{"id":72768,"date":"2025-12-12T19:59:39","date_gmt":"2025-12-12T10:59:39","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=72768"},"modified":"2025-12-12T19:59:40","modified_gmt":"2025-12-12T10:59:40","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%ae%e8%b2%a1%e6%94%bf%e3%81%8c%e5%82%b5%e5%8b%99%e5%a2%97%e5%8a%a0%e3%81%a72030%e5%b9%b4","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/72768","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u304c\u50b5\u52d9\u5897\u52a0\u30672030\u5e74\u306b\u7834\u7dbb\u3059\u308b\u53ef\u80fd\u6027"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u554f\u984c\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u5e9c\u50b5\u52d9<\/strong><\/p>\n\n\n\n<p>\u8457\u540d\u306a\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u4eca\u5e74\u7686\u6c17\u306b\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u554f\u984c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30b3\u30ed\u30ca\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u306b\u3088\u308b\u91d1\u5229\u4e0a\u6607\u3067\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u304c\u5927\u5e45\u306b\u5897\u3048\u305f\u3053\u3068\u304b\u3089\u3001\u4eca\u3084\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u304c\u56fd\u50b5\u306e\u5229\u6255\u3044\u3068\u3044\u3046\u72b6\u614b\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u7c73\u56fd\u653f\u5e9c\u306b\u306f\u501f\u91d1\u3092\u8fd4\u3059\u304a\u91d1\u304c\u306a\u3044\u305f\u3081\u3001\u501f\u91d1\u306e\u5229\u6255\u3044\u306f\u65b0\u305f\u306a\u501f\u91d1\u3067\u884c\u308f\u308c\u308b\u3053\u3068\u3068\u306a\u308a\u3001\u30bc\u30ed\u91d1\u5229\u3060\u3063\u305f\u6642\u4ee3\u3068\u306f\u9055\u3063\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u5e9c\u50b5\u52d9\u306f\u3053\u308c\u304b\u3089\u6bce\u5e74\u3001\u6307\u6570\u95a2\u6570\u7684\u306b\u5897\u52a0\u3057\u3066\u3086\u304f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u91d1\u878d\u7de9\u548c\u3067\u91d1\u5229\u3092\u4e0b\u3052\u3066\u3001\u50b5\u52d9\u8ca0\u62c5\u3092\u5f37\u5236\u7684\u306b\u6e1b\u3089\u305d\u3046\u3068\u3057\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\/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><strong>\u666f\u6c17\u5f8c\u9000\u306e\u8ca1\u653f\u8d64\u5b57<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\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\/04\/2024-us-federal-deficit-to-gdp-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"513\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-us-federal-deficit-to-gdp-chart.png\" alt=\"\" class=\"wp-image-62676\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-us-federal-deficit-to-gdp-chart.png 600w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/04\/2024-us-federal-deficit-to-gdp-chart-300x257.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p>\u8d64\u5b57\u304c\u5927\u304d\u304f\u5897\u52a0\u3057\u3066\u3044\u308b\u671f\u9593\u304c\u4f55\u5ea6\u304b\u3042\u308b\u304c\u30012008\u5e74\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u30012020\u5e74\u306f\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3084\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\u306e\u4e8b\u4f8b\u3067\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306f\u5e73\u5747\u3067GDP\u306e8%\u5206\u3082\u5897\u52a0\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u666f\u6c17\u5f8c\u9000\u304c\u6765