{"id":55210,"date":"2024-10-17T20:00:00","date_gmt":"2024-10-17T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=55210"},"modified":"2024-10-17T21:05:29","modified_gmt":"2024-10-17T12:05:29","slug":"%e3%83%98%e3%82%a4%e3%82%b3%e3%83%83%e3%82%af%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e3%81%af%e5%82%b5%e5%8b%99%e5%8d%b1%e6%a9%9f%e3%82%92%e4%b9%97%e3%82%8a%e5%88%87%e3%82%8b%e3%81%9f%e3%82%81%e3%81%ab%e3%83%89","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55210","title":{"rendered":"\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f: \u7c73\u56fd\u306f\u50b5\u52d9\u5371\u6a5f\u3092\u4e57\u308a\u5207\u308b\u305f\u3081\u306b\u30c9\u30eb\u3092\u72a0\u7272\u306b\u3057\u4e0b\u843d\u3055\u305b\u308b"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u5f15\u304d\u7d9a\u304d\u3001Von Greyerz\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3042\u308b\u30b8\u30e7\u30cb\u30fc\u30fb\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306eSFO Continuity\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u554f\u984c\u3068\u30c9\u30eb\u76f8\u5834\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7c73\u56fd\u50b5\u304b\u3089\u6295\u8cc7\u5bb6\u304c\u9003\u3052\u3066\u3044\u308b<\/strong><\/p>\n\n\n\n<p 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class=\"wp-block-paragraph\">\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u591a\u984d\u306e\u653f\u5e9c\u50b5\u52d9\u306b\u5229\u6255\u3044\u304c\u751f\u3058\u3066\u304a\u308a\u3001\u4eca\u3053\u305d\u7c73\u56fd\u50b5\u3092\u5927\u91cf\u306b\u767a\u884c\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u304c\u3001\u3053\u308c\u307e\u3067\u7c73\u56fd\u50b5\u3092\u8cb7\u3063\u3066\u304f\u308c\u3066\u3044\u305f\u4ed6\u56fd\u306e\u4e2d\u592e\u9280\u884c\u306f\u30c9\u30eb\u8cc7\u7523\u3092\u907f\u3051\u3066\u30b4\u30fc\u30eb\u30c9\u306b\u8d70\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\/55076\" data-type=\"post\" data-id=\"55076\">\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f: \u91d1\u4fa1\u683c\u304c\u3068\u3093\u3067\u3082\u306a\u304f\u4e0a\u6607\u3057\u3066\u3044\u308b\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u3055\u3066\u3001\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306f\u3053\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u72b6\u6cc1\u304c\u904e\u53bb\u306e\u3042\u308b\u6709\u540d\u306a\u4e8b\u4f8b\u3068\u4f3c\u3066\u3044\u308b\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u308c\u306f1971\u5e74\u306e\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308b\u3002\u30d8\u30a4\u30b3\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 class=\"wp-block-paragraph\">1971\u5e74\u306f\u8ee2\u63db\u70b9\u3060\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1971\u5e74\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6226\u5f8c\u306e\u30a2\u30e1\u30ea\u30ab\u306f\u307e\u3060\u91d1\u672c\u4f4d\u5236\u5ea6\u3092\u7dad\u6301\u3057\u3066\u3044\u305f\u3002\u3064\u307e\u308a\u3001\u30c9\u30eb\u7d19\u5e63\u306f\u4e2d\u592e\u9280\u884c\u3078\u6301\u3063\u3066\u3044\u3051\u3070\u30b4\u30fc\u30eb\u30c9\u3068\u63db\u3048\u3066\u3082\u3089\u3048\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d19\u5e63\u306f\u3082\u3068\u3082\u3068\u30b4\u30fc\u30eb\u30c9\u306e\u9810\u304b\u308a\u8a3c\u3060\u3063\u305f\u306e\u3060\u304b\u3089\u5f53\u7136\u3067\u3042\u308b\u3002\u7d19\u5e63\u306f\u30b4\u30fc\u30eb\u30c9\u3068\u4ea4\u63db\u3067\u53d7\u3051\u53d6\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u30b4\u30fc\u30eb\u30c9\u3092\uff08\u4e2d\u592e\uff09\u9280\u884c\u306b\u9810\u3051\u305f\u4eba\u306f\u305d\u306e\u4ee3\u308f\u308a\u306b\u7d19\u5e63\u3092\u53d7\u3051\u53d6\u308a\u3001\u7d19\u5e63\u3055\u3048\u4e2d\u592e\u9280\u884c\u306b\u6301\u3063\u3066\u3044\u3051\u3070\u9810\u3051\u3066\u3044\u305f\u30b4\u30fc\u30eb\u30c9\u3092\uff08\u5f53\u305f\u308a\u524d\u3060\u304c\uff09\u8fd4\u3057\u3066\u3082\u3089\u3046\u3053\u3068\u304c\u51fa\u6765\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