{"id":68129,"date":"2025-07-18T20:00:00","date_gmt":"2025-07-18T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=68129"},"modified":"2025-07-17T17:02:02","modified_gmt":"2025-07-17T08:02:02","slug":"%e3%83%ac%e3%82%a4%e3%83%bb%e3%83%80%e3%83%aa%e3%82%aa%e6%b0%8f-%e5%90%84%e5%9b%bd%e3%81%8c%e5%8d%94%e8%aa%bf%e3%81%97%e3%81%a6%e3%83%89%e3%83%ab%e3%82%92%e4%b8%8b%e8%90%bd%e3%81%95%e3%81%9b%e3%82%8b","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68129","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: 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class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/67560\" data-type=\"post\" data-id=\"67560\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u7248\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u308b\u30c9\u30eb\u66b4\u843d\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u5e38\u306b\u8cbf\u6613\u8d64\u5b57\u3092\u6c17\u306b\u3057\u3066\u3044\u305f\u3002\u8cbf\u6613\u8d64\u5b57\u306f\u5f37\u3044\u30c9\u30eb\u306e\u7d50\u679c\u3067\u3082\u3042\u308b\u304b\u3089\u3001\u901a\u8ca8\u5b89\u3092\u671b\u3080\u306e\u306f\u5f53\u7136\u306e\u5e30\u7d50\u3068\u3082\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u7d19\u5e63\u5370\u5237\u3067\u56fd\u50b5\u3092\u8cb7\u3044\u5165\u308c\u308b\u3053\u3068\uff08\u3044\u308f\u3086\u308b\u91cf\u7684\u7de9\u548c\u3084\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\uff09\u306b\u3088\u3063\u3066\u30c9\u30eb\u7d19\u5e63\u306e\u4fa1\u5024\u3092\u8584\u3081\u308b\u306e\u306f\u4e00\u756a\u5206\u304b\u308a\u3084\u3059\u3044\u3084\u308a\u65b9\u3067\u306f\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u53f8\u4f1a\u306e\u30eb\u30fc\u30d3\u30f3\u30b9\u30bf\u30a4\u30f3\u6c0f\u306f\u4ed6\u306e\u53ef\u80fd\u6027\u3092\u6301\u3061\u51fa\u3057\u3066\u3044\u308b\u3002\u30d7\u30e9\u30b6\u5408\u610f\u306e\u518d\u6765\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30d7\u30e9\u30b6\u5408\u610f<\/strong><\/p>\n\n\n\n<p>\u30d7\u30e9\u30b6\u5408\u610f\u3068\u306f\u30011985\u5e74\u306b\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u306e\u30d7\u30e9\u30b6\u30db\u30c6\u30eb\u306bG5\u306e\u8ca1\u52d9\u9577\u5b98\u3089\u304c\u96c6\u307e\u308a\u3001\u9ad8\u904e\u304e\u308b\u30c9\u30eb\u3092\u662f\u6b63\u3059\u308b\u305f\u3081\u306b\u5354\u8abf\u7684\u306a\u4ecb\u5165\u3092\u884c\u306a\u3046\u3068\u6c7a\u5b9a\u3057\u305f\u5408\u610f\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u6642\u30011970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u3092\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\uff08\u5f53\u6642\uff09\u306e\u9ad8\u91d1\u5229\u653f\u7b56\u3067\u7d42\u308f\u3089\u305b\u305f\u30a2\u30e1\u30ea\u30ab\u306f\u3001\u5f90\u3005\u306b\u91d1\u5229\u3092\u4e0b\u3052\u3064\u3064\u3042\u3063\u305f\u304c\u3001\u91d1\u5229\u306f\u4ed6\u306e\u56fd\u3088\u308a\u3082\u9ad8\u3044\u307e\u307e\u3060\u3063\u305f\u305f\u3081\u3001\u5f37\u3044\u30c9\u30eb\u306b\u3088\u3063\u3066\u8cbf\u6613\u8d64\u5b57\u304c\u62e1\u5927\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u5f37\u3044\u30a2\u30e1\u30ea\u30ab\u3092\u6a19\u699c\u3057\u305f\u30ec\u30fc\u30ac\u30f3\u653f\u6a29\u306e\u6642\u4ee3\u3067\u3042\u308a\u3001\u305d\u306e\u610f\u5473\u3067\u3082\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3068\u88ab\u308b\u3002<\/p>\n\n\n\n<p>\u30eb\u30fc\u30d3\u30f3\u30b9\u30bf\u30a4\u30f3\u6c0f\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u30c9\u30eb\u5b89\u3092\u76ee\u6307\u3059\u305f\u3081\u306b\u30d7\u30e9\u30b6\u5408\u610f\u306e\u3088\u3046\u306a\u5408\u610f\u3092\u8cbf\u6613\u76f8\u624b\u56fd\u306b\u8feb\u308b\u53ef\u80fd\u6027\u306f\u306a\u3044\u306e\u304b\u3068\u5c0b\u306d\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