{"id":60294,"date":"2025-02-24T20:00:00","date_gmt":"2025-02-24T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=60294"},"modified":"2025-02-24T01:08:41","modified_gmt":"2025-02-23T16:08:41","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e5%9f%ba%e8%bb%b8%e9%80%9a%e8%b2%a8%e3%83%89%e3%83%ab%e3%81%af%e4%b8%80%e5%ba%a6%e5%b4%a9%e5%a3%8a%e3%81%97%e3%81%a6%e3%81%8b%e3%82%89","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/60294","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306f\u4e00\u5ea6\u5d29\u58ca\u3057\u3066\u304b\u3089\u518d\u751f\u3059\u308b"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u3001\u30c8\u30cb\u30fc\u30fb\u30ed\u30d3\u30f3\u30ba\u6c0f\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57<\/strong><\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u308c\u307e\u3067\u306e\u8a18\u4e8b\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u304c\u304b\u306a\u308a\u5dee\u3057\u8feb\u3063\u3066\u3044\u308b\u3068\u8ff0\u3079\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306fGDP\u306e\u7d044%\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u4ee5\u4e0a\u306b\u9054\u3057\u3066\u304a\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u305d\u306e\u501f\u91d1\u3092\u65b0\u305f\u306a\u501f\u91d1\u5897\u52a0\u306b\u3088\u3063\u3066\u8cc4\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u7c73\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u304c\u554f\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u3088\u308c\u3070\u3001\u6b21\u306b\u666f\u6c17\u5f8c\u9000\u304c\u3042\u3063\u3066\u8d64\u5b57\u304c\u66f4\u306b\u5897\u3048\u305f\u5834\u5408\u3001\u56fd\u50b5\u5e02\u5834\u306f\u767a\u884c\u3055\u308c\u308b\u56fd\u50b5\u3092\u3082\u306f\u3084\u53d7\u3051\u6b62\u3081\u304d\u308c\u306a\u304f\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/60192\" data-type=\"post\" data-id=\"60192\">\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<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u3088\u308c\u3070\u3001\u305d\u306e\u6642\u306b\u306f\u9042\u306b\u5e74\u91d1\u306b\u624b\u3092\u4ed8\u3051\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/60246\" data-type=\"post\" data-id=\"60246\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u306f5\u5e74\u4ee5\u5185\u306b\u30c7\u30d5\u30a9\u30eb\u30c8\u306e\u5371\u6a5f\u306b\u9665\u308a\u3001\u5e74\u91d1\u306f\u524a\u6e1b\u3055\u308c\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7c73\u56fd\u653f\u5e9c\u306e\u652f\u6255\u3044\u7fa9\u52d9<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u5e9c\u50b5\u52d9\u304c\u3069\u308c\u3060\u3051\u5371\u6a5f\u7684\u304b\u3092\u77e5\u308b\u305f\u3081\u306b\u306f\u3001\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u4ee5\u5916\u306b\u826f\u3044\u6570\u5b57\u304c\u3042\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>\u7c73\u56fd\u653f\u5e9c\u304c\u4eca\u5f8c\u652f\u6255\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u91d1\u984d\u3092\u8003\u3048\u308c\u3070\u3001\u73fe\u5728\u306e\u30c9\u30eb\u306e\u5f37\u3055\u306e\u307e\u307e\u652f\u6255\u3046\u3053\u3068\u306f\u30b7\u30f3\u30d7\u30eb\u306b\u4e0d\u53ef\u80fd\u3060\u3002\u8cfc\u8cb7\u529b\u304c\u8db3\u308a\u306a\u3044\u3002\u8cc7\u7523\u304c\u8db3\u308a\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u304c\u6301\u3064\u3059\u3079\u3066\u306e\u91d1\u878d\u8cc7\u7523\u3092\u5408\u308f\u305b\u3066\u3082\u3001\u7c73\