3060\u304c\u3001\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u306f\u305d\u306e\u9810\u304b\u3063\u3066\u3044\u305f\u30b4\u30fc\u30eb\u30c9\u3092\u8fd4\u3055\u306a\u3044\u3068\u8a00\u3063\u305f\u3002\u305d\u308c\u304c\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308a\u3001\u91d1\u672c\u4f4d\u5236\u5ea6\u306e\u5ec3\u6b62\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u653f\u5e9c\u304c\u9810\u304b\u3063\u3066\u3044\u305f\u306f\u305a\u306e\u30b4\u30fc\u30eb\u30c9\u306f\u3082\u3061\u308d\u3093\u653f\u6cbb\u5bb6\u305f\u3061\u304c\u4f7f\u3044\u8fbc\u3093\u3067\u3057\u307e\u3063\u305f\u308f\u3051\u3060\u304c\u3001\u4f55\u3082\u8fd4\u3063\u3066\u3053\u306a\u304f\u306a\u3063\u305f\u5f8c\u3082\u4eba\u3005\u306f\u3053\u306e\u7121\u610f\u5473\u306a\u9810\u304b\u308a\u8a3c\u3092\u6709\u308a\u96e3\u304f\u8ca1\u5e03\u306b\u5927\u4e8b\u306b\u3057\u307e\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u304c\u4eca\u308f\u308c\u308f\u308c\u304c\u4f7f\u3063\u3066\u3044\u308b\u7d19\u5e63\u306e\u6b63\u4f53\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3055\u3066\u3001\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u5f8c\u3001\u30c9\u30eb\u76f8\u5834\u306f\u3069\u3046\u306a\u3063\u305f\u304b\u3002\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\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 class=\"wp-block-paragraph\">\u30cb\u30af\u30bd\u30f3\u6c0f\u304c\u91d1\u672c\u4f4d\u5236\u3092\u5ec3\u6b62\u3057\u305f\u6642\u3001\u5f7c\u306f\u3053\u3046\u8a00\u3063\u305f\u3002\u30c9\u30eb\u306f\u5f37\u304f\u3042\u308a\u7d9a\u3051\u308b\u304b\u3089\u5fc3\u914d\u3059\u308b\u306a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u308c\u306f\u5618\u3060\u3063\u305f\u3002\u30c9\u30eb\u306f1971\u5e74\u4ee5\u6765\u3001\u30b4\u30fc\u30eb\u30c9\u306b\u5bfe\u3057\u306698%\u4e0b\u843d\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u30b4\u30fc\u30eb\u30c9\u3068\u6bd4\u8f03\u3059\u308b\u3068\u30b4\u30fc\u30eb\u30c9\u304c\u4e0a\u304c\u3063\u305f\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u898b\u65b9\u3082\u51fa\u6765\u308b\u304b\u3089\u3001\u7269\u4fa1\u4e00\u822c\u3068\u6bd4\u3079\u308b\u305f\u3081\u306b\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\u3092\u4f7f\u3044\u30011971\u5e741\u6708\u3092100\u3068\u3057\u3066\u30c9\u30eb\u306e\u4fa1\u5024\u304c\u305d\u306e\u5f8c\u3069\u3046\u306a\u3063\u305f\u304b\u3092\u30b0\u30e9\u30d5\u306b\u3059\u308b\u3068\u3001\u6b21\u306e\u3088\u3046\u306b\u306a\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\/10\/2024-sep-usd-to-cpi-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"473\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/10\/2024-sep-usd-to-cpi-chart.png\" alt=\"\" class=\"wp-image-55228\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/10\/2024-sep-usd-to-cpi-chart.png 450w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/10\/2024-sep-usd-to-cpi-chart-285x300.png 285w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u30b0\u30e9\u30d5\u3053\u305d\u304c\u30a4\u30f3\u30d5\u30ec\u3001\u3064\u307e\u308a\u8ca8\u5e63\u4fa1\u5024\u4e0b\u843d\u306e\u610f\u5473\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u652f\u6301\u3057\u3066\u3044\u305f\u4eba\u306f\u81ea\u5206\u306e\u8cc7\u7523\u306e\u4fa1\u5024\u4e0b\u843d\u3092\u652f\u6301\u3057\u3066\u3044\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306e\u7406\u7531<\/strong><\/p>\n\n\n\n<p 