{"id":55822,"date":"2024-10-31T20:00:00","date_gmt":"2024-10-31T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=55822"},"modified":"2024-10-31T19:28:50","modified_gmt":"2024-10-31T10:28:50","slug":"%e3%83%8d%e3%82%a4%e3%83%94%e3%82%a2%e6%b0%8f-%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e3%81%a8%e5%82%b5%e5%8b%99%e5%95%8f%e9%a1%8c%e3%81%a7%e6%9c%80%e5%a4%a7%e3%81%ae%e5%8d%b1%e6%a9%9f%e3%81%af%e3%83%a8","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55822","title":{"rendered":"\u30cd\u30a4\u30d4\u30a2\u6c0f: \u30a4\u30f3\u30d5\u30ec\u3068\u50b5\u52d9\u554f\u984c\u3067\u6700\u5927\u306e\u5371\u6a5f\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u3001\u5171\u901a\u901a\u8ca8\u30e6\u30fc\u30ed\u306f\u7834\u7dbb\u3059\u308b"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306eSkagen Funds\u4e3b\u50ac\u306e\u8b1b\u6f14\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u50b5\u52d9\u3068\u7d19\u5e63\u5370\u5237<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u3001\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u91d1\u5229\u4e0a\u6607\u3068\u3068\u3082\u306b\u3001\u4e16\u754c\u7d4c\u6e08\u306b\u304a\u3051\u308b\u4e2d\u56fd\u306e\u5f79\u5272\u306e\u5909\u5316\u304c\u4eca\u5f8c\u6570\u5341\u5e74\u306e\u65b0\u305f\u306a\u4e16\u754c\u7d4c\u6e08\u3092\u6c7a\u3081\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\/55762\" data-type=\"post\" data-id=\"55762\">\u30cd\u30a4\u30d4\u30a2\u6c0f: \u91d1\u5229\u4e0a\u6607\u306e\u65b0\u6642\u4ee3\u3067\u306f\u6295\u8cc7\u5bb6\u306fS&amp;P 500\u3068\u7c73\u56fd\u50b5\u3092\u907f\u3051\u3088<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5148\u9032\u56fd\u306e\u56fd\u50b5\u306e\u5de8\u5927\u306a\u8cb7\u3044\u624b\u3060\u3063\u305f\u4e2d\u56fd\u306f\u3001\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u306b\u3088\u3063\u3066\u4eca\u3084\u81ea\u5206\u3092\u8cb7\u3044\u652f\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u72b6\u6cc1\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55005\" data-type=\"post\" data-id=\"55005\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u8aac\u660e\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e2d\u56fd\u306e\u50b5\u52d9\u306e\u5927\u534a\u306f\u4e2d\u592e\u653f\u5e9c\u3067\u306f\u306a\u304f\u5730\u65b9\u653f\u5e9c\u306e\u50b5\u52d9\u3060\u304c\u3001\u305d\u308c\u3089\u3092\u5408\u308f\u305b\u305f\u4e2d\u56fd\u5168\u4f53\u306e\u50b5\u52d9\u306b\u3064\u3044\u3066\u30cd\u30a4\u30d4\u30a2\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>\u4e2d\u56fd\u306e\u50b5\u52d9\u306f\u7269\u51c4\u3044\u3053\u3068\u306b\u306a\u3063\u3066\u3044\u308b\u3002GDP\u306e308%\u3060\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u306b\u6bd4\u3079\u3066\u305d\u308c\u307b\u3069\u9177\u3044\u72b6\u6cc1\u3067\u306f\u306a\u3044\u3002\u308f\u308c\u308f\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u50b5\u52d9\u3092\u5e33\u6d88\u3057\u3059\u308b\u65b9\u6cd5\u3092\u77e5\u3063\u3066\u3044\u308b\u3002\u8ca0\u50b5\u306b\u3088\u308b\u30c7\u30d5\u30ec\u306b\u5bfe\u51e6\u3059\u308b\u65b9\u6cd5\u3092\u77e5\u3063\u3066\u3044\u308b\u3002\u4e0d\u52d5\u7523\u4f1a\u793e\u3084\u9280\u884c\u306e\u5012\u7523\u306b\u5bfe\u51e6\u3059\u308b\u65b9\u6cd5\u3092\u77e5\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7d19\u5e63\u5370\u5237\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u308c\u306f\u307e\u3055\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u306b\u91cf\u7684\u7de9\u548c\u306b\u3088\u3063\u3066\u56fd\u50b5\u3092\u8cb7\u3044\u652f\u3048\u3001\u56fd\u5185\u306e\u50b5\u52d9\u3092\u653f\u5e9c\u50b5\u52d9\u306b\u4e00\u8ee2\u96c6\u4e2d\u3055\u305b\u305f\u65b9\u6cd5\u3068\u540c\u3058\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3082\u4e2d\u56fd\u306f\u305d\u306e\u65b9\u6cd5\u3067