{"id":49622,"date":"2024-06-05T20:00:00","date_gmt":"2024-06-05T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=49622"},"modified":"2024-06-05T21:53:59","modified_gmt":"2024-06-05T12:53:59","slug":"%e3%83%ac%e3%82%a4%e3%83%bb%e3%83%80%e3%83%aa%e3%82%aa%e6%b0%8f-%e6%97%a5%e6%9c%ac%e3%80%81%e9%87%91%e5%88%a9%e4%b8%8a%e6%98%87%e3%81%a7%e7%b5%8c%e6%b8%88%e5%b4%a9%e5%a3%8a%e3%81%ae%e5%8f%af%e8%83%bd","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/49622","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u65e5\u672c\u3001\u91d1\u5229\u4e0a\u6607\u3067\u7d4c\u6e08\u5d29\u58ca\u306e\u53ef\u80fd\u6027"},"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\u306eWSJ\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u65e5\u672c\u306e\u91d1\u5229\u4e0a\u6607\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u653f\u5e9c\u50b5\u52d9\u306e\u554f\u984c<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u5148\u9032\u56fd\u3067\u81a8\u3089\u307f\u7d9a\u3051\u308b\u653f\u5e9c\u50b5\u52d9\u3078\u306e\u4e0d\u5b89\u304b\u3089\u30b4\u30fc\u30eb\u30c9\u306b\u8cc7\u91d1\u304c\u6d41\u5165\u3057\u3066\u3044\u308b\u3068\u4e3b\u5f35\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/49576\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u91d1\u4fa1\u683c\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u300e<a href=\"https:\/\/amzn.to\/3IWcV1T\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\u300f\u3067\u89e3\u8aac\u3057\u3066\u3044\u308b\u901a\u308a\u3001\u6b74\u53f2\u4e0a\u5927\u56fd\u306e\u83ab\u5927\u306a\u501f\u91d1\u306f\u7d19\u5e63\u5370\u5237\u3084\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u3063\u3066\u89e3\u6c7a\u3055\u308c\u3066\u304d\u305f\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u65e5\u672c\u3067\u8d77\u304d\u3066\u3044\u308b\u5186\u5b89\u3084\u91d1\u5229\u4e0a\u6607\u306f\u5178\u578b\u7684\u306a\u4e8b\u4f8b\u3060\u3068\u8ff0\u3079\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p><strong>\u65e5\u9280\u306e\u56fd\u50b5\u8cb7\u3044\u5165\u308c<\/strong><\/p>\n\n\n\n<p>\u4eca\u56de\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u65e5\u672c\u7d4c\u6e08\u306b\u3064\u3044\u3066\u3082\u3063\u3068\u8e0f\u307f\u8fbc\u3093\u3060\u767a\u8a00\u3092\u3057\u3066\u3044\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u65e5\u672c\u7d4c\u6e08\u3092\u3069\u3046\u898b\u3066\u3044\u308b\u306e\u304b\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a71\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>\u65e5\u672c\u3067\u306f\u65e5\u9280\u304c\u5927\u91cf\u306e\u56fd\u50b5\u3092\u8cb7\u3044\u5165\u308c\u305f\u3002\u3060\u304c\u56fd\u50b5\u3092\u8cb7\u3044\u5165\u308c\u305f\u3059\u3079\u3066\u306e\u4e2d\u592e\u9280\u884c\u306f\u4eca\u3001\u5927\u304d\u306a\u640d\u5931\u3092\u62b1\u3048\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u73fe\u91d1\u7d66\u4ed8\u304c\u7269\u4fa1\u3092\u9ad8\u9a30\u3055\u305b\u3066\u4ee5\u6765\u3001\u4e16\u754c\u5404\u56fd\u3067\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u50b5\u5238\u306b\u3068\u3063\u3066\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u305d\u308c\u306f\u50b5\u5238\u306e\u4fa1\u683c\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5f71\u97ff\u3092\u53d7\u3051\u305f\u7d4c\u6e08\u4e3b\u4f53\u306f\u305f\u304f\u3055\u3093\u3042\u308b\u3002\u307e\u305a\u4e00\u756a\u306e\u554f\u984c\u306f\u3001\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u3053\u3068\u3067\u3053\u308c\u307e\u3067\u5229\u6255\u3044\u304c\u307b\u3068\u3093\u3069\u306a\u304b\u3063\u305f\u83ab\u5927\u306a\u653f\u5e9c\u50b5\u52d9\u306b\u591a\u984d\u306e\u5229\u6255\u3044\u304c\u767a\u751f\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u304c\u30bc\u30ed\u306a\u3089\u3070\u3001\u653f\u5e9c\u50b5\u52d9\u304cGDP\u306e100%\u3042\u308d\u3046\u304c200%\u3042\u308d\u3046\u304c\u5229\u6255\u3044\u306f\u767a\u751f\u3057\u306a\u3044\u3002\u3060\u304c\u300e<a