{"id":69820,"date":"2025-09-01T20:23:42","date_gmt":"2025-09-01T11:23:42","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=69820"},"modified":"2025-09-01T20:23:47","modified_gmt":"2025-09-01T11:23:47","slug":"%e3%82%b5%e3%83%9e%e3%83%bc%e3%82%ba%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%af%e4%b8%ad%e5%a4%ae%e9%8a%80%e8%a1%8c%e3%82%92%e6%94%af%e9%85%8d%e3%81%97%e3%81%a6","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/69820","title":{"rendered":"\u30b5\u30de\u30fc\u30ba\u6c0f: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u4e2d\u592e\u9280\u884c\u3092\u652f\u914d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3068\u666f\u6c17\u5f8c\u9000\u3092\u5f15\u304d\u8d77\u3053\u3059"},"content":{"rendered":"\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u3068Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u95a2\u4fc2\u3001\u305d\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u4eca\u5f8c\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\u306eFed\u6279\u5224<\/strong><\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306eFed\u3078\u306e\u6279\u5224\u304c\u7d9a\u3044\u3066\u3044\u308b\u3002\u307e\u305a\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u304c2%\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u653f\u7b56\u91d1\u5229\u30924.25%\u3067\u7dad\u6301\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u6279\u5224\u3057\u3066\u304a\u308a\u3001\u305d\u3057\u3066\u6700\u8fd1\u3067\u306f\u3001\u91d1\u878d\u653f\u7b56\u3092\u6c7a\u5b9a\u3059\u308bFOMC\u4f1a\u5408\u3067\u6295\u7968\u6a29\u3082\u6301\u3063\u3066\u3044\u308b\u30af\u30c3\u30af\u7406\u4e8b\u3092\u89e3\u4efb\u3059\u308b\u3068\u767a\u8868\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u6c0f\u306f\u3001\u30af\u30c3\u30af\u7406\u4e8b\u304c\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u512a\u9047\u3092\u53d7\u3051\u308b\u305f\u3081\u306b\u300c\u4e3b\u305f\u308b\u4f4f\u5c45\u300d\u30922\u3064\u767b\u9332\u3059\u308b\u865a\u507d\u3092\u884c\u306a\u3063\u305f\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30af\u30c3\u30af\u7406\u4e8b\u306f\u62b5\u6297\u3057\u3066\u3044\u308b\u304c\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u30af\u30c3\u30af\u6c0f\u3092\u89e3\u4efb\u3067\u304d\u308b\u3068\u3059\u308b\u3068\u3001\u6765\u5e745\u6708\u306b\u4efb\u671f\u7d42\u4e86\u3068\u306a\u308b\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3084\u6700\u8fd1\u8f9e\u4efb\u3092\u767a\u8868\u3057\u305f\u30af\u30fc\u30b0\u30e9\u30fc\u7406\u4e8b\u3092\u542b\u3081\u30013\u4eba\u5206\u306e\u7a7a\u5e2d\u304c\u3067\u304d\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u91d1\u878d\u7de9\u548c\u306b\u7a4d\u6975\u7684\u306a\u4eba\u7269\u3092\u671b\u3093\u3067\u304a\u308a\u3001\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c3\u4eba\u3092\u65b0\u305f\u306b\u4efb\u547d\u3067\u304d\u308b\u3068\u306a\u308b\u3068\u3001Fed\u304c\u5927\u304d\u304f\u91d1\u878d\u7de9\u548c\u306b\u50be\u304f\u3053\u3068\u306b\u306a\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002<\/p>\n\n\n\n<p><strong>\u4e2d\u592e\u9280\u884c\u306e\u72ec\u7acb\u6027<\/strong><\/p>\n\n\n\n<p>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304cFed\u306b\u5927\u304d\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u3089\u308c\u308b\u72b6\u6cc1\u306b\u3001\u4e2d\u592e\u9280\u884c\u306e\u72ec\u7acb\u6027\u3092\u5371\u3076\u3080\u58f0\u306f\u591a\u3044\u3002<\/p>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u5927\u7d71\u9818\u304c\u8b70\u9577\u3092\u6307\u540d\u3067\u304d\u308b\u6642\u70b9\u3067\u72ec\u7acb\u6027\u3068\u306f\u4e00\u4f53\u4f55\u3092\u8a00\u3063\u3066\u3044\u308b\u306e\u304b\u3068\u500b\u4eba\u7684\u306b\u306f\u601d\u3046\u306