{"id":72388,"date":"2025-11-25T20:00:00","date_gmt":"2025-11-25T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=72388"},"modified":"2025-12-08T14:25:59","modified_gmt":"2025-12-08T05:25:59","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%e6%a0%aa%e3%81%af%e3%83%90%e3%83%96%e3%83%ab%e3%81%a0","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/72388","title":{"rendered":"\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u682a\u306f\u30d0\u30d6\u30eb\u3060"},"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\u3001CNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u30672025\u5e74\u7c73\u56fd\u682a\u306e\u4e0a\u6607\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u7c73\u56fd\u682a\u306e\u4e0a\u6607<\/strong><\/p>\n\n\n\n<p>\u7c73\u56fd\u682a\u306f\u3001\u4f55\u3060\u304b\u3093\u3060\u3067\u53f2\u4e0a\u6700\u9ad8\u5024\u4ed8\u8fd1\u306b\u3042\u308b\u3002\u30c8\u30e9\u30f3\u30d7\u95a2\u7a0e\u304c\u304d\u3063\u304b\u3051\u3068\u306a\u3063\u305f4\u6708\u306e\u682a\u4fa1\u4e0b\u843d\u306a\u3069\u3001\u6295\u8cc7\u5bb6\u306f\u3082\u306f\u3084\u307b\u3068\u3093\u3069\u899a\u3048\u3066\u3044\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u4fa1\u6307\u6570S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\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\/2025-11-25-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"579\" height=\"510\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/11\/2025-11-25-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-72398\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/11\/2025-11-25-s-and-p-500-chart.png 579w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/11\/2025-11-25-s-and-p-500-chart-300x264.png 300w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\" \/><\/a><\/figure>\n\n\n\n<p>\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u3001\u53bb\u5e74\u672b\u306e\u6642\u70b9\u3067\u304b\u306a\u308a\u9ad8\u304b\u3063\u305f\u3002\u5f53\u6642\u306e\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u306e\u8a18\u4e8b\u3092\u8aad\u3081\u3070\u3001\u305d\u306e\u5206\u6790\u304c\u5c11\u306a\u304f\u3068\u3082\u59a5\u5f53\u3067\u3042\u308b\u3053\u3068\u306f\u8ab0\u306b\u3082\u5206\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/57536\" data-type=\"post\" data-id=\"57536\">\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u3001\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3092\u9177\u8a55 (2025\/12\/25)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u4eca\u3001\u7c73\u56fd\u682a\u306f\u305d\u3053\u304b\u3089\u66f4\u306b10%\u7a0b\u5ea6\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u304b\u306a\u308a\u306e\u5272\u9ad8\u3067\u3042\u308b\u3053\u3068\u306b\u306f\u4f55\u3082\u5909\u308f\u308a\u306f\u306a\u3044\u3002\u3060\u304c\u30012000\u5e74\u306e\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u3067\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u7a7a\u307e\u3067\u4e0a\u304c\u3063\u305f\u3088\u3046\u306b\u3001\u5272\u9ad8\u3067\u3042\u308b\u304b\u3069\u3046\u304b\u306f\u77ed\u671f\u7684\u306a\u682a\u4fa1\u898b\u901a\u3057\u3068\u306f\u307b\u3068\u3093\u3069\u4f55\u3082\u95a2\u4fc2\u304c\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u30c0\u30ea\u30aa\u6c0f\u306e\u76f8\u5834\u89b3<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u73fe\u5728\u306e\u7c73\u56fd\u682a\u306b\u3064\u3044\u3066\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>\u682a\u5f0f\u5e02\u5834\u304c\u30d0\u30d6\u30eb\u306a\u306e\u306f\u9593\u9055\u3044\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306b\u3068\u3063\u3066\u30d0\u30d6\u30eb\u3067