href=\"https:\/\/amzn.to\/3IWcV1T\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\u300f\u306b\u66f8\u304b\u308c\u3066\u3044\u308b\u901a\u308a\u3001\u7d19\u5e63\u5370\u5237\u306f\u3044\u305a\u308c\u30a8\u30b9\u30ab\u30ec\u30fc\u30c8\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3059\u306e\u304c\u6b74\u53f2\u3092\u898b\u308c\u3070\u3044\u3064\u3082\u306e\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\/33013\" data-type=\"post\" data-id=\"33013\">\u4e16\u754c\u6700\u9ad8\u306e\u7d4c\u6e08\u5b66\u8005\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u8aac\u660e\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4ed6\u306b\u306f\u3001\u56fd\u50b5\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u305f\u306e\u3067\u5f53\u7136\u306a\u304c\u3089\u56fd\u50b5\u306e\u4fdd\u6709\u8005\u304c\u88ab\u5bb3\u3092\u88ab\u3063\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u53bb\u5e74\u3001\u5927\u304d\u306a\u5730\u65b9\u9280\u884c\u304c\u3044\u304f\u3064\u3082\u5012\u7523\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u8ab0\u3088\u308a\u3082\u591a\u304f\u306e\u56fd\u50b5\u3092\u6301\u3063\u3066\u3044\u308b\u4e3b\u4f53\u3092\u5fd8\u308c\u3066\u3044\u306a\u3044\u3060\u308d\u3046\u304b\u3002\u305d\u308c\u306f\u4e2d\u592e\u9280\u884c\u3067\u3042\u308b\u3002\u5148\u9032\u56fd\u306e\u591a\u304f\u306e\u4e2d\u592e\u9280\u884c\u306f\u91cf\u7684\u7de9\u548c\u3067\u56fd\u50b5\u3092\u8cb7\u3044\u5165\u308c\u305f\u306e\u3067\u3001\u5927\u91cf\u306e\u56fd\u50b5\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5148\u6708\u65e5\u9280\u306f\u56fd\u50b5\u306e\u4e0b\u843d\u306b\u3088\u308b\u640d\u5931\u304c9\u5146\u5186\u3068\u306a\u3063\u305f\u3053\u3068\u3092\u5831\u544a\u3057\u305f\u3002\u3060\u304c\u65e5\u672c\u3067\u306f\u9577\u671f\u91d1\u5229\u306f\u307e\u30601%\u307e\u3067\u3057\u304b\u4e0a\u304c\u3063\u3066\u304a\u3089\u305a\u3001\u91d1\u5229\u304c\u66f4\u306b\u4e0a\u304c\u3063\u3066\u3044\u308b\u6b27\u7c73\u3067\u306f\u4e2d\u592e\u9280\u884c\u306e\u640d\u5931\u88dc\u586b\u304c\u554f\u984c\u3068\u306a\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\/38743\" data-type=\"post\" data-id=\"38743\">\u30c9\u30a4\u30c4\u306e\u4e2d\u592e\u9280\u884c\u3001\u8cc7\u91d1\u4e0d\u8db3\u3067\u653f\u5e9c\u306e\u53e3\u5ea7\u3078\u306e\u5229\u6255\u3044\u505c\u6b62\u3092\u6c7a\u5b9a<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u88dc\u586b\u3059\u308c\u3070\u3001\u5b9f\u8cea\u7684\u306b\u306f\u4e2d\u592e\u9280\u884c\u304c\u81ea\u5206\u3067\u81ea\u5206\u306e\u640d\u5931\u3092\u88dc\u586b\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u91cf\u7684\u7de9\u548c\uff08\u7d19\u5e63\u5370\u5237\uff09\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u3002\u3057\u304b\u3057\u305d\u3046\u3059\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u304c\u60aa\u5316\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u4e2d\u592e\u9280\u884c\u3092\u7834\u7dbb\u3055\u305b\u308b\u3053\u3068\u30821\u3064\u306e\u9078\u629e\u80a2\u3060\u3068\u8a00\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\/40262\" data-type=\"post\" data-id=\"40262\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u4e2d\u592e\u9280\u884c\u3067\u3082\u30a4\u30f3\u30d5\u30ec\u3067\u7834\u7dbb\u3059\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u65e5\u672c\u306e\u91d1\u5229\u306f\u3069\u3046\u306a\u308b\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u65e5\u672c\u7d4c\u6e08\u306f\u3053\u308c\u304b\u3089\u3069\u3046\u306a\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>\u65e5\u9280\u306f\u91d1\u5229\u3092\u3088\u308a\u9ad8\u304f\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u65e5\u672c\u306e\u5b9f\u8cea\u91d1\u5229\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u8cea\u91d1\u5229\u3068\u4f3c\u305f\u72b6\u614b\u306b\u306a\u3089\u306a\u3044