{"id":72134,"date":"2025-11-14T20:00:00","date_gmt":"2025-11-14T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=72134"},"modified":"2025-11-15T01:28:29","modified_gmt":"2025-11-14T16:28:29","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e6%97%a5%e6%9c%ac%e5%86%86%e3%81%af%e5%89%b2%e5%ae%89%e3%81%a0%e3%80%81%e3%81%93%e3%82%8c%e3%81%8b%e3%82%89%e4%b8%8a%e6%98%87%e3%81%99","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/72134","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u65e5\u672c\u5186\u306f\u5272\u5b89\u3060\u3001\u3053\u308c\u304b\u3089\u4e0a\u6607\u3059\u308b"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u30c7\u30a4\u30f4\u30a3\u30c3\u30c9\u30fb\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u3068\u306e\u5bfe\u8ac7\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u30c6\u30fc\u30de\u306f\u65e5\u672c\u5186\u3060\u304c\u3001\u3053\u308c\u306f\u3001\u3069\u3046\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u5b89\u3044\u65e5\u672c\u5186<\/strong><\/p>\n\n\n\n<p>\u4eca\u56de\u3001\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u65e5\u672c\u5186\u306f\u3069\u3046\u304b\u3068\u805e\u3044\u305f\u3002\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u5186\u306f\u5b89\u3044\u901a\u8ca8\u3060\u3002\u7d99\u7d9a\u7684\u306b\u3069\u3093\u3069\u3093\u5b89\u304f\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u3068\u3082\u304b\u304f\u304b\u306a\u308a\u5b89\u3044\u901a\u8ca8\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c9\u30eb\u5186\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\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\/11\/2025-11-14-usdjpy-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"541\" height=\"501\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/11\/2025-11-14-usdjpy-chart.png\" alt=\"\" class=\"wp-image-72136\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/11\/2025-11-14-usdjpy-chart.png 541w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/11\/2025-11-14-usdjpy-chart-300x278.png 300w\" sizes=\"auto, (max-width: 541px) 100vw, 541px\" \/><\/a><\/figure>\n\n\n\n<p>\u9ad8\u5e02\u9996\u76f8\u304c\u5c31\u4efb\u3057\u3066\u304b\u3089\u306f\u30c9\u30eb\u9ad8\u5186\u5b89\u306b\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u3053\u6570\u5e74\u3067\u898b\u308c\u3070\u307b\u307c\u6a2a\u3070\u3044\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u53b3\u5bc6\u306b\u8a00\u3048\u3070\u3001\u30c9\u30eb\u306f\u4eca4%\u7a0b\u5ea6\u306e\u91d1\u5229\u304c\u4ed8\u304f\u306e\u3067\u3001\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u904e\u53bb2\u5e74\u30678%\u7a0b\u5ea6\u30c9\u30eb\u306b\u8ca0\u3051\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u3053\u306e\u30c1\u30e3\u30fc\u30c8\u3060\u3051\u3092\u3044\u3064\u3082\u898b\u3066\u3044\u308b\u65e5\u672c\u306e\u6295\u8cc7\u5bb6\u306b\u306f\u65e5\u672c\u5186\u306f\u305d\u308c\u307b\u3069\u4e0b\u304c\u3063\u3066\u3044\u306a\u3044\u3088\u3046\u306b\u898b\u3048\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u3053\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u30c9\u30eb\u5186\u3067\u3042\u308a\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u308c\u307e\u3067\u30c9\u30eb\u306e\u4e0b\u843d\u4e88\u60f3\u3092\u516c\u8a00\u3057\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3001\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u8aac\u660e\u3057\u3066\u3044\u305f\u901a\u308a\u3001\u4e16\u754c\u7684\u306b\u898b\u308c\u3070\u4eca\u5e74\u30c9\u30eb\u306f\u5927\u5e45\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\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\/72106\" data-type=\"post\" data-id=\"72106\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30c9\u30eb\u7a7a\u58f2\u308a\u306f\u4eca\u4e00\u756a\u7c21\u5358\u306b\u5132\u304b\u308b\u30c8\u30ec\u30fc\u30c9<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u65e5\u672c\u5186\u306f\u305