7b54\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>\u305d\u308c\u3082\u8003\u3048\u3089\u308c\u308b\u30b7\u30ca\u30ea\u30aa\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30d7\u30e9\u30b6\u5408\u610f\u304b\u3089\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u307e\u3067<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u306f\u3068\u3066\u3082\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3089\u3057\u3044\u30b7\u30ca\u30ea\u30aa\u3067\u306f\u3042\u308b\u3002\u91d1\u878d\u696d\u754c\u3067\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u5225\u8358\u306e\u540d\u524d\u3092\u3082\u3058\u3063\u3066\u3001\u305d\u306e\u65b0\u305f\u306a\u5408\u610f\u306f\u30de\u30fc\u30eb\u30fb\u30a2\u30fb\u30e9\u30fc\u30b4\u5408\u610f\u306b\u306a\u308b\u3068\u8a00\u308f\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3053\u306e\u30b7\u30ca\u30ea\u30aa\u306b\u306f\u554f\u984c\u304c\u3042\u308b\u3002\u30d7\u30e9\u30b6\u5408\u610f\u306b\u554f\u984c\u304c\u3042\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30d7\u30e9\u30b6\u5408\u610f\u306b\u3088\u3063\u3066\u5f53\u6642\u30c9\u30eb\u306f\u30c9\u30a4\u30c4\u30de\u30eb\u30af\u3068\u5186\u306b\u5bfe\u3057\u3066\u5927\u304d\u304f\u4e0b\u843d\u3057\u3066\u3086\u304f\u3053\u3068\u306b\u306a\u3063\u305f\u304c\u3001\u305d\u306e\u5f8c\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u672c\u683c\u7684\u306b\u4e0b\u304c\u3063\u3066\u304d\u305f\u3053\u3068\u3082\u3042\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u9ad8\u91d1\u5229\u653f\u7b56\u306e\u5fc5\u8981\u6027\u304c\u306a\u304f\u306a\u308a\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>\u5f53\u6642\u306e\u30c9\u30eb\u5186\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\/07\/1985-1987-usdjpy-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"545\" height=\"528\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/07\/1985-1987-usdjpy-chart.png\" alt=\"\" class=\"wp-image-68190\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/07\/1985-1987-usdjpy-chart.png 545w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/07\/1985-1987-usdjpy-chart-300x291.png 300w\" sizes=\"auto, (max-width: 545px) 100vw, 545px\" \/><\/a><\/figure>\n\n\n\n<p>\u30d7\u30e9\u30b6\u5408\u610f\u4ee5\u6765\u3001\u30c9\u30eb\u306e\u4fa1\u5024\u306f\u534a\u5206\u4ee5\u4e0b\u306b\u306a\u3063\u305f\u3002\u3053\u306e\u30c9\u30eb\u5b89\u76f8\u5834\u3067\u3001\u6295\u8cc7\u5bb6\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u304c\u30c9\u30eb\u3092\u7a7a\u58f2\u308a\u3057\u3066\u3044\u305f\u3053\u3068\u306f\u6709\u540d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306b\u3057\u3066\u3082\u304b\u306a\u308a\u306e\u4e0b\u843d\u5e45\u3067\u3042\u308a\u3001\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u306b\u3088\u3063\u3066\u5186\u306e\u4fa1\u5024\u304c\u307b\u307c\u534a\u5206\u306b\u306a\u3063\u305f\u3053\u3068\u3068\u3082\u91cd\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u304b\u3089\u30c9\u30eb\u306b\u540c\u3058\u3053\u3068\u304c\u8d77\u304d\u308b\u3068\u3059\u308c\u3070\u306a\u304b\u306a\u304b\u6050\u308d\u3057\u3044\u3053\u3068\u3060\u304c\u3001\u6700\u5927\u306e\u554f\u984c\u306f\u305d\u3053\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30eb\u30fc\u30d6\u30eb\u5408\u610f\u304b\u3089\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u307e\u3067<\/strong><\/p>\n\n\n\n<p>\u5f53\u6642\u306e\u7c73\u56fd\u653f\u5e9c\u306f\u6b62\u307e\u3089\u306a\u304f\u306a\u3063\u305f\u30c9\u30eb\u5b89\u3092\u6b62\u3081\u308b\u65b9\u6cd5\u3092\u63a2\u3057\u3066\u3044\u305f\u3002\u305d\u3053\u3067\u3082\u3046\u4e00\u5ea6\u540c\u3058\u3088\u3046\u306bG7\u306e\u8ca1\u52d9\u9577\u5b98\u305f\u3061\u3092\u62db\u96c6\u3057\u