{"id":7051,"date":"2017-12-07T20:07:41","date_gmt":"2017-12-07T11:07:41","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=7051"},"modified":"2017-12-07T14:38:32","modified_gmt":"2017-12-07T05:38:32","slug":"%e3%82%ac%e3%83%b3%e3%83%88%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%83%89%e3%83%ab%e3%81%af%e4%b8%8b%e8%90%bd%e3%81%b8%e3%80%81%e3%82%b3%e3%83%a2%e3%83%87%e3%82%a3%e3%83%86%e3%82%a3%e3%81%af%e8%b2%b7","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7051","title":{"rendered":"\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u30c9\u30eb\u306f\u4e0b\u843d\u3078\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u8cb7\u3044\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u306f\u58f2\u308a"},"content":{"rendered":"<p>\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u521d\u671f\u3092\u6b63\u78ba\u306b\u4e88\u60f3\u3057\u305f\u8457\u540d\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304c\u30c9\u30eb\u5b89\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002Reuters\uff08<a href=\"https:\/\/www.reuters.com\/article\/us-funds-doubleline-gundlach\/gundlach-says-strange-environment-to-be-cutting-u-s-corporate-taxes-idUSKBN1DZ381\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3001CNBC\uff08<a href=\"https:\/\/www.cnbc.com\/2017\/12\/05\/jeffrey-gundlach-says-its-a-good-time-to-buy-commodities.html\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u306a\u3069\u304c\u4f1d\u3048\u3066\u3044\u308b\u3002<\/p>\n<p><!--more--><strong>\u30c9\u30eb\u306f\u4e0b\u843d\u3078\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u8cb7\u3044<\/strong><\/p>\n<p>Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30a4\u30a8\u30ec\u30f3\u8b70\u9577\u304c\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u3092\u958b\u59cb\u3057\u3001\u305d\u308c\u3089\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u653f\u7b56\u3092\u6b21\u671f\u8b70\u9577\u306e\u30d1\u30a6\u30a8\u30eb\u6c0f\u304c\u5f15\u304d\u7d99\u3054\u3046\u3068\u3057\u3066\u3044\u308b\u4e2d\u3067\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u30a2\u30c9\u30d0\u30a4\u30b9\u3092\u6295\u8cc7\u5bb6\u306b\u8d08\u308b\u3002<\/p>\n<blockquote><p>\u3082\u3057\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3092\u8cb7\u304a\u3046\u3068\u601d\u3063\u305f\u3053\u3068\u304c\u3042\u308b\u306a\u3089\u3070\u3001\u6050\u3089\u304f\u4eca\u8cb7\u3046\u3079\u304d\u3060\u3002<\/p><\/blockquote>\n<p>\u305d\u306e\u6839\u62e0\u306f\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u30c9\u30eb\u76f8\u5834\u306e\u4e88\u60f3\u306b\u3042\u308b\u3002<\/p>\n<blockquote><p>\u30c9\u30eb\u6307\u6570\u306e\u6b21\u306e\u5927\u304d\u306a\u52d5\u304d\u306f\u4e0b\u843d\u306b\u306a\u308b\u3060\u308d\u3046\u3002Fed\u306f\u73fe\u5728\u4e3b\u5f35\u3057\u3066\u3044\u308b\u307b\u3069\u306b\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u51fa\u6765\u306a\u3044\u3060\u308d\u3046\u304b\u3089\u3060\u3002\u305d\u3057\u3066\u5f31\u3044\u30c9\u30eb\u306f\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u4fa1\u683c\u3084\u65b0\u8208\u56fd\u5e02\u5834\u306b\u3068\u3063\u3066\u30d7\u30e9\u30b9\u306b\u306a\u308b\u3002<\/p><\/blockquote>\n<p>\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u30c9\u30eb\u306e\u4e0b\u843d\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u305d\u3057\u3066\u4e3b\u306b\u30c9\u30eb\u5efa\u3066\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u8cb4\u91d1\u5c5e\u3084\u8fb2\u4f5c\u7269\u306