{"id":55934,"date":"2024-11-03T20:00:00","date_gmt":"2024-11-03T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=55934"},"modified":"2024-11-03T17:49:15","modified_gmt":"2024-11-03T08:49:15","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e6%99%af%e6%b0%97%e5%be%8c%e9%80%80%e3%81%8c%e8%b5%b7%e3%81%8d%e3%82%8c%e3%81%b0%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%af%e8%b3%87","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55934","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u666f\u6c17\u5f8c\u9000\u304c\u8d77\u304d\u308c\u3070\u30a2\u30e1\u30ea\u30ab\u306f\u8cc7\u91d1\u8abf\u9054\u3067\u304d\u306a\u304f\u306a\u308b"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u30aa\u30eb\u30d6\u30e9\u30a4\u30c8\u30fb\u30ce\u30c3\u30af\u30b9\u7f8e\u8853\u9928\u3067\u4e16\u754c\u7684\u306a\u91d1\u5229\u52d5\u5411\u3068\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3001\u305d\u3057\u3066\u91d1\u4fa1\u683c\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>1921\u5e74\u4e16\u754c\u6050\u614c\u306e\u4e8b\u4f8b<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3084\u65e5\u672c\u3067\u306f\u3053\u308c\u307e\u3067\u3001\u666f\u6c17\u5f8c\u9000\u304c\u8d77\u304d\u308b\u5ea6\u306b\u7de9\u548c\u3092\u884c\u3044\u3001\u666f\u6c17\u5f8c\u9000\u304b\u3089\u8131\u51fa\u3057\u3066\u304d\u305f\u3002\u30b3\u30ed\u30ca\u798d\u306b\u304a\u3044\u3066\u3082\u83ab\u5927\u306a\u73fe\u91d1\u7d66\u4ed8\u3092\u884c\u3044\u3001\u9177\u3044\u666f\u6c17\u5f8c\u9000\u3092\u907f\u3051\u305f\u4ee3\u308f\u308a\u306b\u4e16\u754c\u4e2d\u304c\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/50460\" data-type=\"post\" data-id=\"50460\">\u30c8\u30e9\u30f3\u30d7\u6c0f: \u73fe\u91d1\u7d66\u4ed8\u3067\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u306e\u306f\u30d0\u30a4\u30c7\u30f3\u6c0f\u3060<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4eca\u306e\u4eba\u3005\u306f\u305d\u308c\u3092\u5f53\u305f\u308a\u524d\u306e\u3088\u3046\u306b\u601d\u3063\u3066\u3044\u308b\u3002\u3060\u304c\u9055\u3046\u6642\u4ee3\u306b\u306f\u9055\u3046\u5bfe\u5fdc\u304c\u3042\u3063\u305f\u3002\u4f8b\u3048\u3070\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f1921\u5e74\u306e\u4e16\u754c\u6050\u614c\u306e\u4e8b\u4f8b\u306b\u3064\u3044\u3066\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>1921\u5e74\u306e\u4e16\u754c\u6050\u614c\u306f\u9014\u65b9\u3082\u306a\u3044\u7d4c\u6e08\u554f\u984c\u3060\u3063\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306f1\/3\u6e1b\u5c11\u3057\u305f\u3002<\/p>\n\n\n\n<p>1\/3\u3060\u3002\u3060\u304c\u5f53\u6642\u306e\u4eba\u3005\u306f\u305d\u306e\u666f\u6c17\u5f8c\u9000\u3092\u53d7\u3051\u5165\u308c\u305f\u3002\u3059\u3079\u3066\u306e\u4e0d\u826f\u50b5\u6a29\u3068\u9593\u9055\u3063\u305f\u6295\u8cc7\u304c\u7cbe\u7b97\u3055\u308c\u305f\u3002\u91d1\u5229\u3092\u4e0a\u3052\u3066\u653f\u5e9c\u652f\u51fa\u3092\u524a\u6e1b\u3057\u3001\u305d\u3057\u3066\u7d4c\u6e08\u306f\u5d29\u58ca\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u4e16\u754c\u6050\u614c\u306b\u3064\u3044\u3066\u8ab0\u3082\u77e5\u3089\u306a\u3044\u3053\u3068\u306f\u3001\u305d\u308c\u3053\u305d\u304c\u884c\u306a\u3046\u3079\u304d\u3053\u3068\u3060\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u75db\u307f\u3092\u53d7\u3051\u5165\u308c\u308b\u5fc5\u8981\u304c\u3042\u3063\u305f\u306e\u3060\u3002\u305d\u3057\u30661923\u5e74\u306b\u306f\u3059\u3079\u3066\u304c\u9806\u8abf\u306b\u623b\u3063\u3066\u3044\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u3088\u3046\u306a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u3057\u3070\u3057\u3070\u8a00\u3046\u3053\u3068\u306f\u3001\u666f\u6c17\u5f8c\u9000\u306f\u5fc5\u8981\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u91d1\u5229\u306e\u4e0b\u3052\u904e\u304e\u3084\u4e0d\u8981\u306a\u88dc\u52a9\u91d1\u306b\u3088\u3063\u3066\u30