{"id":66960,"date":"2025-06-26T20:00:00","date_gmt":"2025-06-26T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=66960"},"modified":"2025-06-26T17:45:42","modified_gmt":"2025-06-26T08:45:42","slug":"%e3%83%8d%e3%82%a4%e3%83%94%e3%82%a2%e6%b0%8f-%e6%a0%aa%e5%bc%8f%e6%8a%95%e8%b3%87%e3%81%ab%e9%ab%98%e3%81%84%e3%83%aa%e3%82%bf%e3%83%bc%e3%83%b3%e3%82%92%e6%b1%82%e3%82%81%e3%82%8b%e5%80%8b%e4%ba%ba","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/66960","title":{"rendered":"\u30cd\u30a4\u30d4\u30a2\u6c0f: \u682a\u5f0f\u6295\u8cc7\u306b\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u6c42\u3081\u308b\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u5931\u6557\u3059\u308b\u7406\u7531"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306e\u3001Making Money Podcast\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u682a\u5f0f\u5e02\u5834\u306b\u6295\u8cc7\u3059\u308b\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u7fa4\u96c6\u5fc3\u7406\u3068\u30d0\u30d6\u30eb<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u3001\u91d1\u878d\u5e02\u5834\u306b\u306f\u7fa4\u96c6\u5fc3\u7406\u304c\u5927\u3044\u306b\u50cd\u3044\u3066\u3044\u308b\u3053\u3068\u3092\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\/66935\" data-type=\"post\" data-id=\"66935\">\u30cd\u30a4\u30d4\u30a2\u6c0f: \u91d1\u878d\u5e02\u5834\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u306f\u7fa4\u96c6\u5fc3\u7406\u3092\u7406\u89e3\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u7fa4\u96c6\u5fc3\u7406\u304c\u30d0\u30d6\u30eb\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u308b\u3002\u4eba\u3005\u304c\u305d\u306e\u8cc7\u7523\u306b\u62bc\u3057\u5bc4\u305b\u3001\u3042\u308b\u7a0b\u5ea6\u306e\u6642\u9593\u304c\u7d4c\u3066\u3070\u305d\u306e\u8cc7\u7523\u304b\u3089\u96e2\u308c\u308b\u3053\u3068\u3067\u30d0\u30d6\u30eb\u306e\u751f\u6210\u3068\u5d29\u58ca\u304c\u51fa\u6765\u4e0a\u304c\u308b\u3002<\/p>\n\n\n\n<p>\u3055\u3066\u3001\u4eca\u30d0\u30d6\u30eb\u306f\u5b58\u5728\u3057\u3066\u3044\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u91d1\u878d\u696d\u754c\u306e\u4eba\u9593\u306e\u307f\u306a\u3089\u305a\u3001\u666e\u6bb5\u306a\u3089\u3070\u682a\u5f0f\u3084\u50b5\u5238\u3084\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306a\u3069\u306b\u624b\u3092\u51fa\u305d\u3046\u3068\u3055\u3048\u601d\u308f\u306a\u3044\u3088\u3046\u306a\u4eba\u3005\u304c\u3001\u3053\u305e\u3063\u3066\u8cb7\u3063\u3066\u3044\u308b\u8cc7\u7523\u306f\u3042\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u305d\u308c\u306f\u682a\u5f0f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u5e73\u5747\u30ea\u30bf\u30fc\u30f3<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u53f8\u4f1a\u8005\u306f\u3042\u308b\u7d71\u8a08\u3092\u6301\u3061\u51fa\u3057\u3066\u3044\u308b\u3002\u4e16\u754c\u306e\u682a\u5f0f\u306e\u5e73\u5747\u30ea\u30bf\u30fc\u30f3\u306f6%\u3067\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u5e73\u5747\u30ea\u30bf\u30fc\u30f3\u306f3%\u3067\u3042\u308b\u3068\u3044\u3046\u3082\u306e\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5dee\u306f\u4f55\u306a\u306e\u304b\uff1f