3066\u3001\u4eca\u5ea6\u306f\u30c9\u30eb\u9ad8\u3092\u76ee\u6307\u305d\u3046\u3068\u3044\u3046\u4f1a\u5408\u3092\u958b\u3044\u305f\u30021987\u5e74\u306e\u30eb\u30fc\u30d6\u30eb\u5408\u610f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u5408\u610f\u3067\u306f\u30a2\u30e1\u30ea\u30ab\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3001\u65e5\u672c\u3068\u30c9\u30a4\u30c4\u304c\u91d1\u878d\u7de9\u548c\u306e\u65b9\u5411\u306b\u8235\u3092\u5207\u308a\u3001\u30c9\u30eb\u3092\u4e0a\u6607\u3055\u305b\u308b\u3053\u3068\u304c\u8a71\u3057\u5408\u308f\u308c\u305f\u304c\u3001\u5f53\u6642\u30a4\u30f3\u30d5\u30ec\u3092\u61f8\u5ff5\u3057\u3066\u3044\u305f\u30c9\u30a4\u30c4\u304c\u5408\u610f\u3092\u7834\u3063\u3066\u5229\u4e0a\u3052\u3092\u884c\u306a\u3046\u3068\u3001\u30a2\u30e1\u30ea\u30ab\u3082\u30c9\u30eb\u9632\u885b\u306e\u305f\u3081\u306e\u5229\u4e0a\u3052\u304c\u907f\u3051\u3089\u308c\u306a\u3044\u3068\u306e\u89b3\u6e2c\u304c\u751f\u307e\u308c\u3001\u5f53\u6642\u91d1\u5229\u4f4e\u4e0b\u3067\u30d0\u30d6\u30eb\u3068\u306a\u3063\u3066\u3044\u305f\u7c73\u56fd\u682a\u306f\u305d\u306e\u8db3\u5834\u3092\u5931\u3044\u3001\u5929\u4e95\u304b\u308930%\u4ee5\u4e0a\u4e0b\u843d\u3057\u3066\u3044\u3063\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/late-1987-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"543\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/late-1987-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-25893\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/late-1987-s-and-p-500-chart.png 675w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2022\/06\/late-1987-s-and-p-500-chart-300x241.png 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u306e\u30b7\u30ca\u30ea\u30aa\u306f\u3001\u7c73\u56fd\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u304b\u3089\u6d3e\u751f\u3057\u3046\u308b\u30b7\u30ca\u30ea\u30aa\u306e1\u3064\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u4e88\u60f3\u306b\u3088\u308c\u3070\u3001\u7d50\u5c40\u7c73\u56fd\u50b5\u3092\u4f55\u3089\u304b\u306e\u65b9\u6cd5\u3067\u4eba\u70ba\u7684\u306b\u8cb7\u3044\u652f\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3088\u3046\u3060\u304c\u3001\u305d\u306e\u5177\u4f53\u7684\u306a\u65b9\u6cd5\u304c\u91cf\u7684\u7de9\u548c\u306a\u306e\u304b\u30de\u30fc\u30eb\u30fb\u30a2\u30fb\u30e9\u30fc\u30b4\u5408\u610f\u306a\u306e\u304b\u306f\u307e\u3060\u5206\u304b\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\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>\u6b74\u53f2\u3092\u901a\u3057\u3066\u3001\u653f\u5e9c\u304c\u3042\u308b\u72b6\u6cc1\u306b\u7f6e\u304b\u308c\u305f\u3068\u304d\u3001\u653f\u5e9c\u306f\u3044\u3064\u3082\u540c\u3058\u3053\u3068\u3092\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30d7\u30e9\u30b6\u5408\u610f\u306e\u3088\u3046\u306a\u3053\u3068\u306f\u5341\u5206\u8003\u3048\u3089\u308c\u308b\u3057\u3001\u66f4\u306b\u306f\u5916\u8ca8\u4e21\u66ff\u306b\u898f\u5236\u304c\u304b\u3051\u3089\u308c\u308b\u3053\u3068\u3082\u8003\u3048\u3089\u308c\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u78ba\u5b9f\u306b\u8a00\u3048\u308b\u3053\u3068\u306f\u3001\u30c9\u30eb\u3068\u7c73\u56fd\u50b5\u304b\u3089\u9003\u3052\u3066\u304a\u3051\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3053\u308c\u304b\u3089\u306e\u76f8\u5834\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u5c11\u306a\u304f\u3068\u30821970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u306e\u77e5\u8b58\u304c\u3042\u308b\u3053\u3068\u306f\u5fc5\u9808\u6761\u4ef6\u3060\u304c\u3001\u3053\u308c\u3067\u6295\u8cc7\u5bb6\u304c\u3082\u30461\u3064\u52c9\u5f37\u3057\u3066\u304a\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3053\u3068\u304c\u5897\u3048\u305f\u3068