be\u30f3\u30d3\u4f01\u696d\u304c\u5ef6\u547d\u3055\u308c\u3001\u8ab0\u3082\u8cb7\u308f\u306a\u3044\u3088\u3046\u306a\u88fd\u54c1\u304c\u4f5c\u3089\u308c\u7d9a\u3051\u3001\u58f2\u308c\u306a\u304b\u3063\u305f\u3053\u3068\u3053\u305d\u304c\u666f\u6c17\u5f8c\u9000\u306e\u539f\u56e0\u306a\u306e\u3060\u304b\u3089\u3001\u305d\u3046\u3044\u3046\u4f01\u696d\u3092\u6f70\u3057\u3066\u3057\u307e\u308f\u306a\u3051\u308c\u3070\u554f\u984c\u306f\u89e3\u6c7a\u3055\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3082\u3001\u4e2d\u592e\u9280\u884c\u304c\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u76ee\u6307\u3059\u3053\u3068\u81ea\u4f53\u304c\u9593\u9055\u3044\u3060\u3068\u4e3b\u5f35\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\/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><strong>\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306e\u672a\u6765<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u4eca\u306e\u6642\u4ee3\u3067\u306f\u4f4e\u91d1\u5229\u3068\u73fe\u91d1\u7d66\u4ed8\u3067\u666f\u6c17\u5f8c\u9000\u3092\u907f\u3051\u3088\u3046\u3068\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u666f\u6c17\u5f8c\u9000\u304c\u907f\u3051\u3089\u308c\u308b\u306a\u3089\u4f55\u304c\u60aa\u3044\u306e\u304b\uff1f\u3000\u305d\u308c\u3092\u7d9a\u3051\u3066\u3086\u304f\u3068\u3069\u3046\u306a\u308b\u306e\u304b\uff1f\u3000\u30ac\u30f3\u30c9\u30e9\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>\u305d\u308c\u306f\u4eca\u306e\u6642\u4ee3\u3078\u306e\u6559\u8a13\u306e\u3088\u3046\u306b\u601d\u3048\u308b\u3002\u308f\u305f\u3057\u306e40\u5e74\u306e\u30ad\u30e3\u30ea\u30a2\u306e\u4e2d\u3067\u3001\u7d4c\u6e08\u554f\u984c\u304c\u8d77\u304d\u308b\u5ea6\u306b\u554f\u984c\u306f\u5897\u5e45\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u666f\u6c17\u5f8c\u9000\u306f\u8d77\u304d\u308b\u5ea6\u306b\u524d\u306e\u3082\u306e\u3088\u308a\u3082\u9177\u304f\u306a\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u306f\u5076\u7136\u3067\u306f\u306a\u3044\u3002\u666f\u6c17\u5f8c\u9000\u3092\u9060\u3056\u3051\u3088\u3046\u3068\u3059\u308b\u304b\u3089\u3060\u3002\u305d\u3057\u3066\u6c38\u9060\u306e\u7f36\u8e74\u308a\u304c\u7d9a\u3044\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>2008\u5e74\u306e\u666f\u6c17\u5f8c\u9000\u3067\u308f\u308c\u308f\u308c\u304c\u3084\u3063\u305f\u306e\u306f\u3001\u6052\u5e38\u7684\u306a\u30bc\u30ed\u91d1\u5229\u3084\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u3060\u3002\u3042\u308c\u306f\u9177\u3044\u653f\u7b56\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u4eca\u3067\u306f\u666f\u6c17\u304c\u60aa\u304f\u306a\u3044\u3068\u3055\u308c\u3066\u3044\u308b\u306e\u306b2\u5146\u30c9\u30eb\u306e\u8ca1\u653f\u8d64\u5b57\u3092\u5782\u308c\u6d41\u3057\u3066\u3044\u308b\u3002\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308c\u3070\u8ca1\u653f\u8d64\u5b57\u306f\u3082\u3063\u3068\u4e0a\u304c\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u666f\u6c17\u5f8c\u9000\u304c\u8d77\u304d\u308b\u5ea6\u306b\u7de9\u548c\u653f\u7b56\u306f\u904e\u6fc0\u306b\u306a\u3063\u3066\u3044\u308b\u30022008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u306f\u30bc\u30ed\u91d1\u5229\u3068\u91cf\u7684\u7de9\u548c\u3060\u3063\u305f\u30022020\u5e74\u306e\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\u3067\u306f\u305d\u308c\u304c\u73fe\u91d1\u7d66\u4ed8\u306b\u4ee3\u308f\u308a\u3001\u305d\u3057\u3066\u4e16\u754c\u4e2d\u306b\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306f\u969b\u9650\u306a\u304f\u5897\u3048\u7d9a\u3051\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\/08\/2023-us-budget-deficit-to-gdp-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/08\/2023-us-budget-deficit-to-gdp-chart.png\" alt=\"\" class=\"wp-image-52698\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/08\/2023-us-budget-deficit-to-gdp-chart.png 