{"id":63976,"date":"2025-04-23T20:00:00","date_gmt":"2025-04-23T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=63976"},"modified":"2025-04-23T17:41:33","modified_gmt":"2025-04-23T08:41:33","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%e6%b0%8f-%e4%bb%8a%e5%be%8c%e6%95%b0%e3%83%b6%e6%9c%88%e3%81%a7%e7%b1%b3%e5%9b%bd%e3%81%af%e3%83%89%e3%83%ab%e3%81%a8%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%81%a8%e7%b1%b3","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63976","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u4eca\u5f8c\u6570\u30f6\u6708\u3067\u7c73\u56fd\u306f\u30c9\u30eb\u3068\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u304c\u3059\u3079\u3066\u4e0b\u843d\u3059\u308b\u767a\u5c55\u9014\u4e0a\u56fd\u578b\u306e\u91d1\u878d\u5371\u6a5f\u306b\u9665\u308b\u53ef\u80fd\u6027"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u3001Peterson Institute\u306b\u3088\u308b\u52d5\u753b\u914d\u4fe1\u3067\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u3068\u6700\u8fd1\u306e\u682a\u4fa1\u4e0b\u843d\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u682a\u4fa1\u4e0b\u843d\u3068\u30c8\u30e9\u30f3\u30d7\u95a2\u7a0e<\/strong><\/p>\n\n\n\n<p>\u4eca\u5e743\u6708\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u653f\u7b56\u3092\u898b\u3066\u3001\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u306e\u3082\u5f53\u7136\u3060\u3068\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\/61924\" data-type=\"post\" data-id=\"61924\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u7c73\u56fd\u682a\u306e\u4e0b\u843d\u306f\u5f53\u7136 (2025\/3\/25)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u306e\u5f8c\u3001\u7c73\u56fd\u682a\u306f\u66f4\u306b\u5927\u304d\u304f\u4e0b\u843d\u3059\u308b\u3053\u3068\u306b\u306a\u3063\u305f\u3002S&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\/2025-4-23-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"529\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-23-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-63979\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-23-s-and-p-500-chart.png 602w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2025-4-23-s-and-p-500-chart-300x264.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/a><\/figure>\n\n\n\n<p>\u305d\u3057\u3066\u3053\u3053\u306e\u8a18\u4e8b\u3067\u306f\u4f55\u5ea6\u3082\u8a00\u53ca\u3057\u3066\u3044\u308b\u304c\u3001\u3053\u306e\u682a\u4fa1\u66b4\u843d\u3067\u4e00\u756a\u30de\u30ba\u3044\u306e\u306f\u3001\u682a\u4fa1\u4e0b\u843d\u306e\u6700\u4e2d\u306b\u7c73\u56fd\u50b5\u304c\u4e0b\u843d\u3057\u3001\u91d1\u5229\u304c\u6025\u4e0a\u6607\u3057\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u306f\u4ee5\u4e0b\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\/2024-4-23-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"529\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-4-23-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-64007\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-4-23-us-10-year-treasury-bond-yield-chart.png 602w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-4-23-us-10-year-treasury-bond-yield-chart-300x264.png 300w\" sizes=\"auto, (max-width: 602px) 100vw, 602px\" \/><\/a><\/figure>\n\n\n\n<p>\u91d1\u5229\u306e\u6025\u4e0a\u6607\u306f\u682a\u4fa1\u306e\u53cd\u767a\u524d\u306b\u8d77\u3053\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u3067\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u3001\u682a\u4fa1\u304c\u53cd\u767a\u3057\u305f\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\/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\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63647\" data-type=\"post\" data-id=\"63647\">\u682a\u5f0f\u5e02\u5834\u66b4\u843d\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u3053\u308c\u304b\u3089\u4f55\u5ea6\u3067\u3082\u7c73\u56fd\u50b5\u4e0b\u843d\u306b\