{"id":63500,"date":"2025-04-12T20:00:00","date_gmt":"2025-04-12T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=63500"},"modified":"2025-04-12T16:54:52","modified_gmt":"2025-04-12T07:54:52","slug":"%e3%83%89%e3%83%ab%e4%b8%8b%e8%90%bd%e3%81%ab%e3%82%88%e3%82%8b%e9%87%91%e5%88%a9%e4%b8%8a%e6%98%87%e3%81%a7%e6%a0%aa%e4%be%a1%e6%9a%b4%e8%90%bd%e3%81%af%e6%9c%ac%e7%89%a9%e3%81%ae%e3%83%96%e3%83%a9","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63500","title":{"rendered":"\u30c9\u30eb\u4e0b\u843d\u306b\u3088\u308b\u91d1\u5229\u4e0a\u6607\u3067\u682a\u4fa1\u66b4\u843d\u306f\u672c\u7269\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306b\u8fd1\u3044\u72b6\u6cc1\u306b"},"content":{"rendered":"\n<p>2025\u5e744\u6708\u306e\u682a\u4fa1\u4e0b\u843d\u3067\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3068\u3044\u3046\u8a00\u8449\u3092\u51fa\u3057\u3066\u3044\u308b\u4eba\u3082\u3044\u308b\u304c\u3001\u305d\u3046\u3044\u3046\u4eba\u3005\u306b\u306f1987\u5e74\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306f\u307e\u3063\u305f\u304f\u3082\u3063\u3066\u3053\u3093\u306a\u3082\u306e\u3067\u306f\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u8a00\u3063\u3066\u304a\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30011987\u5e74\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u304c\u4f55\u6545\u8d77\u3053\u3063\u305f\u306e\u304b\u3092\u77e5\u3063\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u306e\u4e00\u90e8\u306f\u3001\u5f53\u6642\u306e\u72b6\u6cc1\u3068\u8fd1\u3044\u72b6\u6cc1\u304c2025\u5e74\u306b\u518d\u73fe\u3055\u308c\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u6c17\u3065\u304d\u59cb\u3081\u3066\u3044\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u666e\u901a\u3067\u306f\u306a\u3044\u91d1\u5229\u4e0a\u6607<\/strong><\/p>\n\n\n\n<p>\u7b46\u8005\u304c\u4f55\u3092\u61f8\u5ff5\u3057\u3066\u3044\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u91d1\u5229\u3067\u3042\u308b\u3002\u682a\u5b89\u306e\u72b6\u6cc1\u4e0b\u3067\u91d1\u5229\u304c\u4e0a\u304c\u308a\u59cb\u3081\u305f\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\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\/04\/2025-4-12-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"551\" height=\"494\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-12-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-63505\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-12-us-10-year-treasury-bond-yield-chart.png 551w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-12-us-10-year-treasury-bond-yield-chart-300x269.png 300w\" sizes=\"auto, (max-width: 551px) 100vw, 551px\" \/><\/a><\/figure>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u8ff0\u3079\u305f\u901a\u308a\u3001\u3053\u308c\u3053\u305d\u304c\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u7406\u7531\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63454\" data-type=\"post\" data-id=\"63454\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u672c\u5f53\u306e\u7406\u7531\u306f\u682a\u4fa1\u306e\u4e0b\u843d\u3067\u306f\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u682a\u5b89\u306b\u306a\u308c\u3070\u666f\u6c17\u6e1b\u901f\u3092\u7e54\u308a\u8fbc\u3093\u3067\u91d1\u5229\u306f\u666e\u