\u7406\u7531\u304c\u3042\u308b\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p>\u3082\u3057\u305d\u3046\u306a\u308c\u3070\u3001\u65e5\u9280\u3082\u640d\u5931\u3092\u62b1\u3048\u305f\u4ed6\u306e\u4e2d\u592e\u9280\u884c\u3068\u80a9\u3092\u4e26\u3079\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3044\u305a\u308c\u65e5\u672c\u3082\u30a2\u30e1\u30ea\u30ab\u3084\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u3088\u3046\u306b\u91d1\u5229\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u3046\u306a\u308c\u3070\u65e5\u672c\u306e\u65b9\u304c\u554f\u984c\u304c\u5927\u304d\u3044\u3060\u308d\u3046\u3002\u65e5\u9280\u306fFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u3088\u308a\u3082\u62b1\u3048\u3066\u3044\u308b\u56fd\u50b5\u304c\u591a\u3044\u3002\u66f4\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u4ecaGDP\u6bd4122%\u306e\u653f\u5e9c\u50b5\u52d9\u306b5%\u306e\u5229\u6255\u3044\u304c\u767a\u751f\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u304c\u3001\u65e5\u672c\u306e\u653f\u5e9c\u50b5\u52d9\u306f\u305d\u306e\u500d\u8fd1\u3044217%\u3067\u3042\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u3068\u540c\u3058\u91d1\u5229\u6c34\u6e96\u306b\u306a\u308c\u3070\u653f\u5e9c\u306e\u5229\u6255\u3044\u3082\u5f53\u7136\u305d\u306e\u500d\u8fd1\u304f\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u66f4\u306b\u3001\u30c0\u30ea\u30aa\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>\u3082\u3057\u5b9f\u8cea\u91d1\u5229\u304c-1%\u304b\u30892%\u306b\u306a\u308a\u30013%\u3082\u5909\u5316\u3057\u305f\u3089\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u305d\u308c\u306f\u6182\u616e\u3059\u3079\u304d\u4e8b\u614b\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u304c\u5b9f\u8cea\u91d1\u5229\u306b\u8a00\u53ca\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u5b9f\u8cea\u91d1\u5229\u304c\u591a\u304f\u306e\u3053\u3068\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u682a\u5f0f\u5e02\u5834\u3082\u305d\u306e1\u3064\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u3063\u3066\u5b9f\u8cea\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u306e\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u30672022\u5e74\u306b\u5b9f\u969b\u306b\u8d77\u304d\u305f\u3002\u5f53\u6642\u306e\u5b9f\u8cea\u91d1\u5229\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\/06\/2022-us-10-year-treasury-inflation-indexed-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"470\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-us-10-year-treasury-inflation-indexed-bond-yield-chart.png\" alt=\"\" class=\"wp-image-49653\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-us-10-year-treasury-inflation-indexed-bond-yield-chart.png 470w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-us-10-year-treasury-inflation-indexed-bond-yield-chart-300x297.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-us-10-year-treasury-inflation-indexed-bond-yield-chart-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-us-10-year-treasury-inflation-indexed-bond-yield-chart-120x120.png 120w\" sizes=\"auto, (max-width: 470px) 100vw, 470px\" \/><\/a><\/figure>\n\n\n\n<p>\u5b9f\u8cea\u91d1\u5229\u306f\u304a\u3088\u305d2.5%\u4e0a\u304c\u3063\u305f\u3002\u305d\u306e\u7d50\u679c\u3001\u682a\u5f0f\u5e02\u5834\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"706\" height=\"503\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-49654\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-s-and-p-500-chart.png 706w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/06\/2022-s-and-p-500-chart-300x214.png 