\u30003%\u306f\u4f55\u51e6\u3078\u6d88\u3048\u305f\u306e\u304b\uff1f\u3000\u305d\u308c\u306f\u3001\u30cd\u30a4\u30d4\u30a2\u6c0f\u306b\u3088\u308c\u3070\u3001\u305d\u308c\u306f\u8cb7\u3044\u3068\u58f2\u308a\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3060\u3068\u3044\u3046\u3002<\/p>\n\n\n\n<p>\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>\u5e73\u5747\u7684\u306a\u6295\u8cc7\u5bb6\u306f\u591a\u304f\u3092\u671b\u307f\u3059\u304e\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5f7c\u3089\u304c\u304c\u4f55\u3092\u3084\u308b\u304b\uff1f\u3000\u5f7c\u3089\u306f\u682a\u5f0f\u3092\u305a\u3063\u3068\u6301\u3061\u7d9a\u3051\u3001\u682a\u5f0f\u5e02\u5834\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u3059\u3079\u3066\u5f97\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u5f7c\u3089\u306f\u682a\u5f0f\u5e02\u5834\u304c\u826f\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u51fa\u3057\u305f\u5e74\u304c\u7d9a\u3044\u305f\u5f8c\u306b\u53c2\u5165\u3057\u3066\u3001\u682a\u5f0f\u3092\u8cb7\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u682a\u5f0f\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u5e73\u5747\u306b\u56de\u5e30\u3059\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u682a\u5f0f\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u5e73\u5747\u306b\u56de\u5e30\u3059\u308b\u3002\u305d\u308c\u306f\u30b5\u30a4\u30b3\u30ed\u3067\u3082\u540c\u3058\u3060\u30026\u304c5\u56de\u9023\u7d9a\u3067\u51fa\u305f\u304b\u3089\u3068\u3044\u3063\u3066\u30016\u304c\u305f\u304f\u3055\u3093\u51fa\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u53c2\u5165\u3059\u308c\u3070\u75db\u3044\u76ee\u306b\u906d\u3046\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u682a\u5f0f\u306e\u5834\u5408\u306f\u30b5\u30a4\u30b3\u30ed\u3088\u308a\u3082\u66f4\u306b\u72b6\u6cc1\u304c\u60aa\u3044\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u30b5\u30a4\u30b3\u30ed\u306e\u5834\u5408\u306f\u524d\u56de6\u304c\u51fa\u305f\u3053\u3068\u306f\u6b21\u306b6\u304c\u51fa\u306a\u3044\u7406\u7531\u306b\u306f\u306a\u3089\u306a\u3044\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u682a\u5f0f\u306e\u5834\u5408\u306f\u30011\u3064\u306e\u682a\u5f0f\u304b\u3089\u6295\u8cc7\u5bb6\u304c\u5f97\u3089\u308c\u308b\u30ea\u30bf\u30fc\u30f3\u306f\u3001\u7a76\u6975\u7684\u306b\u306f\u6709\u9650\u3067\u3042\u308b\u30021\u3064\u306e\u682a\u5f0f\u304b\u3089\u5f97\u3089\u308c\u308b\u30ea\u30bf\u30fc\u30f3\u306e\u7dcf\u91cf\u306f\u3001\u305d\u306e\u4f01\u696d\u304c\u5275\u696d\u304b\u3089\u5ec3\u696d\u307e\u3067\u306b\u7372\u5f97\u3059\u308b\u7a0e\u5f15\u304d\u5f8c\u5229\u76ca\u306e\u7dcf\u91cf\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u3001\u3042\u308b\u5e74\u306b\u682a\u4fa1\u304c\u5927\u304d\u304f\u4e0a\u304c\u3063\u305f\u3053\u3068\u306f\u3001\u6700\u7d42\u7684\u306b\u306f\u6709\u9650\u3068\u306a\u308b\u30ea\u30bf\u30fc\u30f3\u306e\u7dcf\u91cf\u3092\u5148\u98df\u3044\u3057\u305f\u3053\u3068\u306b\u307b\u304b\u306a\u3089\u306a\u3044\u3002\u3060\u304b\u3089\u524d\u5e74\u306b\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u305f\u3053\u3068\u306f\u3001\u7fcc\u5e74\u4ee