901a\u4e0b\u304c\u308b\u3082\u306e\u3067\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u6642\u306b\u3082\u91d1\u5229\u304c\u4e0a\u304c\u308b\u306a\u3069\u3068\u3044\u3046\u3053\u3068\u306f\u306a\u304b\u3063\u305f\u3002\u3053\u306e\u91d1\u5229\u4e0a\u6607\u3092\u3069\u3046\u8003\u3048\u308b\u304b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u306e\u8aad\u8005\u306f\u899a\u3048\u3066\u3044\u308b\u3060\u308d\u3046\u304c\u3001\u672c\u6765\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3079\u304d\u3067\u306f\u306a\u3044\u72b6\u6cc1\u3067\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u3044\u3046\u72b6\u6cc1\u306f\u5c11\u3057\u524d\u306b\u3082\u3042\u3063\u305f\u3002\u53bb\u5e749\u6708\u306bFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u5229\u4e0b\u3052\u3092\u958b\u59cb\u3057\u305f\u6642\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u666e\u901a\u3001\u653f\u7b56\u91d1\u5229\u3092\u4e0b\u3052\u308c\u3070\u9577\u671f\u91d1\u5229\u3082\u4e0b\u304c\u308b\u306e\u3060\u304c\u3001\u4eca\u56de\u306e\u76f8\u5834\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u518d\u52a0\u901f\u304c\u61f8\u5ff5\u3055\u308c\u30669\u6708\u304b\u3089\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u305d\u306e\u91d1\u5229\u4e0a\u6607\u306f\u7c73\u56fd\u50b5\u306e\u5371\u3046\u3055\u3092\u8868\u3057\u3066\u3044\u308b\u3068\u6307\u6458\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/58610\" data-type=\"post\" data-id=\"58610\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 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href=\"https:\/\/amzn.to\/4aeFfZ8\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u306e\u4e2d\u3067\u307e\u3055\u306b\u3053\u306e\u6642\u671f\u306e\u6295\u8cc7\u65e5\u8a18\u3092\u516c\u958b\u3057\u3066\u304a\u308a\u3001\u6b21\u306e\u3088\u3046\u306b\u30d7\u30e9\u30b6\u5408\u610f\u306e\u30c9\u30eb\u4e0b\u843d\u3067\u65e5\u672c\u5186\u3092\u8cb7\u3063\u3066\u5132\u3051\u305f\u8a71\u3092\u4f1d\u3048\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>\u308f\u308c\u308f\u308c\u306f\u8208\u596e\u306e\u6e26\u4e2d\u306b\u3042\u308b\u3002G5\u306e\u8ca1\u52d9\u76f8\u3068\u4e2d\u9280\u7dcf\u88c1\u304c\u30d7\u30e9\u30b6\u30db\u30c6\u30eb\u3067\u7dca\u6025\u4f1a\u8b70\u3092\u958b\u3044\u305f\u3002\u3053\u308c\u306f\u6b74\u53f2\u7684\u306a\u51fa\u6765\u4e8b\u3067\u3042\u308b\u3002\u4f1a\u8b70\u306f\u81ea\u7531\u306a\u5909\u52d5\u76f8\u5834\u5236\u304b\u3089\u7ba1\u7406\u3055\u308c\u305f\u5909\u52d5\u76f8\u5834\u5236\u3078\u306e\u79fb\u884c\u3092\u6c7a\u5b9a\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u308f\u305f\u3057\u306f\u7d19\u4e00\u91cd\u3067\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u624b\u653e\u3055\u305a\u306b\u6e08\u307f\u3001\u4e00\u4e16\u4e00\u4ee3\u306e\u5927\u5132\u3051\u3092\u679c\u305f\u3057\u305f\u3002\u5186\u3092\u7fcc\u9031\u306e\u9999\u6e2f\u5e02\u5834\u3067\u8cb7\u3044\u5897\u3057\u3001\u4e0a\u6607\u3059\u308b\u76f8\u5834\u306e\u306a\u304b\u3067\u30db\u30fc\u30eb\u30c9\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>1985\u5e74\u3092\u5883\u306b\u30c9\u30eb\u306f\u4e0b\u843d\u3057\u305f\u304c\u3001\u4eca\u5ea6\u306f\u30c9\u30eb\u306e\u4e0b\u843d\u304c\u6b62\u307e\u3089\u306a\u304f\