\u8a00\u3048\u308b\u3002\u30d7\u30e9\u30b6\u5408\u610f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30d7\u30e9\u30b6\u5408\u610f\u306b\u3064\u3044\u3066\u306f\u3001\u5f53\u6642\u30c9\u30eb\u3092\u7a7a\u58f2\u308a\u3057\u3066\u3044\u305f\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u304c\u3001\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/4aeFfZ8\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u306b\u30d7\u30e9\u30b6\u5408\u610f\u524d\u5f8c\u306e\u72b6\u6cc1\u3092\u65e5\u8a18\u306b\u66f8\u3044\u305f\u6295\u8cc7\u65e5\u8a18\u3092\u516c\u958b\u3057\u3066\u3044\u308b\u3002\u30d7\u30e9\u30b6\u5408\u610f\u306e\u77ac\u9593\u306b\u3064\u3044\u3066\u306f\u3001\u30bd\u30ed\u30b9\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\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<\/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\u5132\u3051\u306f\u904e\u53bb4\u5e74\u306e\u70ba\u66ff\u5e02\u5834\u3067\u306e\u640d\u5931\u3092\u88dc\u3063\u3066\u4f59\u308a\u3042\u308b\u307b\u3069\u3067\u3042\u308b\u3002\u3068\u3044\u3046\u308f\u3051\u3067\u975e\u5e38\u306b\u3044\u3044\u6c17\u5206\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306f\u3053\u308c\u304b\u3089\u975e\u5e38\u306b\u3044\u3044\u6c17\u5206\u306b\u306a\u308c\u308b\u3060\u308d\u3046\u304b\u3002\u3042\u308b\u3044\u306f\u7d19\u5e63\u306e\u4fa1\u5024\u4e0b\u843d\u306b\u5dfb\u304d\u8fbc\u307e\u308c\u3066\u3086\u304f\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/67652\" data-type=\"post\" data-id=\"67652\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u91d1\u4fa1\u683c\u306f\u30c9\u30eb\u7d19\u5e63\u304c\u5b8c\u5168\u306b\u4fa1\u5024\u3092\u5931\u3046\u307e\u3067\u4e0a\u304c\u308a\u7d9a\u3051\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u306f\u6295\u8cc7\u5bb6\u304c\u6b63\u3057\u3044\u77e5\u8b58\u3092\u6301\u3063\u3066\u3044\u308b\u304b\u3069\u3046\u304b\u3067\u6c7a\u307e\u308b\u3060\u308d\u3046\u3002\u904e\u53bb\u306e\u76f8\u5834\u306b\u3064\u3044\u3066\u304d\u3061\u3093\u3068\u77e5\u3063\u3066\u304a\u304f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><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><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u3001\u30c7\u30a4\u30f4\u30a3\u30c3\u30c9\u30fb\u30eb\u30fc\u30d3\u30f3\u30b9\u30bf\u30a4\u30f3\u6c0f\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u30c0\u30ea\u30aa\u6c0f\u306f\u7c73\u56fd\u653f\u5e9c\u304c\u7d19\u5e63\u5370\u5237\u306b\u3088\u308a\u30c9\u30eb\u3092\u4e0b\u843d\u3055\u305b\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u304c\u3001\u4eca\u56de\u306f\u305d\u306e &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68129\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u5404\u56fd\u304c\u5354\u8abf\u3057\u3066\u30c9\u30eb\u3092\u4e0b\u843d\u3055\u305b\u308b\u65b0\u305f\u306a\u30d7\u30e9\u30b6\u5408\u610f\u304c\u30c9\u30eb\u3092\u66b4\u843d\u3055\u305b\u308b\u53ef\u80fd\u6027<\/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":[120,19],"tags":[102],"class_list":["post-68129","post","type-post","status-publish","format-standard","hentry","category-usdjpy","category-foreign-exchange-market","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68129","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=68129"}],"version-history":[{"count":49,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68129\/revisions"}],"predecessor-version":[{"id":68223,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68129\/revisions\/68223"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=68129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=68129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=68129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}