{"id":62736,"date":"2025-04-04T20:00:00","date_gmt":"2025-04-04T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=62736"},"modified":"2025-04-04T14:20:18","modified_gmt":"2025-04-04T05:20:18","slug":"%e3%83%ad%e3%83%bc%e3%82%bc%e3%83%b3%e3%83%90%e3%83%bc%e3%82%b0%e6%b0%8f-%e3%83%88%e3%83%a9%e3%83%b3%e3%83%97%e5%a4%a7%e7%b5%b1%e9%a0%98%e3%81%ae%e9%96%a2%e7%a8%8e%e7%99%ba%e8%a1%a8%e3%81%a7%e6%a0%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/62736","title":{"rendered":"\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u95a2\u7a0e\u767a\u8868\u3067\u682a\u4fa1\u66b4\u843d\u306f\u52a0\u901f\u3059\u308b"},"content":{"rendered":"\n<p>Rosenberg Research\u5275\u696d\u8005\u306e\u30c7\u30a4\u30f4\u30a3\u30c3\u30c9\u30fb\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u3068\u7c73\u56fd\u682a\u306e\u5927\u5e45\u4e0b\u843d\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306e\u682a\u5b89\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u3068\u8a00\u3048\u3070\u3001\u53bb\u5e74\u306e\u672b\u306b\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3092\u9177\u8a55\u3057\u3066\u3044\u305f\u30a2\u30ca\u30ea\u30b9\u30c8\u3067\u3042\u308b\u3002\u5f7c\u306f\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u304c\u7c73\u56fd\u50b5\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3068\u540c\u3058\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u6307\u6458\u3057\u3066\u3001\u300c\u7c73\u56fd\u682a\u306f\u7121\u30ea\u30b9\u30af\u8cc7\u7523\u304b\u300d\u3068\u76ae\u8089\u3092\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/57536\" data-type=\"post\" data-id=\"57536\">\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u3001\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3092\u9177\u8a55<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3069\u306e\u3088\u3046\u306a\u7406\u6027\u7684\u306a\u4eba\u9593\u304c22\u500d\u308423\u500d\u306e\u682a\u4fa1\u53ce\u76ca\u7387\u306e\u682a\u5f0f\u306b\u6295\u8cc7\u3092\u3059\u308b\u3093\u3060\uff1f\u3000\u682a\u5f0f\u306b\u306f\u30ea\u30b9\u30af\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u306a\u3044\u3002\u682a\u5f0f\u306e\u5229\u56de\u308a\u306f3\u30f6\u6708\u7269\u306e\u7c73\u56fd\u50b5\u306e\u5229\u56de\u308a\u3068\u540c\u3058\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3067\u682a\u9ad8\u3092\u4e88\u60f3\u3059\u308b\u4eba\u304c\u591a\u304b\u3063\u305f\u4e2d\u3067\u3001\u307b\u3068\u3093\u3069\u5f7c\u3060\u3051\u304c\u5f31\u6c17\u6d3e\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p><strong>\u76f8\u4e92\u95a2\u7a0e\u3067\u682a\u4fa1\u6025\u843d<\/strong><\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3069\u3046\u306a\u3063\u305f\u304b\u3002\u898b\u4e8b\u306b\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u682a\u4fa1\u306f\u4e0b\u843d\u3059\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>4\u67082\u65e5\u3001\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u65e5\u672c\u3084\u30e8\u30fc\u30ed\u30c3\u30d1\u8af8\u56fd\u306a\u3069\u306b\u5bfe\u3059\u308b\u76f8\u4e92\u95a2\u7a0e\u306e\u7a0e\u7387\u3092\u767a\u8868\u3057\u305f\u3002\u3053\u308c\u307e\u3067\u8105\u3057\u3068\u3057\u3066\u4f7f\u308f\u308c\u3066\u3044\u305f\u95a2\u7a0e\u304c\u3001\u5b9f\u969b\u306b\u5b9f\u884c\u3055\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3092\u53d7\u3051\u3066\u682a\u4fa1\u304c\u6025\u843d\u3057\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u4fa1\u6307\u6570\u3067\u3042\u308bS&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u306f\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\/2025\/04\/2025-4-4-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"551\" height=\"494\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-4-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-62751\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-4-s-and-p-500-chart.png 551w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-4-s-and-p-500-chart-300x269.png 300w\" sizes=\"auto, (max-width: 551px) 100vw, 