e\u3060\u304c\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u53f8\u4f1a\u8005\u306b\u4e2d\u592e\u9280\u884c\u306e\u72ec\u7acb\u6027\u306f\u6b7b\u3093\u3060\u306e\u304b\u3068\u805e\u304b\u308c\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>\u5224\u65ad\u3059\u308b\u306b\u306f\u307e\u3060\u65e9\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3053\u308c\u304c\u904e\u53bb50\u5e74\u4ee5\u4e0a\u3067\u4e00\u756a\u6fc0\u3057\u304f\u4e00\u756a\u91cd\u5927\u306aFed\u306e\u653f\u6cbb\u5316\u3060\u3068\u306f\u8a00\u3048\u308b\u3060\u308d\u3046\u3057\u3001\u4e16\u754c\u5404\u56fd\u3084\u30a2\u30e1\u30ea\u30ab\u306b\u304a\u3051\u308b\u3053\u308c\u307e\u3067\u306e\u4e8b\u4f8b\u3001\u4f8b\u3048\u3070\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u3068\u5f53\u6642\u306eFed\u8b70\u9577\u306e\u30a2\u30fc\u30b5\u30fc\u30fb\u30d0\u30fc\u30f3\u30ba\u6c0f\u306e\u3053\u3068\u304c\u601d\u3044\u51fa\u3055\u308c\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u3068\u30d0\u30fc\u30f3\u30ba\u8b70\u9577\u306f\u30011970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u5f35\u672c\u4eba\u305f\u3061\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>1970\u5e74\u4ee3\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u7269\u4fa1\u9ad8\u9a30\u3068\u666f\u6c17\u5f8c\u9000\u306b\u82e6\u3057\u3080\u4e2d\u3067\u3001\u30cb\u30af\u30bd\u30f3\u5927\u7d71\u9818\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u7121\u8996\u3057\u3066\u666f\u6c17\u5f8c\u9000\u304b\u3089\u8131\u51fa\u3059\u308b\u305f\u3081\u306b\u91d1\u878d\u7de9\u548c\u3059\u3079\u304d\u3060\u3068\u4e3b\u5f35\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u30d0\u30fc\u30f3\u30ba\u8b70\u9577\u306f\u305d\u308c\u306b\u5f93\u3044\u3001\u91d1\u878d\u7de9\u548c\u3092\u5b9f\u884c\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u591a\u304f\u306e\u8aad\u8005\u3082\u77e5\u3063\u3066\u306e\u901a\u308a\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u60aa\u5316\u3057\u305f\u3002<\/p>\n\n\n\n<p>1970\u5e74\u4ee3\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u7d50\u5c40\u3001\u5e74\u738715%\u8fd1\u304f\u307e\u3067\u4e0a\u304c\u3063\u3066\u3044\u304d\u3001\u5f8c\u4efb\u8005\u306e\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u8b70\u9577\u306e\u5bb9\u8d66\u306a\u3044\u30a4\u30f3\u30d5\u30ec\u9000\u6cbb\u306b\u3088\u3063\u30661980\u5e74\u306b\u3088\u3046\u3084\u304f\u30d4\u30fc\u30af\u3092\u8fce\u3048\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\/27377\" data-type=\"post\" data-id=\"27377\">\u30dd\u30fc\u30eb\u30fb\u30dc\u30eb\u30ab\u30fc\u6c0f\u30011980\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u304c\u3069\u308c\u3060\u3051\u53b3\u3057\u304b\u3063\u305f\u304b\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>1970\u5e74\u4ee3\u306e\u518d\u6765\u304b<\/strong><\/p>\n\n\n\n<p>\u660e\u3089\u304b\u306b\u3001\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u5f53\u6642\u306e\u72b6\u6cc1\u3068\u4eca\u306e\u72b6\u6cc1\u3092\u91cd\u306d\u3066\u898b\u3066\u3044\u308b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\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\u878d\u653f\u7b56\u304c\u653f\u6cbb\u306b\u3088\u3063\u3066\u6b6a\u3081\u3089\u308c\u3001\u305d\u306e\u72b6\u6cc1\u304c\u5e83\u304f\u77e5\u308c\u6e21\u308c\u3070\u3001\u4eba\u3005\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u61f8\u5ff5\u3059\u308b\u3088\u3046\u306b\u306a\u308b\u3002\u305d\u3057\u3066\u9ad8\u304f\u306a\u3063\u305f\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u304c\u8cc3\u91d1\u3084\u5546\u54c1\u306e\u4fa1\u683c\u6c7a\u5b9a\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u3001\u671f\u5f85\u304c\u81ea\u5df1\u5b9f\u73fe\u3092\u3057\