{"id":66123,"date":"2025-06-02T20:00:00","date_gmt":"2025-06-02T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=66123"},"modified":"2025-06-02T14:12:25","modified_gmt":"2025-06-02T05:12:25","slug":"%e3%83%8d%e3%82%a4%e3%83%94%e3%82%a2%e6%b0%8f%e3%80%81%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%af%e7%b1%b3%e5%9b%bd%e5%82%b5%e4%b8%8b%e8%90%bd%e3%81%a7%e8%b3%87%e6%9c%ac%e7%b5%b1%e5%88%b6%e3%82%92","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/66123","title":{"rendered":"\u30cd\u30a4\u30d4\u30a2\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u7c73\u56fd\u50b5\u4e0b\u843d\u3067\u8cc7\u672c\u7d71\u5236\u3092\u884c\u3046\u3068\u4e88\u60f3"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306e\u3001Hidden Forces\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u554f\u984c\u3067\u7c73\u56fd\u50b5\u304c\u4e0b\u843d\u3057\u305f\u5834\u5408\u306e\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u652f\u3048\u306e\u8a71\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u554f\u984c\u3068\u7c73\u56fd\u50b5\u306e\u4e0b\u843d<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u304a\u99b4\u67d3\u307f\u3060\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u554f\u984c\u306f\u304b\u306a\u308a\u53b3\u3057\u3044\u72b6\u6cc1\u306b\u7f6e\u304b\u308c\u3066\u3044\u308b\u3002\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306fGDP\u306e4%\u306b\u5c4a\u304d\u304b\u3051\u3066\u304a\u308a\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u304c\u501f\u91d1\u306e\u5229\u6255\u3044\u3068\u3044\u3046\u72b6\u6cc1\u306b\u9665\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7c73\u56fd\u653f\u5e9c\u306f\u56fd\u50b5\u306e\u5229\u6255\u3044\u306e\u305f\u3081\u306b\u65b0\u898f\u306e\u56fd\u50b5\u3092\u767a\u884c\u3057\u3066\u304a\u308a\u3001\u5927\u91cf\u306b\u767a\u884c\u3055\u308c\u305f\u7c73\u56fd\u50b5\u304c\u56fd\u50b5\u4fa1\u683c\u3092\u4e0b\u843d\u3055\u305b\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u61f8\u5ff5\u306e\u4e2d\u30014\u6708\u306e\u682a\u5b89\u306e\u6700\u4e2d\u306b\u7c73\u56fd\u50b5\u304c\u6025\u843d\u3057\u305f\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>\u305d\u308c\u3067\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u3002\u305d\u308c\u3067\u50b5\u5238\u5e02\u5834\u306f\u4e00\u65e6\u843d\u3061\u7740\u3044\u305f\u304c\u3001\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u7c73\u56fd\u50b5\u306e\u4e0b\u843d\u3092\u9577\u671f\u7684\u306b\u306f\u907f\u3051\u3089\u308c\u306a\u3044\u3082\u306e\u3068\u898b\u306a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30ea\u30ba\u30fb\u30c8\u30e9\u30b9\u30fb\u30e2\u30fc\u30e1\u30f3\u30c8<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u3053\u308c\u304b\u3089\u3069\u3046\u306a\u308b\u306e\u304b\u3002\u30cd\u30a4\u30d4\u30a2\u6c0f\u306e\u4e88\u60f3\u3067\u306f\u3001\u7c73\u56fd\u50b5\u306e\u72b6\u6cc1\u304c\u6301\u7d9a\u4e0d\u53ef\u80fd\u3067\u3042\u308b\u3053\u3068\u3092\u793a\u3059\u4f55\u3089\u304b\u306e\u51fa\u6765\u4e8b\u304c\u8d77\u304d\