\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u4e57\u308a\u5207\u308b\u3079\u304d\u3060\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\/54499\" data-type=\"post\" data-id=\"54499\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u682a\u4fa1\u6025\u4e0a\u6607\u306e\u4e2d\u56fd\u7d4c\u6e08\u3001\u50b5\u52d9\u518d\u7de8\u3057\u306a\u3051\u308c\u3070\u65e5\u672c\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u4e8c\u306e\u821e\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u305d\u308c\u304c\u4e0d\u53ef\u907f\u3060\u3068\u898b\u3066\u3044\u308b\u3088\u3046\u3060\u3002\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u3053\u3046\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>\u4e2d\u56fd\u306f\u7d19\u5e63\u5370\u5237\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30e8\u30fc\u30ed\u30c3\u30d1\u3068\u7d19\u5e63\u5370\u5237<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u91d1\u5229\u4e0a\u6607\u3067\u83ab\u5927\u306a\u653f\u5e9c\u50b5\u52d9\u306b\u5229\u6255\u3044\u304c\u767a\u751f\u3057\u59cb\u3081\u3001\u6a5f\u95a2\u6295\u8cc7\u5bb6\u305f\u3061\u306f\u7c73\u56fd\u50b5\u306e\u4fa1\u683c\u4e0b\u843d\u3092\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\/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\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55489\" data-type=\"post\" data-id=\"55489\">\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u3001\u5927\u7d71\u9818\u9078\u6319\u3067\u30a4\u30f3\u30d5\u30ec\u518d\u52a0\u901f\u3092\u4e88\u60f3\u3001\u7c73\u56fd\u50b5\u3092\u7a7a\u58f2\u308a<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u4f8b\u3048\u3070\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u3082\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u306e\u3060\u304b\u3089\u3001\u3053\u306e\u72b6\u6cc1\u306f\u591a\u304b\u308c\u5c11\u306a\u304b\u308c\u540c\u3058\u306f\u305a\u3067\u3042\u308b\u3002\u3057\u304b\u3082\u30cd\u30a4\u30d4\u30a2\u6c0f\u306b\u3088\u308c\u3070\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u4ee5\u4e0a\u306b\u89e3\u6c7a\u4e0d\u53ef\u80fd\u306a\u554f\u984c\u304c\u4ed8\u52a0\u3055\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u5171\u901a\u901a\u8ca8\u30e6\u30fc\u30ed\u3067\u3042\u308b\u3002\u30c9\u30a4\u30c4\u3084\u30d5\u30e9\u30f3\u30b9\u306a\u3069\u591a\u304f\u306e\u56fd\u304c\u540c\u3058\u901a\u8ca8\u306e\u4e2d\u306b\u9589\u3058\u8fbc\u3081\u3089\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u304c\u554f\u984c\u3092\u5897\u5e45\u3059\u308b\u3002<\/p>\n\n\n\n<p><strong>\u50b5\u52d9\u554f\u984c\u3068\u5171\u901a\u901a\u8ca8\u30e6\u30fc\u30ed<\/strong><\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6c11\u9593\u306e\u8ca0\u50b5\u306a\u3069\u3092\u5408\u308f\u305b\u305f\u30d5\u30e9\u30f3\u30b9\u306e\u50b5\u52d9\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>\u30d5\u30e9\u30f3\u30b9\u306e\u8ca0\u50b5\u306fGDP\u306e323%\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u308c\u306f\u30c9\u30a4\u30c4\u306e\u72b6\u6cc1\u3068\u306f\u5927\u304d\u304f\u9055\u3046\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u90e8\u5c4b\u306e\u534a\u5206\u304c\u30c9\u30a4\u30c4\u3067\u3001\u3053\u306e\u90e8\u5c4b\u306e\u534a\u5206\u304c\u30d5\u30e9\u30f3\u30b9\u3060\u3068\u3057\u3088\u3046\u3002\u3053\u306e\u90e8\u5c4b\u306e\u7d4c\u6e08\u306b\u9069\u5207\u306a\u540d\u76ee\u91d1\u5229\u306e\u6c34\u6e96\u3092\u3069\u3046\u3084\u3063\u3066\u898b\u3064\u3051\u308c\u3070\u826f\u3044\u306e\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p>\u5171\u901a\u901a\u8ca8\u30e6\u30fc\u30ed\u306e\u554f\u984c\u306f\u3001\u7d4c\u6e08\u898f\u6a21\u3082\u7d4c\u6e08\u6210\u9577\u7387\u3082\u7d2f\u7a4d\u50b5\u52d9\u3082\u307e\u3063\u305f\u304f\u9055\u3046\u591a\u304f\u306e\u56fd\u304c1\u3064\u306e\u653f\u7b56