a\u3069\u306e\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306f\u3001\u30c9\u30eb\u306e\u4fa1\u5024\u304c\u8584\u307e\u308c\u3070\u305d\u306e\u5206\u30c9\u30eb\u5efa\u3066\u3067\u306e\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u307e\u305f\u65b0\u8208\u56fd\u5e02\u5834\u306e\u8cb7\u3044\u3068\u3044\u3046\u306e\u306f\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u76f8\u5834\u89b3\u3068\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7007\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u65b0\u8208\u56fd\u682a\u3084\u30b4\u30fc\u30eb\u30c9\u306a\u3069\u30c9\u30eb\u5b89\u9298\u67c4\u3092\u8cb7\u3044\u5897\u3057<\/a><\/li>\n<\/ul>\n<p><strong>2018\u5e74\u30c9\u30eb\u76f8\u5834\u306e\u4e88\u60f3<\/strong><\/p>\n<p>\u4e2d\u592e\u9280\u884c\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u305d\u308c\u304c\u7d9a\u304b\u306a\u3044\u3068\u3044\u3046\u7406\u7531\u3067\u30c9\u30eb\u5b89\u306b\u8ced\u3051\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u4ee5\u524d\u306b\u5229\u4e0a\u3052\u304c\u4e2d\u65ad\u3055\u308c\u308b\u3068\u4e88\u60f3\u3057\u3066\u308f\u305f\u3057\u304c\u91d1\u76f8\u5834\u306e\u5927\u5e95\u3092\u8cb7\u3044\u4e0a\u304c\u3063\u305f2015\u5e74\u672b\u306e\u72b6\u6cc1\u306b\u4f3c\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/2196\">2016\u5e74\u91d1\u4fa1\u683c\u306e\u63a8\u79fb\u4e88\u60f3: \u91d1\u306f\u66b4\u9a30\u3059\u308b\u304c\u3044\u3064\u8cb7\u3046\u3079\u304d\u304b\uff1f\u3000\u5229\u4e0a\u3052\u306e\u5f71\u97ff\u3068\u7c73\u56fd\u7d4c\u6e08\u306e\u52d5\u5411 (2015\/12\/26)<\/a><\/li>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/4658\">\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u8a95\u751f\u3067\u6295\u8cc7\u306e\u9244\u5247\u306b\u5f93\u3044\u91d1\u76f8\u5834\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u3059\u3079\u3066\u5229\u76ca\u78ba\u5b9a (2016\/11\/11)<\/a><\/li>\n<\/ul>\n<p>\u5f53\u6642\u30012016\u5e74\u5185\u306b\u5229\u4e0a\u3052\u304c4\u56de\u3042\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u305f\u91d1\u878d\u5e02\u5834\u306b\u5bfe\u3057\u3001\u305d\u306e\u898f\u6a21\u306e\u5229\u4e0a\u3052\u306f\u4e0d\u53ef\u80fd\u3068\u8aad\u3093\u3060\u308f\u305f\u3057\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u64a4\u56de\u3067\u6069\u6075\u3092\u53d7\u3051\u308b\u30b4\u30fc\u30eb\u30c9\u3092\u8cb7\u3044\u8fbc\u3093\u3067\u5229\u76ca\u3092\u4e0a\u3052\u305f\u3002\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u73fe\u5728\u306e\u76f8\u5834\u306b\u5f53\u6642\u306e\u72b6\u6cc1\u306e\u518d\u73fe\u3092\u898b\u3066\u3044\u308b\u308f\u3051\u3067\u3042\u308b\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u308f\u305f\u3057\u306f\u3053\u3053\u6700\u8fd1\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u65b9\u5411\u306b\u8ced\u3051\u308b\u3053\u3068\u3092\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u305d\u306e\u7e8f\u3081\u304c\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7030\">2018\u5e74\u306e\u4e16\u754c\u91d1\u878d\u5e02\u5834\u306e\u76f8\u5834\u4e88\u60f3\u3068\u884c\u3046\u3079\u304d3\u3064\u306e\u30c8\u30ec\u30fc\u30c9<\/a><\/li>\n<\/ul>\n<p>\u305d\u306e\u6839\u62e0\u306f\u3001\u5c11\u306a\u304f\u3068\u3082\u4eca\u5f8c\u534a\u5e74\u306f\u30a2\u30e1\u30ea\u30ab\u306eGDP\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u3055\u305b\u308b\u307b\u3069\u306e\u6e1b\u901f\u306b\u306f\u898b\u821e\u308f\u308c\u306a\u3044\u3068\u3044\u3046\