u8105\u3055\u308c\u7d9a\u3051\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u767a\u5c55\u9014\u4e0a\u56fd\u5316\u3059\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3053\u306e\u72b6\u6cc1\u3092\u898b\u305f\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u3001\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>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u306f\u91d1\u878d\u5371\u6a5f\u3092\u5f15\u304d\u8d77\u3053\u3059\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u306e\u7406\u7531\u306f\u3001\u3084\u306f\u308a\u56fd\u50b5\u306e\u5024\u52d5\u304d\u306e\u5909\u5316\u3067\u3042\u308b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u3066\u3044\u308b\u3001<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3053\u308c\u306f\u4e88\u60f3\u3067\u306f\u306a\u304f\u65e2\u306b\u8d77\u3053\u3063\u305f\u3053\u3068\u3060\u304c\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u3053\u3046\u3057\u305f\u653f\u7b56\u304c\u3001\u4e16\u754c\u60c5\u52e2\u306e\u96f0\u56f2\u6c17\u3092\u5909\u3048\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5e02\u5834\u304c\u4f1d\u7d71\u7684\u306a\u7d4c\u6e08\u306e\u4e2d\u5fc3\u5730\u304b\u3089\u767a\u5c55\u9014\u4e0a\u56fd\u306e\u91d1\u878d\u5e02\u5834\u3078\u3068\u5909\u5316\u3059\u308b\u539f\u56e0\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u524d\u8005\u3067\u306f\u682a\u4fa1\u304c\u4e0b\u304c\u308c\u3070\u4fdd\u967a\u3092\u6c42\u3081\u3066\u56fd\u50b5\u304c\u8cb7\u308f\u308c\u308b\u304c\u3001\u5f8c\u8005\u3067\u306f\u682a\u4fa1\u304c\u4e0b\u304c\u308b\u3068\u91d1\u5229\u304c\u4e0a\u304c\u308a\u3001\u901a\u8ca8\u3082\u4e0b\u304c\u3063\u3066\u4eba\u3005\u306e\u6050\u6016\u3092\u547c\u3076\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u767a\u5c55\u9014\u4e0a\u56fd\u306b\u3088\u304f\u3042\u308b\u53e4\u5178\u7684\u306a\u72b6\u6cc1\u3060\u3002\u767a\u5c55\u9014\u4e0a\u56fd\u304c\u91d1\u878d\u5371\u6a5f\u306b\u306a\u308c\u3070\u3053\u306e\u72b6\u6cc1\u306b\u9665\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5148\u9032\u56fd\u306e\u91d1\u878d\u5e02\u5834\u3067\u306f\u3001\u682a\u4fa1\u304c\u4e0b\u843d\u3057\u305f\u6642\u306b\u306f\u56fd\u50b5\u306f\u8cb7\u308f\u308c\u308b\u3002\u4f8b\u3048\u30702008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u3082\u3001\u682a\u4fa1\u4e0b\u843d\u6642\u306b\u306f\u5b89\u5168\u8cc7\u7523\u3068\u547c\u3070\u308c\u308b\u30b4\u30fc\u30eb\u30c9\u3067\u3055\u3048\u4e0b\u843d\u3057\u305f\u4e00\u65b9\u3067\u3001\u7c73\u56fd\u50b5\u3060\u3051\u306f\u8cb7\u308f\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/4454\" data-type=\"post\" data-id=\"4454\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u6025\u843d\u3057\u305f\u91d1\u4fa1\u683c\u3001\u4e0a\u6607\u3057\u305f\u7c73\u56fd\u50b5<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u304c\u5148\u9032\u56fd\u306e\u5e02\u5834\u306b\u304a\u3051\u308b\u666e\u901a\u306e\u52d5\u304d\u3067\u3042\u308a\u3001\u3053\u308c\u307e\u3067\u306e\u4ed6\u306e\u91d1\u878d\u5e02\u5834\u3067\u3082\u4f8b\u5916\u3067\u306f\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u682a\u5f0f\u3068\u56fd\u50b5\u304c\u4e21\u65b9\u58f2\u3089\u308c\u308b\u306e\u304c\u666e\u901a\u3067\u3042\u308b\u5e02\u5834\u304c\u3042\u308b\u3002\u767a\u5c55\u9014\u4e0a\u56fd\u306e\u91d1\u878d\u5e02\u5834\u3067\u3042\u308b\u3002\u3053\u3053\u3067\u306f\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u767a\u5c55\u9014\u4e0a\u56fd\u306e\u5e02\u5834\u3067\u3057\u304b\u8d77\u304d\u306a\u3044\u3053\u3068\u304c\u3001\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306b\u8d77\u3053\u3063\u3066\u3044\u308b\u3002\u6295\u8cc7\u5bb6\u306f\u305d\u306e\u91cd\u8981\u6027\u3092\u8a8d\u8b58\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7c73\u56fd\u5e02\u5834\u306e\u898b\u901a\u3057<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306b\u3068\u3063\u3066\u66f4\u306b\u60aa\u3044\u306e\u306f\u3001\u