\u91d1\u5229\u3092\u5171\u6709\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3084\u4e2d\u56fd\u306e\u554f\u984c\u306f\u3001\u50b5\u52d9\u3092\u30a4\u30f3\u30d5\u30ec\u3067\u5e33\u6d88\u3057\u306b\u3059\u308c\u3070\u89e3\u6c7a\u3055\u308c\u308b\u3002\u56fd\u6c11\u306e\u9810\u91d1\u306f\u7d19\u5207\u308c\u306b\u306a\u308b\u304c\u3001\u50b5\u52d9\u554f\u984c\u306f\u5927\u304d\u304f\u306a\u3089\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u6226\u5f8c\u306b\u65e5\u672c\u3084\u30c9\u30a4\u30c4\u304c\u305d\u3046\u3057\u305f\u3088\u3046\u306b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55567\" data-type=\"post\" data-id=\"55567\">\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f: \u65e5\u672c\u3082\u30a2\u30e1\u30ea\u30ab\u3082\u653f\u5e9c\u50b5\u52d9\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u89e3\u6c7a\u3055\u308c\u308b\u3057\u304b\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5358\u306b\u91d1\u5229\u3092\u4e0b\u3052\u3001\u7d19\u5e63\u3092\u5370\u5237\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u56fd\u6c11\u306e\u9810\u91d1\u3068\u3068\u3082\u306b\u653f\u5e9c\u50b5\u52d9\u3092\u7d19\u5207\u308c\u306b\u3057\u3066\u3057\u307e\u3048\u3070\u826f\u3044\u3002\u305d\u308c\u3053\u305d\u304c\u91d1\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u3066\u3044\u308b\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\/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><strong>\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u50b5\u52d9\u5e33\u6d88\u3057\u3055\u3048\u51fa\u6765\u306a\u3044\u30e6\u30fc\u30ed\u570f<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u30e6\u30fc\u30ed\u570f\u306f\u8a71\u304c\u9055\u3046\u3002\u30e6\u30fc\u30ed\u52a0\u76df\u56fd\u306f1\u3064\u306e\u4e2d\u592e\u9280\u884c\u3092\u5171\u6709\u3057\u3066\u3044\u308b\u3002ECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u4f8b\u3048\u3070\u30d5\u30e9\u30f3\u30b9\u306e\u50b5\u52d9\u304c\u554f\u984c\u306b\u306a\u3063\u305f\u3068\u304d\u3001ECB\u306f\u3069\u3046\u3059\u308c\u3070\u826f\u3044\u306e\u304b\uff1f\u3000ECB\u304c\u30d5\u30e9\u30f3\u30b9\u306e\u305f\u3081\u306b\u91d1\u878d\u7de9\u548c\u3092\u3057\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u50b5\u52d9\u3092\u5e33\u6d88\u3057\u306b\u3057\u3088\u3046\u3068\u3059\u308c\u3070\u3001\u30d5\u30e9\u30f3\u30b9\u307b\u3069\u306f\u50b5\u52d9\u306e\u554f\u984c\u3092\u62b1\u3048\u3066\u3044\u306a\u3044\u4ed6\u306e\u56fd\uff08\u4f8b\u3048\u3070\u30c9\u30a4\u30c4\uff09\u3082\u30a4\u30f3\u30d5\u30ec\u306e\u5dfb\u304d\u6dfb\u3048\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>ECB\u306f\u30c9\u30a4\u30c4\u3068\u30d5\u30e9\u30f3\u30b9\u306e\u4e21\u65b9\u306b\u3068\u3063\u3066\u9069\u5207\u306a\u91d1\u5229\u6c34\u6e96\u3092\u3069\u306e\u3088\u3046\u306b\u898b\u3064\u3051\u308c\u3070\u826f\u3044\u306e\u304b\uff1f\u3000\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\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>\u7b54\u3048\u306f\u300c\u898b\u3064\u3051\u3089\u308c\u306a\u3044\u300d\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u4e88\u60f3\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>\u305d\u308c\u306f\u4e0d\u53ef\u80fd\u3060\u3002\u3060\u304b\u3089\u30d5\u30e9\u30f3\u30b9\u304c\u30a4\u30f3\u30d5\u30ec\u3067\u50b5\u52d9\u3092\u5e33\u6d88\u3057\u306b\u3059\u308b\u5fc5\u8981\u306b\u8feb\u3089\u308c\u3001\u30c9\u30a4\u30c4\u304c\u305d\u3046\u3067\u306f\u306a\u3044\u6642\u3001\u5927\u304d\u306a\u4e89\u3044\u306b\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u308c\u306f\u9577\u671f\u7684\u306b\u30e6\u30fc\u30ed\u304c\u4e0b\u843d\u3059\u308b\u3068\u3044\u3046\u898b\u901a\u3057\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u3082\u3063\u3068\u7d30\u304b\u304f\u5177\u4f53\u7684\u306a\u653f\u6