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306e\u5206\u6790\u3067\u3042\u308b\u3002\u5185\u5bb9\u3092\u5c11\u3057\u5f15\u7528\u3057\u3088\u3046\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6971\">2017\u5e743Q\u7c73\u56fdGDP\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u5fcd\u3073\u5bc4\u308b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u5f71\u97ff<\/a><\/li>\n<\/ul>\n<blockquote><p>\u73fe\u5728\u306e2.26%\u3068\u3044\u3046\u6570\u5b57\u304b\u3089Fed\u306b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u64a4\u56de\u3092\u3055\u305b\u308b\u307e\u3067\u306e\u6e1b\u901f\u306b\u81f3\u308b\u307e\u3067\u306b\u306f\u3001\u5c11\u306a\u304f\u3068\u30822\u56db\u534a\u671f\u3001\u3042\u308b\u3044\u306f3\u56db\u534a\u671f\u7a0b\u5ea6\u306e\u6642\u9593\u7d4c\u904e\u304c\u5fc5\u8981\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u308c\u306f\u8981\u3059\u308b\u306b\u3001Fed\u306f\u5c11\u306a\u304f\u3068\u3082\u534a\u5e74\u307b\u3069\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u7d9a\u3051\u308b\u3060\u308d\u3046\u3068\u3044\u3046\u610f\u5473\u3067\u3042\u308a\u3001\u305d\u306e\u9593\u30c9\u30eb\u306f\u4e0a\u6607\u5727\u529b\u306b\u6652\u3055\u308c\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u305d\u3057\u3066\u3001\u975e\u5e38\u306b\u9762\u767d\u3044\u3053\u3068\u306b\u3001\u308f\u305f\u3057\u3068\u9006\u306e\u4e3b\u5f35\u3092\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u308b\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304c\u3001\u7d4c\u6e08\u6210\u9577\u306b\u3064\u3044\u3066\u308f\u305f\u3057\u3068\u540c\u3058\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<blockquote><p>\u5c11\u306a\u304f\u3068\u30826\u30f6\u6708\u4ee5\u5185\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u666f\u6c17\u5f8c\u9000\u306b\u9665\u308b\u53ef\u80fd\u6027\u306f\u4f4e\u3044\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u3053\u306e\u9055\u3044\u3092\u3069\u3046\u8003\u3048\u308b\u304b\u3067\u3042\u308b\u3002\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u7d50\u8ad6\u306e\u90e8\u5206\u3067\u8a9e\u308b\u3068\u3057\u305f\u3044\u3002<\/p>\n<p><strong>\u4f4e\u91d1\u5229\u30c8\u30ec\u30f3\u30c9\u306b\u3082\u4f8b\u5916\u3042\u308a<\/strong><\/p>\n<p>\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u5168\u4f53\u3068\u3057\u3066\u306f\u30c9\u30eb\u5b89\u3001\u91d1\u5229\u4e0b\u843d\u65b9\u5411\u306b\u52d5\u304f\u3068\u4e88\u60f3\u3059\u308b\u4e00\u65b9\u3067\u3001\u3059\u3079\u3066\u306e\u8cc7\u7523\u30af\u30e9\u30b9\u304c\u305d\u306e\u65b9\u5411\u306b\u52d5\u304f\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304c\u76f8\u5bfe\u7684\u306b\u3067\u306f\u3042\u308b\u304c\u91d1\u5229\u9ad8\u65b9\u5411\u306b\u52d5\u304f\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u8cc7\u7523\u30af\u30e9\u30b9\u304c\u3042\u308b\u3002\u305d\u308c\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u793e\u50b5\u3001\u305d\u306e\u4e2d\u3067\u3082\u7279\u306b\u5012\u7523\u306e\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u4f01\u696d\u306e\u767a\u884c\u3059\u308b\u9ad8\u30ea\u30b9\u30af\u306a\u30b8\u30e3\u30f3\u30af\u50b5\u3067\u3042\u308b\u3002\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u30a2\u30e1\u30ea\u30ab\u306e\u793e\u50b5\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u304c\u56fd\u50b5\u3092\u4e0a\u56de\u308b\u6642\u671f\u306f\u7d42\u308f\u308a\u3092\u8fce\u3048\u3064\u3064\u3042\u308b\u3002\u91cf\u7684\u7de9\u548c\u304c\u793e\u50b5\u3084\u