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p><strong>\u30ec\u30fc\u30ac\u30f3\u653f\u6a29\u3068\u53cc\u5b50\u306e\u8d64\u5b57<\/strong><\/p>\n\n\n\n<p>\u30ec\u30fc\u30ac\u30f3\u653f\u6a29\u306f\u8ca1\u653f\u8d64\u5b57\u3068\u8cbf\u6613\u8d64\u5b57\u3068\u3044\u3046\u53cc\u5b50\u306e\u8d64\u5b57\u3092\u61f8\u5ff5\u3057\u306a\u304c\u3089\u3082\u3001\u5b9f\u969b\u306b\u306f\u9632\u885b\u8cbb\u306e\u5897\u5927\u306a\u3069\u3067\u8ca1\u653f\u8d64\u5b57\u306f\u60aa\u5316\u3057\u3066\u304a\u308a\u3001\u8ca1\u653f\u8d64\u5b57\u306f\u7c73\u56fd\u682a\u306e\u4e0a\u6607\u306b\u7e4b\u304c\u308a\u306a\u304c\u3089\u3082\u3001\u8ca1\u653f\u8d64\u5b57\u306b\u3088\u3063\u3066\u4eba\u70ba\u7684\u306b\u4f5c\u3089\u308c\u305f\u30d0\u30d6\u30eb\u306e\u6c17\u914d\u3092\u5448\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u3082\u682a\u9ad8\u3092\u652f\u3048\u3066\u3044\u305f\u306e\u306f\u91d1\u5229\u3060\u3063\u305f\u30021970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u304cFed\u306e\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u306b\u3088\u3063\u3066\u6253\u5012\u3055\u308c\u3066\u4ee5\u6765\u3001\u91d1\u5229\u306f\u4e0b\u843d\u3057\u3066\u304a\u308a\u3001\u305d\u308c\u304c\u7c73\u56fd\u682a\u306e\u6295\u8cc7\u5bb6\u306e\u62e0\u308a\u6240\u3068\u306a\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3057\u305f\u4e2d\u3067\u306e\u30c9\u30eb\u306e\u4e0b\u843d\u3067\u3042\u308b\u3002\u5f53\u6642\u306f\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u30d8\u30c3\u30b8\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u304c\u4eca\u307b\u3069\u4e00\u822c\u7684\u3067\u306f\u306a\u304b\u3063\u305f\u306e\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u56fd\u5916\u306e\u6295\u8cc7\u5bb6\u306f\u30c9\u30eb\u306e\u56de\u5fa9\u3092\u9858\u3063\u3066\u3044\u305f\u3002\u30c9\u30eb\u304c\u4e0b\u304c\u308b\u3068\u81ea\u5206\u306e\u4fdd\u6709\u3059\u308b\u7c73\u56fd\u682a\u306e\u4fa1\u5024\u304c\u81ea\u56fd\u901a\u8ca8\u5efa\u3066\u3067\u4e0b\u843d\u3059\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u3088\u3046\u306a\u4e2d\u3067\u884c\u308f\u308c\u305f\u306e\u304c1987\u5e742\u6708\u306e\u30eb\u30fc\u30d6\u30eb\u5408\u610f\u3067\u3042\u308a\u3001\u305d\u3053\u3067\u306f\u884c\u304d\u904e\u304e\u305f\u30c9\u30eb\u5b89\u3092\u662f\u6b63\u3059\u308b\u3053\u3068\u304c\u78ba\u8a8d\u3055\u308c\u305f\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u30c9\u30eb\u9632\u885b\u306e\u305f\u3081\u306b\u91d1\u5229\u3092\u4e0a\u3052\u3066\u56fd\u5185\u7d4c\u6e08\u3092\u6e1b\u901f\u3055\u305b\u305f\u304f\u306f\u306a\u304b\u3063\u305f\u306e\u3067\u3001\u9006\u306b\u65e5\u672c\u3084\u30c9\u30a4\u30c4\u304c\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3053\u3068\u3067\u76f8\u5bfe\u7684\u306b\u30c9\u30eb\u9ad8\u306b\u3059\u308b\u3053\u3068\u3092\u671b\u3093\u3067\u3044\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u56fd\u5185\u306e\u30a4\u30f3\u30d5\u30ec\u3092\u61f8\u5ff5\u3057\u3066\u3044\u305f\u30c9\u30a4\u30c4\u306f\u3001\u5408\u610f\u3092\u7834\u3063\u3066\u540c\u5e749\u6708\u306b\u5229\u4e0a\u3052\u3092\u5f37\u884c\u3059\u308b\u3002\u3053\u308c\u304c\u540c\u5e7410\u6708\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306b\u7e4b\u304c\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