u56fd\u653f\u5e9c\u306e\u652f\u6255\u3044\u7fa9\u52d9\u306b\u306f\u8db3\u308a\u306a\u3044\u3002\u3059\u3079\u3066\u306e\u91d1\u878d\u8cc7\u7523\u3060\u3002\u30a2\u30e1\u30ea\u30ab\u306b\u306f212\u5146\u30c9\u30eb\u306e\u91d1\u878d\u8cc7\u7523\u304c\u3042\u308b\u3002\u3060\u304c\u7c73\u56fd\u653f\u5e9c\u306e\u652f\u6255\u3044\u7fa9\u52d9\u306f\u305d\u308c\u3088\u308a\u3082\u5927\u304d\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u653f\u5e9c\u50b5\u52d9\u306b\u5c06\u6765\u306e\u5e74\u91d1\u306e\u652f\u6255\u3044\u306a\u3069\u3092\u5408\u308f\u305b\u305f\u7c73\u56fd\u653f\u5e9c\u306e\u8ca0\u50b5\u7dcf\u984d\u306f220\u5146\u30c9\u30eb\u3060\u3068\u6307\u6458\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u7d4c\u6e08\u5927\u56fd\u30a2\u30e1\u30ea\u30ab\u304c\u3059\u3079\u3066\u306e\u8cc7\u7523\u3092\u58f2\u308a\u6255\u3063\u3066\u3082\u3001\u7c73\u56fd\u653f\u5e9c\u306e\u501f\u91d1\u3092\u8fd4\u3059\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u3068\u901a\u8ca8\u5b89\u3067\u501f\u91d1\u3092\u8fd4\u3059<\/strong><\/p>\n\n\n\n<p>\u3082\u3046\u3053\u308c\u3060\u3051\u3067\u30c9\u30eb\u304c\u9577\u671f\u7684\u306b\u4e0b\u843d\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306f\u706b\u3092\u898b\u308b\u3088\u308a\u660e\u3089\u304b\u306a\u306e\u3067\u3042\u308b\u3002\u30c9\u30eb\u306b\u9577\u671f\u6295\u8cc7\u3057\u3066\u3044\u308b\u4eba\u306f\u8003\u3048\u305f\u65b9\u304c\u826f\u3044\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u300c\u73fe\u5728\u306e\u30c9\u30eb\u306e\u5f37\u3055\u306e\u307e\u307e\u300d\u3067\u306f\u501f\u91d1\u3092\u652f\u6255\u3048\u306a\u3044\u3068\u8a00\u3063\u3066\u3044\u308b\u3002\u88cf\u3092\u8fd4\u305b\u3070\u3001\u30c9\u30a4\u30c4\u304c\u7b2c1\u6b21\u4e16\u754c\u5927\u6226\u306e\u8ce0\u511f\u91d1\u3092\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u3067\u8fd4\u3057\u305f\u3088\u3046\u306b\u3001\u30c9\u30eb\u5efa\u3066\u306e\u501f\u91d1\u306e\u4fa1\u5024\u304c\u5927\u304d\u3059\u304e\u308b\u306a\u3089\u3070\u3001\u30c9\u30eb\u306e\u4fa1\u5024\u3092\u4e0b\u3052\u308b\u307b\u304b\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u3001\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\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\u89e3\u8aac\u3057\u3066\u3044\u308b\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u7d42\u7109\u30b7\u30ca\u30ea\u30aa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30eb\u306e\u4fa1\u5024\u306f\u5927\u5e45\u306b\u4e0b\u304c\u308a\u3001\u7c73\u56fd\u50b5\u306e\u4e00\u90e8\u306f\u30c7\u30d5\u30a9\u30eb\u30c8\u3059\u308b\u3002\u4e2d\u592e\u9280\u884c\u304c\u56fd\u50b5\u6551\u6e08\u306e\u305f\u3081\u306b\u306a\u308a\u3075\u308a\u69cb\u308f\u305a\u7d19\u5e63\u5370\u5237\u3059\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u304c\u3001\u305d\u308c\u306f\u672c\u5f53\u306e\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u30b7\u30ca\u30ea\u30aa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/57641\" data-type=\"post\" data-id=\"57641\">\u30df\u30ec\u30a4\u5927\u7d71\u9818\u3001\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u6c38\u9060\u306b\u7d9a\u3051\u308b\u3068\u3069\u3046\u306a\u308b\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30c9\u30eb\u306e\u5927\u5e45\u4e0b\u843d\u3068\u7c73\u56fd\u50b5\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u304c\u30e1\u30a4\u30f3\u30b7\u30ca\u30ea\u30aa\u3060\u308d\u3046\