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30c8\u30ea\u30ac\u30fc\u3068\u306a\u308b\u51fa\u6765\u4e8b\u306e\u3046\u3061\u3001\u3082\u3063\u3068\u3082\u660e\u3089\u304b\u306a\u3082\u306e\u306f\u91d1\u5229\u306e\u6025\u9a30\u3060\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u3082\u3046\u65e2\u306b\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u8cbb\u7528\u304c\u304b\u306a\u308a\u9ad8\u3044\u6c34\u6e96\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3044\u3046\u51fa\u6765\u4e8b\u306f\u4eca\u3084\u30ea\u30ba\u30fb\u30c8\u30e9\u30b9\u30fb\u30e2\u30fc\u30e1\u30f3\u30c8\u3068\u547c\u3070\u308c\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91d1\u5229\u304c\u6025\u9a30\u3059\u308c\u3070\u3001\u56fd\u50b5\u306e\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u56fd\u50b5\u304c\u4e0b\u843d\u3057\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3042\u308b\u3044\u306f\u56fd\u50b5\u306e\u5165\u672d\u304c\u4e0d\u8abf\u306b\u306a\u308b\u3053\u3068\u3092\u4e88\u60f3\u3059\u308b\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u306f\u591a\u3044\u3002\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u304c\u8db3\u308a\u306a\u304f\u306a\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30ea\u30ba\u30fb\u30c8\u30e9\u30b9\u30fb\u30e2\u30fc\u30e1\u30f3\u30c8\u3068\u306f\u4f55\u304b\u3002\u30ea\u30ba\u30fb\u30c8\u30e9\u30b9\u6c0f\u306f\u5143\u30a4\u30ae\u30ea\u30b9\u306e\u9996\u76f8\u3067\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u9177\u304b\u3063\u305f\u6642\u671f\u306b\u7121\u8b00\u306a\u8ca1\u653f\u652f\u51fa\u3092\u7d04\u675f\u3057\u3066\u30dd\u30f3\u30c9\u3068\u82f1\u56fd\u50b5\u3068\u82f1\u56fd\u682a\u3092\u3059\u3079\u3066\u6025\u843d\u3055\u305b\u3001\u77ac\u6642\u306b\u9000\u9663\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u305f\u653f\u6cbb\u5bb6\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u6642\u306e\u3053\u3068\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u7e8f\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/30020\" data-type=\"post\" data-id=\"30020\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u666f\u6c17\u5f8c\u9000\u3067\u8ca1\u653f\u652f\u51fa\u3059\u308b\u56fd\u306f\u30a4\u30ae\u30ea\u30b9\u306e\u4e8c\u306e\u821e\u306b\u306a\u308b (2022\/10\/22)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5c11\u3057\u524d\u307e\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u4e3b\u7fa9\u8005\u305f\u3061\u306b\u3088\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u3068\u56fd\u50b5\u4e0b\u843d\u306e\u7d44\u307f\u5408\u308f\u305b\u306f\u5148\u9032\u56fd\u3067\u306f\u8d77\u304d\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u304c\u307e\u3053\u3068\u3057\u3084\u304b\u306b\u56c1\u304b\u308c\u3066\u3044\u305f\u3002\u3060\u304c\u30b3\u30ed\u30ca\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u3067\u305d\u308c\u306f\u5b9f\u969b\u306b\u30a4\u30ae\u30ea\u30b9\u306b\u8d77\u3053\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u3082\u540c\u3058\u3053\u3068\u306f\u307e\u3055\u304b\u30a2\u30e1\u30ea\u30