d\u306e\u30c9\u30eb\u306b\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3067\u8ca0\u3051\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u5f53\u7136\u306a\u304c\u3089\u300c\u5b89\u3044\u901a\u8ca8\u300d\u3068\u3044\u3046\u308f\u3051\u3060\u3002<\/p>\n\n\n\n<p><strong>\u65e5\u672c\u5186\u306f\u5272\u5b89\u304b<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u767a\u8a00\u3092\u805e\u3044\u305f\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\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>\u308f\u308c\u308f\u308c\u3082\u5186\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u3002\u307b\u3068\u3093\u3069\u306e\u671f\u9593\u3067\u6a2a\u3070\u3044\u306e\u901a\u8ca8\u3060\u304c\u3001\u308f\u308c\u308f\u308c\u306e\u30ea\u30b5\u30fc\u30c1\u306b\u3088\u308c\u3070\u30c9\u30eb\u5186\u306f120\u5186\u304b\u3089130\u5186\u7a0b\u5ea6\u3067\u3042\u308b\u306e\u304c\u59a5\u5f53\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u5186\u304c\u5272\u5b89\u3060\u3068\u8a00\u3046\u306e\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u3001\u9a5a\u304f\u3079\u304d\u3053\u3068\u306b\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3082\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>\u308f\u305f\u3057\u3082\u305d\u3053\u306b\u9b45\u529b\u3092\u611f\u3058\u3066\u3044\u308b\u3002\u5186\u306f\u3053\u308c\u304b\u3089\u4e0a\u304c\u308b\u3068\u601d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3053\u308c\u306f\u3069\u3046\u3060\u308d\u3046\u304b\u3002\u78ba\u304b\u306b\u3001\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u3092\u8003\u3048\u308c\u3070\u65e5\u672c\u5186\u306f\u5b89\u3044\u3088\u3046\u306b\u601d\u3046\u3002\u30a2\u30e1\u30ea\u30ab\u3084\u30e8\u30fc\u30ed\u30c3\u30d1\u304b\u3089\u65e5\u672c\u306b\u5e30\u3063\u3066\u6765\u308c\u3070\u3001\u65e5\u672c\u306e\u7269\u4fa1\u304c\u3069\u308c\u3060\u3051\u5b89\u3044\u304b\u3068\u3044\u3046\u3053\u3068\u3092\u601d\u3044\u77e5\u3089\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u81ea\u6c11\u515a\u306e\u5186\u5b89\u653f\u7b56\u306e\u304a\u9670\u3067\u3001\u4eca\u3084\u65e5\u672c\u306f\u5b89\u3044\u56fd\u306b\u306a\u3063\u305f\u306e\u3067\u3042\u308b\u3002\u5916\u56fd\u4eba\u89b3\u5149\u5ba2\u304c\u5927\u6319\u3057\u3066\u62bc\u3057\u5bc4\u305b\u308b\u306e\u306f\u3001\u6cbb\u5b89\u3082\u3088\u304f\u98df\u4e8b\u3082\u7f8e\u5473\u3057\u3044\u56fd\u304c\u3053\u308c\u307b\u3069\u307e\u3067\u306b\u5b89\u58f2\u308a\u3055\u308c\u3066\u3044\u308b\u304b\u3089\u3060\u3002\u305d\u3057\u3066\u300c\u5b89\u58f2\u308a\u3055\u308c\u3066\u3044\u308b\u304b\u3089\u305d\u306e\u56fd\u306b\u6765\u308b\u300d\u89b3\u5149\u5ba2\u306f\u3001\u7269\u4fa1\u304c\u9ad8\u304f\u3068\u3082\u305d\u306e\u56fd\u306b\u6765\u305f\u3044\u89b3\u5149\u5ba2\u3088\u308a\u3082\u5f53\u7136\u306b\u8cea\u304c\u52a3\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u539f\u56e0\u306f\u5186\u5b89\u3067\u3042\u308a\u3001\u65e5\u672c\u4eba\u304c\u5916\u56fd\u4eba\u89b3\u5149\u5ba2\u306e\u5bfe\u7b56\u3092\u5186\u5b89\u3092\u610f\u56f3\u7684\u306b\u5b9f\u73fe\u3057\u305f\u81ea\u6c11\u515a\u306b\u59d4\u306d\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u6ce5\u68d2\u306b\u7559\u5b88\u756a\u3092\u4efb\u305b\u308b\u306e\u3068\u540c\u3058\u304f\u3089\u3044\u611a\u304b\u306a\u3053\u3068\u3060\u3002\u5f7c\u3089\u304c\u65e5\u672c\u3092\u5b89\u58f2\u308a\u3057\u305f\u306e\u3067\u3042\u308b\u3002\u4fdd\u5b88\u3068\u306f\u4f55\u3060\u308d\u3046\u3002\u58f2\u56fd\u5974\u306e\u3053\u3068\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\/60143\" data-type=\"post\" data-id=\"60143\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u30a4\u30f3\u30d5\u30ec\u3068\u901a\u8ca8\u5b89\u3067\u6700\u5f8c\u307e\u3067\u7d19\u5e63\u3092\u6301\u3063\u3066\u3044\u308b\u4eba\u3005\u304c\u5927\u640d\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u5186\u5b89\u306e\u7406\u7531<\/strong><\/p>\n\n\n\n<p>\u4ed