450w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/08\/2023-us-budget-deficit-to-gdp-chart-290x300.png 290w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306e\u884c\u304d\u3064\u304f\u5148<\/strong><\/p>\n\n\n\n<p>\u3053\u308c\u304b\u3089\u3082\u305d\u308c\u304c\u7d9a\u304f\u3068\u3059\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306e\u526f\u4f5c\u7528\u3082\u307e\u305f\u904e\u6fc0\u5316\u3057\u3066\u3086\u304f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u91d1\u7d66\u4ed8\u306e\u526f\u4f5c\u7528\u304c\u30a4\u30f3\u30d5\u30ec\u306a\u3089\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u526f\u4f5c\u7528\u306f\u91d1\u5229\u4e0a\u6607\u3067\u3042\u308b\u3002\u653f\u5e9c\u306f\u8d64\u5b57\u306b\u306a\u3063\u305f\u5206\u3092\u56fd\u50b5\u767a\u884c\u3067\u88dc\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3001\u8d64\u5b57\u304c\u5897\u3048\u308c\u3070\u56fd\u50b5\u767a\u884c\u304c\u5897\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u56fd\u50b5\u5e02\u5834\u3067\u56fd\u50b5\u306e\u4f9b\u7d66\u304c\u5897\u3048\u308c\u3070\u3001\u9700\u8981\u3068\u4f9b\u7d66\u306e\u95a2\u4fc2\u304b\u3089\u56fd\u50b5\u306e\u4fa1\u683c\u306f\u4e0b\u843d\u3059\u308b\u3002\u305d\u3057\u3066\u50b5\u5238\u306e\u4fa1\u683c\u4e0b\u843d\u306f\u91d1\u5229\u4e0a\u6607\u3092\u610f\u5473\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u3001\u91d1\u878d\u5e02\u5834\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u5927\u7d71\u9818\u9078\u6319\u306b\u5411\u3051\u3066\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u91d1\u5229\u304c\u4e0a\u6607\u3092\u958b\u59cb\u3057\u3066\u3044\u308b\u3002\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u3082\u30a2\u30e1\u30ea\u30ab\u3067\u3082\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u4e0a\u6607\u306e\u7406\u7531\u306b\u3064\u3044\u3066\u3001\u50b5\u52d9\u304c\u61f8\u5ff5\u3055\u308c\u59cb\u3081\u3066\u3044\u308b\u306e\u3060\u3068\u4eba\u3005\u306f\u8a71\u3057\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u3082\u30cf\u30ea\u30b9\u6c0f\u3082\u8ca1\u653f\u8d64\u5b57\u3092\u6c17\u306b\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u306f\u898b\u3048\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002\u91d1\u878d\u5e02\u5834\u306f\u56fd\u50b5\u306e\u4f9b\u7d66\u904e\u591a\u3092\u6c17\u306b\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3092\u65e9\u304f\u3082\u4eca\u5e74\u306e2\u6708\u306b\u306f\u61f8\u5ff5\u3057\u3066\u3044\u305f\u306e\u304c\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u3067\u3042\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 (2024\/2\/24)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u306e\u4e88\u60f3\u901a\u308a\u3001\u65b0\u5927\u7d71\u9818\u306e\u3070\u3089\u6492\u304d\u304c\u8ca1\u653f\u8d64\u5b57\u3068\u30a4\u30f3\u30d5\u30ec\u3092\u60aa\u5316\u3055\u305b\u308b\u3060\u308d\u3046\u3002\u4e00\u65b9\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3057\u3066\u3044\u308b\u306e\u3060\u304c\u3001\u91d1\u5229\u306f\u305d\u308c\u3092\u6c17\u306b\u3057\u3066\u3044\u306a\u3044\u3088\u3046\u306b\u3082\u898b\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u666f\u6c17\u304c\u6e1b\u901f\u3057\u3066\u3082\u91d1\u5229\u306f\u4e0b\u304c\u3089\u306a\u3044\u306e\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u3053\u308c\u307e\u3067\u306e\u7d4c\u9a13\u306f\u5f79\u306b\u7acb\u305f\u306a\u3044\u3002<\/p>\n\n\n\n<p>2021\u5e74\u307e\u3067\u306e40\u5e74\u9593\u3001\u91d1\u5229\u306f\u4e0b\u304c\u308a\u7d9a\u3051\u305f\u3002\u77ed\u671f\u7684\u306b\u306f\u4e0a\u304c\u3063\u305f\u6642\u3082\u3042\u3063\u305f\u304c\u3001\u9577\u671f\u7684\u306b\u306f15%\u304b\u30890.2%\u307e\u3067\u4e0b\u843d\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u306e\u3088\u3046\u306a\u91d1\u5229\u4f4e\u4e0b\u306f\u3082\u3046\u8d77\u3053\u3089\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