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>\u30c9\u30eb\u304c\u57fa\u8ef8\u901a\u8ca8\u3067\u306a\u304f\u306a\u308c\u3070\u3001\u3082\u3061\u308d\u3093\u4e2d\u671f\u7684\u306b\u306f\u7834\u6ec5\u7684\u3060\u3002<\/p>\n\n\n\n<p>\u300c\u4e00\u5ea6\u3060\u3051\u3060\u3001\u3082\u3046\u7d76\u5bfe\u306b\u3057\u306a\u3044\u300d\u306a\u3069\u3068\u8a00\u3046\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u304c\u3001\u4eba\u3005\u306f\u61d0\u7591\u7684\u306a\u76ee\u3092\u5411\u3051\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7c73\u56fd\u50b5\u304c\u30c7\u30d5\u30a9\u30eb\u30c8\u3057\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u8a00\u3063\u3066\u3044\u308b\u3088\u3046\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u8ca0\u50b5\u304c\u305d\u3082\u305d\u3082\u8fd4\u6e08\u4e0d\u53ef\u80fd\u306a\u3082\u306e\u3060\u3068\u4eba\u3005\u304c\u8a8d\u8b58\u3059\u308c\u3070\u3001\u8ab0\u3082\u30a2\u30e1\u30ea\u30ab\u306b\u304a\u91d1\u3092\u8cb8\u3055\u306a\u304f\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u501f\u91d1\u306e\u306a\u3044\u30a2\u30e1\u30ea\u30ab<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u306f\u73fe\u5728\u304b\u3089\u306f\u60f3\u50cf\u3057\u304c\u305f\u3044\u30b7\u30ca\u30ea\u30aa\u3060\u3002\u3060\u304c\u3001\u30b3\u30ed\u30ca\u524d\u307e\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u3055\u3048\u60f3\u50cf\u3057\u304c\u305f\u304b\u3063\u305f\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8003\u3048\u306f\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u308b\u3002\u4ed6\u306b\u3069\u3046\u306a\u308b\u3068\u3044\u3046\u306e\u304b\u3002<\/p>\n\n\n\n<p>\u8ab0\u3082\u30a2\u30e1\u30ea\u30ab\u306b\u304a\u91d1\u3092\u8cb8\u3055\u306a\u304f\u306a\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u501f\u91d1\u304c\u51fa\u6765\u306a\u304f\u306a\u308b\u3002\u3060\u304c\u5f85\u3063\u3066\u307b\u3057\u3044\u3002\u653f\u5e9c\u304c\u501f\u91d1\u3067\u304d\u306a\u304f\u306a\u308b\uff1f\u3000\u305d\u308c\u306f\u60aa\u3044\u3053\u3068\u306a\u306e\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u30c9\u30eb\u306e\u5927\u5e45\u4e0b\u843d\u3068\u7c73\u56fd\u50b5\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u306b\u3064\u3044\u3066\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>\u3060\u304c\u9577\u671f\u7684\u306b\u306f\u30d7\u30e9\u30b9\u3060\u3002\u8ca1\u653f\u898f\u5f8b\u3092\u5b88\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u4f55\u4e16\u4ee3\u304b\u306e\u9593\u3001\u8ab0\u3082\u30a2\u30e1\u30ea\u30ab\u306b\u91d1\u3092\u8cb8\u3057\u3066\u304f\u308c\u306a\u304f\u306a\u308b\u3002\u826f\u3044\u3053\u3068\u3060\uff01\u3000\u4f55\u4e16\u4ee3\u304b\u306e\u9593\u3001\u307e\u3068\u3082\u306a\u4e88\u7b97\u6848\u3092\u7d44\u307e\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u4f55\u3068\u826f\u3044\u3053\u3068\u3060\u308d\u3046\u3002\u307e\u3068\u3082\u306a\u8ca1\u653f\u653f\u7b56\u3002\u307e\u3068\u3082\u306a\u56fd\u5eab\u7ba1\u7406\u3002\u7d20\u6674\u3089\u3057\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u306f\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u4eba\u304c\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306e\u5f8c\u306b\u305f\u3069\u308a\u7740\u3044\u305f\u5883\u5730\u3067\u3042\u308b\u3002\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u306f\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u61f2\u308a\u305f\u5f8c\u3001\u30df\