{"id":68656,"date":"2025-08-01T20:00:00","date_gmt":"2025-08-01T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=68656"},"modified":"2025-08-01T16:21:03","modified_gmt":"2025-08-01T07:21:03","slug":"%e3%83%ac%e3%82%a4%e3%83%bb%e3%83%80%e3%83%aa%e3%82%aa%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e5%82%b5%e3%81%ae%e8%b2%b7%e3%81%84%e6%89%8b%e4%b8%8d%e8%b6%b3%e5%95%8f%e9%a1%8c%e3%82%92%e7%84%a1%e8%a6%96%e3%81%99","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68656","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u4e0d\u8db3\u554f\u984c\u3092\u7121\u8996\u3059\u308b\u91d1\u878d\u5e02\u5834\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306e\u71b1\u72c2\u3068\u540c\u3058"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u5275\u696d\u8005\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306eMaster Investor\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u3001\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u4e0d\u8db3\u306e\u554f\u984c\u30682008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3092\u6bd4\u8f03\u3057\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u7c73\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u4eca\u5e74\u306b\u5165\u3063\u3066\u304b\u3089\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u4e0d\u8db3\u306e\u554f\u984c\u306b\u8b66\u9418\u3092\u9cf4\u3089\u3057\u7d9a\u3051\u3066\u3044\u308b\u3002\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u306b\u9054\u3057\u3066\u304a\u308a\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u501f\u91d1\u306e\u5229\u6255\u3044\u3092\u65b0\u305f\u306a\u501f\u91d1\u3067\u8fd4\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u6bce\u5e74\u501f\u91d1\u304c\u5229\u6255\u3044\u306e\u5206\u5897\u3048\u3066\u3086\u304f\u306e\u3060\u304b\u3089\u3001\u8ca1\u653f\u8d64\u5b57\u3092\u4f55\u3068\u304b\u3057\u306a\u3044\u9650\u308a\u3001\u7c73\u56fd\u50b5\u306e\u767a\u884c\u304c\u6307\u6570\u95a2\u6570\u7684\u306b\u5897\u3048\u3066\u3086\u304f\u3053\u3068\u306f\u6570\u5b66\u7684\u306b\u907f\u3051\u3089\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u30ef\u30b7\u30f3\u30c8\u30f3DC\u306e\u653f\u6cbb\u5bb6\u305f\u3061\u3068\u8a71\u3057\u305f\u3068\u3053\u308d\u306b\u3088\u308c\u3070\u3001\u8ca1\u653f\u8d64\u5b57\u304c\u6e1b\u3089\u3055\u308c\u308b\u53ef\u80fd\u6027\u306f5%\u3089\u3057\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/67944\" data-type=\"post\" data-id=\"67944\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u50b5\u66b4\u843d\u304c\u56de\u907f\u3055\u308c\u308b\u53ef\u80fd\u6027\u306f5%<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u306e\u65b9\u3082\u6307\u6570\u95a2\u6570\u7684\u306b\u5897\u3048\u308b\u306e\u3067\u306a\u3044\u9650\u308a\u3001\u7c73\u56fd\u50b5\u306e\u9700\u8981\u3068\u4f9b\u7d66\u306f\u4f55\u51e6\u304b\u306e\u6642\u70b9\u3067\u58ca\u308c\u308b\u3053\u3068\u306f\u907f\u3051\u3089\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u304c\u5206\u304b\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u4e00\u65b9\u3067\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u306f\u9ad8\u3044\u307e\u307e\u3060\u304c\u3001\u4eca\u306e\u3068\u3053\u308d\u843d\u3061\u7740\u3044\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\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\/08\/2025-8-1-us-10-year-trearsury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"536\" height=\"465\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-1-us-10-year-trearsury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-68665\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-1-us-10-year-trearsury-bond-yield-chart.png 