{"id":7303,"date":"2018-02-05T19:52:46","date_gmt":"2018-02-05T10:52:46","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=7303"},"modified":"2018-02-05T18:03:24","modified_gmt":"2018-02-05T09:03:24","slug":"%e3%82%ac%e3%83%b3%e3%83%88%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%b8%e3%83%a3%e3%83%b3%e3%82%af%e5%82%b5%e3%81%af%e6%ad%bb%e3%82%93%e3%81%a0%e3%80%81%e9%95%b7%e6%9c%9f%e9%87%91%e5%88%a9%e3%81%af","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7303","title":{"rendered":"\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u30b8\u30e3\u30f3\u30af\u50b5\u306f\u6b7b\u3093\u3060\u3001\u9577\u671f\u91d1\u5229\u306f3%\u3092\u8d85\u3048\u3066\u3082\u4e0a\u6607\u304c\u4e0d\u5341\u5206"},"content":{"rendered":"<p>\u8457\u540d\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304c\u50b5\u5238\u5e02\u5834\u4e00\u822c\u306b\u6b7b\u5211\u5ba3\u544a\u3092\u3057\u3066\u3044\u308b\u3002\u3064\u307e\u308a\u306f\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><!--more--><strong>\u9577\u671f\u91d1\u5229\u6025\u9a30\u3001\u5e02\u5834\u3078\u306e\u5f71\u97ff<\/strong><\/p>\n<p>\u3053\u3053\u6570\u9031\u9593\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u304c\u6025\u9a30\u3057\u3066\u304a\u308a\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u8a95\u751f\u4ee5\u6765\u307b\u3068\u3093\u3069\u8abf\u6574\u3059\u308b\u3053\u3068\u306a\u304f\u4e0a\u6607\u3057\u3066\u304d\u305f\u682a\u5f0f\u5e02\u5834\u3082\u3001\u305d\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3066\u6025\u843d\u3057\u3066\u3044\u308b\u3002\u682a\u5f0f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u3001\u3053\u306e\u9577\u671f\u91d1\u5229\u304c\u4eca\u5f8c\u3069\u3046\u306a\u308b\u306e\u304b\u304c\u554f\u984c\u3068\u306a\u308b\u3002\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u91d1\u5229\u306e\u6c34\u6e96\u306b\u3064\u3044\u3066\u3001Reuters\uff08<a href=\"https:\/\/www.reuters.com\/article\/us-funds-doubleline-gundlach\/doublelines-jeffrey-gundlach-hard-to-love-bonds-at-even-3-percent-yield-idUSKBN1FO0VJ\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u306b\u5bfe\u3057\u6b21\u306e\u3088\u3046\u306b\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u9ad8\u30ea\u30b9\u30af\u8cc7\u7523\u304c\u66b4\u843d\u3057\u3001\u6295\u8cc7\u5bb6\u304c\u6050\u6016\u304b\u3089\u5b89\u5168\u8cc7\u7523\u306b\u9003\u907f\u3059\u308b\u3088\u3046\u306a\u72b6\u6cc1\u306b\u3067\u3082\u306a\u3089\u306a\u3051\u308c\u3070\u3001\u3053\u306e\u72b6\u6cc1\u3067\u50b5\u5238\u306e\u8cb7\u3044\u304c\u9b45\u529b\u7684\u306b\u306a\u308b\u3053\u3068\u306f\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<p>GDPNow\uff08\u8a33\u6ce8\uff1a\u30a2\u30c8\u30e9\u30f3\u30bf\u9023\u9280\u306eGDP\u4e88\u6e2c\uff09\u304c2018\u5e741-3\u6708\u671f\u306e\u5e74\u63db\u7b97\u7d4c\u6e08\u6210\u9577\u3092\u540d\u76ee\uff08\u8a33\u6ce8\uff1a\u30a4\u30f3\u30d5\u30ec\u8fbc\u307f\uff097%\u4ee5\u4e0a\u3068\u898b\u7a4d\u3082\u3063\u3066\u3044\u308b\u72b6\u6cc1\u3067\u306f\u300110\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304c3%\u3042\u3063\u305f\u3068\u3057\u3066\u3082\u3001\u50b5\u5238\u306e\u8cb7\u3044\u3092\u9078\u597d\u3059\u308b\u3053\u3068\u306f\u96e3\u3057\u3044\u3002