305d\u306e\u4f8b\u5916\u7684\u306a\u52d5\u304d\u304c\u6570\u3005\u306e\u554f\u984c\u306b\u5bfe\u51e6\u3059\u308b\u524d\u304b\u3089\u65e2\u306b\u8d77\u3053\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>2025\u5e74\u306f\u7c73\u56fd\u50b5\u304c\u5927\u91cf\u306b\u511f\u9084\u3055\u308c\u308b\u5e74\u3067\u3042\u308a\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u501f\u308a\u63db\u3048\u306e\u305f\u3081\u306b\u5927\u91cf\u306e\u7c73\u56fd\u50b5\u3092\u767a\u884c\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u305d\u306e\u5927\u91cf\u767a\u884c\u304c\u7c73\u56fd\u50b5\u3092\u4e0b\u843d\u3055\u305b\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u554f\u984c\u3082\u3001\u307e\u3060\u672a\u89e3\u6c7a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u306f\u3001\u30b8\u30e3\u30cd\u30c3\u30c8\u30fb\u30a4\u30a8\u30ec\u30f3\u524d\u8ca1\u52d9\u9577\u5b98\u304c\u5927\u304d\u304f\u6e1b\u3089\u3057\u305f\u9577\u671f\u56fd\u50b5\u306e\u767a\u884c\u91cf\u3092\u3001\u307e\u3060\u901a\u5e38\u306e\u6c34\u6e96\u306b\u623b\u305b\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/62310\" data-type=\"post\" data-id=\"62310\">\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98: \u30a4\u30a8\u30ec\u30f3\u5143\u8ca1\u52d9\u9577\u5b98\u306f\u610f\u56f3\u7684\u306a\u56fd\u50b5\u767a\u884c\u3067\u91d1\u5229\u3092\u64cd\u4f5c\u3057\u3066\u3044\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u66f4\u306b\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304b\u3089\u5916\u56fd\u3078\u306e\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u3092\u505c\u6b62\u3059\u308b\u3088\u3046\u306a\u8a71\u304c\u51fa\u3066\u3044\u308b\u4e2d\u3067\u3001\u30b3\u30ed\u30ca\u4ee5\u5f8c\u52a0\u901f\u3057\u3066\u304d\u305f\u4e16\u754c\u5404\u56fd\u306e\u30c9\u30eb\u96e2\u308c\u304c\u66f4\u306b\u52a0\u901f\u3059\u308b\u61f8\u5ff5\u3082\u3042\u308b\u304c\u3001\u305d\u308c\u3082\u3053\u308c\u304b\u3089\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/50785\" data-type=\"post\" data-id=\"50785\">\u30dd\u30b8\u30e3\u30fc\u30eb\u6c0f: \u4e16\u754c\u7684\u306a\u30c9\u30eb\u96e2\u308c\u306e\u7d50\u679c\u306f\u30c9\u30eb\u5186\u4e0b\u843d\u3067\u306f\u306a\u304f\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u5371\u6a5f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30b5\u30de\u30fc\u30ba\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>\u3057\u304b\u3082\u3053\u306e\u72b6\u6cc1\u306f\u3001\u5916\u56fd\u306e\u4e2d\u592e\u9280\u884c\u3084\u653f\u5e9c\u95a2\u4fc2\u6a5f\u95a2\u304c\u30c9\u30eb\u8cc7\u7523\u3092\u6295\u3052\u58f2\u308a\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u3044\u3046\u5341\u5206\u8d77\u3053\u308a\u5f97\u308b\u554f\u984c\u304c\u8868\u9762\u5316\u3059\u308b\u524d\u306b\u8d77\u3053\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u304c\u540c\u6642\u306b\u4e0b\u843d\u3059\u308b\u91d1\u878d\u5371\u6a5f<\/strong><\/p>\n\n\n\n<p>\u3053\u308c\u3089\u306e\u554f\u984c\u306f\u4eca\u5f8c\u3069\u3046\u3044\u3046\u72b6\u6cc1\u306b\u767a\u5c55\u3059\u308b\u306e\u304b\u3002\u30b5\u30de\u30fc\u30ba\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>\u6050\u3089\u304f50%\u3088\u308a\u306f\u4f4e\u3044\u3060\u308d\u3046\u304c\u3001\u78ba\u5b9f\u306b10%\u3088\u308a\u306f\u9ad8\u3044\u78ba\u7387\u3067\u3001\u4eca\u5f8c\u6570\u30f6\u6708\u306e\u9593\u306b\u30a2\u30e1\u30ea\u30ab\u304c\u30ea\u30ba\u30fb\u30c8\u30e9\u30b9\u5371\u6a5f\u306b\u9665\u308b\u30ea\u30b9\u30af\u304c\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ea\u30ba\u30fb\u30c8\u30e9\u30b9\u6c0f\u306f\u30a4\u30ae\u30ea\u30b9\u306e\u5143\u9996\u76f8\u3067\u3001\u30b3\u30ed\u30ca\u798d\u3067\u8ca1\u653f\u3092\u8003\u3048\u306a\u3044\u5927\u898f\u6a21\u306a\u3070\u3089\u6492\u304d\u653f\u7b56\u3092\u884c\u304a\u3046\u3068\u3057\u305f\u7d50\u679c\u3001\u30dd\u30f3\u30c9\u3068\u82f1\u56fd\u682a\u3068\u82f1\u56fd\u50b5\u3092\u66b4\u843d\u3055\u305b\u3001\u65e9\u671f\u9000\u9663\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u305f\u4eba\u7269\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u304c\u30ea\u30ba\u30fb\u30c8\u30e9\u30b9\u5316\u3059\u308b\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u30b8\u30e7\u30cb\u30fc\u30fb\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f\u3082\u8a00\u53ca\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\/60619\" data-type=\"post\" data-id=\"60619\">\u30d8\u30a4\u30b3\u30c3\u30af\u6c0f: 