6\u306b\u3082\u5186\u5b89\u304c\u5999\u3060\u3068\u8003\u3048\u308b\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u7684\u7406\u7531\u306f\u3042\u308b\u3002\u65e5\u9280\u306f\u4eee\u306b\u3082\u5229\u4e0a\u3052\u30b5\u30a4\u30af\u30eb\u306b\u3042\u308b\u3002\u305d\u308c\u307b\u3069\u5229\u4e0a\u3052\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u304c\u3001\u305d\u308c\u3067\u3082\u30a2\u30e1\u30ea\u30ab\u306f\u5229\u4e0b\u3052\u30b5\u30a4\u30af\u30eb\u306b\u5165\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u65e5\u7c73\u306e\u91d1\u878d\u653f\u7b56\u306e\u9055\u3044\u3092\u8003\u3048\u308c\u3070\u3001\u30c9\u30eb\u5186\u306f\u3082\u3063\u3068\u4e0b\u304c\u3063\u3066\u3082\u826f\u3055\u305d\u3046\u306a\u3082\u306e\u3060\u3002\u3060\u304c\u5186\u306f\u4e0a\u304c\u3063\u3066\u3044\u306a\u3044\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u305d\u308c\u3067\u5186\u306f\u5272\u5b89\u3060\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7e8f\u3081\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>\u7269\u4e8b\u304c\u5b9f\u73fe\u3059\u308b\u306b\u306f\u601d\u3063\u305f\u3088\u308a\u3082\u6642\u9593\u304c\u304b\u304b\u308b\u3082\u306e\u3060\u3002\u3060\u304c\u6700\u7d42\u7684\u306b\u306f\u305d\u306e\u65b9\u5411\u306b\u884c\u304f\u3068\u601d\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3057\u304b\u3057\u3069\u3046\u3060\u308d\u3046\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30c9\u30eb\u5b89\u306e\u4e88\u60f3\u3092\u7684\u4e2d\u3055\u305b\u3066\u304a\u308a\u3001\u305d\u306e\u7406\u7531\u306f\u50b5\u52d9\u554f\u984c\u306b\u3088\u308b\u91d1\u878d\u7de9\u548c\u61f8\u5ff5\u3068\u30c9\u30eb\u304b\u3089\u306e\u4e16\u754c\u7684\u306a\u8cc7\u91d1\u6d41\u51fa\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/70881\" data-type=\"post\" data-id=\"70881\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u50b5\u52d9\u3092\u62b1\u3048\u305f\u30a2\u30e1\u30ea\u30ab\u304c\u30c9\u30eb\u3092\u4e0b\u843d\u3055\u305b\u308b\u306e\u306f\u5f53\u7136\u306e\u5e30\u7d50\u3060<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u500b\u4eba\u7684\u306b\u306f\u5186\u5b89\u306e\u7406\u7531\u306f\u3001\u30c9\u30eb\u3068\u540c\u3058\u304f\u5c06\u6765\u7684\u306a\u91d1\u878d\u7de9\u548c\u304c\u907f\u3051\u3089\u308c\u306a\u3044\u3053\u3068\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u65e5\u672c\u306e\u50b5\u52d9\u554f\u984c\u306f\u91d1\u878d\u7de9\u548c\u3067\u7121\u7406\u77e2\u7406\u91d1\u5229\u3092\u4e0b\u3052\u308b\u3053\u3068\u3067\u3057\u304b\u89e3\u6c7a\u3067\u304d\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u30b3\u30ed\u30ca\u4ee5\u964d\u91d1\u878d\u7de9\u548c\u3067\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u304d\u308b\u4e16\u754c\u304c\u5b9a\u7740\u3057\u3066\u3057\u307e\u3063\u305f\u3002Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/3IWOGjY\" data-type=\"link\" data-id=\"https:\/\/amzn.to\/3IWOGjY\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u5de8\u5927\u50b5\u52d9\u5371\u6a5f\u3092\u7406\u89e3\u3059\u308b<\/a>\u300f\u3067\u4e88\u8a00\u3057\u7684\u4e2d\u3055\u305b\u305f\u901a\u308a\u3001\u91d1\u878d\u7de9\u548c\u306f\u3069\u3093\u3069\u3093\u5927\u898f\u6a21\u5316\u3057\u3066\u3086\u304f\u3082\u306e\u3067\u3042\u308a\u3001\u6b21\u306e\u91d1\u878d\u7de9\u548c\u306f\u524d\u306e\u91d1\u878d\u7de9\u548c\u3088\u308a\u5927\u304d\u306a\u3082\u306e\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/43IM42P\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/71Mod5dZK9L._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/43IM42P\" target=\"_blank\" rel=\"noreferrer