\u3042\u308b\u3053\u3068\u306e\u5b9a\u7fa9\u306f\u3001\u9577\u671f\u7684\u306b\u6301\u7d9a\u4e0d\u53ef\u80fd\u306a\u8cc7\u91d1\u306e\u6d41\u308c\u306b\u3088\u3063\u3066\u652f\u3048\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u9577\u671f\u7684\u306b\u6301\u7d9a\u4e0d\u53ef\u80fd\u3067\u3042\u308b\u3053\u3068\u306f\u3001\u77ed\u671f\u7684\u306b\u4f55\u51e6\u307e\u3067\u3082\u4e0a\u304c\u308b\u3053\u3068\u3092\u5426\u5b9a\u3057\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u3001\u7c73\u56fd\u682a\u306f\u77ed\u671f\u7684\u306b\u306f\u4f55\u51e6\u307e\u3067\u4e0a\u304c\u308b\u306e\u304b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u30d0\u30d6\u30eb\u304c\u30d4\u30fc\u30af\u306b\u306a\u308b\u6761\u4ef6\u306b\u3064\u3044\u3066\u3001\u6b21\u306e\u3088\u3046\u306b\u8a9e\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>\u91cd\u8981\u306a\u306e\u306f\u672a\u6765\u306e\u4f01\u696d\u5229\u76ca\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30d0\u30d6\u30eb\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u306e\u306f\u3001\u672a\u6765\u304c\u7d20\u6674\u3089\u3057\u3044\u304b\u3069\u3046\u304b\u3067\u306f\u306a\u3044\u3002\u6295\u8cc7\u5bb6\u304c\u73fe\u91d1\u3092\u5fc5\u8981\u3068\u3059\u308b\u304b\u3069\u3046\u304b\u3060\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u8cc7\u7523\u7a0e\u3084\u91d1\u878d\u653f\u7b56\u306e\u5f15\u304d\u7de0\u3081\u306a\u3069\u304c\u3042\u308c\u3070\u3001\u4eba\u3005\u306f\u30d0\u30d6\u30eb\u306b\u306a\u3063\u3066\u3044\u308b\u8cc7\u7523\u3092\u58f2\u3063\u3066\u652f\u6255\u3044\u306e\u305f\u3081\u306e\u73fe\u91d1\u3092\u4f5c\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u304d\u3063\u304b\u3051\u3068\u306a\u308b\u306e\u306f\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u305d\u306e\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u6295\u8cc7\u5bb6\u304c\u4f55\u3089\u304b\u306e\u7406\u7531\u3067\u305d\u306e\u8cc7\u7523\u3092\u73fe\u91d1\u5316\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3053\u3068\u3060\u3068\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>1929\u5e74\u4e16\u754c\u6050\u614c\u306e\u4e8b\u4f8b<\/strong><\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u30011929\u5e74\u304b\u3089\u59cb\u307e\u308b\u4e16\u754c\u6050\u614c\u306e\u5f15\u304d\u91d1\u3068\u306a\u3063\u305f1929\u5e74\u306e\u7c73\u56fd\u682a\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u4f8b\u306b\u51fa\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u6642\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u5f0f\u5e02\u5834\u306f\u3001\u96fb\u6c17\u306e\u666e\u53ca\u3068\u3044\u3046\u6280\u8853\u9769\u65b0\u3092\u7e54\u308a\u8fbc\u3093\u3067\u5927\u304d\u304f\u4e0a\u304c\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<p>AI\u3092\u7e54\u308a\u8fbc\u3093\u3067\u5927\u304d\u304f\u4e0a\u304c\u3063\u3066\u3044\u308b\u4eca\u306e\u682a\u5f0f\u5e02\u5834\u3068\u4f3c\u3066\u3044\u308b\u3068\u8a00\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\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>1929\u5e74\u306b\u306f\u3001\u96fb\u6c17\u306e\u666e\u53ca\u3092\u53cd\u6620\u3057\u3066\u69d8\u3005\u306a\u4f01\u696d\u306e\u682a\u4fa1\u304c\u4e0a\u304c\u3063\u305f\u3002General