<\/p><\/blockquote>\n<p>\u9806\u756a\u306b\u89e3\u8aac\u3059\u308b\u304c\u3001\u5148\u305a\u5b89\u5168\u8cc7\u7523\u3078\u306e\u9003\u907f\u3067\u91d1\u5229\u5b89\u306b\u306a\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u3064\u307e\u308a2008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3092\u6307\u3057\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u30022008\u5e74\u306b\u306f\u5e02\u5834\u5d29\u58ca\u306b\u3088\u3063\u3066\u56fd\u50b5\u306b\u8cc7\u91d1\u304c\u96c6\u4e2d\u3057\u3001\u91d1\u76f8\u5834\u306f\u6025\u843d\u3057\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/4454\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u3067\u6025\u843d\u3057\u305f\u91d1\u4fa1\u683c\u3001\u4e0a\u6607\u3057\u305f\u7c73\u56fd\u50b5<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u305d\u3082\u305d\u3082\u91d1\u5229\u9ad8\u304c\u682a\u5b89\u306e\u539f\u56e0\u3068\u306a\u308b2018\u5e74\u306e\u72b6\u6cc1\u3068\u306f\u9055\u3046\u3002\u307e\u305f\u30012018\u5e74\u306f\u682a\u5f0f\u5e02\u5834\u304c\u5b8c\u5168\u306b\u30af\u30e9\u30c3\u30b7\u30e5\u3059\u308b\u3088\u3046\u306a\u72b6\u6cc1\u3067\u3082\u306a\u3044\u3002\u3064\u307e\u308a\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u306e\u91d1\u5229\u4f4e\u4e0b\u30b7\u30ca\u30ea\u30aa\u306f\u53ef\u80fd\u6027\u304c\u4f4e\u3044\u3068\u6307\u6458\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6636\">\u7c73\u56fd\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u7e2e\u5c0f\u3067\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306f\u5d29\u58ca\u3059\u308b\u306e\u304b\uff1f<\/a><\/li>\n<\/ul>\n<p>\u307e\u305f\u3001\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u3088\u3046\u306b\u6210\u9577\u7387\u304c\u9ad8\u3044\u3068\u50b5\u5238\u5b89\u3001\u91d1\u5229\u9ad8\u3068\u306a\u308b\u3002\u91d1\u5229\u306f\u57fa\u672c\u7684\u306b\u306f\u7d4c\u6e08\u6210\u9577\u7387\u3068\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u548c\uff08\u3064\u307e\u308a\u306f\u540d\u76ee\u7d4c\u6e08\u6210\u9577\u7387\uff09\u3068\u8fd1\u4f3c\u3059\u308b\u3068\u3055\u308c\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u56e0\u307f\u306b\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u8a00\u3046GDPNow\u306e\u5e74\u73877%\u3068\u3044\u3046\u306e\u306f\u3001\u5358\u306b\u524d\u671f\u304c\u5b63\u7bc0\u8abf\u6574\u306e\u8a08\u7b97\u306e\u554f\u984c\u306b\u3088\u3063\u3066\u4f4e\u304f\u51fa\u305f\u5206\u3092\u53d6\u308a\u623b\u305d\u3046\u3068\u3057\u3066\u3044\u308b\u3060\u3051\u3067\u3042\u308a\u3001\u3084\u3084\u8a87\u5f35\u3055\u308c\u3066\u3044\u308b\u3002\u3088\u308a\u9577\u671f\u7684\u306a\u50be\u5411\u306b\u3064\u3044\u3066\u306f\u308f\u305f\u3057\u306e\u8a18\u4e8b\u3092\u898b\u3066\u3082\u3089\u3063\u305f\u65b9\u304c\u5206\u304b\u308a\u3084\u3059\u3044\u3060\u308d\u3046\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7269\">\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u4f53\u7d4c\u6e08\u306f\u7d76\u597d\u8abf\u30012017\u5e7410-12\u6708\u671f\u7c73\u56fd\u5b9f\u8ceaGDP<\/a><\/li>\n<\/ul>\n<p>\u305f\u3060\u3001\u305d\u308c\u3067\u3082\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u3082\u3068\u3067\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u6210\u