{"id":6470,"date":"2017-06-27T20:04:04","date_gmt":"2017-06-27T11:04:04","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=6470"},"modified":"2017-06-26T22:42:01","modified_gmt":"2017-06-26T13:42:01","slug":"%e3%82%b8%e3%83%a0%e3%83%bb%e3%83%ad%e3%82%b8%e3%83%a3%e3%83%bc%e3%82%ba%e6%b0%8f%e3%80%81%e3%82%b8%e3%83%a3%e3%83%b3%e3%82%af%e5%82%b5%e3%81%8c%e3%81%be%e3%81%a0%e6%9a%b4%e8%90%bd%e3%81%97%e3%81%a6","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6470","title":{"rendered":"\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u304c\u307e\u3060\u66b4\u843d\u3057\u3066\u3044\u306a\u3044\u304c\u3068\u8cac\u3081\u3089\u308c\u308b"},"content":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3068\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u8a2d\u7acb\u3057\u305f\u3053\u3068\u3067\u77e5\u3089\u308c\u308b\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08Forbes\u3001<a href=\"https:\/\/www.forbes.com\/sites\/prestonpysh\/2017\/06\/21\/an-interview-with-jim-rogers-of-course-we-are-in-a-stock-market-bubble\/\" target=\"_blank\" rel=\"noopener noreferrer\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u304c\u4ee5\u524d\u63a8\u5968\u3057\u3066\u3044\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a\u306b\u95a2\u3059\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\u3002<\/p>\n<p><!--more--><strong>\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a<\/strong><\/p>\n<p>\u30b8\u30e3\u30f3\u30af\u50b5\u3068\u306f\u3001\u7834\u7dbb\u61f8\u5ff5\u306e\u3042\u308b\u4fe1\u7528\u306e\u4f4e\u3044\u4f01\u696d\u304c\u767a\u884c\u3059\u308b\u5229\u56de\u308a\u306e\u9ad8\u3044\u50b5\u5238\u3067\u3042\u308b\u3002\u73fe\u5728\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u4e3b\u306b\u30b8\u30e3\u30f3\u30af\u50b5\u3092\u767a\u884c\u3057\u3066\u3044\u308b\u306e\u306f\u30b7\u30a7\u30fc\u30eb\u95a2\u9023\u4f01\u696d\u3067\u3042\u308a\u3001\u539f\u6cb9\u4fa1\u683c\u306e\u4e0b\u843d\u306b\u3088\u3063\u3066\u3053\u308c\u3089\u306e\u4f01\u696d\u306f\u7d4c\u55b6\u7834\u7dbb\u306e\u61f8\u5ff5\u304c\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6191\">2017\u5e74\u539f\u6cb9\u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3\u3068\u30b7\u30a7\u30fc\u30eb\u30aa\u30a4\u30eb\u7523\u696d\u306e\u640d\u76ca\u5206\u5c90\u70b9<\/a><\/li>\n<\/ul>\n<p>\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u4ee5\u524d\u3001\u3053\u306e\u30b8\u30e3\u30f3\u30af\u50b5\u3092\u7a7a\u58f2\u308a\u3059\u308b\u3053\u3068\u3092\u63a8\u5968\u3057\u3066\u3044\u305f\u306e\u3060\u304c\u3001\u5f53\u6642\u304b\u3089\u30b8\u30e3\u30f3\u30af\u50b5\u306f\u4e0b\u843d\u3059\u308b\u3069\u3053\u308d\u304b\u4e0a\u6607\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u306e\u53f8\u4f1a\u8005\u304c\u6b21\u306e\u3088\u3046\u306a\u8cea\u554f\u3092\u3057\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>2015\u5e7412\u6708\u306b\u3001\u3042\u306a\u305f\u306fSJB\u3068\u3044\u3046\u30c6\u30a3\u30c3\u30ab\u30fc\u30b7\u30f3\u30dc\u30eb\u306e\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u7a7a\u58f2\u308aETF\u3092\u63a8\u5968\u3057\u307e\u3057\u305f\u3002\u308f\u305f\u3057\u306f\u666e\u6bb5\u7a7a\u58f2\u308a\u306f\u884c\u308f\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u305d\u306e\u6642\u306f\u3042\u306a\u305f\u306e\u63a8\u5968\u304c\u7406\u306b\u304b\u306a\u3063\u3066\u3044\u308b\u3068\u601d\u3063\u305f\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u308f\u305f\u3057\u304c\u8cb7\u3063\u305f\u6642\u304b\u308910%\u307b\u3069\u4e0b\u843d\u3057\u3066\u3044\u307e\u3059\u3002\u591a\u304f\u306e\u8996\u8074\u8005\u3082\u3053\u306e\u9298\u67c4\u306b\u8208\u5473\u3092\u6301\u3063\u3066\u3044\u308b\u3068\u601d\u3046\u306e\u3067\u3001\u3053\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3064\u3044\u3066\u306e\u4eca\u306e\u610f\u898b\u3092\u805e\u304b\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p><\/blockquote>\n<p>\u78ba\u304b\u306b\u3001\u3053\u306eSJB\u3068\u3044\u3046\u9298\u67c4\uff08ProShares