p><strong>\u8ffd\u3044\u8a70\u3081\u3089\u308c\u305f\u7c73\u56fd\u682a\u6295\u8cc7\u5bb6<\/strong><\/p>\n\n\n\n<p>1987\u5e74\u306b\u7c73\u56fd\u682a\u306b\u6295\u8cc7\u3057\u3066\u3044\u305f\u30a2\u30e1\u30ea\u30ab\u56fd\u5916\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u81f4\u547d\u7684\u3060\u3063\u305f\u306e\u306f\u3001\u30c9\u30a4\u30c4\u306e\u5229\u4e0a\u3052\u306b\u3088\u3063\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u5229\u4e0a\u3052\u304b\u30c9\u30eb\u5b89\u306e\u3069\u3061\u3089\u304b\u306f\u907f\u3051\u3089\u308c\u306a\u304f\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30a4\u30c4\u306e\u5229\u4e0a\u3052\u306b\u5bfe\u6297\u3059\u308b\u305f\u3081\u306b\u30a2\u30e1\u30ea\u30ab\u3082\u5229\u4e0a\u3052\u3092\u3059\u308c\u3070\u3001\u30c9\u30eb\u306f\u5b88\u308c\u308b\u304c\u682a\u4fa1\u306f\u4e0b\u843d\u3059\u308b\u3002\u9006\u306b\u5229\u4e0a\u3052\u3057\u306a\u3051\u308c\u3070\u3001\u30c9\u30eb\u306e\u4e0b\u843d\u3092\u6b62\u3081\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30c9\u30eb\u304c\u4e0b\u843d\u3057\u3066\u3082\u682a\u4fa1\u304c\u4e0b\u843d\u3057\u3066\u3082\u3001\u70ba\u66ff\u30d8\u30c3\u30b8\u3092\u3057\u3066\u3044\u306a\u3044\u30a2\u30e1\u30ea\u30ab\u56fd\u5916\u306e\u6295\u8cc7\u5bb6\u306f\u640d\u5931\u3092\u907f\u3051\u3089\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u682a\u4fa1\u304c\u66b4\u843d\u3059\u308b\u306e\u306f\u3001\u6295\u8cc7\u5bb6\u306e\u640d\u5931\u304c\u4e0d\u53ef\u907f\u3068\u306a\u3063\u305f\u3068\u304d\u3067\u3042\u308b\u3002\u3082\u3046\u305d\u3046\u306a\u308c\u3070\u6295\u8cc7\u5bb6\u306f\u6295\u3052\u58f2\u308a\u3059\u308b\u3057\u304b\u306a\u3044\u3002\u305d\u3046\u3057\u30661987\u5e7410\u6708\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306f\u8d77\u304d\u305f\u306e\u3067\u3042\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\/1987-black-monday-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\/1987-black-monday-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-63533\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/1987-black-monday-s-and-p-500-chart.png 551w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/1987-black-monday-s-and-p-500-chart-300x269.png 300w\" sizes=\"auto, (max-width: 551px) 100vw, 551px\" \/><\/a><\/figure>\n\n\n\n<p><strong>2025\u5e74\u306e\u72b6\u6cc1<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u30012025\u5e74\u306e\u72b6\u6cc1\u306b\u8a71\u3092\u623b\u3057\u305f\u3044\u3002\u30bd\u30ed\u30b9\u6c0f\u304b\u3089Soros Fund Management\u306e\u904b\u7528\u3092\u4efb\u3055\u308c\u305f\u3053\u3068\u3082\u3042\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3082\u3042\u308b\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u306f\u9078\u629e\u3092\u8feb\u3089\u308c\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u5f8c\u3001\u91d1\u878d\u7de9\u548c\u3067\u4eba\u70ba\u7684\u306b\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\u306e\u3067\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u306f\u666f\u6c17\u523a\u6fc0\u3092\u3057\u3066\u682a\u9ad8\u30fb\u91d1\u5229\u4e0a\u6607\u3092\u53d6\u308b\u304b\u3001\u7dca\u7e2e\u8ca1\u653f\u3092\u3057\u3066\u682a\u5b89\u30fb\u91d1\u5229\u4f4e\u4e0b\u3092\u53d6\u308b\u304b\u3001\u3069\u3061