{"id":56601,"date":"2024-11-24T20:00:00","date_gmt":"2024-11-24T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=56601"},"modified":"2024-11-24T18:31:11","modified_gmt":"2024-11-24T09:31:11","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f%e3%80%81%e9%95%b7%e6%9c%9f%e3%81%ae%e7%b1%b3%e5%9b%bd%e5%82%b5%e3%81%8b%e3%82%89%e9%80%83%e9%81%bf%e3%80%81%e3%82%a2%e3%83%a1%e3%83%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/56601","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u9577\u671f\u306e\u7c73\u56fd\u50b5\u304b\u3089\u9003\u907f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u62e1\u5927\u3067"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u3068\u50b5\u5238\u5e02\u5834\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u5229\u4e0b\u3052\u3067\u56fd\u50b5\u91d1\u5229\u4e0a\u6607<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u3002\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u7269\u4fa1\u9ad8\u9a30\u5f8c\u521d\u3081\u3066\u306e\u5229\u4e0b\u3052\u3092\u958b\u59cb\u3057\u3001\u91d1\u878d\u7de9\u548c\u3067\u30a4\u30f3\u30d5\u30ec\u518d\u52a0\u901f\u3092\u61f8\u5ff5\u3057\u305f\u91d1\u878d\u5e02\u5834\u3067\u306f\u76ae\u8089\u306a\u3053\u3068\u306b\u56fd\u50b5\u306e\u91d1\u5229\u306f\u4e0a\u6607\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u653f\u7b56\u91d1\u5229\u30682\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u3092\u4e26\u3079\u308b\u3068\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\/11\/2024-11-24-federal-funds-rate-and-us-2-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"450\" height=\"473\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/11\/2024-11-24-federal-funds-rate-and-us-2-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-56615\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/11\/2024-11-24-federal-funds-rate-and-us-2-year-treasury-bond-yield-chart.png 450w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/11\/2024-11-24-federal-funds-rate-and-us-2-year-treasury-bond-yield-chart-285x300.png 285w\" sizes=\"auto, (max-width: 450px) 100vw, 450px\" \/><\/a><\/figure>\n\n\n\n<p>\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>2\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f0.6%\u4e0a\u304c\u308a\u3001\u653f\u7b56\u91d1\u5229\u306f0.75%\u4e0b\u304c\u3063\u305f\u3002\u7d50\u679c\u3068\u3057\u3066\u653f\u7b56\u91d1\u5229\u304c2\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306b1.35%\u8fd1\u3065\u3044\u305f\u3053\u3068\u3067\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u305f\u3063\u305f2\u56de\u306e\u4f1a\u5408\u306b\u3088\u3063\u3066\u50b5\u5238\u5e02\u5834\u306e\u610f\u898b\u306b\u6b69\u307f\u5bc4\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u4e0b\u843d\u3068\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u6e1b\u901f\u3092\u4e88\u60f3\u3057\u3066\u304d\u305f\u304b\u3089\u3001\u5229\u4e0b\u3052\u306f\u4e88\u60f3\u901a\u308a\u3060\u308d\u3046\u3002\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>12\u6708\u306b\u306f\u3082\u3046\u4e00\u5ea6\u5229\u4e0b\u3052\u304c\u3042\u308b\u3060\u308d\u3046\u3002\u305d\u308c\u3067\u653f\u7b56\u91d1\u5229\u306f2\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306e\u6c34\u6e96\u306b\u4e00\u81f4\u3059\u308b\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u5229\u4e0b\u3052\u3067\u3082\u9577\u671f\u56fd\u50b5\u306f\u8cb7\u3048\u306a\u3044<\/strong><\/p>\n\n\n\n<p>\u5229\u4e0b\u3052\u306f\u884c\u308f\u308c\u3066\u304a\u308a\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u610f\u898b\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u6e1b\u901f\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/43688\" data-type=\"post\" data-id=\"43688\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f2.5%\u307