30b8\u30e3\u30f3\u30af\u50b5\u306a\u3069\u306e\u30ea\u30b9\u30af\u8cc7\u7523\u3092\u652f\u3048\u3066\u3044\u305f\u304b\u3089\u3060\u3002<\/p><\/blockquote>\n<p>\u56e0\u307f\u306b\u308f\u305f\u3057\u304c\u4e0a\u8a18\u306e<a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7030\">2018\u5e74\u306e\u76f8\u5834\u4e88\u60f3\u306e\u8a18\u4e8b<\/a>\u3067\u63a8\u5968\u3057\u305f\u306e\u304c\u30b8\u30e3\u30f3\u30af\u50b5\u306e\u7a7a\u58f2\u308a\u3067\u3042\u308b\u3002\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u5225\u306b\u8a18\u4e8b\u3092\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7019\">\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a\u3092\u958b\u59cb\u3001\u30ed\u30b7\u30a2\u56fd\u50b5\u6295\u8cc7\u306f\u30ed\u30b7\u30a2\u682a\u3078\u79fb\u884c<\/a><\/li>\n<\/ul>\n<p>\u8208\u5473\u6df1\u3044\u4e00\u81f4\u3060\u304c\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u767a\u8a00\u306f\u4eca\u9031\u706b\u66dc\u65e5\u306e\u3082\u306e\u3067\u3001\u3053\u308c\u307e\u3067\u7d39\u4ecb\u3057\u305f\u308f\u305f\u3057\u306e\u904e\u53bb\u306e\u8a18\u4e8b\u306f\u3059\u3079\u3066\u305d\u308c\u3088\u308a\u3082\u53e4\u3044\u306e\u3067\u3001\u771f\u4f3c\u3092\u3057\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u8ad6\u7406\u7684\u306b\u773a\u3081\u308c\u3070\u3001\u540c\u3058\u3088\u3046\u306a\u7d50\u8ad6\u306b\u81f3\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u6839\u5e95\u306b\u3042\u308b\u7d4c\u6e08\u5206\u6790\u304c\u4e00\u81f4\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u308f\u305f\u3057\u3068\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u8ad6\u8abf\u306f\u771f\u9006\u3067\u3042\u308b\u3002\u308f\u305f\u3057\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u65b9\u5411\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u30e1\u30a4\u30f3\u3067\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u308c\u304c\u9006\u6d41\u3059\u308b\u30b7\u30ca\u30ea\u30aa\u3092\u5168\u9762\u306b\u62bc\u3057\u51fa\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u3053\u306e\u5dee\u7570\u306f\u3001\u5947\u3057\u304f\u3082\u4e00\u81f4\u3057\u305f\u300c\u3053\u308c\u304b\u3089\u5c11\u306a\u304f\u3068\u30826\u30f6\u6708\u300d\u3092\u3069\u3046\u898b\u308b\u304b\u3068\u3044\u3046\u4e00\u70b9\u306b\u304b\u304b\u3063\u3066\u3044\u308b\u3002\u308f\u305f\u3057\u306e\u610f\u898b\u3067\u306f\u3001\u3053\u308c\u304b\u30896\u30f6\u6708\u3082Fed\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u64a4\u56de\u3057\u306a\u3044\u306a\u3089\u3070\u30016\u30f6\u6708\u3068\u3044\u3046\u6642\u9593\u306f\u91d1\u878d\u5e02\u5834\u306b\u5f71\u97ff\u304c\u51fa\u306a\u3044\u306b\u306f\u9577\u3059\u304e\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002\u4e00\u65b9\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u30016\u30f6\u6708\u3067\u9006\u6d41\u3059\u308b\u306e\u3060\u304b\u3089\u73fe\u6642\u70b9\u3067\u3082\u3046\u305d\u306e\u65b9\u5411\u306b\u8ced\u3051\u3066\u3082\u826f\u3044\u3060\u308d\u3046\u3068\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002\u3069\u3061\u3089\u306e\u30cb\u30e5\u30a2\u30f3\u30b9\u3067\u53d7\u3051\u53d6\u308b\u3079\u304d\u304b\u306f\u8aad\u8005\u306e\u6295\u8cc7\u65b9\u91dd\u6b21\u7b2c\u3060\u308d\u3046\u3002<\/p>\n<p>\u4e00\u65b9\u3067\u3001\u3069\u3061\u3089\u306e\u5834\u5408\u3082\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u3044\u3064\u30d4\u30fc\u30af\u306b\u9054\u3059\u308b\u304b\u3092\u898b\u6975\u3081\u308b\u3053\u3068\u306