\u3089\u304b\u3057\u304b\u306a\u304b\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8a9e\u3063\u3066\u3044\u305f\u901a\u308a\u3001\u300c\u666f\u6c17\u5f8c\u9000\u3092\u5f15\u304d\u8d77\u3053\u3055\u305a\u306b\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3092\u89e3\u6c7a\u3059\u308b\u300d\u3053\u3068\u3092\u76ee\u7684\u306b\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304b\u3089\u8ca1\u52d9\u9577\u5b98\u306b\u4efb\u547d\u3055\u308c\u305f\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u306f\u3001\u682a\u5b89\u306b\u306a\u308b\u3068\u5206\u304b\u3063\u3066\u3044\u306a\u304c\u3089\u95a2\u7a0e\u3084DOGE\uff08\u653f\u5e9c\u52b9\u7387\u5316\u7701\uff09\u306b\u3088\u308b\u653f\u5e9c\u652f\u51fa\u524a\u6e1b\u306a\u3069\u3001\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306e\u8ca1\u653f\u3092\u6539\u5584\u3059\u308b\u653f\u7b56\u3092\u5f37\u884c\u3059\u308b\u3053\u3068\u3092\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306b\u9032\u8a00\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63246\" data-type=\"post\" data-id=\"63246\">\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306b\u682a\u4fa1\u3092\u72a0\u7272\u306b\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u306f\u30bf\u30c3\u30ab\u30fc\u30fb\u30ab\u30fc\u30eb\u30bd\u30f3\u6c0f\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u4eca\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8a9e\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>\u7b4b\u8089\u5897\u5f37\u5264\u3092\u4f7f\u3046\u30dc\u30c7\u30a3\u30d3\u30eb\u30c0\u30fc\u306e\u3088\u3046\u306a\u3082\u306e\u3060\u3002\u5916\u898b\u306f\u7b4b\u8089\u8cea\u3067\u7d20\u6674\u3089\u3057\u3044\u304c\u3001\u5185\u5074\u3067\u306f\u81ea\u5206\u306e\u5185\u8535\u304c\u6b7b\u3093\u3067\u3044\u308b\u3002\u305d\u308c\u304c\u4eca\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u72b6\u6cc1\u3060\u3002<\/p>\n\n\n\n<p>\u5927\u91cf\u306e\u501f\u91d1\u3067\u666f\u6c17\u523a\u6fc0\u3092\u7d9a\u3051\u3001\u653f\u5e9c\u306b\u3088\u308b\u5927\u91cf\u96c7\u7528\u3082\u7d9a\u3051\u308b\u306e\u306f\u7c21\u5358\u3060\u308d\u3046\u3002\u305d\u3046\u3057\u3066\u304d\u305f\u653f\u5e9c\u306b\u7570\u8ad6\u306f\u51fa\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u3067\u4eca\u306e\u60e8\u72b6\u304c\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306f\u4eca\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u3053\u308c\u307e\u3067\u7a4d\u307f\u4e0a\u3052\u3066\u304d\u305f\u7c73\u56fd\u50b5\u306b\u591a\u984d\u306e\u5229\u6255\u3044\u304c\u751f\u3058\u3066\u304a\u308a\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u56fd\u50b5\u306e\u5229\u6255\u3044\u3092\u56fd\u50b5\u306e\u65b0\u898f\u767a\u884c\u3067\u8cc4\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4e16\u754c\u7684\u306a\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u305f\u3061\u306f\u3001\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u3082\u542b\u3081\u3001\u3053\u306e\u7c73\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u304c\u4f9b\u7d66\u904e\u591a\u306b\u3088\u308b\u7c73\u56fd\u50b5\u66b4\u843d\u3092\u3082\u305f\u3089\u3059\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u305a\u3063\u3068\u61f8\u5ff5\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/61404\" data-type=\"post\" data-id=\"61404\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u8ca1\u653f\u8d64\u5b57\u7d99\u7d9a\u306a\u3089\u7c73\u56fd\u50b5\u306f\u30b7\u30e7\u30c3\u30ad\u30f3\u30b0\u306a\u72b6\u6cc1\u306b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/56835\" data-type=\"post\" data-id=\"56835\">\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f: \u7c73\u56fd\u306e\u50b5\u52d9\u554f\u984c\u306b\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u8987\u6a29\u304c\u304b\u304b\u3063\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u306f\u682a\u5b89\u30fb\u91d1\u5229\u4f4e\u4e0b\u30b7\u30ca\u30ea\u30aa\u3092\u53d7\u3051\u5165\u308c\u308b\u6c7a\u65ad\u3092\u4e0b\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u554f\u984c\u304c\u751f\u3058\u3066\u3044\u308b\u3002\u524d\u56de\u306e\u8a18\u4e8b\u3067\u89e3\u8aac\u3057\u305f\u901a\u308a\u3001\u682a\u5b89\u306b\u3088\u308b\u30c9\u30eb\u306e\u4e0b\u843d\u304c\u30a2\u30e1\u30ea\u30ab\u56fd\u5916\u306e\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u7c73\u56fd\u50b5\u306e\u4fa1\u5024\u3092\u62bc\u3057\u4e0b\u3052\u3001\u56fd\u50b5\u306e\u6295\u3052\u58f2\u308a\u3092\u751f\u3093\u3060\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\/63454\" data-type=\"post\" data-id=\"63454\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u672c\u5f53\u306e\u7406\u7531\u306f\u682a\u4fa1\u306e\u4e0b\u843d\u3067\u306f\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4eca\u3067\u306f\u5916\u56fd\u682a\u6295\u8cc7\u306b\u304a\u3044\u3066\u70ba\u66ff\u30d8\u30c3\u30b8\u3092\u3059\u308b\u3053\u3068\u306f\u666e\u901a\u306e\u3053\u3068\u3060\u304c\u3001\u50b5\u5238\u6295\u8cc7\u306f\u7c21\u5358\u306b\u306f\u70ba\u66ff\u30d8\u30c3\u30b8\u306f\u3067\u304d\u306a\u3044\uff08\u70ba\u66ff\u30d8\u30c3\u30b8\u3059\u308b\u3068\u5225\u306e\u6295\u8cc7\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u305f\u3081\uff09\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u65e5\u672c\u3084\u4e2d\u56fd\u306e\u7c73\u56fd\u50b5\u306e\u6295\u8cc7\u5bb6\u306f\u3001\u682a\u5b89\u3067\u30c9\u30eb\u304c\u4e0b\u304c\u308b\u3068\u7c73\u56fd\u50b5\u3092\u640d\u5207\u308a\u305b\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u308a\u3001\u7c73\u56fd\u50b5\u306e\u4fa1\u683c\u306f\u4f4e\u4e0b\u3001\u91d1\u5229\u306f\u4e0a\u6607\u3059\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u306e\u76ee\u8ad6\u898b\u306f\u3053\u3046\u3060\u3063\u305f\u3002\u666f\u6c17\u523a\u6fc0\u3092\u3057\u3066\u682a\u9ad8\u3067\u91d1\u5229\u4e0a\u6607\u304b\u3001\u7dca\u7e2e\u8ca1\u653f\u3092\u3057\u3066\u682a\u5b89\u3067\u91d1\u5229\u4f4e\u4e0b\u304b\u3057\u304b\u306a\u3044\u306e\u3067\u3042\u308c\u3070\u5f8c\u8005\u3092\u9078\u3076\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u4eca\u306e\u91d1\u5229\u306e\u52d5\u304d\u304c\u793a\u5506\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u682a\u5b89\u3067\u3082\u7c73\u56fd\u50b5\u306e\u6295\u3052\u58f2\u308a\u3067\u91d1\u5229\u4e0a\u6607\u306b\u306a\u308b\u3068\u3059\u308c\u3070\u3069\u3046\u306a\u308b\uff1f\u3000\u3069\u3061\u3089\u306b\u8ee2\u3093\u3067\u3082\u91d1\u5229\u306f\u4e0a\u6607\u3057\u3066\u3057\u307e\u3046\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