e\u3067\u66f4\u306b\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u91d1\u5229\u4f4e\u4e0b\u306f\u50b5\u5238\u4fa1\u683c\u306e\u4e0a\u6607\u3092\u610f\u5473\u3059\u308b\u304b\u3089\u3001\u3053\u306e\u72b6\u6cc1\u3067\u666e\u901a\u306a\u3089\u3070\u50b5\u5238\u6295\u8cc7\u5bb6\u306f\u56fd\u50b5\u3092\u8cb7\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5c11\u306a\u304f\u3068\u3082\u9577\u671f\u306e\u56fd\u50b5\u306f\u8cb7\u3048\u306a\u3044\u3068\u3044\u3046\u3002\u305d\u306e\u7406\u7531\u306f\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306b\u3088\u308b\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u56fd\u50b5\u306e\u767a\u884c\u91cf\u304c\u3084\u3084\u9a5a\u7570\u7684\u306a\u898f\u6a21\u306b\u306a\u3063\u3066\u304d\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u904e\u53bb12\u30f6\u6708\u30672\u5146\u30c9\u30eb\u306e\u8ca1\u653f\u8d64\u5b57\u3092\u51fa\u3057\u3066\u304a\u308a\u3001\u305d\u308c\u306fGDP\u306e\u304a\u3088\u305d6%\u306b\u76f8\u5f53\u3059\u308b\u3002\u7d4c\u6e08\u6210\u9577\u304c\u7d9a\u3044\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3060\u3002<\/p>\n\n\n\n<p>\u56fd\u50b5\u306e\u5229\u6255\u3044\u306b\u3064\u3044\u3066\u306f\u3044\u3064\u3082\u8a71\u3057\u3066\u3044\u308b\u304c\u30013\u5e74\u524d\u306b\u306f\u5e74\u95933,000\u5104\u30c9\u30eb\u3060\u3063\u305f\u3002\u4eca\u3067\u306f\u5e74\u95931.3\u5146\u30c9\u30eb\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u56fd\u50b5\u304c\u767a\u884c\u3055\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u56fd\u50b5\u304c\u50b5\u5238\u5e02\u5834\u306b\u4f9b\u7d66\u3055\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u9700\u8981\u3068\u4f9b\u7d66\u306e\u95a2\u4fc2\u304b\u3089\u3001\u4f9b\u7d66\u304c\u6025\u5897\u3059\u308c\u3070\u56fd\u50b5\u306e\u4fa1\u683c\u306f\u4e0b\u843d\u3059\u308b\u3002\u3060\u304b\u3089\u591a\u304f\u306e\u8b58\u8005\u304c\u7c73\u56fd\u50b5\u306e\u4fa1\u683c\u4e0b\u843d\u3092\u8b66\u544a\u3057\u3066\u3044\u308b\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\/56192\" data-type=\"post\" data-id=\"56192\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u7c73\u56fd\u50b5\u304c\u66b4\u843d\u3059\u308b\u307e\u3067\u3042\u30681\u5e74\u306e\u53ef\u80fd\u6027<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/52859\" data-type=\"post\" data-id=\"52859\">\u30b5\u30de\u30fc\u30ba\u6c0f\u3001\u7c73\u56fd\u50b5\u306e\u66b4\u843d\u3092\u8b66\u544a<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u3082\u30461\u3064\u306e\u554f\u984c\u306f\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u306b\u3088\u3063\u3066\u5927\u91cf\u306e\u653f\u5e9c\u50b5\u52d9\u306b\u5229\u6255\u3044\u304c\u751f\u3058\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u3053\u306e\u5229\u6255\u3044\u3092GDP\u6bd4\u3067\u8a08\u7b97\u3059\u308b\u3068\u6b21\u306e\u3088\u3046\u306a\u63a8\u79fb\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\/07\/2024-2q-us-federal-government-interest-payment-to-gdp-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"448\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/07\/2024-2q-us-federal-government-interest-payment-to-gdp-chart.png\" alt=\"\" class=\"wp-image-51669\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/07\/2024-2q-us-federal-government-interest-payment-to-gdp-chart.png 448w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2024\/07\/2024-2q-us-federal-government-interest-payment-to-gdp-chart-288x300.png 288w\" sizes=\"auto, (max-width: 448px) 100vw, 