536w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/08\/2025-8-1-us-10-year-trearsury-bond-yield-chart-300x260.png 300w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/><\/a><\/figure>\n\n\n\n<p>\u305d\u308c\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u66f8\u3044\u305f\u901a\u308a\u3001\u7b46\u8005\u304c\u6625\u306e\u682a\u5b89\u6642\u306b\u8cb7\u3044\u5897\u3057\u305f\u500b\u5225\u9298\u67c4\u306e\u8cb7\u3044\u5897\u3057\u5206\u3092\u6700\u8fd1\u307e\u3067\u5229\u76ca\u78ba\u5b9a\u3057\u306a\u304b\u3063\u305f\u7406\u7531\u3067\u3082\u3042\u308b\u3002\u91d1\u5229\u304c\u4e0a\u304c\u3089\u306a\u3044\u9650\u308a\u307e\u3060\u30c0\u30ea\u30aa\u6c0f\u306e\u4e88\u60f3\u3059\u308b\u5371\u6a5f\u3067\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68471\" data-type=\"post\" data-id=\"68471\">\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u91d1\u878d\u7de9\u548c\u3092\u5f37\u884c\u3059\u308c\u3070\u7c73\u56fd\u682a\u306f\u4e0a\u304c\u308b\u306e\u304b\uff1f<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u7c73\u56fd\u50b5\u306f\u4e0b\u843d\u3092\u59cb\u3081\u308b\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u8a00\u3046\u7c73\u56fd\u50b5\u306e\u554f\u984c\u306f\u6570\u5b66\u7684\u306b\u660e\u3089\u304b\u3060\u3002\u3067\u306f\u3001\u305d\u308c\u306f\u307e\u3060\u5e02\u5834\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u306a\u3044\u306e\u304b\uff1f\u3000\u305d\u308c\u3068\u3082\u7e54\u308a\u8fbc\u3093\u3060\u4e0a\u3067\u3053\u306e\u72b6\u614b\u306a\u306e\u304b\uff1f<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u50b5\u5238\u5e02\u5834\u3060\u3051\u306e\u554f\u984c\u3067\u306f\u306a\u3044\u3068\u3057\u3066\u3001\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>\u50b5\u5238\u5e02\u5834\u3068\u70ba\u66ff\u5e02\u5834\u306e\u4e21\u65b9\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u305d\u308c\u306f\u307e\u3060\u5e02\u5834\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u30c9\u30eb\u306e\u4e0b\u843d\u3082\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68443\" data-type=\"post\" data-id=\"68443\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u30c9\u30eb\u4e0b\u843d\u306b\u8ced\u3051\u308b\u3079\u304d\u3001\u91d1\u878d\u7de9\u548c\u3067\u30c9\u30eb\u5b89\u3068\u30a4\u30f3\u30d5\u30ec\u306f\u6fc0\u5316\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u4e8b\u4f8b<\/strong><\/p>\n\n\n\n<p>\u4f55\u6545\u7c73\u56fd\u50b5\u3084\u30c9\u30eb\u304c\u6700\u7d42\u7684\u306b\u306f\u4e0b\u843d\u3059\u308b\u3068\u8a00\u3048\u308b\u306e\u304b\uff1f\u3000\u30c0\u30ea\u30aa\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>\u308f\u305f\u3057\u304c\u672c\u3092\u66f8\u3044\u305f\u7406\u7531\u306f\u3001\u305d\u306e\u4ed5\u7d44\u307f\u3092\u8aac\u660e\u3057\u305f\u3044\u3068\u601d\u3063\u305f\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u672c\u3068\u306f\u3001\u30c0\u30ea\u30aa\u6c0f\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u7834\u7dbb\u3092\u4e88\u60f3\u3057\u305f\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/4kWfty4\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">How Countries Go