{"id":47672,"date":"2024-04-22T20:00:00","date_gmt":"2024-04-22T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=47672"},"modified":"2024-04-22T18:57:50","modified_gmt":"2024-04-22T09:57:50","slug":"%e3%83%ac%e3%82%a4%e3%83%bb%e3%83%80%e3%83%aa%e3%82%aa%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e3%81%af%e5%88%a9%e4%b8%8a%e3%81%92%e3%82%92%e7%b6%9a%e3%81%91%e3%82%89%e3%82%8c%e3%81%9a%e3%80%81%e3%81%99%e3%81%b9","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/47672","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u306f\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u3089\u308c\u305a\u3001\u3059\u3079\u3066\u306e\u901a\u8ca8\u306f\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u3066\u3086\u304f"},"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\u306eColumbia Business School\u306b\u304a\u3051\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30c9\u30eb\u306e\u9577\u671f\u7684\u4fa1\u5024\u306b\u3064\u3044\u3066\u30c0\u30ea\u30aa\u6c0f\u304c\u8ff0\u3079\u3066\u3044\u308b\u3068\u3053\u308d\u3092\u7d39\u4ecb\u3059\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u7c73\u56fd\u306f\u5229\u4e0a\u3052\u518d\u958b\u304b<\/strong><\/p>\n\n\n\n<p>\u7c73\u56fd\u7d4c\u6e08\u306f\u8ee2\u63db\u70b9\u306b\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u306f9%\u304b\u30893%\u53f0\u306b\u4e0b\u304c\u3063\u3066\u306f\u304d\u305f\u304c\u3001\u9577\u3089\u304f\u305d\u306e\u307e\u307e\u6a2a\u3070\u3044\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u7b46\u8005\u306a\u3069\u306e\u5206\u6790\u306b\u3088\u308c\u3070\u3053\u3053\u304b\u3089\u4e0a\u304c\u3063\u3066\u3086\u304f\u53ef\u80fd\u6027\u304c\u51fa\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/47149\" data-type=\"post\" data-id=\"47149\">3\u6708\u306e\u7c73\u56fdCPI\u3067\u30a4\u30f3\u30d5\u30ec\u518d\u52a0\u901f\u306f\u307b\u307c\u78ba\u5b9a<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u306f\u5c11\u3057\u524d\u307e\u3067\u4eca\u5e746\u56de\u306e\u5229\u4e0b\u3052\u3092\u7e54\u308a\u8fbc\u3093\u3067\u304d\u305f\u304c\u3001\u305d\u306e\u697d\u89b3\u306f\u4fee\u6b63\u3055\u308c\u3066\u4eca\u3067\u306f\u305f\u3063\u305f1\u56de\u306e\u5229\u4e0b\u3052\u7e54\u308a\u8fbc\u307f\u3068\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u7b46\u8005\u306b\u8a00\u308f\u305b\u308c\u3070\u305d\u308c\u3082\u53ef\u80fd\u306a\u306e\u304b\u3069\u3046\u304b\u3001\u3080\u3057\u308d\u5229\u4e0a\u3052\u306e\u53ef\u80fd\u6027\u3092\u8003\u3048\u308b\u3079\u304d\u3067\u306f\u306a\u3044\u306e\u304b\u3068\u3044\u3046\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\/47176\" data-type=\"post\" data-id=\"47176\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u7c73\u56fd\u306f\u5229\u4e0a\u3052\u306e\u53ef\u80fd\u6027\u3001\u5e02\u5834\u306b\u5229\u4e0b\u3052\u3092\u7e54\u308a\u8fbc\u307e\u305b\u305f\u306e\u306f\u99ac\u9e7f\u3052\u305f\u9593\u9055\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u7c73\u56fd\u682a\u304c\u3053\u3053\u306e\u3068\u3053\u308d\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u306f\u305d\u308c\u304c\u7406\u7531\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/47561\" data-type=\"post\" data-id=\"47561\">\u7c73\u56fd\u682a\u4e0b\u843d\u306e\u7406\u7531\u3001\u5e02\u5834\u306e\u5e74\u5185\u5229\u4e0b\u3052\u7e54\u308a\u8fbc\u307f\u304c\u3064\u3044\u306b1\u56de\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306f\u91d1\u5229\u3092\u4e0a\u3052\u3089\u308c\u308b\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u6291\u3048\u308b\u305f\u3081\u306b\u5229\u4e0a\u3052\u3092\u518d\u958b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u304b\u3068\u3044\u3046\u5e30\u8def\u306b\u7acb\u3063\u3066\u3044\u308b\u3002\u3060\u304c\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30c0\u30ea\u30aa\u6c0f\u304c\u8a9e\u3063\u3066\u3044\u308b\u901