u5229\u4e0a\u6607\u306f\u3001\u5f53\u7136\u3060\u304c\u682a\u4fa1\u3092\u4e0b\u843d\u3055\u305b\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u3082\u3057\u304b\u3057\u3066\u8a70\u3093\u3060\u306e\u3067\u306f\u306a\u3044\u304b\uff1f\u30001987\u5e74\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306e\u3088\u3046\u306b\u3001\u6295\u8cc7\u5bb6\u306b\u9003\u3052\u5834\u304c\u306a\u3044\u3001\u3069\u3061\u3089\u306b\u8ee2\u3093\u3067\u3082\u4e0b\u843d\u3057\u304b\u306a\u3044\u72b6\u6cc1\u304c\u51fa\u6765\u4e0a\u304c\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306f\u3082\u3046\u4e00\u5ea6\u30ec\u30fc\u30ac\u30ce\u30df\u30af\u30b9\u304b\u3089\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u307e\u3067\u306e\u72b6\u6cc1\u3092\u8abf\u3079\u76f4\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30bd\u30ed\u30b9\u6c0f\u306e\u300e<a href=\"https:\/\/amzn.to\/4aeFfZ8\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u306b\u306f\u6295\u8cc7\u65e5\u8a18\u4ed8\u304d\u3067\u5f53\u6642\u306e\u3053\u3068\u304c\u975e\u5e38\u306b\u8a73\u3057\u304f\u89e3\u8aac\u3055\u308c\u3066\u3044\u308b\u306e\u3067\u3001\u672a\u8aad\u306e\u8aad\u8005\u306f\u8aad\u3080\u3053\u3068\u3092\u304a\u52e7\u3081\u3057\u3066\u304a\u304f\u3002<\/p>\n\n\n\n<a href=\"https:\/\/amzn.to\/4aeFfZ8\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/41Gf0zCDCPL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/4aeFfZ8\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\n","protected":false},"excerpt":{"rendered":"<p>2025\u5e744\u6708\u306e\u682a\u4fa1\u4e0b\u843d\u3067\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3068\u3044\u3046\u8a00\u8449\u3092\u51fa\u3057\u3066\u3044\u308b\u4eba\u3082\u3044\u308b\u304c\u3001\u305d\u3046\u3044\u3046\u4eba\u3005\u306b\u306f1987\u5e74\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306f\u307e\u3063\u305f\u304f\u3082\u3063\u3066\u3053\u3093\u306a\u3082\u306e\u3067\u306f\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u306f\u8a00\u3063\u3066\u304a\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002 \u3060\u304c\u30011987\u5e74\u306e\u30d6 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63500\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30c9\u30eb\u4e0b\u843d\u306b\u3088\u308b\u91d1\u5229\u4e0a\u6607\u3067\u682a\u4fa1\u66b4\u843d\u306f\u672c\u7269\u306e\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u306b\u8fd1\u3044\u72b6\u6cc1\u306b<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,118,120,111,19,108],"tags":[],"class_list":["post-63500","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-usdjpy","category-stock-markets","category-foreign-exchange-market","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63500","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=63500"}],"version-history":[{"count":63,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63500\/revisions"}],"predecessor-version":[{"id":63565,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63500\/revisions\/63565"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=63500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=63500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=63500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}