Short High Yield\uff09\u306f\u4e0b\u843d\uff08\u7a7a\u58f2\u308aETF\u306a\u306e\u3067\u30b8\u30e3\u30f3\u30af\u50b5\u306e\u4fa1\u683c\u4e0a\u6607\u3092\u610f\u5473\u3059\u308b\uff09\u3057\u3066\u3044\u308b\u3002\u30c1\u30e3\u30fc\u30c8\u306f\u4ee5\u4e0b\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/06\/2017-6-26-proshares-short-high-yield-nysearca-sjb-middle-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6472\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/06\/2017-6-26-proshares-short-high-yield-nysearca-sjb-middle-term-chart.png\" alt=\"\" width=\"600\" height=\"402\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/06\/2017-6-26-proshares-short-high-yield-nysearca-sjb-middle-term-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2017\/06\/2017-6-26-proshares-short-high-yield-nysearca-sjb-middle-term-chart-300x201.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>\u4e0b\u843d\u3057\u3066\u3044\u308b\u3068\u8a00\u3046\u304b\u3001\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u63a8\u5968\u6642\u304c\u307b\u307c\u5929\u4e95\u3067\u3042\u308b\u3002\u767a\u8a00\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3060\u3051\u3092\u898b\u308c\u3070\u6e05\u3005\u3057\u3044\u307b\u3069\u306e\u5916\u3057\u3088\u3046\u306a\u306e\u3060\u304c\u3001\u305d\u308c\u3067\u3082\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u767a\u8a00\u3068\u5206\u6790\u306b\u306f\u4fa1\u5024\u304c\u3042\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u4e16\u754c\u6700\u60aa\u306e\u77ed\u671f\u30c8\u30ec\u30fc\u30c0\u30fc<\/strong><\/p>\n<p>\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u300c\u4e16\u754c\u6700\u60aa\u306e\u77ed\u671f\u30c8\u30ec\u30fc\u30c0\u30fc\u300d\u3092\u81ea\u79f0\u3057\u3066\u3044\u308b\u3002\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3067\u306f\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u304c\u30a2\u30ca\u30ea\u30b9\u30c8\u3001\u30bd\u30ed\u30b9\u6c0f\u304c\u30c8\u30ec\u30fc\u30c0\u30fc\u306e\u5f79\u5272\u3060\u3063\u305f\u305f\u3081\u3001\u30d5\u30a1\u30f3\u30c9\u5f15\u9000\u5f8c\u30bd\u30ed\u30b9\u6c0f\u306a\u3057\u3067\u306f\u6295\u8cc7\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u6e2c\u308c\u306a\u3044\u306e\u3067\u3042\u308b\u3002\u540c\u3058\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u975e\u5e38\u306b\u5272\u5b89\u3067\u3001\u524d\u5411\u304d\u306a\u5909\u5316\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u3088\u3046\u306a\u3082\u306e\u3092\u898b\u3064\u3051\u305f\u6642\u306b\u306f\u3001\u308f\u305f\u3057\u306f\u6210\u529f\u3057\u3066\u304d\u305f\u3002\u3057\u304b\u3057\u308f\u305f\u3057\u306f\u5927\u62b5\u6295\u8cc7\u3059\u308b\u306e\u304c\u65e9\u3059\u304e\u308b\u3002\u3060\u304b\u3089\u4f55\u5e74\u3082\u30db\u30fc\u30eb\u30c9\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p><\/blockquote>\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u4eca\u56de\u3082\u305d\u3046\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3089\u3057\u3044\u3068\u8a00\u3048\u308b\u3002\u672c\u984c\u306e\u30b8\u30e3\u30f3\u30af\u50b5\u306b\u3064\u3044\u3066\u306f\u3001\u53f8\u4f1a\u8005\u306e\u8cea\u554f\u306b\u5bfe\u3057\u3066\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u5f01\u660e\u3057\u305f\u3002<\/p>\n<blockquote><p>\u5e02\u5834\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u306f\u308f\u305f\u3057\u306b\u805e\u304b\u306a\u3044\u3067\u304f\u308c\u3002\u308f\u305f\u3057\u304c\u3053\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3063\u3066\u3044\u308b\u306e\u306f\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u5e02\u5834\u304c\u3044\u3064\u304b\u66b4\u843d\u3059\u308b\u3068\u77e5\u3063\u3066\u3044\u308b\u304b\u3089\u3060\u304c\u3001\u4eca\u306e\u3068\u3053\u308d\u306f\u3042\u306