300w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><\/a><\/figure>\n\n\n\n<p>25%\u306e\u4e0b\u843d\u3067\u3042\u308b\u3002\u8ab0\u3082\u6c17\u306b\u3057\u3066\u3044\u306a\u3044\u304c\u3001\u65e5\u9280\u304c\u540c\u3058\u3088\u3046\u306b\u5229\u4e0a\u3052\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308c\u3070\u3001\u65e5\u672c\u682a\u306b\u3082\u540c\u3058\u72b6\u6cc1\u304c\u518d\u73fe\u3059\u308b\u53ef\u80fd\u6027\u306f\u9ad8\u3044\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308b\u554f\u984c\u306f\u3042\u307e\u308a\u306b\u6570\u304c\u591a\u3044\u3002\u653f\u5e9c\u50b5\u52d9\u3078\u306e\u591a\u984d\u306e\u5229\u6255\u3044\u3001\u56fd\u50b5\u4fdd\u6709\u306b\u3088\u308b\u640d\u5931\u3001\u682a\u5f0f\u5e02\u5834\u306e\u4e0b\u843d\u3001\u305d\u3057\u3066\u5b9f\u4f53\u7d4c\u6e08\u306e\u666f\u6c17\u5f8c\u9000\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/48578\" data-type=\"post\" data-id=\"48578\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306e\u3053\u3068\u306f\u5fd8\u308c\u308d<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3001\u7d4c\u6e08\u306e\u6b74\u53f2\u3092\u7814\u7a76\u3057\u5c3d\u304f\u3057\u305f\u30c0\u30ea\u30aa\u6c0f\u306b\u3088\u308c\u3070\u3001\u7de9\u548c\u653f\u7b56\u304c\u3044\u305a\u308c\u30a8\u30b9\u30ab\u30ec\u30fc\u30c8\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u4e0a\u6607\u3092\u5f15\u304d\u8d77\u3053\u3059\u3053\u3068\u306f\u65e2\u5b9a\u8def\u7dda\u3060\u3063\u305f\u3002\u305d\u308c\u306f\u6b74\u53f2\u3092\u632f\u308a\u8fd4\u308c\u3070\u3044\u3064\u3082\u306e\u3053\u3068\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\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>\u4eca\u8d77\u3053\u3063\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u308f\u308c\u308f\u308c\u306e\u4e16\u4ee3\u306f\u7d4c\u9a13\u3057\u305f\u3053\u3068\u304c\u306a\u3044\u304c\u3001\u6b74\u53f2\u4e0a\u4f55\u5ea6\u3082\u8d77\u3053\u3063\u3066\u304d\u305f\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c7\u30d5\u30ec\u304b\u3089\u30a4\u30f3\u30d5\u30ec\u3078\u306e\u904e\u6e21\u671f\u306b\u306f\u3001\u3044\u3064\u3082\u7d19\u5e63\u5370\u5237\u3092\u64c1\u8b77\u3059\u308b\u4eba\u3005\u304c\u73fe\u308c\u308b\u3002\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3068\u3068\u3082\u306b\u6d88\u3048\u3066\u3086\u304f\u3002\u305d\u308c\u3059\u3089\u3082\u6b74\u53f2\u4e0a\u306e\u98a8\u7269\u8a69\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/41538\" data-type=\"post\" data-id=\"41538\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: MMT\u8ad6\u8005\u306f\u30cd\u30ba\u30df\u306e\u5de3\u7a74\u306b\u5e30\u3063\u3066\u3082\u3046\u51fa\u3066\u6765\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u306f\u3082\u306f\u3084\u907f\u3051\u3089\u308c\u306a\u3044\u3002\u3060\u304b\u3089\u6295\u8cc7\u5bb6\u306b\u3067\u304d\u308b\u3053\u3068\u306f\u3001\u3053\u3046\u3057\u305f\u7d19\u5e63\u5370\u5237\u306e\u99ac\u9e7f\u9a12\u304e\u304b\u3089\u8eab\u3092\u5b88\u308b\u3053\u3068\u3067\u3042\u308b\u30021970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u306b\u306f\u3001\u305d\u308c\u306f\u8cb4\u91d1\u5c5e\u3060\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<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\u306eWSJ\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u4eca\u56de\u306f\u65e5\u672c\u306e\u91d1\u5229\u4e0a\u6607\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[104,108],"tags":[102],"class_list":["post-49622","post","type-post","status-publish","format-standard","hentry","category-japanese-bond-market","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/49622","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=49622"}],"version-history":[{"count":42,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/49622\/revisions"}],"predecessor-version":[{"id":49666,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/49622\/revisions\/49666"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=49622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=49622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=49622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}