{"id":68386,"date":"2025-07-24T20:00:00","date_gmt":"2025-07-24T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=68386"},"modified":"2025-07-24T01:22:58","modified_gmt":"2025-07-23T16:22:58","slug":"%e3%83%ac%e3%82%a4%e3%83%bb%e3%83%80%e3%83%aa%e3%82%aa%e6%b0%8f-%e3%83%88%e3%83%a9%e3%83%b3%e3%83%97%e5%a4%a7%e7%b5%b1%e9%a0%98%e3%81%ae%e5%88%a9%e4%b8%8b%e3%81%92%e8%a6%81%e6%b1%82%e3%81%af%e3%82%a4","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68386","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u5229\u4e0b\u3052\u8981\u6c42\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u6700\u7d42\u7684\u306b\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u5fc5\u8981\u306b\u306a\u308b"},"content":{"rendered":"\n<p>\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u3001\u81ea\u8eab\u306e\u30d6\u30ed\u30b0\u3067\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u3068Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3001\u305d\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u653f\u7b56\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818 vs 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data-id=\"68361\">\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306b3%\u306e\u5229\u4e0b\u3052\u3092\u8981\u6c42\u3001\u30c9\u30eb\u4e0b\u843d\u3092\u5f8c\u62bc\u3057<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c2%\u53f0\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u304c\u653f\u7b56\u91d1\u5229\u30924.25%\u306b\u7dad\u6301\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u4e0d\u6e80\u3067\u3042\u308a\u3001\u524d\u56de\u306e\u8a18\u4e8b\u3067\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u9177\u3044\u4ed5\u4e8b\u3092\u3084\u3063\u3066\u3044\u308b\u3002\u91d1\u5229\u306f\u4eca\u3088\u308a3%\u4f4e\u3044\u6c34\u6e96\u3067\u3042\u308b\u3079\u304d\u3060\u3002\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u305b\u3044\u3067\u30a2\u30e1\u30ea\u30ab\u306f\u591a\u984d\u306e\u8cbb\u7528\u3092\u652f\u6255\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u591a\u984d\u306e\u8cbb\u7528\u3068\u306f\u3001\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u91d1\u5229\u4e0a\u6607\u3067\u5897\u52a0\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u6307\u3057\u3066\u3044\u308b\u3002\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u5229\u4e0b\u3052\u3059\u308c\u3070\u3001\u91d1\u5229\u304c\u4e0b\u304c\u308a\u5229\u6255\u3044\u8cbb\u7528\u304c\u6e1b\u308b\u3068\u3044\u3046\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u306f\u5229\u4e0b\u3052\u3092\u671b\u3093\u3067\u304a\u308a\u3001\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u305d\u308c\u306b\u6297\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3069\u3061\u3089\u304c\u6b63\u3057\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u306e\u304b\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u5229\u3092\u4e0b\u3052\u305f\u3044\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\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>\u653f\u5e9c\u306b\u5927\u91cf\u306e\u501f\u91d1\u304c\u3042\u308b\u3068\u304d\u3001\u305d\u308c\u306b\u5bfe\u51e6\u3059\u308b\u53e4\u5178\u7684\u306a\u65b9\u6cd5\u306f\u3001\u5b9f\u8cea\u91d1\u5229\u3092\u4e0b\u3052\u3001\u901a\u8ca8\u306e\u4fa1\u5024\u3092\u6e1b\u3089\u3059\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u30c9\u30ca\u30eb\u30c9\u30fb\u30c8\u30e9\u30f3\u30d7\u6c0f\u306f\u305d\u308c\u3092\u671b\u3093\u3067\u304a\u308a\u3001\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u305d\u308c\u306b\u6297\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u91d1\u5229\u3092\u4e0b\u3052\u305f\u3044\u7406\u7531\u306f\u660e\u3089\u304b\u3060\u3002\u30c8\u30e9\u30f3\u30d7\u6c0f\u306f\u3001\u4e0a\u306e\u767a\u8a00\u304b\u3089\u3082\u5206\u304b\u308b\u901a\u308a\u3001\u91d1\u5229\u4e0a\u6607\u3067\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u6025\u5897\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u61f8\u5ff5\u3057\u3066\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306f\u3001\u91d1\u5229\u4e0a\u6607\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u306b\u307e\u3067\u9054\u3057\u3066\u3044\u308b\u3002\u653f\u6cbb\u5bb6\u306f\u305d\u306e\u5206\u3060\u3051\u8ca1\u653f\u652f\u51fa\u304c\u51fa\u6765\u306a\u304f\u306a\u308b\u304b\u3089\u3001\u3053\u308c\u307e\u3067\u501f\u91d1\u306a\u3069\u4e00\u5207\u6c17\u306b\u3057\u3066\u3044\u306a\u304b\u3063\u305f\u653f\u6cbb\u5bb6\u3067\u3055\u3048\u3082\u3001\u653f\u5e9c\u50b5\u52d9\u3092\u6c17\u306b\u3059\u308b\u3088\u3046\u306b\u306a\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u91d1\u5229\u3092\u4e0b\u3052\u308c\u3070\u3069\u3046\u306a\u308b\u304b<\/strong><\/p>\n\n\n\n<p>\u78ba\u304b\u306b\u91d1\u5229\u3092\u4e0b\u3052\u308c\u3070\