{"id":46132,"date":"2024-03-18T20:35:23","date_gmt":"2024-03-18T11:35:23","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=46132"},"modified":"2024-03-18T20:35:24","modified_gmt":"2024-03-18T11:35:24","slug":"%e3%83%89%e3%83%a9%e3%83%83%e3%82%b1%e3%83%b3%e3%83%9f%e3%83%a9%e3%83%bc%e6%b0%8f%e3%80%81%e3%83%aa%e3%83%bc%e3%83%9e%e3%83%b3%e3%82%b7%e3%83%a7%e3%83%83%e3%82%af%e3%82%92%e3%83%88%e3%83%ac%e3%83%bc","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/46132","title":{"rendered":"\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u305f\u6642\u306e\u3053\u3068\u3092\u8a9e\u308b"},"content":{"rendered":"\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u9577\u5e74\u904b\u7528\u3057\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u3001How Leaders Lead\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u305f\u6642\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306b\u304a\u3051\u308b\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f<\/strong><\/p>\n\n\n\n<p>2008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u30d0\u30d6\u30eb\u306b\u7aef\u3092\u767a\u3059\u308b\u4e16\u754c\u7684\u306a\u30d0\u30d6\u30eb\u5d29\u58ca\u3067\u3001\u975e\u5e38\u306b\u591a\u304f\u306e\u4eba\u304c\u91d1\u878d\u5e02\u5834\u3067\u640d\u5931\u3092\u51fa\u3057\u3001\u4e16\u754c\u3067\u591a\u304f\u306e\u56fd\u304c\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u305f\u304c\u3001\u4f55\u4eba\u304b\u306e\u512a\u308c\u305f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u5371\u6a5f\u3092\u4e88\u60f3\u3057\u3066\u5229\u76ca\u3092\u4e0a\u3052\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u305d\u306e1\u4eba\u3067\u3042\u308b\u3002\u5f7c\u306f\u305d\u3082\u305d\u3082\u640d\u5931\u3092\u51fa\u3057\u305f\u5e74\u304c\u5b58\u5728\u3057\u306a\u3044\u306e\u3067\u3001\u5f53\u7136\u306a\u304c\u30892007\u5e74\u30822008\u5e74\u3082\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u5132\u3051\u305f\u3053\u3068\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>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u30c8\u30ec\u30fc\u30c9\u306f\u7c21\u5358\u3060\u3063\u305f\u3057\u3001\u304b\u306a\u308a\u81ea\u4fe1\u3082\u3042\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3055\u3089\u308a\u3068\u8a00\u3046\u3042\u305f\u308a\u304c\u6d41\u77f3\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u30d0\u30d6\u30eb<\/strong><\/p>\n\n\n\n<p>2008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u30d0\u30d6\u30eb\u304c2007\u5e74\u306b\u5929\u4e95\u306b\u9054\u3057\u305f\u3053\u3068\u304c\u5143\u3005\u306e\u539f\u56e0\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u4f55\u6545\u30a2\u30e1\u30ea\u30ab\u304c\u4f4f\u5b85\u30d0\u30d6\u30eb\u306b\u306a\u3063\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\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>\u6700\u8fd1\u3082\u3042\u3063\u305f\u3053\u3068\u3060\u304c\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u5927\u7f6a\u306e1\u3064\u306f\u3001\u653f\u6cbb\u7684\u306a\u7406\u7531\u3067\u91d1\u878d\u653f\u7b56\u3092\u904e\u5ea6\u306b\u7de9\u548c\u7684\u306b\u3059\u308b\u50be\u5411\u304c\u3042\u308b\u3053\u3068\u3060\u3002\u5e02\u5834\u306e\u30d1\u30fc\u30c6\u30a3\u3092\u7d42\u308f\u3089\u305b\u308b\u3079\u304d\u6642\u306b\u30a2\u30eb\u30b3\u30fc\u30eb\u3092\u53d6\u308a\u4e0b\u3052\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u6700\u8fd1\u3082\u3042\u3063\u305f\u3068\u3044\u3046\u306e\u306f\u30012021\u5e74\u3067\u65e2\u306b\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u660e\u3089\u304b\u306b\u7269\u4fa1\u304c\u9ad8\u9a30\u3057\u3066\u3044\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c\u7de9\u548c\u3092\u6b62\u3081\u306a\u304b\u3063\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33890\" data-type=\"post\" data-id=\"33890\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f: \u91cf\u7684\u7de9\u548c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e2d\u592e\u9280\u884c\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3059\u3002\u81ea\u5206\u3067\u30a4\u30f3\u30d5\u30ec\u304c\u76ee\u6a19\u3060\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u6709\u8a00\u5b9f\u884c\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u305d\u306e\u7406\u7531\u306f\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\/29198\" data-type=\"post\" data-id=\"29198\">\u5229\u4e0a\u3052\u3067\u9810\u91d1\u8005\u306f\u30a4\u30f3\u30d5\u30ec\u304b\u3089\u8cc7\u7523\u9632\u885b\u3067\u304d\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u65e5\u9280\u304c\u5229\u4e0a\u3052\u3092\u884c\u308f\u306a\u3044\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306e\u4f4f\u5b85\u4fa1\u683c<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306b\u8a71\u3092\u623b\u305d\u3046\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u6ce8\u76ee\u3057\u305f\u306e\u306f\u4f4f\u5b85\u4fa1\u683c\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002\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>2005\u5e74\u304b2006\u5e74\u306b\u308f\u305f\u3057\u306f\u4f4f\u5b85\u4fa1\u683c\u306e50\u5e74\u6765\u306e\u30c8\u30ec\u30f3\u30c9\u30e9\u30a4\u30f3\u3092\u898b\u305f\u3002<\/p>\n\n\n\n<p>\u4f4f\u5b85\u4fa1\u683c\u306f\u5e74\u95933%\u306e\u4e0a\u6607\u7387\u3067\u5e38\u306b\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3044\u3066\u3001\u305d\u306e\u30c8\u30ec\u30f3\u30c9\u30e9\u30a4\u30f3\u304b\u3089\u307b\u3068\u3093\u3069\u96e2\u308c\u306a\u3044\u72b6\u614b\u304c50\u5e74\u7d9a\u3044\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u3053\u304b\u3089\u4f4f\u5b85\u4fa1\u683c\u306f\u7a81\u7136\u7a7a\u9ad8\u304f\u4e0a\u304c\u308a\u3001\u305d\u306e\u72b6\u614b\u304c4\u5e74\u304b5\u5e74\u7d9a\u3044\u3066\u3044\u305f\u3002\u305d\u308c\u306f\u660e\u3089\u304b\u306b\u8ab0\u3082\u898b\u305f\u3053\u3068\u306e\u306a\u3044\u3088\u3046\u306a\u30d0\u30d6\u30eb\u3060\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u5f8c\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u4fa1\u683c\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306e\u6570\u5e74\u306b\u52fe\u914d\u304c\u6025\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304c\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\/2024\/03\/1990-2010-case-shiller-us-national-home-price-index-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"465\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/1990-2010-case-shiller-us-national-home-price-index-chart.png\" alt=\"\" class=\"wp-image-46151\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/1990-2010-case-shiller-us-national-home-price-index-chart.png 465w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/1990-2010-case-shiller-us-national-home-price-index-chart-300x300.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/1990-2010-case-shiller-us-national-home-price-index-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/03\/1990-2010-case-shiller-us-national-home-price-index-chart-120x120.png 120w\" sizes=\"auto, (max-width: 465px) 100vw, 465px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u4f4f\u5b85\u30d0\u30d6\u30eb\u306f\u7d9a\u304b\u306a\u3044<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u30d0\u30d6\u30eb\u306b\u3064\u3044\u3066\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u6570\u5e74\u524d\u304b\u3089\u8b66\u544a\u3057\u3066\u3044\u305f\u4eba\u304c\u5c45\u305f\u3002\u3060\u304c\u305d\u308c\u3089\u306e\u58f0\u306f\u7121\u8996\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u307e\u3060\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u6570\u5e74\u524d\u3067\u3042\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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>\u305d\u306e\u6642\u3001\u3088\u308a\u306b\u3082\u3088\u3063\u3066\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u304b\u30891\u4eba\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u308f\u305f\u3057\u306e\u3068\u3053\u308d\u306b\u3084\u3063\u3066\u6765\u305f\u30022005\u5e74\u306e5\u6708\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u5f7c\u306f\u3053\u3046\u8a00\u3063\u305f\u3002\u300c\u3053\u306e\u72b6\u6cc1\u304c2007\u5e74\u306e\u7b2c3\u56db\u534a\u671f\u3088\u308a\u5f8c\u307e\u3067\u7d9a\u304f\u3053\u3068\u306f\u6709\u308a\u5f97\u306a\u3044\u300d<\/p>\n\n\n\n<p>\u3053\u306e\u7537\u306f\u6570\u5b66\u306e\u5929\u624d\u3060\u3063\u305f\u3002\u308f\u305f\u3057\u306fArison