551px\" \/><\/a><\/figure>\n\n\n\n<p>\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306e\u3070\u3089\u6492\u304d\u3067\u7c73\u56fd\u682a\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u3066\u3044\u305f\u304b\u3089\u3001\u3053\u3046\u3044\u3046\u52d5\u304d\u306f\u4e45\u3057\u3076\u308a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u682a\u4fa1\u306f\u53cd\u767a\u3059\u308b\u306e\u304b\uff1f<\/strong><\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u95a2\u7a0e\u306b\u3064\u3044\u3066\u8a71\u3057\u59cb\u3081\u3066\u304b\u3089\u682a\u4fa1\u306f\u4e0b\u304c\u3063\u3066\u3044\u308b\u304c\u3001\u5148\u6708\u306b\u306f\u4e00\u6642\u7684\u306b\u53cd\u767a\u3059\u308b\u5834\u9762\u3082\u3042\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u307e\u3067\u8105\u3057\u3060\u3063\u305f\u95a2\u7a0e\u304c4\u67082\u65e5\u306e\u767a\u8868\u3092\u3082\u3063\u3066\u73fe\u5b9f\u306e\u3082\u306e\u3068\u306a\u308b\u3053\u3068\u3067\u3001\u6295\u8cc7\u5bb6\u306f4\u67082\u65e5\u304c\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u3069\u3046\u3044\u3046\u7bc0\u76ee\u306b\u306a\u308b\u306e\u304b\u3092\u6c17\u306b\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u305f\u3061\u304c\u60f3\u5b9a\u3057\u3066\u3044\u308b\u30b7\u30ca\u30ea\u30aa\u306e1\u3064\u306f\u3001\u3053\u308c\u307e\u3067\u306f\u4e0d\u78ba\u5b9a\u8981\u7d20\u3060\u3063\u305f\u95a2\u7a0e\u304c4\u67082\u65e5\u306b\u73fe\u5b9f\u306e\u3082\u306e\u3068\u306a\u308a\u3001\u305d\u308c\u3067\u60aa\u6750\u6599\u51fa\u5c3d\u304f\u3057\u3068\u306a\u308c\u3070\u682a\u9ad8\u306b\u8ee2\u3058\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u682a\u5b89\u304c\u7d9a\u304f\u305f\u3081\u306b\u306f\u3001\u60aa\u3044\u30cb\u30e5\u30fc\u30b9\u304c\u7d99\u7d9a\u7684\u306b\u51fa\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u305d\u3057\u3066\u6295\u8cc7\u5bb6\u306b\u306f\u300c\u6700\u60aa\u306f\u8cb7\u3044\u300d\u3068\u3044\u3046\u8003\u3048\u65b9\u304c\u3042\u308b\u3002\u4e00\u756a\u60aa\u3044\u30cb\u30e5\u30fc\u30b9\u304c\u51fa\u305f\u3068\u3053\u308d\u304c\u682a\u4fa1\u306e\u5e95\u5024\u3067\u3042\u308a\u3001\u305d\u308c\u4ee5\u4e0a\u60aa\u3044\u30cb\u30e5\u30fc\u30b9\u304c\u51fa\u306a\u3051\u308c\u3070\u682a\u4fa1\u306f\u4e0b\u304c\u308a\u3088\u3046\u304c\u306a\u3044\u306e\u3067\u3001\u305d\u3053\u304b\u3089\u682a\u4fa1\u306f\u4e0a\u304c\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u306e\u682a\u4fa1\u53cd\u767a\u306e\u6761\u4ef6\u3092\u6e80\u305f\u3059\u305f\u3081\u306b\u306f\u3001\u60aa\u6750\u6599\u304c4\u67082\u65e5\u3067\u51fa\u5c3d\u304f\u3057\u3068\u306a\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306e\u76f8\u5834\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u3053\u306e\u898b\u65b9\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u304b\u3002\u5f7c\u306f\u6750\u6599\u51fa\u5c3d\u304f\u3057\u30b7\u30ca\u30ea\u30aa\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>\u5148\u9031\u3001\u7a7a\u58f2\u308a\u306e\u8cb7\u3044\u623b\u3057\u3067\u682a\u5f0f\u5e02\u5834\u304c\u4e00\u6642\u7684\u306b\u53cd\u767a\u3057\u305f\u3002\u4eba\u3005\u306f4\u67082\u65e5\u306b\u306a\u308c\u3070\u4e0d\u78ba\u5b9f\u6027\u304c\u6d88\u6ec5\u3059\u308b\u3001\u3068\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u305d\u3046\u306f\u306a\u3089\u306a\u3044\u3002\u305d\u306e\u5f8c\u306b\u4e0d\u78ba\u5b9f\u6027\u306e\u65b0\u305f\u306a\u6ce2\u304c\u6765\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u6750\u6599\u51fa\u5c3d\u304f\u3057\u306b\u306a\u308c\u3070\u682a\u9ad8\u306b\u306a\u308b\u53ef\u80fd\u6027\u3092\u8a8d\u3081\u305f\u4e0a\u3067\u30014\u67082\u65e5\u306f\u305d\u306e\u6a5f\u4f1a\u306b\u306f\u306a\u3089\u306a\u3044\u3068\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\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>\u8cbf\u6613\u6226\u4e89\u306f\u65b0\u305f\u306a\u5834\u6240\u306b\u79fb\u3063\u305f\u3002\u5143\u3005\u306f\u30e1\u30ad\u30b7\u30b3\u3068\u30ab\u30ca\u30c0\u3060\u3063\u305f\u304c\u3001\u65b0\u305f\u306a\u8cbf\u6613\u6226\u4e89\u306e\u76f8\u624b\u306f\u30e8\u30fc\u30ed\u30c3\u30d1\u3068\u30a2\u30b8\u30a2\u3060\u3002<\/p>\n\n\n\n<p>\u308f\u305f\u3057\u306f\u30ab\u30ca\u30c0\u4eba\u3067\u3001\u81ea\u52d5\u8eca\u3084\u9244\u92fc\u3084\u6728\u6750\u3078\u306e\u5f71\u97ff\u306f\u3069\u3046\u304b\u304c\u8a71\u984c\u306b\u306a\u3063\u3066\u3044\u305f\u3002\u30ab\u30ca\u30c0\u306f\u76f8\u4e92\u95a2\u7a0e\u3092\u53d7\u3051\u306a\u304b\u3063\u305f\u306e\u3067\u80f8\u3092\u306a\u3067\u304a\u308d\u3057\u3066\u3044\u308b\u304c\u3001\u3059\u3079\u3066\u304c\u5510\u7a81\u3067\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u6bce\u65e5\u65b9\u5411\u3092\u5909\u3048\u308b\u4e2d\u3001\u6b21\u306b\u4f55\u304c\u8d77\u304d\u308b\u304b\u8ab0\u304c\u5206\u304b\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u8aad\u3093\u3067\u3044\u308b\u672c\u5168\u4f53\u304c\u4e0d\u78ba\u5b9f\u6027\u306b\u5305\u307e\u308c\u3066\u304a\u308a\u3001\u7b2c1\u7ae0\u304c\u7d42\u308f\u3063\u3066\u7b2c2\u7ae0\u304c\u59cb\u307e\u3063\u305f\u3060\u3051\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u306f\u30014\u67082\u65e5\u3067\u6750\u6599\u51fa\u5c3d\u304f\u3057\u3068\u306a\u308b\u304b\u3069\u3046\u304b\u304c\u91cd\u8981\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u4e0d\u78ba\u5b9f\u6027\u306f\u4f55\u3082\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3067\u306f\u306a\u3044\u304b\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5f7c\u306f\u3053\u3046\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u552f\u4e00\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3053\u3068\u306f\u3001\u4e0d\u78ba\u5b9f\u6027\u3060\u3002\u305d\u308c\u3060\u3051\u304c\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u4e0d\u78ba\u5b9f\u6027\u305d\u306e\u3082\u306e\u304c\u3001\u6c11\u9593\u7d4c\u6e08\u3092\u5f62\u6210\u3059\u308b\u5bb6\u8a08\u3068\u4f01\u696d\u304c\u652f\u51fa\u3092\u6e1b\u3089\u3059\u539f\u56e0\u3068\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>1\u3064\u91cd\u8981\u306a\u3053\u3068\u3067\u3001\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u304c\u898b\u9003\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u4e0d\u78ba\u5b9f\u6027\u306e\u672c\u304c\u4f55\u7ae0\u3067\u7d42\u308f\u308b\u304b\u306f\u3001\u4e16\u754c\u7684\u306a\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3082\u3042\u308b\u30b9\u30b3\u30c3\u30c8\u30fb\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u304c\u610f\u56f3\u7684\u306b\u6c7a\u3081\u3066\u3044\u308b\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\/62175\" data-type=\"post\" data-id=\"62175\">\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u306f\u610f\u56f3\u7684\u306b\u682a\u4fa1\u3068\u91d1\u5229\u3092\u4e0b\u3052\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u307e\u305f\u3001\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306e\u4e88\u60f3\u3092\u898b\u305f\u4e0a\u3067\u3082\u30461\u3064\u91cd\u8981\u306a\u3053\u3068\u304c\u3042\u308b\u3002\u682a\u4fa1\u306b\u5f31\u6c17\u306e\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u3067\u3055\u3048\u3001\u95a2\u7a0e\u305d\u306e\u3082\u306e\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u30c0\u30e1\u30fc\u30b8\u3092\u4e0e\u3048\u308b\u3068\u306f\u4e3b\u5f35\u3057\u3066\u3044\u306a\u3044\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066Soros Fund Management\u306e\u30c9\u30fc\u30f3\u30fb\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u6c0f\u3082\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u4f3c\u305f\u3088\u3046\u306a\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/61129\" data-type=\"post\" data-id=\"61129\">\u30bd\u30ed\u30b9\u30d5\u30a1\u30f3\u30c9: \u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u682a\u4fa1\u4e0b\u843d\u3092\u6c17\u306b\u3057\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u95a2\u7a0e\u306b\u3064\u3044\u3066\u306e\u6559\u79d1\u66f8\u901a\u308a\u306e\u4e3b\u5f35\u306f\u3001\u8ca1\u52d9\u9577\u5b98\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u4f01\u696d\u304c\u4fa1\u683c\u4e0a\u6607\u5727\u529b\u3092\u5438\u53ce\u3057\u3001\u3057\u304b\u3082\u4fa1\u683c\u306e\u5909\u5316\u306f1\u56de\u304d\u308a\u306e\u3082\u306e\u3060\u3068\u3044\u3046\u3082\u306e\u3060\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u6d88\u8cbb\u8005\u3084\u4f01\u696d\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306f\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3067\u304d\u306a\u3044\u3082\u306e\u3060\u3002\u305d\u3057\u3066\u305d\u308c\u304c\u5d16\u304b\u3089\u843d\u3061\u304b\u3051\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7b46\u8005\u3082\u540c\u69d8\u3060\u304c\u3001\u512a\u308c\u305f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u3001\u8ab0\u3082\u95a2\u7a0e\u305d\u306e\u3082\u306e\u304c\u8105\u5a01\u3060\u3068\u306f\u8a00\u3063\u3066\u3044\u306a\u3044\u3002\u3080\u3057\u308d\u3001\u30e1\u30c7\u30a3\u30a2\u304c\u305d\u308c\u3092\u9a12\u304e\u7acb\u3066\u3066\u3044\u3066\u3001\u4eba\u3005\u304c\u305d\u308c\u3092\u4fe1\u3058\u3066\u3044\u308b\u3053\u3068\u304c\u7d4c\u6e08\u306b\u30c0\u30e1\u30fc\u30b8\u3092\u4e0e\u3048\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306f\u3001\u305d\u3082\u305d\u3082\u95a2\u7a0e\u306f\u3053\u306e\u554f\u984c\u306e\u672c\u8cea\u3067\u306f\u306a\u304f\u3001\u682a\u5b89\u3092\u5b9f\u969b\u306b\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u308b\u306e\u306f\u5e74\u672b\u306b\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u304c\u8a9e\u3063\u3066\u3044\u305f\u9ad8\u904e\u304e\u308b\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306e\u65b9\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/57536\" data-type=\"post\" data-id=\"57536\">\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u3001\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3092\u9177\u8a55<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u3082\u3063\u3068\u9577\u671f\u306e\u8996\u70b9\u3067\u8a00\u3048\u3070\u3001Bridgewater\u306e\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\u8aac\u660e\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u4e16\u754c\u7d4c\u6e08\u304c\u91d1\u5229\u4f4e\u4e0b\u304b\u3089\u91d1\u5229\u4e0a\u6607\u306e\u30d5\u30a7\u30a4\u30ba\u306b\u5165\u3063\u3066\u3057\u307e\u3063\u305f\u3053\u3068\u81ea\u4f53\u304c\u3001\u682a\u4fa1\u306e\u9577\u671f\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u6839\u672c\u7684\u306b\u5909\u3048\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\/59903\" data-type=\"post\" data-id=\"59903\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u91d1\u5229\u4e0a\u6607\u306e\u6642\u4ee3\u306b\u306f\u682a\u4fa1\u306f\u9577\u671f\u7684\u306b\u4e0b\u843d\u3059\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/60046\" data-type=\"post\" data-id=\"60046\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u682a\u5f0f\u306f\u30b4\u30fc\u30eb\u30c9\u306e\u3088\u3046\u306a\u30a4\u30f3\u30d5\u30ec\u30d8\u30c3\u30b8\u306b\u306f\u306a\u3089\u306a\u3044<\/a><\/li>\n<\/ul>\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>Rosenberg Research\u5275\u696d\u8005\u306e\u30c7\u30a4\u30f4\u30a3\u30c3\u30c9\u30fb\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u3068\u7c73\u56fd\u682a\u306e\u5927\u5e45\u4e0b\u843d\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":[59,111],"tags":[190],"class_list":["post-62736","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-david-rosenberg"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/62736","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=62736"}],"version-history":[{"count":95,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/62736\/revisions"}],"predecessor-version":[{"id":62832,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/62736\/revisions\/62832"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=62736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=62736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=62736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}