9577\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306f\u5909\u308f\u308a\u304c\u306a\u3044\u3002<\/p>\n<p><strong>\u9577\u671f\u91d1\u5229\u306f\u4f55\u51e6\u307e\u3067\u4e0a\u304c\u308b\u306e\u304b\uff1f<\/strong><\/p>\n<p>\u3055\u3066\u3001\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306e\u554f\u984c\u306f\u3001\u682a\u5f0f\u5e02\u5834\u3068\u70ba\u66ff\u5e02\u5834\u306e\u4e21\u65b9\u306b\u5f71\u97ff\u3059\u308b\u9577\u671f\u91d1\u5229\u304c\u4f55\u51e6\u307e\u3067\u4e0a\u304c\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u9577\u671f\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u73fe\u5728\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-us-10-year-treasury-note-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7304\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-us-10-year-treasury-note-yield-chart.png\" alt=\"\" width=\"598\" height=\"397\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-us-10-year-treasury-note-yield-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-us-10-year-treasury-note-yield-chart-300x199.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u304b\u306a\u308a\u306e\u901f\u5ea6\u3067\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070\u4e0a\u304c\u308b\u307b\u3069\u3001\u6295\u8cc7\u5bb6\u306f\u682a\u5f0f\u3067\u306f\u306a\u304f\u56fd\u50b5\u306b\u6295\u8cc7\u3057\u3066\u3082\u5229\u76ca\u304c\u51fa\u308b\u8a08\u7b97\u3068\u306a\u308a\u3001\u682a\u5f0f\u304b\u3089\u50b5\u5238\u5e02\u5834\u3078\u8cc7\u91d1\u304c\u6d41\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306b\u3088\u308c\u3070\u3001\u56fd\u50b5\u306e\u4e0b\u843d\u306b\u3088\u3063\u3066\u91d1\u5229\u304c3%\u3092\u8d85\u3048\u305f\u3068\u3057\u3066\u3082\u56fd\u50b5\u306f\u8cb7\u3044\u305f\u304f\u306a\u3044\u3068\u8a00\u3046\u3002\u3064\u307e\u308a\u30013%\u3092\u8d85\u3048\u3066\u3082\u91d1\u5229\u4e0a\u6607\u304c\u6b62\u307e\u308b\u3053\u3068\u3092\u4e88\u60f3\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3060\u308d\u3046\u3002\u3053\u308c\u306f\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u306f\u5f53\u7136\u30cd\u30ac\u30c6\u30a3\u30d6\u3068\u306a\u308b\u3002<\/p>\n<p>\u3053\u308c\u304c\u4e2d\u592e\u9280\u884c\u304c\u5e02\u5834\u304b\u3089\u8cc7\u91d1\u3092\u5f15\u304d\u4e0a\u3052\u308b\u3053\u3068\u3001\u3064\u307e\u308a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u610f\u5473\u3067\u3042\u308b\u3002\u3053\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u53bb\u5e74\u306e\u5f8c\u534a\u304b\u3089\u8a71\u3057\u7d9a\u3051\u3066\u3044\u308b\u304c\u3001\u307e\u3068\u3082\u306b\u53d7\u3051\u53d6\u3089\u306a\u304b\u3063\u305f\u6295\u8cc7\u5bb6\u304c\u5e02\u5834\u306b\u306f\u591a\u304b\u3063\u305f\u306e\u3060\u308d\u3046\u3002\u3060\u304b\u3089\u91d1\u5229\u4e0a\u6607\u306b\u3053\u308c\u3060\u3051\u6642\u9593\u304c\u304b\u304b\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u56e0\u307f\u306b\u7c73\u56fd\u682a\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7305\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-s-and-p-500-chart.png\" alt=\"\" width=\"598\" height=\"397\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-s-and-p-500-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-s-and-p-500-chart-300x199.