noopener\">\u5de8\u5927\u50b5\u52d9\u5371\u6a5f\u3092\u7406\u89e3\u3059\u308b<\/a><\/p>\n\n\n\n<p>\u3060\u304b\u3089\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u7de9\u548c\u3067\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u306a\u3089\u3070\u3001\u6b21\u306e\u7de9\u548c\u3067\u3082\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u3067\u4eba\u3005\u306f\u30c9\u30eb\u304b\u3089\u30b4\u30fc\u30eb\u30c9\u3078\u8cc7\u91d1\u3092\u9003\u907f\u3055\u305b\u3066\u3044\u308b\u304c\u3001\u65e5\u672c\u5186\u304b\u3089\u3082\u4eba\u3005\u306f\u9003\u3052\u3066\u3044\u308b\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\/71364\" data-type=\"post\" data-id=\"71364\">\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f: \u30c9\u30eb\u4e0b\u843d\u306f\u52a0\u901f\u3057\u3001\u91d1\u4fa1\u683c\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u304c\u3001\u305d\u308c\u306f\u793e\u4f1a\u306b\u3068\u3063\u3066\u306f\u826f\u3044\u3053\u3068\u3067\u306f\u306a\u3044<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/70865\" data-type=\"post\" data-id=\"70865\">\u30b4\u30fc\u30eb\u30c9\u3092\u63a8\u5968\u3059\u308b\u30d5\u30a9\u30f3\u30fb\u30b0\u30e9\u30a4\u30a2\u30fc\u30c4\u6c0f\u3001\u3059\u3079\u3066\u306e\u901a\u8ca8\u3092\u9177\u8a55<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u30c9\u30eb\u304c\u4e0b\u304c\u308a\u3001\u5186\u306f\u305d\u308c\u4ee5\u4e0a\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u3053\u3068\u3067\u3001\u91d1\u5229\u3088\u308a\u3082\u50b5\u52d9\u554f\u984c\u304c\u901a\u8ca8\u306e\u4fa1\u5024\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u6642\u4ee3\u304c\u6765\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u50b5\u52d9\u554f\u984c\u306f\u3001\u901a\u8ca8\u5b89\u3067\u89e3\u6c7a\u3055\u308c\u308b\u3002\u901a\u8ca8\u5b89\u3068\u306f\u4eba\u3005\u306e\u9810\u91d1\u306e\u4fa1\u5024\u304c\u4e0b\u304c\u308b\u3053\u3068\u3067\u3042\u3063\u3066\u3001\u5b9f\u969b\u306b\u305d\u308c\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u306e\u306b\u3001\u65e5\u672c\u653f\u5e9c\u304c\u5f62\u5f0f\u7684\u306b\u8ca1\u653f\u7834\u7dbb\u3059\u308b\u304b\u3069\u3046\u304b\u3060\u3051\u304c\u554f\u984c\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u4eba\u306f\u9762\u767d\u3044\u8003\u3048\u65b9\u3092\u3059\u308b\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ec\u30a4\u30fb\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\u3067\u30c9\u30eb\u306e\u884c\u304f\u672b\u3092\u4e88\u60f3\u3059\u308b\u306b\u3042\u305f\u3063\u3066\u3001\u65e5\u672c\u5186\u3092\u50b5\u52d9\u554f\u984c\u306e\u5bfe\u51e6\u306b\u5931\u6557\u3057\u305f\u4f8b\u3068\u3057\u3066\u7d39\u4ecb\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\/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>\u30c0\u30ea\u30aa\u6c0f\u306e\u65b0\u8457\u306b\u306f\u65e5\u672c\u8a9e\u7248\u306f\u306a\u3044\u304c\u3001\u82f1\u8a9e\u304c\u8aad\u3081\u308b\u4eba\u306f\u305d\u3061\u3089\u3082\u53c2\u8003\u306b\u3057\u3066\u3082\u3089\u3044\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\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u30c7\u30a4\u30f4\u30a3\u30c3\u30c9\u30fb\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u3068\u306e\u5bfe\u8ac7\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002 \u4eca\u56de\u306e\u30c6\u30fc\u30de\u306f\u65e5\u672c\u5186\u3060\u304c\u3001\u3053\u308c\u306f\u3001\u3069\u3046\u3060\u308d\u3046\u3002<\/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":[131],"class_list":["post-72134","post","type-post","status-publish","format-standard","hentry","category-usdjpy","category-foreign-exchange-market","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/72134","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=72134"}],"version-history":[{"count":47,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/72134\/revisions"}],"predecessor-version":[{"id":72182,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/72134\/revisions\/72182"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=72134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=72134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=72134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}