5\u964d\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u60aa\u304f\u306a\u308b\u539f\u56e0\u3068\u306a\u3063\u3066\u3057\u307e\u3046\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u904e\u53bb\u306e\u9ad8\u30ea\u30bf\u30fc\u30f3\u306f\u672a\u6765\u306e\u4f4e\u30ea\u30bf\u30fc\u30f3<\/strong><\/p>\n\n\n\n<p>\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>\u826f\u3044\u30ea\u30bf\u30fc\u30f3\u304c\u7d9a\u3044\u305f\u5f8c\u306b\u306f\u3001\u6050\u3089\u304f\u60aa\u3044\u30ea\u30bf\u30fc\u30f3\u304c\u7d9a\u304f\u300230%\u4e0b\u843d\u3059\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u30026%\u3067\u306f\u306a\u304f\u306a\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u3060\u3051\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u8a71\u306f\u7c21\u5358\u3067\u3042\u308b\u3002\u7d50\u5c40\u3001\u540c\u3058\u3082\u306e\u3092\u8cb7\u3046\u306a\u3089\u3070\u5b89\u3044\u307b\u3046\u304c\u826f\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u6628\u65e5100\u5186\u3060\u3063\u305f\u308a\u3093\u3054\u304c200\u5186\u306b\u306a\u3063\u3066\u3044\u3066\u3082\u8ab0\u3082\u559c\u3070\u306a\u3044\u3002\u3057\u304b\u3057\u53bb\u5e74100\u5186\u3060\u3063\u305f\u682a\u4fa1\u304c200\u5186\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u8cb7\u3044\u305f\u3044\u3068\u601d\u3046\u6295\u8cc7\u5bb6\u304c\u5927\u91cf\u306b\u5b58\u5728\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7d50\u5c40\u305d\u306e\u682a\u4fa1\u304c300\u5186\u306b\u306a\u308b\u3068\u3057\u3066\u3082\u3001200\u5186\u3067\u8cb7\u3063\u305f\u6295\u8cc7\u5bb6\u306f100\u5186\u3067\u8cb7\u3063\u305f\u6295\u8cc7\u5bb6\u3088\u308a\u3082\u640d\u3092\u3057\u3066\u3044\u308b\u3002\u7d50\u5c40150\u5186\u306b\u306a\u308b\u3068\u3059\u308c\u3070\u3001200\u5186\u3067\u8cb7\u3063\u305f\u6295\u8cc7\u5bb6\u306f\u8d64\u5b57\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u305f\u308a\u524d\u3067\u306f\u306a\u3044\u304b\u3002\u3060\u304c\u8ab0\u3082\u6c17\u3065\u304b\u306a\u3044\u3002\u305d\u308c\u3053\u305d\u304c\u7fa4\u96c6\u5fc3\u7406\u3067\u3042\u308b\u3002\u65e5\u5e38\u751f\u6d3b\u3067\u8ab0\u3082\u3084\u3089\u306a\u3044\u3088\u3046\u306a\u3053\u3068\u3092\u3001\u4ed6\u306e\u4eba\u304c\u3084\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3060\u3051\u306e\u7406\u7531\u3067\u305d\u308c\u3092\u3084\u308b\u3088\u3046\u306b\u306a\u308b\u3068\u304d\u3001\u305d\u308c\u3053\u305d\u304c\u7fa4\u96c6\u5fc3\u7406\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u682a\u4fa1\u304c\u3053\u308c\u307e\u3067\u4e0a\u304c\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u7406\u7531\u3067\u8cb7\u3063\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u306f\u3001\u307e\u3055\u306b\u305d\u306e\u7406\u7531\u306b\u3088\u308a\u904e\u53bb\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u5f97\u3089\u308c\u306a\u3044\u3002\u5f7c\u3089\u306f\u5fc5\u305a\u5e02\u5834\u304c\u4e00\u756a\u826f\u3044\u72b6\u614b\u306e\u6642\u306b\u5165\u3063\u3066\u304f\u308b\u3002\u3060\u304c\u300c\u826f\u3044\u300d\u3068\u306f\u300c\u9ad8\u3044\u300d\u3068\u3044\u3046\u610f\u5473\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