a\u308a\u3001\u5229\u4e0a\u3052\u3092\u3059\u308b\u3068\u305f\u3060\u3067\u3055\u3048\u6025\u5897\u3057\u3066\u3044\u308b\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u66f4\u306b\u5897\u52a0\u3057\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/47607\" data-type=\"post\" data-id=\"47607\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u306e\u83ab\u5927\u306a\u653f\u5e9c\u50b5\u52d9\u306f\u5fc5\u305a\u7d19\u5e63\u5370\u5237\u3067\u89e3\u6c7a\u3055\u308c\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u91d1\u5229\u3092\u4e0a\u3052\u3089\u308c\u308b\u306e\u304b\u3002\u30c0\u30ea\u30aa\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>\u6b74\u53f2\u3092\u901a\u3057\u3066\u3001\u3044\u3064\u3082\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3068\u3044\u3046\u8a98\u60d1\u304c\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u77ed\u671f\u7684\u306a\u8a71\u306a\u3089\u3070\u3001\u5229\u4e0a\u3052\u518d\u958b\u306f\u53ef\u80fd\u3060\u308d\u3046\u3002\u4f55\u51e6\u307e\u3067\u4e0a\u3052\u3089\u308c\u308b\u304b\u306f\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306b\u3069\u308c\u3060\u3051\u30ac\u30c3\u30c4\u304c\u3042\u308b\u304b\u3069\u3046\u304b\u306b\u304b\u304b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30562\" data-type=\"post\" data-id=\"30562\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u304c\u672c\u6c17\u304b\u3069\u3046\u304b\u7591\u3046\u7406\u7531<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30291\" data-type=\"post\" data-id=\"30291\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u7d4c\u6e08\u304c\u5f37\u3044\u6642\u306b\u5f15\u304d\u7de0\u3081\u3092\u7d9a\u3051\u308b\u306e\u306f\u7c21\u5358\u3060\u304c<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u9577\u671f\u7684\u306b\u306f\u3069\u3046\u306a\u308b\u306e\u304b\u3002\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u9593\u306f\u30a4\u30f3\u30d5\u30ec\u306f\u9000\u6cbb\u3067\u304d\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u3092\u9000\u6cbb\u3059\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u682a\u4fa1\u306e\u4e0b\u843d\u3068\u666f\u6c17\u5f8c\u9000\u3092\u53d7\u3051\u5165\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u901a\u8ca8\u306e\u904b\u547d<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u9000\u6cbb\u3067\u304d\u308b\u306e\u304b\u3002\u9577\u671f\u7684\u306b\u306f\u3001\u305d\u306e\u554f\u3044\u306b\u7b54\u3048\u308b\u3053\u3068\u306f\u7c21\u5358\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\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>1700\u5e74\u304b\u3089\u3053\u308c\u307e\u3067\u306b\u304a\u3088\u305d750\u306e\u901a\u8ca8\u304c\u5b58\u5728\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u4e2d\u3067\u4eca\u3067\u3082\u5b58\u5728\u3057\u3066\u3044\u308b\u901a\u8ca8\u306f\u305f\u3063\u305f\u306e20%\u3060\u3002\u305d\u3057\u3066\u751f\u304d\u6b8b\u3063\u3066\u3044\u308b20%\u306e\u901a\u8ca8\u3059\u3079\u3066\u306f\u3001\u305d\u306e\u4fa1\u5024\u304c\u5287\u7684\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u306e\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u8cfc\u8cb7\u529b\u304c\u306a\u304f\u306a\u3063\u305f\u3068\u3044\u3046\u610f\u5473\u3067\u3042\u308b\u3002\u3061\u306a\u307f\u306b\u591a\u304f\u306e\u65e5\u672c\u4eba\u304c\u5186\u306e\u4fa1\u5024\u4e0b\u843d\u3092\u6c17\u306b\u3057\u3066\u8cfc\u5165\u3057\u3066\u3044\u308b\u7c73\u30c9\u30eb\u3060\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u76ee\u6e1b\u308a\u3092\u8003\u616e\u3059\u308c\u3070\u3001\u30c9\u30eb\u306e\u4fa1\u5024\u306f\u9577\u671f\u7684\u306b\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u30021\u30c9\u30eb\u3092CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u3067\u5272\u3063\u305f\u30b0\u30e9\u30d5\u3067\u3042\u308b\u30021950\u5e74\u3092100\u3068\