\u308c\u3070\u3001\u666f\u6c17\u3092\u523a\u6fc0\u3059\u308b\u305f\u3081\u306b\u8ca1\u653f\u8d64\u5b57\u304c\u5927\u5e45\u306b\u5897\u52a0\u3059\u308b\u306e\u304c\u666e\u901a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u306f\u30a2\u30e1\u30ea\u30ab\u306f\u666f\u6c17\u5f8c\u9000\u306b\u306a\u3063\u3066\u3044\u306a\u3044\u3002\u3060\u304b\u3089\u3001\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u5897\u52a0\u304c\u554f\u984c\u306b\u306a\u308a\u306a\u304c\u3089\u3082\u3001\u8ca1\u653f\u306f\u5371\u6a5f\u7684\u72b6\u6cc1\u306b\u306f\u306a\u3063\u3066\u3044\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u666f\u6c17\u5f8c\u9000\u304c\u6c38\u9060\u306b\u6765\u306a\u3044\u3053\u3068\u306f\u6709\u308a\u5f97\u306a\u3044\u300210\u5e74\u306b1\u56de\u307b\u3069\u8d77\u304d\u308b\u3068\u3044\u3046\u306e\u304c\u666e\u901a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u6b21\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u666f\u6c17\u5f8c\u9000<\/strong><\/p>\n\n\n\n<p>\u3067\u3042\u308c\u3070\u554f\u984c\u306f\u3001\u6b21\u306b\u666f\u6c17\u5f8c\u9000\u304c\u6765\u305f\u6642\u306b\u8ca1\u653f\u8d64\u5b57\u304c\u3069\u3046\u306a\u308a\u3001\u50b5\u52d9\u554f\u984c\u304c\u3069\u3046\u306a\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u3067\u306f\u6b21\u306e\u666f\u6c17\u5f8c\u9000\u3067\u3001\u8ca1\u653f\u8d64\u5b57\u304cGDP\u306e6%\u3068\u3044\u3046\u4eca\u306e\u6570\u5b57\u304b\u308910%\u300112%\u300114%\u3078\u3068\u4e0a\u304c\u3063\u305f\u3089\u3069\u3046\u306a\u308b\uff1f<\/p>\n\n\n\n<p>\u305d\u3046\u306a\u308c\u3070\u3001\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306e\u7a0e\u53ce\u306e\u3059\u3079\u3066\u306f\u56fd\u50b5\u306e\u5229\u6255\u3044\u306b\u884c\u3063\u3066\u3057\u307e\u3044\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u7834\u7dbb\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4e0a\u8ff0\u306e\u300c\u5e73\u57478%\u300d\u3068\u3044\u3046\u6570\u5b57\u3092\u8db3\u305b\u3070\u3001\u8ca1\u653f\u8d64\u5b57\u306f14%\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3067\u3055\u3048\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u8e8d\u8d77\u306b\u306a\u3063\u3066\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u3092\u5229\u4e0b\u3052\u3067\u6e1b\u3089\u305d\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u306b\u3001\u50b5\u52d9\u304c\u66f4\u306b\u5897\u3048\u308c\u3070\u3069\u3046\u306a\u308b\u306e\u304b\uff1f<\/p>\n\n\n\n<p>\u66f4\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u306f\u56fd\u50b5\u306e\u501f\u308a\u63db\u3048\u3068\u3044\u3046\u6642\u9650\u7206\u5f3e\u3082\u62b1\u3048\u3066\u3044\u308b\u3002\u30b3\u30ed\u30ca\u524d\u306b\u91d1\u5229\u304c\u4f4e\u304b\u3063\u305f\u6642\u306b\u501f\u308a\u305f\u7c73\u56fd\u50b5\u306b\u3064\u3044\u3066\u306f\u3001\u7c73\u56fd\u653f\u5e9c\u306f\u4eca\u3067\u3082\u4f4e\u3044\u91d1\u5229\u3092\u652f\u6255\u3063\u3066\u3044\u308b\u304c\u3001\u305d\u3046\u3057\u305f\u56fd\u50b5\u306b\u6e80\u671f\u304c\u6765\u3066\u501f\u308a\u63db\u3048\u306b\u306a\u308b\u3068\u3001\u4eca\u306e\u9ad8\u91d1\u5229\u3067\u501f\u308a\u63db\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f5\u5e74\u524d\u30017\u5e74\u524d\u300112\u5e74\u524d\u306e\u6c34\u6e96\u304b\u3089\u4e0a\u304c\u3063\u3066\u304a\u308a\u3001\u4eca\u5f8c\u6570\u5e74\u3067\u6e80\u671f\u304c\u6765\u308b\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u306e\u5e73\u5747\u306