u300c\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u300d\u3068\u3044\u3046\u7406\u7531\u3067\u682a\u3092\u8cb7\u3044\u59cb\u3081\u305f\u4eba\u306b\u306f\u66f4\u306b\u60aa\u3044\u30cb\u30e5\u30fc\u30b9\u304c\u3042\u308b\u3002\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>\u305d\u3057\u3066\u9006\u306e\u3053\u3068\u3082\u8a00\u3048\u308b\u3002\u30ea\u30bf\u30fc\u30f3\u304c\u60aa\u304f\u306a\u3063\u305f\u3068\u304d\u3001\u5f7c\u3089\u306f\u305d\u3053\u3067\u58f2\u308b\u3053\u3068\u304c\u591a\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u6642\u3053\u305d\u8cb7\u3046\u3079\u304d\u306a\u306e\u306b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3082\u3057\u682a\u5f0f\u3092\u8cb7\u3063\u305f\u7406\u7531\u304c\u300c\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u300d\u3053\u3068\u3067\u3042\u308b\u306a\u3089\u3070\u3001\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u3066\u3057\u307e\u3048\u3070\u6301\u3063\u3066\u3044\u308b\u7406\u7531\u304c\u306a\u304f\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5c06\u6765\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u81ea\u5206\u306e\u982d\u3067\u8a08\u7b97\u3067\u304d\u308b\u4eba\u306f\u305d\u306e\u9650\u308a\u3067\u306f\u306a\u3044\u3002\u4eca\u306e\u72b6\u6cc1\u304c\u3069\u3046\u3067\u3042\u308d\u3046\u3068\u3082\u3001\u5c06\u6765\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u4fe1\u3058\u3089\u308c\u308b\u306e\u306a\u3089\u3070\u3001\u66b4\u843d\u3057\u305f\u682a\u5f0f\u3092\u6301\u3061\u7d9a\u3051\u3089\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u904e\u53bb\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u6839\u62e0\u306b\u682a\u5f0f\u3092\u8cb7\u3046\u3068\u3001\u682a\u4fa1\u304c\u66b4\u843d\u3059\u308c\u3070\u305d\u306e\u6839\u62e0\u304c\u305f\u3061\u307e\u3061\u306a\u304f\u306a\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u7b46\u8005\u306f4\u6708\u306e\u682a\u5b89\u3067\u5927\u5e45\u4e0b\u843d\u3057\u305fAI\u95a2\u9023\u9298\u67c4\u306eLumentum\u3092\u5927\u304d\u304f\u8cb7\u3044\u5897\u3057\u305f\u300262\u30c9\u30eb\u306e\u6642\u306b\u3053\u306e\u6c34\u6e96\u306f\u5b89\u3059\u304e\u308b\u3068\u8a00\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066Lumentum\u306e\u682a\u4fa1\u306f91\u30c9\u30eb\u307e\u3067\u56de\u5fa9\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\/06\/2025-6-26-lumentum-nasdaq-lite-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"583\" height=\"478\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/06\/2025-6-26-lumentum-nasdaq-lite-chart.png\" alt=\"\" class=\"wp-image-67008\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/06\/2025-6-26-lumentum-nasdaq-lite-chart.png 583w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/06\/2025-6-26-lumentum-nasdaq-lite-chart-300x246.png 300w\" sizes=\"auto, (max-width: 583px) 100vw, 