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\/04\/2024-mar-usd-to-cpi-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/04\/2024-mar-usd-to-cpi-chart.png\" alt=\"\" class=\"wp-image-47688\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/04\/2024-mar-usd-to-cpi-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/04\/2024-mar-usd-to-cpi-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>\u901a\u8ca8\u306e\u6e1b\u4fa1\u3092\u907f\u3051\u308b\u305f\u3081\u306b\u901a\u8ca8\u3092\u8cb7\u3046\u3053\u3068\u81ea\u4f53\u304c\u9593\u9055\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u901a\u8ca8\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u901a\u8ca8\u306e\u4fa1\u5024\uff08\u3064\u307e\u308a\u306f\u56fd\u6c11\u306e\u9810\u91d1\u306e\u4fa1\u5024\uff09\u304c\u4e0b\u304c\u3063\u305f\u7406\u7531\u306f\u52ff\u8ad6\u653f\u5e9c\u306b\u3088\u308b\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5229\u4e0b\u3052\u3084\u91cf\u7684\u7de9\u548c\u306a\u3069\u306e\u653f\u7b56\u306e\u76ee\u7684\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u56fd\u6c11\u306e\u9810\u91d1\u306e\u4fa1\u5024\u3092\u72a0\u7272\u306b\u3057\u3066\u653f\u5e9c\u306e\u50b5\u52d9\u8ca0\u62c5\u3092\u6e1b\u3089\u3059\u3053\u3068\u306b\u3042\u308b\u30022%\u306e\u30a4\u30f3\u30d5\u30ec\u76ee\u6a19\u306a\u3069\u3068\u8a00\u3063\u3066\u3001\u305d\u3046\u3044\u3046\u653f\u7b56\u3092\u516c\u7136\u3068\u884c\u3044\u3001\u643e\u53d6\u3055\u308c\u3066\u3044\u308b\u5074\u3067\u3042\u308b\u306f\u305a\u306e\u56fd\u6c11\u3082\u305d\u308c\u3092\u652f\u6301\u3057\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u304a\u3081\u3067\u305f\u3044\u8a71\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35564\" data-type=\"post\" data-id=\"35564\">\u30cf\u30a4\u30a8\u30af\u6c0f: \u73fe\u91d1\u7d66\u4ed8\u3084\u88dc\u52a9\u91d1\u306f\u305d\u308c\u3092\u53d7\u3051\u306a\u3044\u4eba\u306b\u5bfe\u3059\u308b\u7a83\u76d7\u3067\u3042\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u5229\u4e0a\u3052\u304c\u7d9a\u304f\u306e\u304b\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u518d\u52a0\u901f\u3055\u305b\u305a\u306b\u30c9\u30eb\u306e\u4fa1\u5024\u3092\u4fdd\u3066\u308b\u306e\u304b\u3001\u3068\u3044\u3046\u7591\u554f\u306b\u5bfe\u3057\u3066\u6b21\u306e\u3088\u3046\u306b\u7b54\u3048\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\u7d50\u8ad6\u306f\u3001\u3053\u308c\uff08\u8a33\u6ce8\uff1a\u5229\u4e0a\u3052\uff09\u3092\u7d9a\u3051\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u3044\u3084\u3001\u51fa\u6765\u308c\u3070\u826f\u3044\u306e\u3060\u304c\u3002\u51fa\u6765\u305f\u3068\u3057\u305f\u3089\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u306f\u306a\u3044\u304b\uff1f\u3000\u3067\u3082\u305d\u3046\u306a\u3063\u3066\u3057\u307e\u3046\u306e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u6295\u8cc7\u5bb6\u306b\u51fa\u6765\u308b\u3053\u3068\u306f\u653f\u5e9c\u3068\u305d\u306e\u4f9b\u7269\uff08\u652f\u6301\u8005\uff09\u306f\u7f6e\u3044\u3066\u304a\u3044\u3066\u81ea\u5206\u306e\u8eab\u3092\u5b88\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u5f7c\u3089\u306f\u597d\u304d\u3067\u5974\u96b7\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u305d\u3063\u3068\u3057\u3066\u304a\u304f\u3079\u304d\u3060\u3002<\/p>\n\n\n\n<p>\u4e0a\u3067\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u30c9\u30eb\u3092\u8cb7\u3063\u3066\u5186\u63db\u7b97\u3067\u4fa1\u5024\u304c\u4e0a\u304c\u3063\u305f\u3068\u8a00\u3063\u3066\u559c\u3093\u3067\u3044\u308b\u5834\u5408\u3067\u306f\u306a\u3044\u3002\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u305f\u30c9\u30eb\u3088\u308a\u3082\u66f4\u306b\u65e5\u672c\u5186\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u3060\u3051\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3067\u8eab\u3092\u5b88\u308a\u305f\u3051\u308c\u3070\u3001\u682a\u5f0f\u3082\