448px\" \/><\/a><\/figure>\n\n\n\n<p>GDP\u306e3.8%\u7a0b\u5ea6\u3067\u3042\u308a\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306b\u8ca1\u653f\u8d64\u5b57\u81ea\u4f53\u304c6%\u7a0b\u5ea6\u3060\u304b\u3089\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u304c\u304b\u306a\u308a\u307e\u305a\u3044\u72b6\u614b\u3060\u3068\u3044\u3046\u3053\u3068\u306f\u7d20\u4eba\u3067\u3082\u5206\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u96ea\u3060\u308b\u307e\u5f0f\u306b\u5897\u3048\u308b\u653f\u5e9c\u50b5\u52d9<\/strong><\/p>\n\n\n\n<p>\u3057\u304b\u3082\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u3088\u308c\u3070\u3001\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306e\u5897\u52a0\u306f\u7559\u307e\u308b\u3068\u3053\u308d\u3092\u77e5\u3089\u306a\u3044\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u3057\u304b\u30825\u5e74\u524d\u30843\u5e74\u524d\u306b\u767a\u884c\u3055\u308c\u305f\u4f4e\u91d1\u5229\u306e\u56fd\u50b5\u304c\u5927\u91cf\u306b\u3042\u3063\u3066\u3001\u305d\u308c\u3089\u304c\u5927\u5e45\u306b\u9ad8\u3044\u4eca\u306e\u91d1\u5229\u3067\u501f\u308a\u63db\u3048\u3089\u308c\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5229\u6255\u3044\u306f\u6025\u5897\u3057\u3066\u3044\u308b\u304c\u3001\u305d\u308c\u3067\u3082\u91d1\u5229\u304c\u4f4e\u304b\u3063\u305f\u6642\u4ee3\u306b\u767a\u884c\u3055\u308c\u305f\u56fd\u50b5\u306e\u91d1\u5229\u306f\u4eca\u3067\u3082\u4f4e\u3044\u307e\u307e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u501f\u91d1\u306b\u306f\u671f\u9650\u304c\u3042\u308b\u3002\u3053\u3053\u304b\u3089\u6765\u5e74\u306b\u304b\u3051\u3066\u304b\u306a\u308a\u306e\u7c73\u56fd\u50b5\u304c\u671f\u9650\u3092\u8fce\u3048\u3001\u9ad8\u304f\u306a\u3063\u305f\u4eca\u306e\u91d1\u5229\u3067\u501f\u308a\u63db\u3048\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3059\u308c\u3070\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306f\u66f4\u306b\u5897\u3048\u3066\u3086\u304f\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u306f\u304b\u306a\u308a\u8a70\u3093\u3067\u3044\u308b\u3068\u8a00\u3063\u3066\u3044\u3044\u3002<\/p>\n\n\n\n<p><strong>\u501f\u91d1\u3092\u501f\u91d1\u3067\u8fd4\u3059\u30a2\u30e1\u30ea\u30ab<\/strong><\/p>\n\n\n\n<p>\u52ff\u8ad6\u7c73\u56fd\u653f\u5e9c\u306b\u306f\u5897\u52a0\u3059\u308b\u5229\u6255\u3044\u3092\u884c\u306a\u3046\u8cc7\u91d1\u306f\u306a\u3044\u3002\u3069\u3046\u3059\u308b\u304b\uff1f\u3000\u65b0\u305f\u306b\u56fd\u50b5\u3092\u767a\u884c\u3059\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u3069\u3046\u3057\u3088\u3046\u3082\u306a\u3044\u52e2\u3044\u3067\u5897\u52a0\u3057\u3066\u3044\u308b\u501f\u91d1\u3092\u3001\u501f\u91d1\u3067\u8fd4\u6e08\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002\u50b5\u5238\u5e02\u5834\u306b\u306f\u5927\u91cf\u306e\u7c73\u56fd\u50b5\u304c\u3070\u3089\u6492\u304b\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\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>\u305d\u308c\u306f\u50b5\u5238\u5e02\u5834\u306b\u3068\u3063\u3066\u4f9b\u7d66\u904e\u5270\u306e\u554f\u984c\u3067\u3042\u308a\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u7406\u7531\u306b\u3088\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u5f90\u3005\u306b\u6e1b\u901f\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u308f\u308c\u308f\u308c\u306f\u9577\u671f\u56fd\u50b5\u306b\u5f37\u6c17\u3067\u306f\u306a\u3044\u3002\u56fd\u50b5\u306e\u767a\u884c\u91cf\u306f\u6975\u3081\u3066\u5927\u304d\u306a\u554f\u984c\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u306f\u3069\u3046\u3057\u3066\u3044\u308b\u306e\u304b\u3002\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>\u3060\u304b\u3089\u6295\u8cc7\u5bb6\u306b\u306f\u4e2d\u671f\u306e\u56fd\u50b5\u306b\u7559\u307e\u308b\u3088\u3046\u306b\u5fe0\u544a\u3057\u3066\u3044\u308b\u300220\u5e74\u7269\u308430\u5e74\u7269\u3092\u8cb7\u3063\u3066\u306f\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u3001\u308f\u308c\u308f\u308c\u306e\u50b5\u5238\u30d5\u30a1\u30f3\u30c9\u306e\u591a\u304f\u3067\u306f