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href=\"https:\/\/amzn.to\/3IWOGjY\" data-type=\"link\" data-id=\"https:\/\/amzn.to\/3IWOGjY\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u5de8\u5927\u50b5\u52d9\u5371\u6a5f\u3092\u7406\u89e3\u3059\u308b<\/a>\u300f\u306b\u304a\u3044\u3066\u8a73\u3057\u304f\u89e3\u8aac\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u306e\u672c\u306e\u8a72\u5f53\u7b87\u6240\u3067\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>1931\u5e749\u6708\u3001\u4e16\u754c\u6050\u614c\u304c\u59cb\u307e\u3063\u3066\u304b\u3089\u521d\u3081\u3066\u3001\u7c73\u56fd\u50b5\u306f\u5b89\u5168\u8cc7\u7523\u3067\u306f\u306a\u304f\u306a\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306f\u5f53\u6642\u3068\u540c\u3058\u9053\u3092\u8fbf\u308b\u306e\u3060\u308d\u3046\u304b\u3002\u5947\u3057\u304f\u3082\u30a8\u30b4\u30f3\u30fb\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u304c\u4e16\u754c\u6050\u614c\u306e\u3042\u3068\u4f55\u5341\u5e74\u3082\u7c73\u56fd\u682a\u306f\u56de\u5fa9\u3057\u306a\u304b\u3063\u305f\u3053\u3068\u3092\u4f8b\u306b\u51fa\u3057\u3066\u3001\u7c73\u56fd\u682a\u306f\u3053\u308c\u304b\u3089\u540c\u3058\u72b6\u6cc1\u306b\u9665\u308b\u3068\u4e88\u60f3\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\/63697\" data-type=\"post\" data-id=\"63697\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u7c73\u56fd\u682a\u306e\u5de8\u5927\u30d0\u30d6\u30eb\u306f\u5d29\u58ca\u3059\u308b\u3001\u682a\u4fa1\u4e0b\u843d\u306f25\u5e74\u4ee5\u4e0a\u306e\u9577\u671f\u4e0b\u843d\u76f8\u5834\u306e\u59cb\u307e\u308a\u306b\u904e\u304e\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u682a\u5f0f\u3068\u56fd\u50b5\u306e\u540c\u6642\u4e0b\u843d\u3068\u3044\u3046\u7570\u5e38\u4e8b\u614b\u3092\u7518\u304f\u898b\u3066\u306f\u306a\u3089\u306a\u3044\u3002\u305d\u308c\u3060\u3051\u306f\u4e8b\u524d\u306b\u66f8\u3044\u3066\u304a\u304f\u3002\u6295\u8cc7\u5bb6\u306f\u3053\u308c\u304b\u3089\u306e\u72b6\u6cc1\u306b\u5099\u3048\u30661931\u5e74\u306e\u4e8b\u4f8b\u3092\u52c9\u5f37\u3057\u3066\u304a\u304f\u3079\u304d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<a href=\"https:\/\/amzn.to\/43IM42P\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/71Mod5dZK9L._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/43IM42P\" target=\"_blank\" rel=\"noreferrer noopener\">\u5de8\u5927\u50b5\u52d9\u5371\u6a5f\u3092\u7406\u89e3\u3059\u308b<\/a>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u3001Peterson Institute\u306b\u3088\u308b\u52d5\u753b\u914d\u4fe1\u3067\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u3068\u6700\u8fd1\u306e\u682a\u4fa1\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":[59,118,120,111,19,108],"tags":[98],"class_list":["post-63976","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","tag-larry-summers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63976","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=63976"}],"version-history":[{"count":31,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63976\/revisions"}],"predecessor-version":[{"id":64011,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/63976\/revisions\/64011"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=63976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=63976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=63976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}