u30ec\u30a4\u5927\u7d71\u9818\u306e\u3082\u3068\u3067\u307e\u3068\u3082\u306a\u8ca1\u653f\u306e\u9053\u3092\u9032\u307f\u3064\u3064\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/57682\" data-type=\"post\" data-id=\"57682\">\u30df\u30ec\u30a4\u5927\u7d71\u9818\u3001\u653f\u5e9c\u652f\u51fa\u3092\u524a\u6e1b\u3057\u3066\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u3092\u6253\u5012\u3057\u305f\u65b9\u6cd5\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u4eba\u306f\u30cf\u30a4\u30d1\u30fc\u30a4\u30f3\u30d5\u30ec\u306b\u61f2\u308a\u305f\u304b\u3089\u305d\u308c\u304c\u51fa\u6765\u305f\u306e\u3067\u3042\u308b\u3002\u305d\u3053\u306b\u305f\u3069\u308a\u7740\u304f\u307e\u3067\u306b\u30a2\u30e1\u30ea\u30ab\u306f\u3069\u308c\u307b\u3069\u306e\u75db\u307f\u3092\u53d7\u3051\u5165\u308c\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u304b\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>\u305d\u308c\u306f\u305d\u306e\u5f8c\u6570\u4e16\u4ee3\u306b\u308f\u305f\u308b\u7e41\u6804\u306e\u6642\u4ee3\u306b\u7e4b\u304c\u308b\u3002\u3060\u304c\u305d\u306e\u524d\u306b\u975e\u5e38\u306b\u56f0\u96e3\u306a\u6642\u671f\u304c\u6765\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5358\u7d14\u306b\u6570\u5b57\u3092\u773a\u3081\u308c\u3070\u3001\u30c9\u30eb\u306e\u9577\u671f\u7684\u4e0b\u843d\u306f\u4e0d\u53ef\u907f\u3067\u3042\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3002\u554f\u984c\u306f\u30bf\u30a4\u30df\u30f3\u30b0\u3060\u304c\u3001\u30b3\u30ed\u30ca\u5f8c\u3001\u305d\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u6025\u901f\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3088\u3046\u306b\u601d\u3048\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>\u30c0\u30ea\u30aa\u6c0f\u304c\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\u4e88\u60f3\u3057\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u8987\u6a29\u306e\u7d42\u308f\u308a\u304c\u3001\u3082\u3057\u304b\u3057\u305f\u3089\u4eca\u5e74\u304b\u3089\u59cb\u307e\u308b\u306e\u304b\u3082\u3057\u308c\u306a\u3044\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>\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u308f\u305f\u3057\u304c\u8a71\u3057\u3066\u3044\u308b\u3053\u3068\u3001\u30cb\u30fc\u30eb\u30fb\u30cf\u30a6\u6c0f\u3001\u307f\u306a\u540c\u3058\u3060\u3002<\/p>\n<\/blockquote>\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>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u3001\u30c8\u30cb\u30fc\u30fb\u30ed\u30d3\u30f3\u30ba\u6c0f\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u4eca\u56de\u306f\u57fa\u8ef8\u901a\u8ca8\u30c9\u30eb\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\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":[131],"class_list":["post-60294","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-usdjpy","category-foreign-exchange-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/60294","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=60294"}],"version-history":[{"count":49,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/60294\/revisions"}],"predecessor-version":[{"id":60346,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/60294\/revisions\/60346"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=60294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=60294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=60294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}