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class=\"wp-block-paragraph\">\u305d\u306e\u6642\u30cb\u30af\u30bd\u30f3\u6c0f\u306f\u30c9\u30eb\u306f\u5f37\u304f\u3042\u308a\u7d9a\u3051\u308b\u3068\u3044\u3046\u5618\u306e\u7d04\u675f\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304b\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a2\u30e1\u30ea\u30ab\u306f\u6226\u8cbb\u8abf\u9054\u306b\u8ffd\u308f\u308c\u3066\u304a\u308a\u3001\u7d19\u5e63\u3092\u5370\u5237\u3057\u3066\u7c73\u56fd\u50b5\u3092\u8cb7\u3044\u652f\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304b\u3063\u305f\u306e\u3060\u304c\u3001\u30b4\u30fc\u30eb\u30c9\u306e\u9810\u304b\u308a\u8a3c\u306f\u81ea\u7531\u306b\u306f\u5237\u308c\u306a\u3044\u3002\u3060\u304b\u3089\u30c9\u30eb\u7d19\u5e63\u3092\u30b4\u30fc\u30eb\u30c9\u306e\u9810\u304b\u308a\u8a3c\u3067\u306f\u306a\u304f\u3057\u305f\u4e0a\u3067\u81ea\u7531\u306b\u5237\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e78\u3044\u306a\u306e\u306f\u305d\u308c\u3067\u3082\u4eba\u3005\u304c\u4f55\u306e\u610f\u5473\u3082\u306a\u3044\u7d19\u5207\u308c\u3092\u4f7f\u3044\u7d9a\u3051\u3066\u304f\u308c\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u308c\u3067\u672c\u6765\u6025\u964d\u4e0b\u3057\u3066\u30bc\u30ed\u306b\u306a\u308b\u306f\u305a\u306e\u7d19\u5e63\u306e\u4fa1\u5024\u306f\u306a\u3060\u3089\u304b\u306a\u4e0b\u843d\u3092\u4f55\u5341\u5e74\u3082\u7d9a\u3051\u308b\u3053\u3068\u306b\u306a\u308a\u3001\u305d\u308c\u306f\u4eca\u3067\u3082\u7d9a\u3044\u3066\u3044\u308b\uff08\u3064\u307e\u308a\u30a4\u30f3\u30d5\u30ec\uff09\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6570\u5b66\u3068\u3044\u3046\u306e\u306f\u7d20\u6674\u3089\u3057\u3044\u3082\u306e\u3067\u3001\u65e2\u306b98%\u4fa1\u5024\u304c\u4e0b\u843d\u3057\u305f\u8cc7\u7523\u3067\u3042\u308d\u3046\u3068\u3082\u3053\u308c\u304b\u3089\u66f4\u306b98%\u4e0b\u843d\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u53ef\u80fd\u6027\u306f\u7121\u9650\u5927\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u518d\u6765<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3057\u3066\u3053\u3053\u304b\u3089\u304c\u672c\u984c\u3067\u3042\u308b\u3002\u30d8\u30a4\u30b3\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 class=\"wp-block-paragraph\">\u3060\u304c\u30cb\u30af\u30bd\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u72b6\u6cc1\u306f\u4eca\u3068\u4f3c\u3066\u3044\u306a\u3044\u304b\uff1f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6226\u4e89\u304c\u3042\u308a\u3001\u6771\u5074\u8af8\u56fd\u306e\u4e2d\u592e\u9280\u884c\u306f\u30c9\u30eb\u304b\u3089\u30b4\u30fc\u30eb\u30c9\u3078\u3068\u8cc7\u91d1\u3092\u9003\u907f\u3055\u305b\u3066\u304a\u308a\u3001\u30c9\u30eb\u306f\u8106\u5f31\u306a\u72b6\u6cc1\u306b\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u50b5\u52d9\u306f\u304b\u3055\u3093\u3067\u3044\u3066\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u3092\u7c73\u56fd\u50b5\u767a\u884c\u3067\u8cc4\u3046\u81ea\u8ee2\u8eca\u64cd\u696d\u306b\u8ffd\u308f\u308c\u3066\u3044\u308b\u3002\u7c73\u56fd\u50b5\u3092\u8cb7\u3063\u3066\u3082\u3089\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3060\u304c\u3001\u4ed6\u56fd\u306e\u4e2d\u592e\u9280\u884c\u306f\u7c73\u56fd\u50b5\u304b\u3089\u9003\u3052\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/50217\" data-type=\"post\" data-id=\"50217\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u50b5\u304c\u6295\u3052\u58f2\u308a\u3055\u308c\u3066\u6b21\u306e\u7d4c\u6e08\u5371\u6a5f\u304c\u59cb\u307e\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/54540\" data-type=\"post\" data-id=\"54540\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u7c73\u56fd\u50b5\u7a7a\u58f2\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u306f10%\u3092\u8d85\u3048\u3066\u518d\u71c3\u3059\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u306f\u3069\u3046\u3059\u308b\u3060\u308d\u3046\u304b\u3002\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\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 