Conference\u3067\u306e\u8b1b\u6f14\u3067\u305d\u306e\u7537\u306e\u8a00\u3063\u305f\u3053\u3068\u306e\u53d7\u3051\u58f2\u308a\u3092\u3059\u3079\u3066\u8a71\u3057\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u4e88\u60f3\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u306f\u8a00\u3046\u307e\u3067\u3082\u306a\u304f\u30ea\u30fc\u30de\u30f3\u30fb\u30b7\u30e7\u30c3\u30af\u3067\u7834\u7dbb\u3057\u305f\u6295\u8cc7\u9280\u884c\u306e\u540d\u524d\u3067\u3042\u308b\u30022005\u5e74\u5f53\u6642\u306f\u5f53\u7136\u306a\u304c\u3089\u307e\u3060\u5b58\u5728\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u306e\u3067\u3042\u308b\u3002\u4f55\u6545\u305d\u308c\u3067\u30d0\u30d6\u30eb\u5d29\u58ca\u304c\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u3092\u76f4\u6483\u3057\u305f\u306e\u304b\u306f\u5206\u304b\u3089\u306a\u3044\u3002\u512a\u308c\u305f\u793e\u54e1\u304c1\u4eba\u5c45\u305f\u3068\u3053\u308d\u3067\u3001\u5f7c\u306e\u610f\u898b\u306f\u7121\u8996\u3055\u308c\u305f\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u30d0\u30d6\u30eb\u5d29\u58ca\u3078<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u7e70\u308a\u8fd4\u3059\u304c\u3001\u307e\u3060\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u5c11\u3057\u524d\u3067\u3042\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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>2006\u5e74\u306f\u8f9b\u3044\u5e74\u3060\u3063\u305f\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u8ab0\u3082\u304c\u5e02\u5834\u3067\u5927\u5132\u3051\u3057\u3066\u3044\u305f\u4e00\u65b9\u3067\u3001\u308f\u305f\u3057\u306f\u4e16\u754c\u304c\u5d29\u58ca\u3059\u308b\u3053\u3068\u306b\u8ced\u3051\u3066\u7a7a\u58f2\u308a\u3092\u3057\u3066\u3044\u305f\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u308f\u305f\u3057\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c5%\u306e\u30d7\u30e9\u30b9\u3060\u3063\u305f\u4e00\u65b9\u3067\u3001\u540c\u696d\u8005\u306f10%\u308415%\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u4e0a\u3052\u3066\u3044\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30d0\u30d6\u30eb\u5d29\u58ca\u524d\u306b\u7a7a\u58f2\u308a\u3092\u3057\u3066\u3044\u305f\u306e\u306b\u305d\u306e\u5e74\u3092\u304d\u3063\u3061\u308a\u30d7\u30e9\u30b9\u306e\u30ea\u30bf\u30fc\u30f3\u3067\u7d42\u3048\u3066\u3044\u308b\u3068\u3053\u308d\u304c\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3089\u3057\u3044\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u30d0\u30d6\u30eb\u306e\u5d29\u58ca\u306f2007\u5e74\u304b\u3089\u59cb\u307e\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u3053\u3046\u7d9a\u3051\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\u304c2007\u5e74\u306b\u5730\u7344\u304c\u73fe\u308c\u305f\u3002\u308f\u305f\u3057\u305f\u3061\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306f\u6e96\u5099\u4e07\u7aef\u3060\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>50\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u4f4f\u5b85\u4fa1\u683c\u306f\u30012007\u5e74\u304b\u3089\u4e0b\u843d\u306b\u8ee2\u3058\u3066\u3044\u308b\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u304b\u3064\u3066\u306e\u4e0a\u53f8\u3067\u3042\u308b\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306f\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306b\u51fa\u7248\u3055\u308c\u305f\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/4a9rWZL\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a>\u300f\u3067\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>2007\u5e74\u6625\u3001\u3064\u3044\u306b\u7d42\u308f\u308a\u306e\u306f\u3058\u307e\u308a\u304c\u3084\u3063\u3066\u6765\u308b\u3002\u4f4f\u5b85\u30ed\u30fc\u30f3\u5927\u624b\u306e\u30cb\u30e5\u30fc\u30fb\u30bb\u30f3\u30c1\u30e5\u30ea\u30fc\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u793e\u304c\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u554f\u984c\u304c\u539f\u56e0\u3067\u5012\u7523\u3057\u305f\u306e\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3053\u304b\u3089\u5148\u306f\u3001\u79c1\u306e\u30d0\u30d6\u30eb\u306e\u30e2\u30c7\u30eb\u3067\u3044\u3046\u300c\u9ec4\u660f\u306e\u671f\u9593\u300d\u3067\u3042\u308b\u3002\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u306f\u3058\u3081\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30b2\u30fc\u30e0\u306e\u7d42\u4e86\u304c\u8aad\u307f\u53d6\u308c\u306a\u3044\u53c2\u52a0\u8005\u304c\u3001\u307e\u3060\u5927\u52e2\u6b8b\u3063\u3066\u3044\u308b\u6bb5\u968e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u30d0\u30d6\u30eb\u306f\u5d29\u58ca\u3057\u30012008\u5e74