u7279\u306b\u61f8\u5ff5\u3059\u308b\u306e\u306f\u3001\u6b21\u306e\u666f\u6c17\u5f8c\u9000\u6642\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u3082\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\u3067\u3082\u3001\u666f\u6c17\u5f8c\u9000\u306b\u306a\u308c\u3070\u4e2d\u592e\u9280\u884c\u306f\u91d1\u5229\u3092\u4e0b\u3052\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<p>\u6b21\u306e\u666f\u6c17\u5f8c\u9000\u3067\u3082\u3001\u653f\u7b56\u91d1\u5229\u306f\u7121\u7406\u77e2\u7406\u306b\u3067\u3082\u4e0b\u3052\u3089\u308c\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u3060\u304c\u56fd\u50b5\u306e\u9700\u7d66\u3068\u30a4\u30f3\u30d5\u30ec\u306b\u53cd\u5fdc\u3057\u3066\u52d5\u304f\u9577\u671f\u56fd\u50b5\u306e\u91d1\u5229\u306f\u3069\u3046\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u5927\u91cf\u306e\u56fd\u50b5\u767a\u884c\u3068\u30a4\u30f3\u30d5\u30ec\u306e\u61f8\u5ff5\u306b\u8010\u3048\u3089\u308c\u308b\u306e\u3060\u308d\u3046\u304b\u3002\u50b5\u5238\u306e\u5c02\u9580\u5bb6\u3067\u3042\u308b\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u6b21\u306e\u666f\u6c17\u5f8c\u9000\u3078\u306e\u653f\u5e9c\u306e\u5bfe\u5fdc\u306b\u3064\u3044\u3066\u6050\u308d\u3057\u3044\u3053\u3068\u3092\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>\u4eba\u3005\u306f\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306b\u61f8\u5ff5\u3092\u62b1\u3044\u3066\u3044\u308b\u3002\u6b21\u306b\u666f\u6c17\u5f8c\u9000\u304c\u6765\u305f\u3068\u304d\u3001\u3044\u3064\u3082\u306e\u3084\u308a\u65b9\u4ee5\u5916\u306e\u4f55\u304c\u8d77\u304d\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u3044\u3064\u3082\u306e\u3084\u308a\u65b9\u3068\u306f\u91d1\u5229\u3092\u4e0b\u3052\u3066\u501f\u91d1\u3092\u5927\u91cf\u306b\u5897\u3084\u3059\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u6b21\u306b\u666f\u6c17\u5f8c\u9000\u304c\u6765\u305f\u3068\u304d\u3001\u4eba\u3005\u306f\u8cc7\u91d1\u3092\u8abf\u9054\u3067\u304d\u306a\u3044\u3053\u3068\u306b\u6c17\u3065\u304f\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u7c73\u56fd\u50b5\u306e\u9700\u7d66\u304c\u7834\u7dbb\u3059\u308b\u3053\u3068\u3092\u61f8\u5ff5\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u306b\u56fd\u50b5\u306e\u4e0b\u843d\u306b\u65e2\u306b\u8ced\u3051\u3066\u3044\u308b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3082\u591a\u3044\u3002\u904b\u547d\u306e\u5927\u7d71\u9818\u9078\u6319\u304c\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\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\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/55613\" data-type=\"post\" data-id=\"55613\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u7c73\u56fd\u304c0.5%\u5229\u4e0b\u3052\u3092\u3057\u305f\u65e5\u306b\u7c73\u56fd\u50b5\u3092\u7a7a\u58f2\u308a\u3057\u305f<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u30aa\u30eb\u30d6\u30e9\u30a4\u30c8\u30fb\u30ce\u30c3\u30af\u30b9\u7f8e\u8853\u9928\u3067\u4e16\u754c\u7684\u306a\u91d1\u5229\u52d5\u5411\u3068\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3001\u305d\u3057\u3066\u91d1\u4fa1\u683c\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\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":[118,108],"tags":[131],"class_list":["post-55934","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55934","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=55934"}],"version-history":[{"count":41,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55934\/revisions"}],"predecessor-version":[{"id":55977,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/55934\/revisions\/55977"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=55934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=55934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=55934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}