f3%\u5f31\u3067\u3042\u308b\u306e\u306b\u5bfe\u3057\u3001\u4eca\u306e\u653f\u7b56\u91d1\u5229\u304c3.78%\u3001\u56fd\u50b5\u306e\u91d1\u5229\u304c4%\u30844.5%\u3060\u304b\u3089\u3001\u5358\u306b\u56fd\u50b5\u306e\u6e80\u671f\u304c\u6765\u308b\u3060\u3051\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u501f\u91d1\u306e\u5229\u6255\u3044\u306f\u5897\u3048\u3066\u3086\u304f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u306e\u884c\u65b9<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u554f\u984c\u306f\u3053\u308c\u304b\u3089\u3069\u3046\u306a\u3063\u3066\u3086\u304f\u306e\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>\u7a0e\u5236\u3084\u8ca0\u50b5\u304c\u3053\u306e\u307e\u307e\u306a\u3089\u3070\u30012030\u5e74\u307e\u3067\u3001\u3064\u307e\u308a5\u5e74\u5f8c\u307e\u3067\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u7a0e\u53ce\u306e60%\u304c\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u3067\u6d88\u3048\u308b\u53ef\u80fd\u6027\u306f\u5341\u5206\u306b\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3082\u3063\u3068\u904e\u6fc0\u306b\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u304c9%\u307e\u3067\u4e0a\u6607\u3057\u3001\u8ca1\u653f\u8d64\u5b57\u304cGDP\u306e12%\u307e\u3067\u4e0a\u304c\u308b\u3068\u3044\u3046\u60b2\u89b3\u7684\u306a\u60f3\u5b9a\u3059\u308c\u3070\u30012030\u5e74\u9803\u306b\u306f\u8ca1\u653f\u8d64\u5b57\u306f\u7a0e\u53ce\u306e120%\u307e\u3067\u5897\u52a0\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3059\u3079\u3066\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u8ca1\u653f\u898f\u5f8b\u3068\u30a4\u30f3\u30d5\u30ec\u6b21\u7b2c\u3060\u3002\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306f\u91d1\u878d\u7de9\u548c\u3067\u91d1\u5229\u3092\u6291\u3048\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u304c\u3001\u305d\u306e\u7d50\u679c\u30a4\u30f3\u30d5\u30ec\u304c\u52a0\u901f\u3057\u3001\u6700\u7d42\u7684\u306b\u5229\u4e0a\u3052\u3092\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308c\u3070\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3046\u60b2\u89b3\u7684\u306a\u30b7\u30ca\u30ea\u30aa\u306b\u7a81\u5165\u3059\u308b\u53ef\u80fd\u6027\u3082\u30bc\u30ed\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\/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><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u8ca1\u653f\u554f\u984c\u306f\u3001\u9060\u3044\u672a\u6765\u306b\u306f\u554f\u984c\u306b\u306a\u308b\u3068\u6614\u306f\u8a00\u308f\u308c\u305f\u3082\u306e\u3060\u3002\u3060\u304c\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u4e0a\u6607\u306b\u3088\u3063\u3066\u3001\u5b9f\u969b\u306b\u56fd\u50b5\u306e\u5229\u6255\u3044\u306f\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u306b\u307e\u3067\u5897\u52a0\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u5171\u548c\u515a\u306e\u30d5\u30a3\u30eb\u30fb\u30b0\u30e9\u30e0\u6c0f\u304c\u8a00\u3063\u3066\u3044\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/71582\" data-type=\"post\" data-id=\"71582\">\u30b0\u30e9\u30e0\u6c0f: \u56fd\u5bb6\u306f\u501f\u91d1\u306e\u8fd4\u6e08\u3067\u306f\u306a\u304f\u501f\u91d1\u306e\u5229\u6255\u3044\u3067\u7834\u7dbb\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\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>60\u5e74\u5f8c\u306e\u554f\u984c\u3068\u8a00\u308f\u308c\u3066\u3044\u305f\u3082\u306e\u304c\u3001\u305d\u306e10\u5e74\u5f8c\u306b\u306f40\u5e74\u5f8c\u306e\u554f\u984c\u306b\u306a\u308a\u300110\u5e74\u5f8c\u306e\u554f\u984c\u306b\u306a\u308a\u3001\u4eca\u3067\u306f5\u5e74\u5f8c\u306e\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u308f\u3051\u3060\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u3001\u9577\u671f\u306e\u7c73\u56fd\u50b5\u306f\u5371\u3046\u3044\u3068\u3044\u3046\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7c73\u56fd\u50b5\u304c\u5927\u91cf\u306b\u767a\u884c\u3055\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u50b5\u5238\u5e02\u5834\u3067\u306f\u7c73\u56fd\u50b5\u306e\u4f9b\u7d66\u304c\u5927\u304d\u304f\u5897\u3048\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7c73\u56fd\u50b5\u306e\u767a\u884c\u304c\u3053\u308c\u304b\u3089\u6307\u6570\u95a2\u6570\u7684\u306b\u5897\u52a0\u3057\u3001\u304b\u3064\u305d\u308c\u3092\u8cb7\u3044\u305f\u3044\u3068\u3044\u3046\u9700\u8981\u304c\u540c\u3058\u3088\u3046\u306b\u5897\u52a0\u3057\u306a\u3044\u5834\u5408\u3001\u9700\u8981\u3068\u4f9b\u7d66\u306e\u89b3\u70b9\u304b\u3089\u8a00\u3063\u3066\u7c73\u56fd\u50b5\u306e\u4e0b\u843d\u306f\u907f\u3051\u3089\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/68656\" data-type=\"post\" data-id=\"68656\">\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<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u6700\u7d42\u7684\u306b\u306f\u305d\u308c\u306f\u7d19\u5e63\u5370\u5237\u306b\u3088\u3063\u3066\u4e2d\u592e\u9280\u884c\u304c\u8cb7\u3044\u53d6\u308b\u3057\u304b\u306a\u3044\u308f\u3051\u3060\u304c\u3001\u305d\u3046\u3059\u308b\u3068\u30c9\u30eb\u306e\u4fa1\u5024\u306f\u305d\u306e\u72a0\u7272\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u554f\u984c\u306b\u3088\u3063\u3066\u30c9\u30eb\u304c\u72a0\u7272\u306b\u306a\u308b\u30b7\u30ca\u30ea\u30aa\u306b\u3064\u3044\u3066\u306f\u3001Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\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\u8a73\u3057\u304f\u89e3\u8aac\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u3053\u306e\u30c0\u30ea\u30aa\u6c0f\u306e\u672c\u306b\u306f\u3001\u65e5\u672c\u306e\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u304c\u300c\u653f\u5e9c\u50b5\u52d9\u306e\u51e6\u7406\u306b\u5931\u6557\u3057\u305f\u5834\u5408\u306e\u4f8b\u300d\u3068\u3057\u3066\u7d39\u4ecb\u3055\u308c\u3066\u3044\u308b\u3002\u540d\u8a89\u306a\u3053\u3068\u3067\u3042\u308b\u3002\u65e5\u672c\u8a9e\u7248\u306f\u306a\u3044\u304c\u3001\u82f1\u8a9e\u304c\u8aad\u3081\u308b\u4eba\u306f\u662f\u975e\u8aad\u3093\u3067\u307f\u3066\u307b\u3057\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>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cBloomberg\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u50b5\u52d9\u554f\u984c\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":[118,108],"tags":[131],"class_list":["post-72768","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/72768","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=72768"}],"version-history":[{"count":60,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/72768\/revisions"}],"predecessor-version":[{"id":72828,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/72768\/revisions\/72828"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=72768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=72768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=72768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}