{"id":60192,"date":"2025-02-21T20:00:00","date_gmt":"2025-02-21T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=60192"},"modified":"2025-02-21T14:45:38","modified_gmt":"2025-02-21T05:45:38","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%ae%e5%82%b5%e5%8b%99%e5%8d%b1%e6%a9%9f%e3%80%81%e6%ac%a1%e3%81%ae%e6%99%af%e6%b0%97%e5%be%8c","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/60192","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u5371\u6a5f\u3001\u6b21\u306e\u666f\u6c17\u5f8c\u9000\u3067\u7c73\u56fd\u50b5\u306f\u30c7\u30d5\u30a9\u30eb\u30c8\u3059\u308b\u53ef\u80fd\u6027"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u30c8\u30cb\u30fc\u30fb\u30ed\u30d3\u30f3\u30ba\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30012025\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u5371\u6a5f\u3068\u5b9f\u4f53\u7d4c\u6e08\u306e\u95a2\u4fc2\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u9ad8\u91d1\u5229\u306e\u6642\u4ee3<\/strong><\/p>\n\n\n\n<p>\u4e16\u754c\u7d4c\u6e08\u306b\u3068\u3063\u3066\u3001\u30b3\u30ed\u30ca\u524d\u3068\u30b3\u30ed\u30ca\u5f8c\u306e\u5927\u304d\u306a\u9055\u3044\u306f\u91d1\u5229\u3067\u3042\u308b\u3002\u30b3\u30ed\u30ca\u524d\u307e\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306b\u3088\u308b\u4f4e\u91d1\u5229\u306e\u6642\u4ee3\u3060\u3063\u305f\u304c\u3001\u30b3\u30ed\u30ca\u5f8c\u306f\u30a4\u30f3\u30d5\u30ec\u3067\u9ad8\u91d1\u5229\u306e\u6642\u4ee3\u306b\u306a\u3063\u305f\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>\u3042\u306a\u305f\u306e\u3053\u308c\u307e\u3067\u306e\u5e38\u8b58\u306f\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u74b0\u5883\u4e0b\u3067\u306e\u307f\u8d77\u3053\u3063\u305f\u3053\u3068\u3060\u3002\u3060\u304b\u3089\u91d1\u5229\u304c\u4e0a\u304c\u308a\u59cb\u3081\u308b\u3068\u3001\u72b6\u6cc1\u306f\u5b8c\u5168\u306b\u5909\u308f\u308b\u3002\u305d\u3057\u3066\u305d\u308c\u304c\u59cb\u307e\u3063\u3066\u3044\u308b\u30022022\u5e74\u304b\u3089\u91d1\u5229\u306f\u4e0a\u304c\u308a\u59cb\u3081\u3066\u3044\u308b\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u91d1\u5229\u306f\u3082\u3046\u4e8c\u5ea6\u30682016\u5e74\u304b\u30892020\u5e74\u307e\u3067\u306e\u6c34\u6e96\u306b\u306f\u3082\u3046\u623b\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u91d1\u5229\u306f\u91d1\u878d\u5e02\u5834\u5168\u4f53\u306e\u5c4b\u53f0\u9aa8\u3060\u3068\u8a00\u3063\u3066\u3044\u305f\u3002\u3060\u304b\u3089\u91d1\u5229\u306e\u30c8\u30ec\u30f3\u30c9\u306e\u5909\u5316\u306f\u3001\u91d1\u878d\u5e02\u5834\u5168\u4f53\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u30b3\u30ed\u30ca\u524d\u306e\u91d1\u5229\u4f4e\u4e0b\u306f\u7c73\u56fd\u682a\u306e\u4f55\u5341\u5e74\u3082\u306e\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\u3092\u652f\u3048\u3066\u304d\u305f\u306e\u3060\u304b\u3089\u3001\u305d\u308c\u304c\u9006\u8ee2\u3059\u308c\u3070\u682a\u4fa1\u306f\u3069\u3046\u306a\u308b\u306e\u304b\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\/59714\" data-type=\"post\" data-id=\"59714\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u30012025\u5e74\u306e\u682a\u4fa1\u5927\u66b4\u843d\u3092\u4e88\u60f3\u304b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306e\u554f\u984c<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u91d1\u5229\u306e\u4e00\u756a\u5927\u304d\u306a\u5f71\u97ff\u306f\u682a\u4fa1\u306b\u95a2\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002\u305