ab\u306b\u306f\u8d77\u304d\u306a\u3044\u3060\u308d\u3046\u3068\u591a\u304f\u306e\u4eba\u304c\u601d\u3063\u3066\u3044\u305f\u3002\u305d\u3057\u3066\u305d\u308c\u304c\u4eca\u5e744\u6708\u306e\u682a\u5b89\u3067\u8d77\u3053\u3063\u305f\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64264\" data-type=\"post\" data-id=\"64264\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30c9\u30eb\u3068\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306e\u30c8\u30ea\u30d7\u30eb\u5b89\u3001\u30a2\u30e1\u30ea\u30ab\u304b\u3089\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u3066\u3044\u308b (2025\/4\/28)<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u56fd\u50b5\u6025\u843d\u304b\u3089\u8cc7\u672c\u7d71\u5236\u3078<\/strong><\/p>\n\n\n\n<p>\u4eca\u306f\u4e00\u65e6\u53ce\u307e\u3063\u3066\u3044\u308b\u304c\u3001\u307e\u305f\u540c\u3058\u3053\u3068\u304c\u8d77\u304d\u308b\u53ef\u80fd\u6027\u306f\u9ad8\u3044\u3068\u7b46\u8005\u3082\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u56fd\u50b5\u304c\u4e0b\u843d\u3059\u308c\u3070\u653f\u5e9c\u304c\u307e\u305a\u8003\u3048\u308b\u306e\u306f\u4e2d\u592e\u9280\u884c\u306e\u7d19\u5e63\u5370\u5237\u306b\u3088\u308b\u56fd\u50b5\u8cb7\u3044\u5165\u308c\u3060\u304c\u3001\u30c8\u30e9\u30b9\u653f\u6a29\u306e\u3088\u3046\u306b\u81ea\u56fd\u901a\u8ca8\u304c\u6025\u843d\u3057\u3066\u3044\u308b\u72b6\u6cc1\u4e0b\u3067\u306f\u6052\u5e38\u7684\u306a\u7d19\u5e63\u5370\u5237\u306f\u81ea\u6bba\u884c\u70ba\u3068\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u306a\u308c\u3070\u3069\u3046\u306a\u308b\u304b\u3002\u7d19\u5e63\u5370\u5237\u3067\u306f\u72b6\u6cc1\u3092\u6551\u3048\u306a\u304f\u306a\u3063\u305f\u5834\u5408\u306e\u6b21\u306e\u624b\u6bb5\u306b\u3064\u3044\u3066\u30cd\u30a4\u30d4\u30a2\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>\u5371\u6a5f\u306e\u30c8\u30ea\u30ac\u30fc\u3092\u5f15\u304f\u4f55\u3089\u304b\u306e\u51fa\u6765\u4e8b\u304c\u3042\u308a\u3001\u305d\u3057\u3066\u8cc7\u672c\u7d71\u5236\u304c\u884c\u308f\u308c\u308b\u3002\u8cc7\u672c\u7d71\u5236\u306f\u3001\u4e00\u898b\u8cc7\u672c\u7d71\u5236\u306b\u306f\u898b\u3048\u306a\u3044\u5f62\u3067\u884c\u308f\u308c\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u8cc7\u7523\u4fa1\u683c\u3092\u62bc\u3057\u4e0a\u3052\u308b\u305f\u3081\u306e\u653f\u5e9c\u306e\u653f\u7b56\u306f\u65e5\u3005\u9032\u5316\u3057\u3066\u304d\u305f\u3002\u4f4e\u91d1\u5229\u653f\u7b56\u306f\u7d19\u5e63\u5370\u5237\u306b\u306a\u308a\u3001\u7d19\u5e63\u5370\u5237\u306f\u73fe\u91d1\u7d66\u4ed8\u3068\u306a\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u73fe\u91d1\u7d66\u4ed8\u304c\u4f55\u306b\u306a\u308b\u306e\u304b\u3068\u8a00\u3048\u3070\u3001\u6b21\u306f\u8cc7\u672c\u7d71\u5236\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u8cc7\u672c\u7d71\u5236\u306e\u5177\u4f53\u6848<\/strong><\/p>\n\n\n\n<p>\u56fd\u50b5\u304c\u6025\u843d\u3057\u3066\u3044\u308b\u72b6\u6cc1\u4e0b\u3067\u4e2d\u592e\u9280\u884c\u304c\u52d5\u3051\u306a\u3044\u3068\u306a\u308c\u3070\u3001\u653f\u6cbb\u5bb6\u304c\u6b21