u9078\u629e\u80a2\u306b\u5165\u3089\u306a\u3044\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u3066\u3044\u308b\u304c\u30011970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u76f8\u5834\u3067\u306f\u682a\u5f0f\u306f\u5b9f\u8cea\u5024\u3067\u9177\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39962\" data-type=\"post\" data-id=\"39962\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u682a\u4fa1\u306e\u9577\u671f\u4e0a\u6607\u3092\u652f\u3048\u3066\u304d\u305f\u904e\u53bb40\u5e74\u306e\u4f4e\u91d1\u5229\u306f\u3082\u3046\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3092\u56de\u907f\u3059\u308b\u306a\u3089\u3070\u4f55\u3088\u308a\u3082\u8cb4\u91d1\u5c5e\u3067\u3042\u308b\u3002\u8cb4\u91d1\u5c5e\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u6e1b\u4fa1\u3092\u907f\u3051\u3089\u308c\u308b\u3060\u3051\u3067\u306a\u304f\u30011970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u76f8\u5834\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u5024\u4e0a\u304c\u308a\u3092\u5927\u304d\u304f\u8d85\u3048\u3066\u3001\u5b9f\u8cea\u5024\u3067\u3082\u4f55\u500d\u3082\u306e\u4fa1\u5024\u5897\u52a0\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\/35411\" data-type=\"post\" data-id=\"35411\">1970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u306b\u304a\u3051\u308b\u8cb4\u91d1\u5c5e\u3084\u8fb2\u4f5c\u7269\u306e\u4fa1\u683c\u63a8\u79fb<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u8fb2\u4f5c\u7269\u3082\u30a4\u30f3\u30d5\u30ec\u5206\u306f\u5024\u4e0a\u304c\u308a\u3059\u308b\u306e\u3067\u3001\u682a\u5f0f\u3088\u308a\u3082\u826f\u3044\u9078\u629e\u80a2\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u8981\u3059\u308b\u306b\u3001\u901a\u8ca8\u3067\u8caf\u84c4\u3092\u884c\u306a\u3063\u3066\u306f\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u3082\u4f8b\u5916\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30c9\u30eb\u4ee5\u524d\u306e\u6b74\u53f2\u4e0a\u306e\u57fa\u8ef8\u901a\u8ca8\u304c\u3069\u3046\u3044\u3046\u672b\u8def\u3092\u8fce\u3048\u305f\u304b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/3IWcV1T\" data-type=\"link\" data-id=\"https:\/\/amzn.to\/3IWcV1T\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\u300f\u3067\u8a73\u3057\u304f\u8aac\u660e\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u3061\u3089\u3082\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/81CZHKszf9L._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\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\u306eColumbia Business School\u306b\u304a\u3051\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30c9\u30eb\u306e\u9577\u671f\u7684\u4fa1\u5024\u306b\u3064\u3044\u3066\u30c0\u30ea\u30aa\u6c0f\u304c\u8ff0\u3079\u3066\u3044\u308b\u3068\u3053\u308d\u3092\u7d39\u4ecb\u3059 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/47672\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u306f\u5229\u4e0a\u3052\u3092\u7d9a\u3051\u3089\u308c\u305a\u3001\u3059\u3079\u3066\u306e\u901a\u8ca8\u306f\u4fa1\u5024\u304c\u4e0b\u304c\u3063\u3066\u3086\u304f<\/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":[118,120,19,108],"tags":[102],"class_list":["post-47672","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-usdjpy","category-foreign-exchange-market","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/47672","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=47672"}],"version-history":[{"count":46,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/47672\/revisions"}],"predecessor-version":[{"id":47719,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/47672\/revisions\/47719"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=47672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=47672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=47672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}