d\u308c\u3067\u3055\u3048\u3082\u4e00\u756a\u91cd\u8981\u306a\u3053\u3068\u306b\u6bd4\u3079\u308c\u3070\u4e9b\u4e8b\u3067\u3042\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>\u7d4c\u6e08\u304c\u6e1b\u901f\u3059\u308b\u3068\u304d\u3001\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u5371\u6a5f\u7684\u72b6\u6cc1\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306f\u305f\u3063\u305f3\u5e74\u524d\u3068\u6bd4\u3079\u3066\u5927\u304d\u304f\u4e0a\u304c\u3063\u3066\u3044\u308b\u30023\u5e74\u524d\u306b\u306f\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306f\u5e74\u95933,000\u5104\u30c9\u30eb\u3060\u3063\u305f\u3002\u4eca\u3067\u306f1.4\u5146\u30c9\u30eb\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u306e\u91d1\u984d\u306f\u3001GDP\u6bd4\u3067\u306f4%\u306b\u9054\u3057\u3088\u3046\u3068\u3057\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\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"513\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart.png\" alt=\"\" class=\"wp-image-59997\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/02\/2024-4q-us-federal-government-interest-payments-to-gdp-chart-300x257.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306fGDP\u306e7%\u7a0b\u5ea6\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u4ee5\u4e0a\u304c\u3082\u306f\u3084\u501f\u91d1\u306e\u5229\u6255\u3044\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u5371\u6a5f<\/strong><\/p>\n\n\n\n<p>\u653f\u6cbb\u5bb6\u304c\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306b\u3088\u3063\u3066\u5897\u3084\u3057\u7d9a\u3051\u3066\u304d\u305f\u653f\u5e9c\u50b5\u52d9\u306f\u3001\u4f4e\u91d1\u5229\u653f\u7b56\u304c\u7d9a\u3051\u3089\u308c\u308b\u9650\u308a\u4f55\u306e\u5bb3\u3082\u306a\u3044\u3088\u3046\u306b\u898b\u3048\u305f\u304c\u3001\u5f7c\u3089\u304c\u898b\u9003\u3057\u3066\u3044\u305f\u306e\u306f\u4f4e\u91d1\u5229\u653f\u7b56\u306f\u3044\u305a\u308c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3059\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\/33890\" data-type=\"post\" data-id=\"33890\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f: \u91cf\u7684\u7de9\u548c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u501f\u91d1\u306e\u5229\u6255\u3044\u3092\u65b0\u305f\u306a\u501f\u91d1\u306b\u3088\u3063\u3066\u652f\u6255\u3046\u3088\u3046\u306b\u306a\u308b\u3002\u3060\u304c\u305d\u308c\u304c\u66f4\u306a\u308b\u5229\u6255\u3044\u3092\u751f\u3080\u3002<\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u72b6\u6cc1\u304c\u3053\u3053\u304b\u3089\u66f4\u306b\u60aa\u304f\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u91d1\u5229\u304c\u4f4e\u304b\u3063\u305f\u9803\u306b\u767a\u884c\u3055\u308c\u305f\u7c73\u56fd\u50b5\u306b\u671f\u9650\u304c\u6765\u308b\u3068\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u4eca\u306e\u9ad8\u91d1\u5229\u3067\u501f\u308a\u63db\u3048\u3092\u884c\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u304b\u3089\u3067\u3042\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>\u91d1\u5229\u304c1%\u3060\u3063\u305f\u5927\u91cf\u306e\u7c73\u56fd\u50b5\u306b\u671f\u9650\u304c\u6765\u3066\u30014.5%\u306e\u65b0\u305f\u306a\u7c73\u56fd\u50b5\u306b\u501f\u308a\u63db\u3048\u3089\u308c\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u307e\u307e\u3067\u306f\u7a0e\u53ce\u306e\u3059\u3079\u3066\u304c\u5229\u6255\u3044\u3067\u6d88\u3048\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