\u306b\u8003\u3048\u308b\u306e\u306f\u56fd\u50b5\u306e\u58f2\u5374\u3092\u7981\u3058\u308b\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u3001\u653f\u5e9c\u304c\u982d\u3092\u60a9\u307e\u305b\u308b\u306e\u306f\u5916\u56fd\u4eba\u306b\u3088\u308b\u56fd\u50b5\u58f2\u308a\u3067\u3042\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u5916\u56fd\u4eba\u306b\u3088\u308b\u56fd\u50b5\u306e\u58f2\u308a\u306f\u56fd\u50b5\u3060\u3051\u3067\u306a\u304f\u901a\u8ca8\u306e\u4e0b\u843d\u306b\u3082\u7e4b\u304c\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64264\" data-type=\"post\" data-id=\"64264\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30c9\u30eb\u3068\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306e\u30c8\u30ea\u30d7\u30eb\u5b89\u3001\u30a2\u30e1\u30ea\u30ab\u304b\u3089\u8cc7\u91d1\u304c\u6d41\u51fa\u3057\u3066\u3044\u308b (2025\/4\/28)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u653f\u6cbb\u5bb6\u306f\u305d\u308c\u3092\u7981\u6b62\u3057\u305f\u3044\u3002\u3060\u304c\u305d\u3093\u306a\u3053\u3068\u3092\u3059\u308c\u3070\u3082\u3046\u8ab0\u3082\u65b0\u305f\u306b\u56fd\u50b5\u3092\u8cb7\u308f\u306a\u304f\u306a\u308b\u3002\u3060\u304b\u3089\u6b74\u53f2\u4e0a\u653f\u6cbb\u5bb6\u304c\u5b9f\u969b\u306b\u3084\u3063\u3066\u304d\u305f\u624b\u6bb5\u306f\u305d\u308c\u3068\u306f\u5c11\u3057\u9055\u3046\u3002<\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\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>\u6700\u521d\u306e\u4e00\u624b\u306f\u5916\u56fd\u4eba\u306b\u56fd\u50b5\u306e\u58f2\u308a\u3092\u7981\u6b62\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u56fd\u6c11\u306b\u8cb7\u3044\u3092\u5f37\u8981\u3059\u308b\u3053\u3068\u3060\u3002\u5916\u56fd\u4eba\u306b\u56fd\u50b5\u306e\u58f2\u5374\u3092\u7981\u3058\u308b\u306e\u306f\u6975\u3081\u3066\u6575\u5bfe\u7684\u3067\u975e\u5e38\u306b\u5371\u967a\u306a\u63aa\u7f6e\u3067\u3001\u30c9\u30eb\u306e\u57fa\u8ef8\u901a\u8ca8\u3068\u3057\u3066\u306e\u5730\u4f4d\u3092\u5927\u304d\u304f\u640d\u306a\u3063\u3066\u3057\u307e\u3046\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u653f\u5e9c\u304c\u4e00\u756a\u5f71\u97ff\u3092\u884c\u4f7f\u3057\u3084\u3059\u3044\u56fd\u5185\u306e\u8cb7\u3044\u624b\u306f\u9280\u884c\u3067\u3042\u308b\u3002\u3060\u304b\u3089\u9280\u884c\u306b\u56fd\u50b5\u3092\u8ffd\u52a0\u3067\u8cfc\u5165\u3055\u305b\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u5143\u3005\u56fd\u50b5\u3092\u8cb7\u3063\u3066\u3044\u308b\u9280\u884c\u306b\u66f4\u306b\u56fd\u50b5\u3092\u8cb7\u308f\u305b\u308b\u305f\u3081\u306b\u306f\u3001\u9280\u884c\u306b\u4ed6\u306e\u4f55\u304b\u3092\u58f2\u3089\u305b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u3060\u304b\u3089\u30cd\u30a4\u30d4\u30a2\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>\u308f\u305f\u3057\u306f\u56fd\u6c11\u306b\u56fd\u50b5\u306e\u8cb7\u3044\u3092\u5f37\u8981\u3059\u308b\u3053\u3068\u3092\u8cc7\u672c\u7d71\u5236\u306e\u4e00\u7a2e\u3060\u3068\u8003\u3048\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u4ee3\u308f\u