583px\" \/><\/a><\/figure>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u7b46\u8005\u304c\u3053\u306e\u9298\u67c4\u3092\u53bb\u5e74\u6700\u521d\u306b\u63a8\u3057\u305f\u6642\u3001\u682a\u4fa1\u306f52\u30c9\u30eb\u3060\u3063\u305f\u3002\u682a\u4fa1\u4e0a\u6607\u7387\u306f\u5358\u7d14\u8a08\u7b97\u306777%\u3060\u304c\u3001\u5b89\u3044\u3068\u3053\u308d\u3067\u8cb7\u3044\u5897\u3057\u3001\u9ad8\u3044\u3068\u3053\u308d\u3067\u305d\u306e\u5206\u3092\u58f2\u3063\u3066\u3044\u308b\u305f\u3081\u3001\u7b46\u8005\u306e\u5229\u76ca\u306f\u305d\u308c\u3088\u308a\u3082\u66f4\u306b\u5927\u304d\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/52474\" data-type=\"post\" data-id=\"52474\">NVIDIA\u306e\u6b21\u306b\u682a\u4fa1\u304c\u9ad8\u9a30\u3059\u308bAI\u9298\u67c4\u306fCoherent\u304bLumentum\u304b\uff1f (2024\/8\/19)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u81ea\u5206\u3067\u8cb7\u3063\u305f\u9298\u67c4\u306e\u5c06\u6765\u3092\u81ea\u5206\u306e\u982d\u3067\u8003\u3048\u3089\u308c\u308b\u304b\u3089\u3053\u3046\u3044\u3046\u58f2\u8cb7\u304c\u51fa\u6765\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u8a71\u306f\u7c21\u5358\u3067\u3042\u308b\u3002\u7d50\u5c40\u3001\u904e\u53bb\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u6295\u8cc7\u3092\u3059\u308b\u305f\u3081\u306e\u4f55\u306e\u6839\u62e0\u306b\u3082\u306a\u3089\u305a\u3001\u7d50\u5c40\u306f\u6295\u8cc7\u5bb6\u306f\u81ea\u5206\u3067\u672a\u6765\u3092\u4e88\u6e2c\u3067\u304d\u306a\u3051\u308c\u3070\u5132\u304b\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u591a\u304f\u306e\u4eba\u3005\u306f\u300c\u672a\u6765\u3092\u4e88\u60f3\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u300d\u3068\u3044\u3046\u91cd\u8cac\u304b\u3089\u9003\u3052\u308b\u305f\u3081\u306b\u7fa4\u96c6\u5fc3\u7406\u306b\u8d70\u308a\u3001\u4f55\u3082\u8003\u3048\u305a\u306b\u682a\u5f0f\u3092\u8cb7\u3046\u306e\u3060\u304c\u3001\u7d50\u5c40\u306f\u91d1\u878d\u5e02\u5834\u306b\u3044\u308b\u9650\u308a\u305d\u306e\u8cac\u4efb\u304b\u3089\u306f\u9003\u3052\u3089\u308c\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u904e\u53bb\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u672a\u6765\u306e\u30ea\u30bf\u30fc\u30f3\u3068\u306f\u4f55\u306e\u95a2\u4fc2\u3082\u306a\u3044\u3002\u30b5\u30a4\u30b3\u30ed\u306e\u4f8b\u3067\u8a00\u3048\u3070\u3001\u682a\u5f0f\u5e02\u5834\u306f\u30b5\u30a4\u30b3\u30ed\u3068\u306f\u9055\u3063\u3066\u5e38\u306b\u72b6\u614b\u304c\u4e00\u8cab\u3057\u305f\u30b5\u30a4\u30b3\u30ed\u3067\u306f\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u8457\u66f8\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\u306b\u304a\u3044\u3066\u56fd\u5bb6\u306e\u8208\u4ea1\u3092\u9577\u671f\u30b9\u30d1\u30f3\u3067\u89e3\u8aac\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u6050\u3089\u304f\u305d\u306e\u305f\u3081\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>50\u5e74\u524d\u306e\u30a2\u30e1\u30ea\u30ab\u3068\u4eca\u306e\u30a2\u30e1\u30ea\u30ab\u306f\u9055\u3046\u300230\u5e74\u524d\u306e\u4e2d\u56fd\u3068\u4eca\u306e\u4e2d\u56fd\u306f\u9055\u3046\u3002\u3060\u304b\u3089\u4eca\u306e\u7c73\u56fd\u682a\u3084\u4e2d\u56fd\u682a\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u3001\u904e\u53bb\u306e\u7c73\u56fd\u682a\u3084\u4e2d\u56fd\u682a\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3068\u306f\u9055\u3063\u305f\u3082\u306e\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