\u3001\u4f55\u9031\u9593\u304b\u524d\u306b\u91d1\u5229\u304c\u4f4e\u304b\u3063\u305f\u6642\u306b\u4fdd\u6709\u56fd\u50b5\u306e\u671f\u9593\u3092\u77ed\u304f\u3057\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u554f\u984c\u306b\u5dfb\u304d\u8fbc\u307e\u308c\u305f\u304f\u306a\u3044\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u666f\u6c17\u5f8c\u9000\u6642\u306e\u91d1\u5229\u4e0a\u6607<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u307e\u3067\u306e\u8a71\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u306f\u5341\u5206\u306b\u5371\u6a5f\u7684\u306a\u306e\u3060\u304c\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u66f4\u306b\u6700\u60aa\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u60f3\u5b9a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\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>\u3053\u306e\u554f\u984c\u306f\u666f\u6c17\u6e1b\u901f\u4e2d\u306e\u91d1\u5229\u4e0a\u6607\u306b\u7e4b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u666f\u6c17\u5f8c\u9000\u3067\u306f\u666e\u901a\u91d1\u5229\u306f\u4f4e\u4e0b\u3059\u308b\u3002\u3057\u304b\u3057\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u666f\u6c17\u5f8c\u9000\u306b\u3088\u308b\u91d1\u5229\u4f4e\u4e0b\u5727\u529b\u3088\u308a\u3082\u56fd\u50b5\u306e\u767a\u884c\u904e\u591a\u306b\u3088\u3063\u3066\u56fd\u50b5\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u3001\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u53ef\u80fd\u6027\u3092\u6307\u6458\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u306a\u308c\u3070\u30a2\u30e1\u30ea\u30ab\u306f\u672c\u5f53\u306b\u7d42\u308f\u308a\u3067\u3042\u308b\u3002\u666f\u6c17\u5f8c\u9000\u6642\u306b\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070\u3001\u666f\u6c17\u5f8c\u9000\u306f\u66f4\u306b\u9177\u304f\u306a\u3063\u3066\u3086\u304f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u8457\u66f8\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\u3001\u30a2\u30e1\u30ea\u30ab\u4ee5\u524d\u306e\u8987\u6a29\u56fd\u5bb6\u3067\u3042\u308b\u5927\u82f1\u5e1d\u56fd\u3084\u30aa\u30e9\u30f3\u30c0\u6d77\u4e0a\u5e1d\u56fd\u3092\u4f8b\u306b\u6319\u3052\u3001\u6b74\u53f2\u4e0a\u306e\u5927\u56fd\u306f\u30a4\u30f3\u30d5\u30ec\u3068\u653f\u5e9c\u50b5\u52d9\u306b\u3088\u3063\u3066\u8870\u9000\u3057\u3066\u3044\u3063\u305f\u3053\u3068\u3092\u8aac\u660e\u3057\u305f\u4e0a\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u3082\u540c\u3058\u904b\u547d\u3092\u8fbf\u308b\u53ef\u80fd\u6027\u306b\u8a00\u53ca\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306b\u3053\u306e\u672c\u3092\u66f8\u304d\u59cb\u3081\u305f\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u72b6\u6cc1\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u72b6\u6cc1\u304c\u304b\u306a\u308a\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002\u6a5f\u95a2\u6295\u8cc7\u5bb6\u305f\u3061\u306f\u305d\u306e\u6e96\u5099\u3092\u3057\u3066\u3044\u308b\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>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u3068\u50b5\u5238\u5e02\u5834\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3057\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-56601","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\/56601","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=56601"}],"version-history":[{"count":41,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/56601\/revisions"}],"predecessor-version":[{"id":56643,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/56601\/revisions\/56643"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=56601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=56601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=56601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}