class=\"wp-block-paragraph\">\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u306f\u58ca\u308c\u3066\u3044\u308b\u30b7\u30b9\u30c6\u30e0\u3092\u6551\u3046\u305f\u3081\u306b\u901a\u8ca8\u3092\u72a0\u7272\u306b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">1971\u5e74\u306b\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u304c\u3084\u3063\u305f\u3053\u3068\u306f\u81f4\u547d\u7684\u3067\u3001\u70ba\u66ff\u76f8\u5834\u3001\u3044\u3084\u3059\u3079\u3066\u306e\u91d1\u878d\u5e02\u5834\u306b\u4e88\u671f\u305b\u306c\u7d50\u679c\u3092\u751f\u3093\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u8ab0\u3082\u7c73\u56fd\u50b5\u3092\u8cb7\u3063\u3066\u304f\u308c\u306a\u3044\u306e\u3067\u3042\u308c\u3070\u3001\u81ea\u5206\u3067\u30c9\u30eb\u3092\u5370\u5237\u3057\u3066\u8cb7\u3046\u3057\u304b\u306a\u3044\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u308c\u304c\u6050\u3089\u304f\u306f\u9577\u671f\u7684\u306b\u306f\u907f\u3051\u3089\u308c\u306a\u3044\u30c9\u30eb\u306e\u904b\u547d\u3067\u3042\u308b\u3002\u6765\u6708\u306e\u5927\u7d71\u9818\u9078\u6319\u304c\u305d\u306e\u304d\u3063\u304b\u3051\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u8457\u540d\u6295\u8cc7\u5bb6\u3082\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 class=\"wp-block-paragraph\">\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d50\u8ad6\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 class=\"wp-block-paragraph\">\u30c9\u30eb\u306f\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u307b\u304b\u306b\u9078\u629e\u80a2\u304c\u306a\u3044\u3002\u305d\u308c\u304c\u4eca\u306e\u72b6\u6cc1\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7b46\u8005\u3082\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306e\u7d50\u8ad6\u306b\u540c\u610f\u3057\u3066\u3044\u308b\u304c\u3001\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u96e3\u3057\u3044\u306e\u306f\u3001\u65e5\u672c\u5186\u3082\u307e\u305f\u540c\u3058\u7acb\u5834\u306b\u3042\u308b\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\/53955\" data-type=\"post\" data-id=\"53955\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u83ab\u5927\u306a\u653f\u5e9c\u50b5\u52d9\u306e\u305b\u3044\u3067\u65e5\u672c\u306e\u5186\u5b89\u3068\u30a4\u30f3\u30d5\u30ec\u306f\u6b62\u307e\u3089\u306a\u3044<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/47910\" data-type=\"post\" data-id=\"47910\">\u65e5\u9280\u306e\u690d\u7530\u7dcf\u88c1\u304c\u5186\u5b89\u3092\u6b62\u3081\u3089\u308c\u306a\u3044\u7406\u7531<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u3067\u306f\u3069\u3046\u3059\u308b\u304b\u3002\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306e\u4e0a\u53f8\u306b\u3042\u305f\u308b\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u306f\u8cb4\u91d1\u5c5e\u3092\u5968\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/49783\" data-type=\"post\" data-id=\"49783\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u30b4\u30fc\u30eb\u30c9\u3068\u30b7\u30eb\u30d0\u30fc\u306e\u672c\u5f53\u306e\u4e0a\u3052\u76f8\u5834\u306f\u3053\u308c\u304b\u3089<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/49744\" data-type=\"post\" data-id=\"49744\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u3059\u3079\u3066\u306e\u7d19\u5e63\u306e\u4fa1\u5024\u306f\u6700\u7d42\u7684\u306b\u30bc\u30ed\u306b\u5411\u304b\u3063\u3066\u3086\u304f<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001Von Greyerz\u306e\u30d1\u30fc\u30c8\u30ca\u30fc\u3067\u3042\u308b\u30b8\u30e7\u30cb\u30fc\u30fb\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u306eSFO Continuity\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u554f\u984c\u3068\u30c9\u30eb\u76f8\u5834\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\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":[118,120,19,108],"tags":[201],"class_list":["post-55210","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-usdjpy","category-foreign-exchange-market","category-bond-markets","tag-jonny-haycock"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55210","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=55210"}],"version-history":[{"count":53,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55210\/revisions"}],"predecessor-version":[{"id":55264,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55210\/revisions\/55264"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=55210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=55210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=55210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}