30b3\u30ed\u30ca\u524d\u306e\u30c7\u30d5\u30ec\u306e\u6642\u4ee3\u306a\u3089\u3070\u3001\u4e2d\u592e\u9280\u884c\u304c\u7d19\u5e63\u3092\u5370\u5237\u3057\u3066\u56fd\u50b5\u3092\u8cb7\u3044\u5165\u308c\u308c\u3070\u826f\u304b\u3063\u305f\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3063\u3066\u3057\u307e\u3063\u305f\u4eca\u3067\u306f\u3001\u7d19\u5e63\u5370\u5237\u3092\u3059\u308c\u3070\u30a4\u30f3\u30d5\u30ec\u304c\u60aa\u5316\u3059\u308b\u3002\u4f55\u4eba\u304b\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u305d\u308c\u3092\u61f8\u5ff5\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\/55497\" data-type=\"post\" data-id=\"55497\">\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u304c\u30a4\u30f3\u30d5\u30ec\u518d\u71c3\u4e88\u60f3\u3001\u30b4\u30fc\u30eb\u30c9\u3068\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u3068Nasdaq\u3092\u63a8\u5968<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/56299\" data-type=\"post\" data-id=\"56299\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u7c73\u56fd\u306e\u91d1\u5229\u304c7%\u307e\u3067\u4e0a\u304c\u308b\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u4e2d\u592e\u9280\u884c\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u5371\u6a5f\u3092\u89e3\u6c7a\u3059\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\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\/57900\" data-type=\"post\" data-id=\"57900\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u4e2d\u592e\u9280\u884c\u306f\u3044\u305a\u308c\u7de9\u548c\u80fd\u529b\u3092\u5931\u3046<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u5371\u6a5f\u3068\u66f8\u3044\u305f\u304c\u3001\u305d\u308c\u306f\u8a00\u3044\u3059\u304e\u3060\u3001\u8ab0\u3082\u305d\u3053\u307e\u3067\u9a12\u3044\u3067\u306a\u3044\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u8aad\u8005\u3082\u3042\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\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>\u4f55\u5146\u30c9\u30eb\u3082\u306e\u3053\u3046\u3057\u305f\u7c73\u56fd\u50b5\u306b\u671f\u9650\u304c\u6765\u308b\u3068\u304d\u3001\u30a2\u30e1\u30ea\u30ab\u56fd\u6c11\u306f\u8b70\u8ad6\u3092\u907f\u3051\u3089\u308c\u306a\u3044\u3002\u73fe\u72b6\u306e\u7a0e\u5236\u3068\u50b5\u52d9\u72b6\u6cc1\u304c\u4e21\u7acb\u3067\u304d\u306a\u304f\u306a\u308b\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u308c\u304b\u3089\u4eba\u3005\u304c\u9a12\u3050\u3068\u8a00\u3063\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u3082\u305d\u3046\u3060\u3063\u305f\u3002\u7b46\u8005\u304c\u6700\u521d\u306b\u7269\u4fa1\u9ad8\u9a30\u306e\u53ef\u80fd\u6027\u3092\u8b66\u544a\u3057\u305f\u306e\u306f2020\u5e74\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11801\" data-type=\"post\" data-id=\"11801\">\u91d1\u878d\u5e02\u5834\u306b\u30a4\u30f3\u30d5\u30ec\u306e\u5146\u3057: \u91d1\u3001\u539f\u6cb9\u3001\u7a40\u7269\u4fa1\u683c\u304c\u9ad8\u9a30 (2020\/10\/14)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u4eba\u3005\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u9a12\u304e\u59cb\u3081\u305f\u306e\u306f2022\u5e74\u306b\u306a\u3063\u3066\u304b\u3089\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u3082\u540c\u3058\u3067\u3042\u308b\u3002\u591a\u5c11\u306e\u30e9\u30b0\u304c\u3042\u308b\u3060\u3051\u3060\u3002\u3060\u304c\u5b89\u5fc3\u3057\u3066\u307b\u3057\u3044\u3002\u3059\u3050\u306b\u4eba\u3005\u3082\u9a12\u3050\u3088\u3046\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u6b21\u306b\u666f\u6c17\u5f8c\u9000\u306b\u5165\u308b\u6642\u3001\u72b6\u6cc1\u306f\u9177\u304f\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>\u6b74\u53f2\u7684\u306b\u306f\u3001\u666f\u6c17\u5f8c\u9000\u6642\u306b\u306f\u8ca1\u653f\u8d64\u5b57\u306fGDP\u306e4%\u307b\u3069\u5897\u52a0\u3059\u308b\u3002\u76f4\u8fd13\u56de\u306e\u666f\u6c17\u5f8c\u9000\u3067\u306f\u30b3\u30ed\u30ca\u798d\u306e\u305f\u3081\u306b9%\u306e\u5897\u52a0\u304c\u5e73\u5747\u3060\u3002<\/p>\n\n\n\n<p>\u6b21\u306e\u666f\u6c17\u5f8c\u9000\u3067\u306f\u4eee\u306b\u305d\u306e\u9593\u306e6%\u307b\u3069\u306e\u5897\u52a0\u306b\u306a\u308b\u3068\u3057\u3088\u3046\u3002\u8ca1\u653f\u8d64\u5b57\u306fGDP\u306e12%\u304b13%\u306b\u306a\u308b\u3002\u3053\u308c\u306f\u5371\u6a5f\u7684\u3060\u3002\u4e0d\u53ef\u80fd\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304b\u3089\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u7c73\u56fd\u653f\u5e9c\u304c\u7d50\u5c40\u501f\u91d1\u3092\u6255\u3044\u304d\u308c\u306a\u3044\u53ef\u80fd\u6027\u3092\u6307\u6458\u3057\u3066\u3044\u308b\u3002\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>\u5229\u6255\u3044\u306b\u5bfe\u5fdc\u3059\u308b\u305f\u3081\u306b\u7c73\u56fd\u50b5\u304c\u518d\u7de8\u3055\u308c\u308b\u3053\u3068\u3082\u6709\u308a\u5f97\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u304c\u50b5\u52d9\u3068\u30a4\u30f3\u30d5\u30ec\u3067\u7834\u7dbb\u306b\u5411\u304b\u3063\u3066\u3086\u304f\u3053\u306e\u30b7\u30ca\u30ea\u30aa\u306f\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\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\u8a73\u3057\u304f\u4e88\u60f3\u3057\u3066\u3044\u308b\u30b7\u30ca\u30ea\u30aa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u9a5a\u304f\u3079\u304d\u3053\u3068\u306b\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u306e\u672c\u3092\u30b3\u30ed\u30ca\u5f8c\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u524d\u306b\u66f8\u304d\u59cb\u3081\u305f\u3002\u5404\u56fd\u653f\u5e9c\u304c\u73fe\u91d1\u7d66\u4ed8\u3092\u884c\u306a\u3063\u305f\u6642\u70b9\u3067\u305d\u3053\u307e\u3067\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u898b\u901a\u3057\u3066\u3044\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u307e\u3067\u306f\u304d\u3063\u3061\u308a\u30c0\u30ea\u30aa\u6c0f\u306e\u30b7\u30ca\u30ea\u30aa\u901a\u308a\u306b\u6765\u3066\u3044\u308b\u3002\u3053\u308c\u304b\u3089\u3082\u305d\u3046\u306a\u308b\u306e\u3060\u308d\u3046\u304b\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\u304c\u30c8\u30cb\u30fc\u30fb\u30ed\u30d3\u30f3\u30ba\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30012025\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u5371\u6a5f\u3068\u5b9f\u4f53\u7d4c\u6e08\u306e\u95a2\u4fc2\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-60192","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\/60192","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=60192"}],"version-history":[{"count":53,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/60192\/revisions"}],"predecessor-version":[{"id":60250,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/60192\/revisions\/60250"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=60192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=60192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=60192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}