\u306b\u306f\u30ea\u30fc\u30de\u30f3\u30d6\u30e9\u30b6\u30fc\u30ba\u304c\u7834\u7dbb\u3001\u682a\u5f0f\u5e02\u5834\u306f\u5e95\u307e\u3067\u884c\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7e8f\u3081\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>\u3042\u308c\u306f\u6b74\u53f2\u7684\u306a\u30d0\u30d6\u30eb\u3060\u3063\u305f\u3002\u305d\u308c\u306f\u660e\u3089\u304b\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u4eba\u3005\u304c\u4f4f\u5b85\u306e\u305f\u3081\u306b\u7a4d\u307f\u4e0a\u3052\u305f\u501f\u91d1\u306f8,000\u5104\u30c9\u30eb\u306b\u9054\u3057\u3066\u304a\u308a\u3001\u4f4f\u5b85\u3092\u8ee2\u58f2\u3057\u3066\u5132\u3051\u305f\u308a\u305d\u306e\u4ed6\u3042\u3089\u3086\u308b\u99ac\u9e7f\u306a\u3053\u3068\u3092\u3084\u3063\u3066\u3044\u305f\u3002\u3042\u308c\u306f\u660e\u3089\u304b\u306a\u30d0\u30d6\u30eb\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u4f4f\u5b85\u4fa1\u683c\u304c50\u5e74\u9593\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u304b\u3089\u3068\u8a00\u3063\u3066\u3001\u72b6\u6cc1\u304c\u5909\u308f\u3063\u3066\u3082\u5f15\u304d\u7d9a\u304d\u305d\u3046\u306a\u308b\u3068\u306f\u9650\u3089\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3053\u3053\u3067\u306f\u672c\u5f53\u306b\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u904e\u53bb\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u5c06\u6765\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e00\u5207\u4fdd\u8a3c\u3057\u306a\u3044\u3002\u305d\u308c\u306f\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u307e\u3067\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u65e5\u672c\u306e\u4e0d\u52d5\u7523\u4fa1\u683c\u306b\u3082\u8a00\u3048\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u73fe\u5728\u5d29\u58ca\u3057\u3066\u3044\u308b\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u306b\u3082\u8a00\u3048\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u305d\u3057\u306640\u5e74\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u7c73\u56fd\u682a\u306b\u3082\u8a00\u3048\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/27644\" data-type=\"post\" data-id=\"27644\">\u300c\u682a\u5f0f\u6295\u8cc7\u306f\u9577\u671f\u7684\u306b\u306f\u307b\u307c\u5132\u304b\u308b\u300d\u3068\u3044\u3046\u4e3b\u5f35\u304c\u5b8c\u5168\u306b\u9593\u9055\u3063\u3066\u3044\u308b\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u5229\u76ca\u3092\u51fa\u3057\u305f\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u306f\u3001\u4ed6\u306b\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u304c\u6709\u540d\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u89e3\u8aac\u3057\u3066\u3044\u308b\u306e\u3067\u305d\u3061\u3089\u3082\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\/28719\" data-type=\"post\" data-id=\"28719\">\u30b8\u30e7\u30f3\u30fb\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306e\u7a7a\u58f2\u308a\u3067\u5927\u5132\u3051\u3057\u305f\u6642\u306e\u3053\u3068\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<a href=\"https:\/\/amzn.to\/4a9rWZL\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/41Ze1iBOWvL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/4a9rWZL\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u9577\u5e74\u904b\u7528\u3057\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u3001How Leaders Lead\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u305f\u6642\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/46132\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u305f\u6642\u306e\u3053\u3068\u3092\u8a9e\u308b<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,111],"tags":[130],"class_list":["post-46132","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-stanley-druckenmiller"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/46132","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=46132"}],"version-history":[{"count":53,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/46132\/revisions"}],"predecessor-version":[{"id":46186,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/46132\/revisions\/46186"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=46132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=46132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=46132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}