Electric\u3084RCA\u306a\u3069\u306e\u682a\u5f0f\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3053\u3046\u3057\u305f\u4f01\u696d\u306e\u682a\u4fa1\u306f90%\u4e0b\u843d\u3057\u305f\u3002\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u304c\u7406\u7531\u3067\u306f\u306a\u3044\u3002\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u3057\u305f\u6700\u521d\u306e\u539f\u56e0\u306f\u3001\u6295\u8cc7\u5bb6\u304c\u73fe\u91d1\u3092\u5fc5\u8981\u3068\u3057\u305f\u304b\u3089\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c8\u30de\u30b9\u30fb\u30a8\u30b8\u30bd\u30f3\u6c0f\u304c\u8a2d\u7acb\u3057\u305fGE\u306f\u4eca\u3082\u5b58\u5728\u3059\u308b\u3002\u96fb\u6c17\u306e\u666e\u53ca\u306b\u5927\u304d\u304f\u6069\u6075\u3092\u53d7\u3051\u305f\u4f01\u696d\u3067\u3042\u308b\u3053\u3068\u3082\u4e8b\u5b9f\u3060\u3002\u3060\u304c\u30011929\u5e74\u306b\u682a\u4fa1\u304c\u5d29\u58ca\u3057\u305f\u6642\u306b\u306f\u3001\u4ed6\u306e\u682a\u3068\u540c\u3058\u3088\u3046\u306b\u682a\u4fa1\u304c90%\u4e0b\u304c\u3063\u305f\u3002<\/p>\n\n\n\n<p>2000\u5e74\u306e\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u3067\u3082\u540c\u3058\u3067\u3042\u308b\u3002\u5f53\u6642\u3001Amazon.com\u3084Microsoft\u306a\u3069\u306e\u682a\u4fa1\u304c\u307b\u3068\u3093\u3069\u540c\u3058\u304f\u3089\u3044\u4e0b\u843d\u3057\u305f\u3002\u8ab0\u3082\u304c\u77e5\u3063\u3066\u306e\u901a\u308a\u3001Amazon.com\u3084Microsoft\u306f\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u306e\u666e\u53ca\u306b\u3088\u308a\u305d\u306e\u5f8c\u7d20\u6674\u3089\u3057\u3044\u696d\u7e3e\u3092\u4e0a\u3052\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u3001\u682a\u4fa1\u30d0\u30d6\u30eb\u304c\u5d29\u58ca\u3059\u308b\u6642\u306b\u306f\u7d20\u6674\u3089\u3057\u3044\u4f01\u696d\u3082\u66b4\u843d\u3059\u308b\u3002\u305d\u306e\u7406\u7531\u306f\u3001\u4f55\u3089\u304b\u306e\u7406\u7531\u306b\u3088\u308a\u6295\u8cc7\u5bb6\u304c\u682a\u5f0f\u3092\u58f2\u3063\u3066\u73fe\u91d1\u3092\u78ba\u4fdd\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\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>\u8cc7\u7523\u305d\u306e\u3082\u306e\u306f\u6d88\u8cbb\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002\u63db\u91d1\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u307e\u305a\u305d\u306e\u8cc7\u7523\u3092\u58f2\u3063\u3066\u3001\u73fe\u91d1\u3092\u5f97\u3066\u304b\u3089\u5fc5\u8981\u306a\u3082\u306e\u3092\u8cb7\u308f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30d0\u30d6\u30eb\u306f\u305d\u306e\u6642\u306b\u5d29\u58ca\u3059\u308b\u3002\u53e4\u5178\u7684\u306a\u539f\u56e0\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3060\u3002\u3060\u304c\u8cc7\u7523\u7a0e\u306e\u3088\u3046\u306a\u3082\u306e\u304c\u539f\u56e0\u306b\u306a\u308b\u3053\u3068\u3082\u3042\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4e0a\u304c\u3063\u305f\u6642\u306b\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u306f\u95a2\u4fc2\u306a\u304b\u3063\u305f\u306e\u3060\u304b\u3089\u3001\u4e0b\u304c\u308b\u6642\u306b\u3082\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u306f\u95a2\u4fc2\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>2025\u5e74\u306e\u682a\u4fa1\u30d0\u30d6\u30eb<\/strong><\/p>\n\n\n\n<p>2000\u5e74\u306e\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u3092\u5d29\u58ca\u3055\u305b\u305f\u306e\u3082\u30012008\u5e74\u306e\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306e\u30d0\u30d6\u30eb\u3092\u5d29\u58ca\u3055\u305b\u305f\u306e\u3082\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u4eca\u306f\u9006\u306b\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u91d1\u878d\u7de9\u548c\u3092\u63a8\u3057\u3066\u3044\u308b\u3002\u3060\u304b\u3089\u5272\u9ad8\u3067\u3042\u308d\u3046\u304c\u4f55\u3067\u3042\u308d\u3046\u304c\u682a\u4fa1\u304c\u4e0a\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\/72356\" data-type=\"post\" data-id=\"72356\">\u5229\u4e0b\u3052\u3092\u6c42\u3081\u308b\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u5f8c\u4efb\u306e\