a\u305f\u3068\u4e00\u7dd2\u306b\u640d\u5931\u3092\u5782\u308c\u6d41\u3057\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u300c\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3064\u3044\u3066\u306f\u805e\u304b\u306a\u3044\u3067\u304f\u308c\u300d\u3068\u3044\u3046\u306e\u306f\u3001\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u767a\u8a00\u3092\u30d5\u30a9\u30ed\u30fc\u3057\u3066\u3044\u308b\u8aad\u8005\u306b\u3068\u3063\u3066\u306f\u3082\u306f\u3084\u5f7c\u306e\u5e38\u5957\u53e5\u306e\u3088\u3046\u306b\u805e\u3053\u3048\u308b\u3060\u308d\u3046\u3002<\/p>\n<p>\u307e\u305f\u3001\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u9577\u671f\u30db\u30fc\u30eb\u30c9\u3057\u3066\u3044\u3089\u308c\u308b\u79d8\u8a23\u306b\u3064\u3044\u3066\u3001\u904e\u5ea6\u306a\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u639b\u3051\u306a\u3044\u3053\u3068\u306e\u5927\u5207\u3055\u306b\u8a00\u53ca\u3059\u308b\u3002\u81ea\u8650\u3082\u5fd8\u308c\u3066\u3044\u306a\u3044\u3002<\/p>\n<blockquote><p>\u4fe1\u7528\u53d6\u5f15\u3067\u83ab\u5927\u306a\u8cc7\u91d1\u3092\u501f\u308a\u5165\u308c\u3066\u5c11\u6570\u306e\u9298\u67c4\u306b\u96c6\u4e2d\u6295\u8cc7\u3059\u308b\u3088\u3046\u306a\u4eba\u3005\u3067\u3001\u304b\u3064\u6295\u8cc7\u304c\u3042\u307e\u308a\u4e0a\u624b\u304f\u306a\u3044\u4eba\u3005\u306f\u3001\u6295\u8cc7\u3067\u7a7a\u4e2d\u5206\u89e3\u3059\u308b\u904b\u547d\u306b\u3042\u308b\u3002\u3042\u308b\u3044\u306f\u308f\u305f\u3057\u306e\u6295\u8cc7\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u3042\u307e\u308a\u306b\u7d76\u671b\u7684\u306a\u305f\u3081\u306b\u3001\u308f\u305f\u3057\u304c\u7a7a\u4e2d\u5206\u89e3\u3059\u308b\u306e\u304c\u5148\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p><\/blockquote>\n<p><strong>\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a<\/strong><\/p>\n<p>\u3057\u304b\u3057\u306a\u304c\u3089\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u306b\u3064\u3044\u3066\u306f\u50b5\u5238\u6295\u8cc7\u306e\u4e16\u754c\u3067\u6700\u3082\u8457\u540d\u306a\u4e8c\u4eba\u3001\u30b0\u30ed\u30b9\u6c0f\u3068\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u3082\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u53ef\u80fd\u6027\u3092\u6307\u6458\u3057\u3066\u3044\u308b\u3002\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a\u81ea\u4f53\u306f\u6b63\u3057\u3044\u30a2\u30a4\u30c7\u30a3\u30a2\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6066\">\u30d3\u30eb\u30fb\u30b0\u30ed\u30b9\u6c0f: \u7c73\u56fd\u682a\u3082\u30b8\u30e3\u30f3\u30af\u50b5\u3082\u9ad8\u904e\u304e\u308b\u3001\u7d4c\u6e08\u6210\u9577\u306f\u904e\u53bb\u306e\u3082\u306e<\/a><\/li>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5038\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u9577\u671f\u91d1\u52293%\u3067\u30b8\u30e3\u30f3\u30af\u50b5\u66b4\u843d\u3001\u7c73\u56fd\u682a\u3082\u4e0b\u843d\u3078<\/a><\/li>\n<\/ul>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u81ea\u8eab\u3082\u8a00\u3046\u901a\u308a\u3001\u554f\u984c\u306f\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u30bf\u30a4\u30df\u30f3\u30b0\u306e\u5206\u304b\u3089\u306a\u3044\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306b\u52a9\u3051\u821f\u3092\u51fa\u3057\u3066\u304a\u3051\u3070\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u304c\u5d29\u58ca\u3059\u308b\u306e\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u30a4\u30f3\u30d5\u30e9\u6295\u8cc7\u306b\u672c\u8170\u3092\u5165\u308c\u3001\u56fd\u50b5\u306e\u767a\u884c\u984d\u3092\u5897\u3084\u3057\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u5f37\u884c\u3059\u308b\u5834\u5408\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/5069\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u8d85\u9577\u671f\u50b5\u767a\u884c\u3067\u30b8\u30e3\u30f3\u30af\u50b5\u306f\u66b4\u843d\u3059\u308b<\/a><\/li>