308a\u306b\u4f55\u3092\u58f2\u3089\u305b\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u305d\u308c\u306f\u5e38\u306b\u56fd\u5916\u8cc7\u7523\u3060\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3046\u3057\u3066\u56fd\u5916\u8cc7\u7523\u3092\u58f2\u3089\u305b\u3001\u81ea\u56fd\u306e\u56fd\u50b5\u3092\u8cb7\u308f\u305b\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u56fd\u50b5\u3068\u901a\u8ca8\u3092\u8868\u9762\u7684\u306b\u306f\u4e21\u65b9\u6551\u3046\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u308c\u3092\u898b\u305f\u6d77\u5916\u6295\u8cc7\u5bb6\u3084\u56fd\u6c11\u306f\u3001\u305d\u306e\u56fd\u304b\u3089\u8cc7\u7523\u3092\u5fc5\u6b7b\u3067\u9003\u304c\u305d\u3046\u3068\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7e8f\u3081\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>\u91d1\u5229\u304c\u6025\u9a30\u3059\u308c\u3070\u3001\u653f\u5e9c\u306f\u8cc7\u91d1\u8abf\u9054\u304c\u56f0\u96e3\u306b\u306a\u308b\u3002\u6c11\u9593\u304c\u304a\u91d1\u3092\u501f\u308a\u308b\u6642\u306f\u56fd\u50b5\u4ee5\u4e0a\u306e\u91d1\u5229\u3092\u652f\u6255\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u306e\u3067\u3001\u6c11\u9593\u3067\u3082\u50b5\u52d9\u5371\u6a5f\u304c\u8d77\u3053\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3057\u3066\u9280\u884c\u306a\u3069\u306b\u56fd\u50b5\u3092\u8cb7\u3044\u53d6\u3089\u305b\u308b\u3002\u305d\u308c\u306f\u5b9f\u8cea\u7684\u306b\u306f\u6d77\u5916\u304b\u3089\u306e\u8cc7\u91d1\u5f15\u304d\u63da\u3052\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u6700\u7d42\u7684\u306b\u306f\u3001\u305d\u308c\u3067\u3082\u56fd\u50b5\u3092\u52a9\u3051\u3089\u308c\u306a\u3044\u306a\u3089\u3001\u5916\u56fd\u4eba\u306e\u56fd\u50b5\u58f2\u5374\u7981\u6b62\u3068\u3044\u3046\u6700\u5f8c\u306e\u624b\u6bb5\u306b\u8a34\u3048\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u307e\u305f\u3001\u4eca\u3082\u3046\u65e2\u306b\u91d1\u4fa1\u683c\u304c\u6025\u9a30\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u7d19\u5e63\u3084\u56fd\u50b5\u304b\u3089\u8cc7\u91d1\u304c\u6d41\u51fa\u3059\u308c\u3070\u30b4\u30fc\u30eb\u30c9\u306a\u3069\u306e\u8cb4\u91d1\u5c5e\u306b\u8cc7\u91d1\u304c\u6d41\u5165\u3059\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64951\" data-type=\"post\" data-id=\"64951\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 50%\u4e0a\u6607\u3057\u305f\u91d1\u4fa1\u683c\u306f\u66f4\u306b4,000\u30c9\u30eb\u307e\u3067\u4e0a\u304c\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63602\" data-type=\"post\" data-id=\"63602\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u682a\u4fa1\u3068\u56fd\u50b5\u3068\u4e0d\u52d5\u7523\u306f\u66b4\u843d\u3057\u3066\u30b4\u30fc\u30eb\u30c9\u3060\u3051\u304c\u4fa1\u5024\u3092\u4fdd\u3064<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u3092\u907f\u3051\u308b\u305f\u3081\u306b\u30b4\u30fc\u30eb\u30c9\u306e\u7981\u8f38\u3084\u58f2\u8cb7\u7981\u6b62\u306a\u3069\u3082\u884c\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002\u7d19\u5e63\u3068\u56fd\u50b5\u304b\u3