Broke<\/a>\u300f\uff08\u4eee\u8a33\uff1a\u306a\u305c\u56fd\u5bb6\u306f\u7834\u7dbb\u3059\u308b\u306e\u304b\uff09\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u306e\u4ed5\u7d44\u307f\u3068\u306f\u4f55\u304b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f2008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u4f8b\u3092\u6319\u3052\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\u306f2007\u5e74\u30682008\u5e74\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u52d9\u7701\u306b\u884c\u304d\u3001\u91d1\u878d\u5e02\u5834\u306e\u4ed5\u7d44\u307f\u3092\u8aac\u660e\u3057\u305f\u3002<\/p>\n\n\n\n<p>2009\u5e74\u30682010\u5e74\uff08\u8a33\u6ce8\uff1a\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u306e\u76f4\u524d\uff09\u306b\u306fECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u306b\u884c\u3063\u3066\u540c\u3058\u3053\u3068\u3092\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u8aac\u660e\u3057\u305f\u4ed5\u7d44\u307f\u3068\u3044\u3046\u306e\u306f\u5e02\u5834\u306b\u304a\u3051\u308b\u9700\u8981\u3068\u4f9b\u7d66\u306e\u8a71\u3060\u3002\u3060\u304c\u4e21\u65b9\u306e\u30b1\u30fc\u30b9\u3067\u5f7c\u3089\u306f\u3001\u305d\u3093\u306a\u3053\u3068\u306f\u5e02\u5834\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u306a\u3044\u3058\u3083\u306a\u3044\u304b\u3001\u3069\u3046\u3057\u3066\u305d\u3093\u306a\u3053\u3068\u3092\u5fc3\u914d\u3059\u308b\u306e\u304b\u3068\u8a00\u3063\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u3067\u306f\u3001\u4e00\u90e8\u306e\u4eba\u306b\u3068\u3063\u3066\u6700\u521d\u304b\u3089\u660e\u3089\u304b\u306a\u3053\u3068\u3067\u3042\u3063\u3066\u3082\u3001\u304b\u306a\u308a\u9045\u304f\u306b\u306a\u3089\u306a\u3051\u308c\u3070\u7e54\u308a\u8fbc\u307e\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306f\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/4a9rWZL\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a>\u300f\u3067\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u30d0\u30d6\u30eb\u306e\u5929\u4e95\u3067\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>2007\u5e74\u6625\u3001\u3064\u3044\u306b\u7d42\u308f\u308a\u306e\u306f\u3058\u307e\u308a\u304c\u3084\u3063\u3066\u6765\u308b\u3002\u4f4f\u5b85\u30ed\u30fc\u30f3\u5927\u624b\u306e\u30cb\u30e5\u30fc\u30fb\u30bb\u30f3\u30c1\u30e5\u30ea\u30fc\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u793e\u304c\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u554f\u984c\u304c\u539f\u56e0\u3067\u5012\u7523\u3057\u305f\u306e\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3053\u304b\u3089\u5148\u306f\u3001\u79c1\u306e\u30d0\u30d6\u30eb\u306e\u30e2\u30c7\u30eb\u3067\u3044\u3046\u300c\u9ec4\u660f\u306e\u671f\u9593\u300d\u3067\u3042\u308b\u3002\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u306f\u3058\u3081\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u30b2\u30fc\u30e0\u306e\u7d42\u4e86\u304c\u8aad\u307f\u53d6\u308c\u306a\u3044\u53c2\u52a0\u8005\u304c\u3001\u307e\u3060\u5927\u52e2\u6b8b\u3063\u3066\u3044\u308b\u6bb5\u968e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/4a9rWZL\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/41Ze1iBOWvL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/4a9rWZL\" target=\"_blank\" rel=\"noreferrer