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u304c\u5b9f\u969b\u306b\u9ad8\u304f\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u3067\u30a4\u30f3\u30d5\u30ec\u3092\u3069\u3046\u306b\u304b\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u304c\u3001\u8ab0\u3082\u304c\u7269\u4fa1\u4e0a\u6607\u3092\u4e88\u60f3\u3057\u3001\u4fa1\u683c\u3092\u3053\u305e\u3063\u3066\u4e0a\u3052\u3066\u3044\u308b\u72b6\u614b\u3067\u3001\u7d19\u5e63\u5370\u5237\u306b\u3088\u3063\u3066\u305d\u306e\u4e88\u60f3\u3092\u6e80\u305f\u3059\u3068\u3044\u3046\u3053\u3068\u3092\u3057\u306a\u3051\u308c\u3070\u3001\u7d4c\u6e08\u306f\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u3066\u3086\u304f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u91d1\u878d\u5e02\u5834\u306f\u3069\u3046\u306a\u308b\u304b\u3002\u682a\u4fa1\u306f\u4e0a\u304c\u3063\u3066\u4e0b\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u3088\u308a\u8a73\u3057\u304f\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/69482\" data-type=\"post\" data-id=\"69482\">\u30a2\u30e1\u30ea\u30ab\u306e\u5229\u4e0b\u3052\u671f\u5f85\u3067\u7c73\u56fd\u682a\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u306e\u304b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3082\u3063\u3068\u660e\u767d\u306a\u306e\u306f\u3001\u30c9\u30eb\u304c\u4e0b\u304c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u30b5\u30de\u30fc\u30ba\u6c0f\u3068\u3082\u89aa\u3057\u3044Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u73cd\u3057\u304f\u3082\u30c9\u30eb\u4e0b\u843d\u306e\u4e88\u60f3\u3092\u516c\u8868\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>\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u6700\u8fd1\u767a\u58f2\u3055\u308c\u305f\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\u65e5\u672c\u306e\u6025\u6fc0\u306a\u5186\u5b89\u306e\u4e8b\u4f8b\u306b\u3082\u89e6\u308c\u306a\u304c\u3089\u3001\u30c9\u30eb\u306e\u904b\u547d\u306b\u3064\u3044\u3066\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u65b0\u8457\u306f\u65e5\u672c\u8a9e\u7248\u304c\u51fa\u3066\u3044\u306a\u3044\u304c\u3001\u30c9\u30eb\u304c\u9577\u671f\u7684\u306b\u3069\u3046\u306a\u308b\u306e\u304b\u304c\u6c17\u306b\u306a\u308b\u4eba\u3067\u3001\u82f1\u8a9e\u304c\u8aad\u3081\u308b\u4eba\u306f\u3001\u539f\u8457\u3092\u8aad\u3093\u3067\u307f\u308b\u3053\u3068\u3092\u304a\u85a6\u3081\u3057\u305f\u3044\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>\u30a2\u30e1\u30ea\u30ab\u306e\u5143\u8ca1\u52d9\u9577\u5b98\u3067\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u8005\u306e\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u3068Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u95a2\u4fc2\u3001\u305d\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u4eca\u5f8c\u306e\u91d1\u878d\u653f\u7b56\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\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":[183,118,108,88],"tags":[98],"class_list":["post-69820","post","type-post","status-publish","format-standard","hentry","category-us-politics-and-cultures","category-us-bond-market","category-bond-markets","category-politics-and-cultures","tag-larry-summers"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69820","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=69820"}],"version-history":[{"count":27,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69820\/revisions"}],"predecessor-version":[{"id":69847,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/69820\/revisions\/69847"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=69820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=69820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=69820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}