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u7b46\u8005\u306f\u66b4\u843d\u3068\u3044\u3046\u307b\u3069\u306e\u4e0b\u3052\u306b\u306f\u306a\u3089\u306a\u3044\u3068\u898b\u3066\u3044\u308b\u304c\u3001\u500b\u4eba\u7684\u306b\u306f\u4e00\u90e8\u306e\u500b\u5225\u682a\u3092\u9664\u304d\u7c73\u56fd\u682a\u306b\u306f\u307b\u3068\u3093\u3069\u89e6\u308c\u3066\u3044\u306a\u3044\u306e\u3067\u3001\u305d\u308c\u304c\u7b46\u8005\u306e\u5224\u65ad\u3067\u3042\u308b\u3068\u53d7\u3051\u53d6\u3063\u3066\u6b32\u3057\u3044\u3002\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u5c11\u306a\u304f\u3068\u3082\u5e74\u59cb\u304b\u3089\u306e\u4e0a\u3052\u5e45\u3092\u3059\u3079\u3066\u5410\u304d\u51fa\u3059\u3068\u898b\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7193\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: 2018\u5e74\u3001\u7c73\u56fd\u682a\u306f\u4e00\u5ea6\u4e0a\u6607\u3057\u3066\u304b\u3089\u5927\u5e45\u306b\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n<p>\u3067\u306f\u3001\u3053\u306e\u72b6\u6cc1\u3067\u5229\u76ca\u3092\u751f\u307f\u51fa\u3059\u30c8\u30ec\u30fc\u30c9\u306f\u4f55\u304b\uff1f\u3000\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u6628\u5e74\u304b\u3089\u540c\u3058\u3053\u3068\u3092\u8a00\u3044\u7d9a\u3051\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306f\u6628\u5e7411\u6708\u306e\u8a18\u4e8b\u3060\u304c\u3001\u3053\u3046\u3057\u305f\u5c40\u9762\u3067\u8003\u3048\u3089\u308c\u308b\u30c8\u30ec\u30fc\u30c9\u3092\u3059\u3079\u3066\u6319\u3052\u305f\u4e0a\u3067\u3001\u30b8\u30e3\u30f3\u30af\u50b5\u306e\u7a7a\u58f2\u308a\u304c\u4e00\u756a\u6709\u671b\u3060\u3068\u306f\u3063\u304d\u308a\u66f8\u3044\u3066\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<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>\u56e0\u307f\u306b\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u30b8\u30e3\u30f3\u30af\u50b5\u306b\u3064\u3044\u3066Twitter\uff08<a href=\"https:\/\/twitter.com\/truthgundlach\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3067\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u30b3\u30e1\u30f3\u30c8\u3057\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u30b8\u30e3\u30f3\u30af\u50b5\u306e\u30c1\u30e3\u30fc\u30c8\u304c\u6b7b\u3093\u3060\u3088\u3046\u3060\u3002\u3053\u3053\u304b\u3089\u306f\u3082\u3046\u52dd\u3064\u9053\u306f\u306a\u3044\u3002<\/p><\/blockquote>\n<p>\u30b8\u30e3\u30f3\u30af\u50b5ETF\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u73fe\u5728\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7306\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png\" alt=\"\" width=\"598\" height=\"397\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-5-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart-300x199.