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6436\">\u7c73\u56fd\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u7e2e\u5c0f\u3067\u66b4\u843d\u3059\u308b\u5e02\u5834\u3001\u9298\u67c4\u4e00\u89a7<\/a><\/li>\n<\/ul>\n<p>\u3053\u308c\u306f\u6642\u671f\u3068\u3057\u3066\u306f2017\u5e74\u672b\u304b\u30892018\u5e74\u306b\u639b\u3051\u3066\u306e\u3053\u3068\u3067\u3042\u308a\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3068Fed\u306e\u52d5\u5411\u306b\u3088\u3063\u3066\u524d\u5f8c\u3059\u308b\u3053\u3068\u3082\u3042\u308b\u3060\u308d\u3046\u3002\u3053\u306e\u8fba\u308a\u306b\u3064\u3044\u3066\u306f\u9010\u6b21\u5831\u3058\u3066\u3086\u304f\u3002<\/p>\n<p>\u307e\u305f\u3001\u6570\u5024\u7684\u306a\u95be\u5024\u304c\u4f55\u51e6\u304b\u3068\u8a00\u3048\u3070\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306b\u9577\u671f\u91d1\u5229\u304c3%\u306b\u5dee\u3057\u639b\u304b\u308b\u8fba\u308a\u3060\u308d\u3046\u3068\u601d\u3046\u3002\u9577\u671f\u91d1\u5229\u306f\u30b8\u30e3\u30f3\u30af\u50b5\u306b\u3068\u3063\u3066\u3082\u30c9\u30eb\u306b\u3068\u3063\u3066\u3082\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u3082\u91cd\u8981\u306a\u6307\u6a19\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u30b8\u30e3\u30f3\u30af\u50b5\u306b\u3064\u3044\u3066\u306f\u3001\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u898b\u308c\u3070\u5916\u3057\u305f\u3088\u3046\u306b\u898b\u3048\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306f\u9593\u9055\u3044\u306a\u304f\u4e16\u754c\u30c8\u30c3\u30d7\u30af\u30e9\u30b9\u306e\u30a2\u30ca\u30ea\u30b9\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u6295\u8cc7\u3092\u884c\u3046\u305f\u3081\u306b\u306f\u3001\u30ea\u30b5\u30fc\u30c1\u3068\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u4e21\u65b9\u3092\u884c\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u3053\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u306f\u3001\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3067\u30c8\u30ec\u30fc\u30c9\u3092\u62c5\u5f53\u3057\u3066\u3044\u305f\u30bd\u30ed\u30b9\u6c0f\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3082\u3042\u308a\u3001\u305d\u3053\u3067\u306f\u512a\u308c\u305f\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u306a\u308b\u305f\u3081\u306e\u6761\u4ef6\u306b\u3064\u3044\u3066\u306e\u5f7c\u306e\u610f\u898b\u3082\u8ff0\u3079\u3089\u308c\u3066\u3044\u308b\u3002\u5f15\u304d\u7d9a\u304d\u305d\u306e\u90e8\u5206\u3082\u53d6\u308a\u4e0a\u3052\u3088\u3046\u3068\u601d\u3063\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3068\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u8a2d\u7acb\u3057\u305f\u3053\u3068\u3067\u77e5\u3089\u308c\u308b\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08Forbes\u3001\u539f\u6587\u82f1\u8a9e\uff09\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u304c\u4ee5\u524d\u63a8\u5968\u3057\u3066\u3044\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a\u306b\u95a2\u3059 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6470\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u304c\u307e\u3060\u66b4\u843d\u3057\u3066\u3044\u306a\u3044\u304c\u3068\u8cac\u3081\u3089\u308c\u308b<\/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":[118,108],"tags":[29],"class_list":["post-6470","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jim-rogers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6470","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=6470"}],"version-history":[{"count":11,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6470\/revisions"}],"predecessor-version":[{"id":6482,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/6470\/revisions\/6482"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=6470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=6470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=6470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}