noopener\">\u30bd\u30ed\u30b9\u306f\u8b66\u544a\u3059\u308b<\/a><\/p>\n\n\n\n<p>\u76f8\u5834\u306f\u53c2\u52a0\u8005\u5168\u4f53\u306e\u610f\u898b\u3092\u53cd\u6620\u3059\u308b\u3082\u306e\u3060\u304b\u3089\u3001\u30c0\u30ea\u30aa\u6c0f\u3084\u30bd\u30ed\u30b9\u6c0f\u306e\u3088\u3046\u306a\u4e00\u90e8\u306e\u4eba\u3005\u304c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3092\u6b63\u3057\u304f\u4e88\u60f3\u3057\u305f\u3068\u3057\u3066\u3082\u3001\u305d\u308c\u304c\u591a\u6570\u6d3e\u306e\u610f\u898b\u306b\u306a\u308b\u307e\u3067\u30d0\u30d6\u30eb\u306b\u306a\u3063\u3066\u3044\u308b\u8cc7\u7523\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306b\u304a\u3044\u3066\u3082\u30012006\u5e74\u8fba\u308a\u304b\u3089\u30a2\u30e1\u30ea\u30ab\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u306f\u5371\u967a\u3060\u3068\u5fe0\u544a\u3057\u3066\u3044\u305f\u4eba\u304c\u3044\u305f\u3002\u5b9f\u969b\u306b\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u3057\u305f\u306e\u306f2008\u5e74\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30c0\u30ea\u30aa\u6c0f\u306f\u4eca\u306e\u7c73\u56fd\u50b5\u3082\u540c\u3058\u3060\u3068\u8a00\u3044\u305f\u3044\u306e\u3067\u3042\u308b\u3002\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>\u5b9f\u969b\u306b\u5371\u6a5f\u304c\u8d77\u304d\u308b\u307e\u3067\u3001\u4eba\u3005\u306f\u3044\u3064\u3082\u6cb9\u65ad\u3057\u305f\u307e\u307e\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u81ea\u5206\u3067\u8003\u3048\u308b\u3053\u3068<\/strong><\/p>\n\n\n\n<p>\u91d1\u878d\u696d\u754c\u3067\u4f55\u5ea6\u3082\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u3066\u304d\u305f\u4eba\u9593\u306b\u3068\u3063\u3066\u306f\u3001\u3053\u306e\u72b6\u6cc1\u306f\u3044\u3064\u3082\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u3082\u88dc\u8db3\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>\u3060\u304b\u3089\u7686\u306b\u805e\u304d\u305f\u3044\u3002\u305d\u308c\u306f\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b\u304b\uff1f\u3000\u308f\u305f\u3057\u306e\u7b54\u3048\u306f\u30ce\u30fc\u3060\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u308f\u305f\u3057\u3092\u4fe1\u3058\u308d\u3068\u8a00\u3044\u305f\u3044\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u308f\u305f\u3057\u306e\u672c\u306b\u66f8\u304b\u308c\u3066\u3044\u308b\u5e02\u5834\u306e\u4ed5\u7d44\u307f\u306e\u8aac\u660e\u3092\u898b\u3066\u3001\u91d1\u878d\u5e02\u5834\u304c\u5b9f\u969b\u306b\u308f\u305f\u3057\u306e\u8a00\u3046\u3088\u3046\u306b\u52d5\u3044\u3066\u3044\u308b\u306e\u3092\u78ba\u8a8d\u3057\u3066\u307b\u3057\u3044\u3002<\/p>\n\n\n\n<p>\u308f\u305f\u3057\u306f\u81ea\u5206\u304c\u5e02\u5834\u3092\u4e88\u60f3\u3059\u308b\u305f\u3081\u306b\u4f7f\u3063\u3066\u304d\u305f\u79d8\u4f1d\u306e\u30bf\u30ec\u3092\u516c\u958b\u3057\u3066\u3044\u308b\u3060\u3051\u3060\u3002\u653f\u6cbb\u5bb6\u3084\u8aad\u8005\u306f\u3001\u5e02\u5834\u304c\u672c\u5f53\u306b\u305d\u3046\u52d5\u3044\u3066\u3044\u308b\u306e\u304b\u3001\u3082\u3057\u52d5\u3044\u3066\u3044\u308b\u306a\u3089\u3070\u81ea\u5206\u306f\u3069\u3046\u3059\u308c\u3070\u826f\u3044\u306e\u304b\u3092\u81ea\u5206\u3067\u5224\u65ad\u3067\u304d\u308b\u306f\u305a\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u65b0\u8457\u300e<a href=\"https:\/\/amzn.to\/4kWfty4\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">How Countries Go