u6570\u5341\u5e74\u3067\u56fd\u5bb6\u306f\u5225\u7269\u306b\u306a\u308b\u3002\u305d\u308c\u304c\u30c0\u30ea\u30aa\u6c0f\u306e\u8457\u66f8\u3067\u6b74\u53f2\u7684\u306b\u691c\u8a3c\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u3060\u300219\u4e16\u7d00\u306e\u4eba\u3005\u306f\u3001\u3053\u308c\u304b\u3089\u3082\u5927\u82f1\u5e1d\u56fd\u306f\u6804\u3048\u7d9a\u3051\u308b\u3068\u601d\u3063\u3066\u3044\u305f\u3060\u308d\u3046\u3002\u4eca\u3001\u73fe\u4ee3\u4eba\u3082\u540c\u3058\u3088\u3046\u306a\u5e7b\u60f3\u3092\u898b\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/61668\" data-type=\"post\" data-id=\"61668\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u7c73\u56fd\u682a\u6700\u5f37\u306e\u6642\u4ee3\u304c\u7d42\u308f\u308b\u7406\u7531\u3092\u8aac\u660e\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306f\u3069\u3046\u3059\u308c\u3070\u826f\u3044\u306e\u304b\uff1f\u3000\u30cd\u30a4\u30d4\u30a2\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002\u3000<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3060\u304b\u3089\u6295\u8cc7\u306f\u63a7\u3048\u3081\u306b\u8003\u3048\u308b\u3053\u3068\u3060\u3002\u305d\u308c\u304c6%\u306e\u30ea\u30bf\u30fc\u30f3\u3078\u306e\u8fd1\u9053\u3060\u3002<\/p>\n\n\n\n<p>6%\u304c\u78ba\u5b9f\u306b\u5f97\u3089\u308c\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u3057\u304b\u3057\u63a7\u3048\u3081\u306b\u8003\u3048\u308b\u6295\u8cc7\u5bb6\u306e\u65b9\u304c\u3001\u9593\u9055\u3063\u305f\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u58f2\u8cb7\u3059\u308b\u30ea\u30b9\u30af\u304c\u5c11\u306a\u304f\u306a\u308b\u3002<\/p>\n<\/blockquote>\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>\u5f15\u304d\u7d9a\u304d\u3001The Solid Ground Newsletter\u306e\u30e9\u30c3\u30bb\u30eb\u30fb\u30cd\u30a4\u30d4\u30a2\u6c0f\u306e\u3001Making Money Podcast\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u4eca\u56de\u306f\u682a\u5f0f\u5e02\u5834\u306b\u6295\u8cc7\u3059\u308b\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u3044\u308b\u90e8\u5206\u3092\u53d6\u308a &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/66960\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30cd\u30a4\u30d4\u30a2\u6c0f: \u682a\u5f0f\u6295\u8cc7\u306b\u9ad8\u3044\u30ea\u30bf\u30fc\u30f3\u3092\u6c42\u3081\u308b\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u5931\u6557\u3059\u308b\u7406\u7531<\/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":[59,111],"tags":[202],"class_list":["post-66960","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-russell-napier"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/66960","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=66960"}],"version-history":[{"count":53,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/66960\/revisions"}],"predecessor-version":[{"id":67014,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/66960\/revisions\/67014"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=66960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=66960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=66960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}