cbb\u7684\u4e89\u3044\u304c\u751f\u3058\u308b\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u30702010\u5e74\u304b\u3089\u306e\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u306e\u3088\u3046\u306b\u3001\u30ae\u30ea\u30b7\u30e3\u306a\u3069\u306e\u5357\u6b27\u8af8\u56fd\u304c\u50b5\u52d9\u5371\u6a5f\u306b\u9665\u3063\u3066\u30c7\u30d5\u30a9\u30eb\u30c8\u5bf8\u524d\u3068\u306a\u308a\u3001\u30ae\u30ea\u30b7\u30e3\u304c\u30e6\u30fc\u30ed\u570f\u96e2\u8131\u3059\u308b\u304b\u3057\u306a\u3044\u304b\u3068\u3044\u3046\u571f\u58c7\u5834\u306e\u4e2d\u3001\u30a4\u30f3\u30d5\u30ec\u3068\u501f\u91d1\u3092\u6b7b\u306c\u307b\u3069\u5acc\u3046\u30c9\u30a4\u30c4\u4eba\u304c\u30ae\u30ea\u30b7\u30e3\u4eba\u306e\u501f\u91d1\u3092\u652f\u3048\u308b\u3068\u3044\u3046\u82e6\u6e0b\u306e\u6c7a\u65ad\u3092\u3057\u305f\u6642\u3068\u540c\u3058\u3088\u3046\u306a\u611b\u618e\u5287\u304c\u518d\u3073\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u7e70\u308a\u5e83\u3052\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u308c\u306f\u30b0\u30ed\u30fc\u30d0\u30eb\u30de\u30af\u30ed\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u591a\u304f\u306e\u6295\u8cc7\u6a5f\u4f1a\u3092\u751f\u3080\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u5f53\u6642\u306e\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u72b6\u6cc1\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u7e8f\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\/5343\" data-type=\"post\" data-id=\"5343\">\u30e6\u30fc\u30ed\u570f\u304c\u30c9\u30a4\u30c4\u306e\u690d\u6c11\u5730\u3060\u3068\u4e00\u76ee\u3067\u5206\u304b\u308b\u5404\u52a0\u76df\u56fd\u306e\u8cbf\u6613\u53ce\u652f\u6bd4\u8f03 (2017\/1\/29)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u306b\u3064\u3044\u3066\u306f\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u304c\u300e<a href=\"https:\/\/amzn.to\/3AmdUYw\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u30bd\u30ed\u30b9\u306e\u8b66\u544a \u30e6\u30fc\u30ed\u304c\u4e16\u754c\u7d4c\u6e08\u3092\u7834\u58ca\u3059\u308b<\/a>\u300f\u3068\u3044\u3046\u672c\u3092\u66f8\u3044\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u3061\u3089\u3082\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u306f\u7d42\u308f\u3063\u3066\u3044\u306a\u3044\u3069\u3053\u308d\u304b\u3001\u7b46\u8005\u306e\u4e88\u60f3\u3067\u306f\u30e6\u30fc\u30ed\u570f\u304c\u5d29\u58ca\u3059\u308b\u307e\u3067\u9577\u671f\u7684\u306b\u7d9a\u304f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<a href=\"https:\/\/amzn.to\/3AmdUYw\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/41VpiklerpL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/3AmdUYw\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306e\u8b66\u544a \u30e6\u30fc\u30ed\u304c\u4e16\u754c\u7d4c\u6e08\u3092\u7834\u58ca\u3059\u308b<\/a>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306eSkagen Funds\u4e3b\u50ac\u306e\u8b1b\u6f14\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[134,38,19,108],"tags":[202],"class_list":["post-55822","post","type-post","status-publish","format-standard","hentry","category-eur","category-european-bond-market","category-foreign-exchange-market","category-bond-markets","tag-russell-napier"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55822","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=55822"}],"version-history":[{"count":45,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55822\/revisions"}],"predecessor-version":[{"id":55867,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55822\/revisions\/55867"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=55822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=55822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=55822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}