f\u91cd\u8981\u3067\u3042\u308b\u3002\u3053\u306e\u70b9\u306b\u304a\u3044\u3066\u306f3\u5e74\u7269\u56fd\u50b5\u306a\u3069\u306e\u77ed\u671f\u56fd\u50b5\u3092\u76e3\u8996\u3057\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u66f8\u3044\u305f\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7030\">2018\u5e74\u306e\u4e16\u754c\u91d1\u878d\u5e02\u5834\u306e\u76f8\u5834\u4e88\u60f3\u3068\u884c\u3046\u3079\u304d3\u3064\u306e\u30c8\u30ec\u30fc\u30c9<\/a><\/li>\n<\/ul>\n<blockquote><p>\u77ed\u671f\u56fd\u50b5\u306e\u91d1\u5229\u306b\u898b\u308b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u9650\u754c\u3068\u306f\u30013\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304c2.00%\u304b\u30892.20%\u7a0b\u5ea6\u307e\u3067\u4e0a\u304c\u3063\u305f\u6642\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u3053\u306e\u5834\u5408\u300110\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\uff08\u9577\u671f\u91d1\u5229\uff09\u306f3%\u3092\u8d85\u3048\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u304f\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u305d\u306e\u3088\u3046\u306a\u9ad8\u91d1\u5229\u306b\u306f\u8010\u3048\u3089\u308c\u306a\u3044\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u4e00\u65b9\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>2\u5e74\u7269\u56fd\u50b5\u306810\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u5dee\u306f\u6ce8\u8996\u3059\u308b\u4fa1\u5024\u306e\u3042\u308b\u30dd\u30a4\u30f3\u30c8\u306b\u6765\u3066\u3044\u308b\u3002\u591a\u304f\u306e\u4eba\u304c\u9577\u77ed\u91d1\u5229\u5dee\u306e\u7e2e\u5c0f\u3092\u6b63\u5f53\u5316\u3059\u308b\u53e3\u5b9f\u3092\u63a2\u3057\u3066\u3044\u308b\u4e8b\u5b9f\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u5e8f\u76e4\u306b\u3044\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u4e2d\u76e4\u306b\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308b\u304c\u3001\u308f\u305f\u3057\u304c\u5f7c\u306e\u771f\u4f3c\u3092\u3057\u305f\u308f\u3051\u3067\u3082\u306a\u3051\u308c\u3070\u3001\u5f7c\u304c\u308f\u305f\u3057\u306e\u771f\u4f3c\u3092\u3057\u305f\u308f\u3051\u3067\u3082\u306a\u3044\u3002\u4eca\u5f8c\u3082\u4e16\u754c\u306e\u8457\u540d\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u7d1a\u306e\u60c5\u5831\u3092\u6de1\u3005\u3068\u63d0\u4f9b\u3057\u3066\u3086\u304f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u521d\u671f\u3092\u6b63\u78ba\u306b\u4e88\u60f3\u3057\u305f\u8457\u540d\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304c\u30c9\u30eb\u5b89\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002Reuters\uff08\u539f\u6587\u82f1\u8a9e\uff09\u3001CNBC\uff08\u539f\u6587\u82f1\u8a9e\uff09\u306a\u3069\u304c\u4f1d\u3048\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":[118,120,19,108],"tags":[131],"class_list":["post-7051","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-usdjpy","category-foreign-exchange-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7051","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=7051"}],"version-history":[{"count":8,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7051\/revisions"}],"predecessor-version":[{"id":7059,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7051\/revisions\/7059"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=7051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=7051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=7051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}