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306f\u6e1b\u308b\u3060\u308d\u3046\u3002\u3057\u304b\u3057\u4f55\u306e\u5bfe\u4fa1\u3082\u306a\u3057\u306b\u305d\u308c\u304c\u53ef\u80fd\u304b\u3068\u8a00\u3048\u3070\u3001\u305d\u3046\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u56fd\u50b5\u306e\u91d1\u5229\u3092\u6291\u3048\u8fbc\u3080\u305f\u3081\u306b\u91d1\u878d\u7de9\u548c\u3092\u3084\u3063\u305f\u56fd\u304c\u3042\u308b\u3002\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u5f8c\u306e\u65e5\u672c\u3067\u3042\u308b\u3002\u305d\u306e\u56fd\u3067\u8d77\u3053\u3063\u305f\u3053\u3068\u306f\u4f55\u304b\uff1f\u3000\u901a\u8ca8\u5b89\u306b\u3088\u308b\u30a4\u30f3\u30d5\u30ec\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30c8\u30e9\u30f3\u30d7\u6c0f\u306f\u3044\u308f\u3070\u3001\u30c9\u30eb\u3092\u72a0\u7272\u306b\u3057\u3066\u7c73\u56fd\u50b5\u3092\u6551\u304a\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3044\u3046\u30c8\u30e9\u30f3\u30d7\u6c0f\u306b\u30c0\u30ea\u30aa\u6c0f\u306f\u7406\u89e3\u3092\u793a\u3059\u3088\u3046\u306a\u767a\u8a00\u3092\u3057\u3066\u3044\u308b\u3002\u30c0\u30ea\u30aa\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>\u3053\u306e2\u4eba\u306e\u8b70\u8ad6\u306f\u666e\u901a\u3088\u308a\u6fc0\u3057\u3044\u3060\u3051\u3067\u3001\u3053\u306e\u7a2e\u306e\u8b70\u8ad6\u81ea\u4f53\u306f\u666e\u901a\u306e\u3053\u3068\u3060\u3002\u653f\u5e9c\u306e\u30c8\u30c3\u30d7\u306f\u91d1\u878d\u5e02\u5834\u3084\u5546\u54c1\u3084\u30b5\u30fc\u30d3\u30b9\u306b\u304a\u91d1\u304c\u6d41\u308c\u3001\u4eba\u3005\u304c\u5e78\u305b\u306b\u306a\u308c\u308b\u3088\u3046\u306b\u3001\u91d1\u878d\u7de9\u548c\u3092\u671b\u3080\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u30c0\u30ea\u30aa\u6c0f\u306e\u767a\u8a00\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u304f\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\u305d\u308c\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u53b3\u3057\u304f\u306a\u3063\u3066\u5f7c\u3089\u81ea\u8eab\u3067\u3055\u3048\u3082\u5f15\u304d\u7de0\u3081\u304c\u5fc5\u8981\u3060\u3068\u8a8d\u3081\u308b\u72b6\u6cc1\u306b\u306a\u308b\u307e\u3067\u7d9a\u304f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u7d50\u5c40\u3001\u305d\u3046\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u91d1\u878d\u7de9\u548c\u3092\u671b\u3080\u306e\u306f\u69cb\u308f\u306a\u3044\u304c\u3001\u305d\u308c\u306f\u3082\u3046\u3053\u308c\u307e\u3067\u6563\u3005\u8a66\u3057\u305f\u3067\u306f\u306a\u3044\u304b\u3002\u7de9\u548c\u3092\u3059\u308b\u5ea6\u306b\u526f\u4f5c\u7528\u304c\u9177\u304f\u306a\u308a\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u4e57\u308a\u8d8a\u3048\u305f\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u6b21\u306e\u526f\u4f5c\u7528\u306f\u6050\u3089\u304f\u305d\u308c\u3088\u308a\u66f4\u306b\u9177\u3044\u3082\u306e\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u3082\u305d\u30824\u6708\u306b\u306f\u7c73\u56fd\u682a\u3068\u30c9\u30eb\u3068\u7c73\u56fd\u50b5\u304c\u3059\u3079\u3066\u4e00\u6c17\u306b\u4e0b\u843d\u3057\u304b\u3051\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u305d\u308c\u3082\u307e\u305f\u60aa\u5316\u3057\u3066\u3044\u308b\u526f\u4f5c\u7528\u306e1\u3064\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<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u653f\u6cbb\u5bb6\u3068\u56fd\u6c11\u306f\u7de9\u548c\u3057\u3066\u306f\u6b62\u3081\u3001\u7de9\u548c\u3057\u3066\u306f\u6b62\u3081\u306e\u30b5\u30a4\u30af\u30eb\u3092\u4f55\u5ea6\u3067\u3082\u7e70\u308a\u8fd4\u3057\u3001\u6700\u7d42\u7684\u306b\u306f\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u4e00\u90e8\u306e\u4eba\u306f\u65e5\u672c\u3084\u30a2\u30e1\u30ea\u30ab\u306f\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u306e\u3088\u3046\u306b\u306f\u306a\u3089\u306a\u3044\u3068\u4e3b\u5f35\u3059\u308b\u304c\u3001\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u3082\u6700\u521d\u306f\u65e5\u672c\u3088\u308a1\u4eba\u5f53\u305f\u308aGDP\u304c\u9ad8\u3044\u5148\u9032\u56fd\u3060\u3063\u305f\u306e\u304c\u3001\u7de9\u548c\u653f\u7b56\u3092\u3053\u306e\u3088\u3046\u306b\u7d9a\u3051\u305f\u7d50\u679c\u305d\u3046\u306a\u3063\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\/57641\" data-type=\"post\" data-id=\"57641\">\u30df\u30ec\u30a4\u5927\u7d71\u9818\u3001\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u6c38\u9060\u306b\u7d9a\u3051\u308b\u3068\u3069\u3046\u306a\u308b\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u308c\u3053\u305d\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/3IWcV1T\" target=\"_blank\" rel=\"noreferrer 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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><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 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