089\u4eba\u3005\u304c\u9003\u3052\u3089\u308c\u306a\u3044\u3088\u3046\u306b\u3059\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u8aad\u8005\u306b\u8a00\u3048\u308b\u3053\u3068\u306f\u3001\u9003\u3052\u3089\u308c\u308b\u5185\u306b\u9003\u3052\u3066\u304a\u304f\u3053\u3068\u3067\u3042\u308b\u3002\u4f4e\u91d1\u5229\u653f\u7b56\u304c\u91cf\u7684\u7de9\u548c\u306b\u306a\u308a\u3001\u91cf\u7684\u7de9\u548c\u304c\u3082\u3046\u65e2\u306b\u73fe\u91d1\u7d66\u4ed8\u306b\u306f\u306a\u3063\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u73fe\u91d1\u7d66\u4ed8\u304c\u8cc7\u672c\u7d71\u5236\u306b\u306a\u308b\u307e\u3067\u306b\u305d\u308c\u307b\u3069\u306e\u5e74\u6708\u304c\u3042\u308b\u3068\u306f\u601d\u3048\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u6d41\u308c\u306f\u6b74\u53f2\u3092\u7406\u89e3\u3057\u3066\u3044\u306a\u3051\u308c\u3070\u7406\u89e3\u3067\u304d\u306a\u3044\u3002Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u8a00\u3046\u3088\u3046\u306b\u3001\u4eca\u751f\u304d\u3066\u3044\u308b\u4eba\u3005\u304c\u307e\u3060\u7d4c\u9a13\u3057\u3066\u3044\u306a\u3044\u51fa\u6765\u4e8b\u3082\u3001\u6b74\u53f2\u4e0a\u3067\u306f\u7e70\u308a\u8fd4\u3057\u305d\u3046\u306a\u3063\u3066\u304d\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u30701929\u5e74\u306e\u4e16\u754c\u6050\u614c\u306e\u3042\u3068\u3001\u300c\u7de9\u548c\u653f\u7b56\u300d\u304c\u7c73\u56fd\u50b5\u4e0b\u843d\u304b\u3089\u306e\u8cc7\u672c\u7d71\u5236\u307e\u3067\u9032\u5316\u3057\u305f\u4e8b\u4f8b\u304c\u3042\u308a\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u300e<a 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\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u305d\u3046\u306a\u308b\u3068\u5206\u304b\u308b\u306e\u304b\uff1f\u3000\u6b74\u53f2\u4e0a\u3001\u305d\u308c\u306f\u3044\u3064\u3082\u306e\u3053\u3068\u3060\u304b\u3089\u3060\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","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306e\u3001Hidden Forces\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u4eca\u56de\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u554f\u984c\u3067\u7c73\u56fd\u50b5\u304c\u4e0b\u843d\u3057\u305f\u5834\u5408\u306e\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u652f\u3048\u306e\u8a71\u3067\u3042\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":[118,108],"tags":[202],"class_list":["post-66123","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-russell-napier"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/66123","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=66123"}],"version-history":[{"count":36,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/66123\/revisions"}],"predecessor-version":[{"id":66162,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/66123\/revisions\/66162"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=66123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=66123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=66123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}