Broke<\/a>\u300f\uff08\u4eee\u8a33\uff1a\u306a\u305c\u56fd\u5bb6\u306f\u7834\u7dbb\u3059\u308b\u306e\u304b\uff09\u306b\u304a\u3044\u3066\u3001\u3053\u308c\u307e\u3067\u306e\u91d1\u878d\u5e02\u5834\u306e\u4e8b\u4f8b\u3092\u89e3\u8aac\u3057\u306a\u304c\u3089\u3001\u3053\u308c\u307e\u3067\u4f55\u5ea6\u3082\u5b9f\u969b\u306b\u305d\u3046\u306a\u3063\u3066\u304d\u305f\u3068\u3044\u3046\u3053\u3068\u3092\u8aac\u660e\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u4e8b\u4f8b\u306e1\u3064\u306f\u3001\u65e5\u672c\u306b\u304a\u3044\u3066\u65e5\u672c\u5186\u304c\u66b4\u843d\u3057\u305f\u4e8b\u4f8b\u3067\u3042\u308b\u3002\u3060\u304c\u3001\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u4ee5\u5f8c\u65e5\u672c\u5186\u306e\u70ba\u66ff\u30ec\u30fc\u30c8\u306f\u534a\u5206\u306b\u306a\u3063\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u65e5\u672c\u4eba\u306e\u591a\u304f\u306f\u65e5\u672c\u5186\u304c\u66b4\u843d\u3057\u305f\u3068\u3044\u3046\u81ea\u899a\u3059\u3089\u306a\u3044\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/66448\" data-type=\"post\" data-id=\"66448\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u65b0\u8457\u3001\u65e5\u672c\u7d4c\u6e08\u3092\u653f\u5e9c\u50b5\u52d9\u306e\u5bfe\u51e6\u306b\u5931\u6557\u3057\u305f\u5834\u5408\u306e\u4e8b\u4f8b\u3068\u3057\u3066\u63b2\u8f09<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3001\u305d\u308c\u3053\u305d\u304c\u653f\u5e9c\u50b5\u52d9\u306e\u4e00\u756a\u653f\u6cbb\u7684\u306b\u7c21\u5358\u306a\u89e3\u6c7a\u7b56\u304c\u901a\u8ca8\u5b89\u653f\u7b56\u3067\u3042\u308b\u3053\u3068\u306e\u8a3c\u660e\u3067\u3042\u308b\u3002\u65e5\u672c\u306e\u5834\u5408\u3001\u307e\u3060\u305d\u308c\u3067\u3082\u4f55\u3082\u89e3\u6c7a\u3057\u3066\u3044\u306a\u3044\u306e\u3060\u304c\u3002\u65e5\u672c\u5186\u306f\u3053\u308c\u304b\u3089\u3069\u308c\u3060\u3051\u4e0b\u843d\u3057\u3066\u3044\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u65b0\u8457\u306f\u307e\u3060\u82f1\u8a9e\u7248\u3057\u304b\u51fa\u3066\u3044\u306a\u3044\u304c\u3001\u82f1\u8a9e\u304c\u8aad\u3081\u308b\u4eba\u306f\u539f\u8457\u3067\u8aad\u3080\u3079\u304d\u3067\u3042\u308b\u3002\u65e5\u672c\u8a9e\u7248\u304c\u51fa\u308b\u9803\u306b\u306f\u3001\u3082\u3046\u3059\u3079\u3066\u304c\u7d42\u308f\u3063\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/4kWfty4\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/61uYp1qd3WL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/4kWfty4\" target=\"_blank\" rel=\"noreferrer noopener\">How Countries Go Broke<\/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\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306eMaster Investor\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u4eca\u56de\u306f\u3001\u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u4e0d\u8db3\u306e\u554f\u984c\u30682008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3092\u6bd4\u8f03\u3057\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68656\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u50b5\u306e\u8cb7\u3044\u624b\u4e0d\u8db3\u554f\u984c\u3092\u7121\u8996\u3059\u308b\u91d1\u878d\u5e02\u5834\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d\u306e\u71b1\u72c2\u3068\u540c\u3058<\/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":[102],"class_list":["post-68656","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68656","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=68656"}],"version-history":[{"count":39,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68656\/revisions"}],"predecessor-version":[{"id":68696,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/68656\/revisions\/68696"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=68656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=68656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=68656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}