u65b0\u8b70\u9577\u306f5\u4eba\u306b\u7d5e\u3089\u308c\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3055\u3066\u3001\u73fe\u5728\u306e\u7c73\u56fd\u682a\u306e\u30d0\u30d6\u30eb\u306f\u3053\u308c\u304b\u3089\u3069\u3046\u306a\u308b\u306e\u304b\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>1929\u5e74\u30842000\u5e74\u306e\u30d0\u30d6\u30eb\u3092100%\u3060\u3068\u3059\u308b\u3068\u3001\u4eca\u306e\u30d0\u30d6\u30eb\u306e\u5ea6\u5408\u3044\u306f80%\u3060\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u3001\u30d0\u30d6\u30eb\u304c\u3053\u3053\u3067\u7d42\u308f\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u30d0\u30d6\u30eb\u304c\u7d42\u308f\u308b\u306b\u306f\u305d\u308c\u3092\u7834\u88c2\u3055\u305b\u308b\u3082\u306e\u304c\u5fc5\u8981\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f8b\u3048\u3070\u30014\u6708\u306e\u682a\u4fa1\u4e0b\u843d\u3067\u306f\u3001\u7c73\u56fd\u50b5\u3068\u30c9\u30eb\u306e\u4e0b\u843d\u306b\u3088\u3063\u3066\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304c\u7c73\u56fd\u50b5\u3092\u640d\u5207\u308a\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u305f\u3053\u3068\u306b\u3088\u308b\u7c73\u56fd\u50b5\u306e\u6025\u843d\u304c\u4e8b\u614b\u3092\u60aa\u5316\u3055\u305b\u305f\u3002<\/p>\n\n\n\n<p>\u30d0\u30d6\u30eb\u5d29\u58ca\u306f\u305d\u3046\u3057\u305f\u30c6\u30af\u30cb\u30ab\u30eb\u306a\u8981\u56e0\u304c\u539f\u56e0\u3067\u8d77\u3053\u308b\u3068\u30c0\u30ea\u30aa\u6c0f\u306f\u8a00\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u91d1\u878d\u7de9\u548c\u3092\u671b\u3080\u9650\u308a\u3001\u305d\u308c\u3092\u7834\u88c2\u3055\u305b\u308b\u539f\u56e0\u306f\u76f4\u8fd1\u3067\u306f\u898b\u5f53\u305f\u3089\u306a\u3044\u3068\u3044\u3046\u306e\u304c\u30c0\u30ea\u30aa\u6c0f\u306e\u898b\u65b9\u306a\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/67560\" data-type=\"post\" 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>\u540c\u3058\u3088\u3046\u306b\u3001\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u306a\u3069\u30822000\u5e74\u306e\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u5d29\u58ca\u524d\u591c\u306b\u4f3c\u3066\u3044\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u3002\u3060\u304c\u305d\u308c\u306f\u3001\u30d0\u30d6\u30eb\u304c\u4eca\u5d29\u58ca\u3059\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/71071\" data-type=\"post\" data-id=\"71071\">\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u306e\u682a\u4fa1\u4e88\u60f3\u3001\u7c73\u56fd\u682a\u306f\u3053\u3053\u304b\u3089\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u306e\u3088\u3046\u306b2\u500d\u4ee5\u4e0a\u306b\u66b4\u9a30\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30d0\u30d6\u30eb\u306f\u3044\u3064\u5d29\u58ca\u3059\u308b\u306e\u304b\u3002\u305d\u308c\u3092\u4e88\u60f3\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u3084\u4e16\u754c\u6050\u614c\u306e\u6642\u306b\u682a\u4fa1\u304c\u3069\u306e\u3088\u3046\u306b\u3057\u3066\u5d29\u58ca\u3057\u305f\u306e\u304b\u3092\u77e5\u3063\u3066\u304a\u304f\u5fc5\u8981\u304c\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>1929\u5e74\u304b\u3089\u306e\u4e16\u754c\u6050\u614c\u3067\u306e\u4e8b\u4f8b\u306b\u3064\u3044\u3066\u306f\u3001\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\u4ed6\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u3068\u3068\u3082\u306b\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u304f\u308c\u3066\u3044\u308b\u306e\u3067\u3001\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\/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 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