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u6bce\u5ea6\u306e\u3053\u3068\u3060\u304c\u3001\u76f8\u5834\u304c\u3069\u3046\u306a\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u306b\u3064\u3044\u3066\u306f\u3053\u3053\u3067\u4e8b\u524d\u306b\u66f8\u3044\u3066\u3042\u308b\u306e\u3067\u3001\u662f\u975e\u3057\u3063\u304b\u308a\u8aad\u307f\u8fbc\u3093\u3067\u307b\u3057\u3044\u3082\u306e\u3067\u3042\u308b\u3002\u5132\u304b\u308b\u3082\u306e\u3067\u306f\u306a\u304f\u591a\u304f\u306e\u4eba\u304c\u53d6\u5f15\u3057\u3066\u3044\u308b\u3082\u306e\u3092\u30c8\u30ec\u30fc\u30c9\u3057\u305f\u304c\u308b\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u682a\u4fa1\u3084\u30c9\u30eb\u5186\u306a\u3069\u3092\u306f\u3063\u304d\u308a\u4e88\u60f3\u3057\u305f\u65b9\u304c\u53d7\u3051\u306f\u826f\u3044\u306e\u3060\u308d\u3046\u304c\u3001\u76f8\u5834\u306b\u306f\u5404\u72b6\u6cc1\u306b\u53d6\u5f15\u306b\u3082\u3063\u3068\u3082\u3075\u3055\u308f\u3057\u3044\u9298\u67c4\u3068\u3044\u3046\u3082\u306e\u304c\u3042\u308b\u30022016\u5e74\u306f\u91d1\u76f8\u5834\u3067\u3042\u308a\u30012018\u5e74\u306f\u30b8\u30e3\u30f3\u30af\u50b5\u3068\u3044\u3046\u3053\u3068\u3067\u3042\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>2017\u5e74\u306f\u539f\u6cb9\u306e\u30ec\u30f3\u30b8\u4e88\u60f3\u306a\u3069\u5730\u5473\u306a\u53d6\u5f15\u304c\u591a\u304b\u3063\u305f\u304c\u3001\u4eca\u56de\u306f\u7dba\u9e97\u306b\u6c7a\u307e\u3063\u305f\u306e\u3067\u306f\u306a\u3044\u304b\u3002\u91d1\u5229\u306e\u4e0a\u6607\u3092\u5f85\u3063\u3066\u3044\u305f\u3068\u3044\u3046\u306e\u3082\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6835\">\u30c9\u30eb\u5186\u304c\u30dd\u30b8\u30b7\u30e7\u30f3\u958b\u59cb\u6642\u306e\u6c34\u6e96\u307e\u3067\u56de\u5fa9\u3001\u539f\u6cb9\u3082\u5229\u76ca\u78ba\u5b9a\u3078 (2017\/9\/15)<\/a><\/li>\n<\/ul>\n<p>\u307e\u305f\u3001\u682a\u5f0f\u5e02\u5834\u306e\u4e0b\u843d\u304c\u4eca\u5f8c\u3069\u3046\u306a\u308b\u304b\u306b\u3064\u3044\u3066\u6c17\u306b\u306a\u308b\u8aad\u8005\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3092\u53c2\u7167\u3057\u3066\u307b\u3057\u3044\u3002\u7279\u306b\u7c73\u56fd\u682a\u3092\u89e6\u308d\u3046\u3068\u601d\u3048\u308b\u6642\u671f\u3067\u306f\u306a\u3044\u3053\u3068\u304c\u7d0d\u5f97\u3057\u3066\u3082\u3089\u3048\u308b\u3060\u308d\u3046\u3002\u4eca\u5f8c\u3082\u91d1\u878d\u5e02\u5834\u306e\u52d5\u5411\u306b\u3064\u3044\u3066\u8a18\u4e8b\u3092\u4e0a\u3052\u3066\u3086\u304f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6636\">\u7c73\u56fd\u30de\u30cd\u30bf\u30ea\u30fc\u30d9\u30fc\u30b9\u7e2e\u5c0f\u3067\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306f\u5d29\u58ca\u3059\u308b\u306e\u304b\uff1f<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u8457\u540d\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304c\u50b5\u5238\u5e02\u5834\u4e00\u822c\u306b\u6b7b\u5211\u5ba3\u544a\u3092\u3057\u3066\u3044\u308b\u3002\u3064\u307e\u308a\u306f\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\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-7303","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\/7303","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=7303"}],"version-history":[{"count":12,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7303\/revisions"}],"predecessor-version":[{"id":7318,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7303\/revisions\/7318"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=7303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=7303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=7303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}