3066\u3044\u308b\u5225\u306e\u6307\u6a19\u3082\u7d39\u4ecb\u3057\u3066\u304a\u3053\u3046\u3002\u9280\u884c\u306b\u304a\u3051\u308b\u30ed\u30fc\u30f3\u5168\u4f53\u306e\u8fd4\u6e08\u9045\u5ef6\u7387\u3068\u3001\u305d\u306e\u5185\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u8fd4\u6e08\u9045\u5ef6\u7387\u306e\u30b0\u30e9\u30d5\u3067\u3042\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\/03\/2023-4q-us-delinquency-rates-on-all-loans-and-on-credit-card-loans-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2023-4q-us-delinquency-rates-on-all-loans-and-on-credit-card-loans-chart.png\" alt=\"\" class=\"wp-image-46091\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2023-4q-us-delinquency-rates-on-all-loans-and-on-credit-card-loans-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/2023-4q-us-delinquency-rates-on-all-loans-and-on-credit-card-loans-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u3061\u3089\u3082\u660e\u3089\u304b\u306a\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u7279\u306b\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u65b9\u306f\u65e2\u306b\u304b\u306a\u308a\u60aa\u5316\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u306a\u3069\u3067\u50cd\u304b\u305a\u306b\u6d88\u8cbb\u3059\u308b\u3053\u3068\u3092\u899a\u3048\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u6d88\u8cbb\u8005\u305f\u3061\u304c\u3001\u73fe\u91d1\u7d66\u4ed8\u304c\u7d42\u308f\u3063\u305f\u5f8c\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u3067\u540c\u3058\u3053\u3068\u3092\u7d9a\u3051\u3066\u3044\u305f\u304c\u3001\u91d1\u5229\u4e0a\u6607\u306b\u3088\u3063\u3066\u501f\u91d1\u304c\u8fd4\u305b\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u7740\u5b9f\u306b\u60aa\u5316\u3057\u3066\u3044\u308b\u3002\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306a\u3069\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/43803\" data-type=\"post\" data-id=\"43803\">\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f: \u4eca\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u5f85\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u5f85\u3068\u540c\u3058<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u3053\u308c\u3082\u524d\u304b\u3089\u8a00\u3063\u3066\u3044\u308b\u3053\u3068\u3060\u304c\u3001\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u652f\u914d\u3057\u3066\u3044\u308b\u306e\u306f\u30b3\u30ed\u30ca\u5f8c\u306e\u83ab\u5927\u306a\u73fe\u91d1\u7d66\u4ed8\u304c\u3082\u305f\u3089\u3057\u305f\u5de8\u5927\u306a\u9577\u671f\u30c8\u30ec\u30f3\u30c9\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u666f\u6c17\u5f8c\u9000\u3082\u3059\u3050\u306b\u306f\u6765\u306a\u3044\u3057\u3001\u4e00\u822c\u306b\u666f\u6c17\u5f8c\u9000\u306e\u534a\u5e74\u307b\u3069\u524d\u306b\u4e0b\u843d\u3059\u308b\u682a\u5f0f\u5e02\u5834\u3082\u3059\u3050\u306b\u306f\u4e0b\u843d\u3057\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u5931\u696d\u7387\u3084\u8fd4\u6e08\u9045\u5ef6\u7387\u306a\u3069\u306e\u6570\u5b57\u306f\u660e\u3089\u304b\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u72b6\u6cc1\u304c\u60aa\u5316\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\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>\u308f\u308c\u308f\u308c\u306f\u5931\u696d\u7387\u306e\u52d5\u5411\u3092\u614e\u91cd\u306b\u898b\u5b88\u3063\u3066\u3044\u308b\u3002\u5931\u696d\u7387\u306f\u3053\u308c\u304b\u3089\u5404\u6708\u306e\u7d4c\u6e08\u6307\u6a19\u3092\u898b\u3066\u3086\u304f\u4e0a\u3067\u4e00\u756a\u91cd\u8981\u306a\u6307\u6a19\u3060\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5931\u696d\u7387\u306f\u660e\u3089\u304b\u306b\u4e0a\u5411\u3044\u3066\u306f\u3044\u308b\u304c\u3001\u3057\u304b\u3057\u307e\u3060\u4e0a\u6607\u304c\u59cb\u307e\u3063\u305f\u3070\u304b\u308a\u3067\u3042\u308b\u3002\u3082\u3046\u5c11\u3057\u3059\u308c\u3070\u3001\u5931\u696d\u7387\u304c\u660e\u3089\u304b\u306b\u5927\u304d\u304f\u4e0a\u6607\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u682a\u5f0f\u5e02\u5834\u306a\u3069\u306f\u305d\u308c\u3092\u7121\u8996\u3057\u3066\u76db\u308a\u4e0a\u304c\u308b\u72b6\u6cc1\u304c\u751f\u307e\u308c\u308b\u3060\u308d\u3046\u3002\u3057\u304b\u3057\u305d\u308c\u304c\u7c73\u56fd\u682a\u3068\u30c9\u30eb\u306e\u672c\u5f53\u306e\u6700\u5f8c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/45949\" data-type=\"post\" data-id=\"45949\">\u30bd\u30ed\u30b9\u6c0f: 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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 (2024\/1\/2)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u682a\u4fa1\u306f\u307e\u3060\u4e0a\u6607\u3092\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u3048\u308c\u3070\u3001\u5e74\u59cb\u306e\u682a\u4fa1\u4e88\u60f3\u306f\u307e\u3060\u5f53\u305f\u3063\u3066\u3044\u308b\u306e\u3060\u304c\u3001\u4eca\u306e\u898b\u89e3\u306f\u3084\u3084\u4fee\u6b63\u3055\u308c\u3066\u3044\u308b\u3002\u73fe\u72b6\u306e\u5931\u696d\u7387\u4e0a\u6607\u3092\u8003\u3048\u308c\u3070\u3001\u4eca\u5e74\u7d42\u76e4\u306e\u666f\u6c17\u5f8c\u9000\u306f\u5341\u5206\u6709\u308a\u5f97\u308b\u3060\u308d\u3046\u3002\u4eee\u306b\u6765\u5e74\u59cb\u3081\u3060\u3068\u3057\u3066\u3082\u3001\u682a\u4fa1\u4e0b\u843d\u306f\u305d\u306e\u534a\u5e74\u307b\u3069\u524d\u3092\u8b66\u6212\u3059\u308b\u3079\u304d\u3060\u3068\u8003\u3048\u308c\u3070\u3001\u3084\u306f\u308a\u4eca\u5e74\u306e\u534a\u3070\u304c\u602a\u3057\u304f\u306a\u3063\u3066\u304f\u308b\u3002<\/p>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u3001\u8ab0\u3082\u304c\u9154\u3063\u6255\u3063\u3066\u3044\u308b\u3068\u304d\u306b\u7d20\u9762\u3067\u3044\u305f\u3051\u308c\u3070\u3001\u5931\u696d\u7387\u306a\u3069\u306e\u7d4c\u6e08\u6307\u6a19\u3092\u6bce\u6708\u6ce8\u8996\u3059\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u6de1\u3005\u3068\u5ba2\u89b3\u7684\u306b\u7d4c\u6e08\u3092\u773a\u3081\u308b\u3053\u3068\u306e\u3067\u304d\u308b\u4eba\u9593\u3060\u3051\u304c\u4e0b\u843d\u3092\u907f\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3060\u308d\u3046\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine 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