{"id":73399,"date":"2026-03-08T20:00:00","date_gmt":"2026-03-08T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=73399"},"modified":"2026-03-07T23:50:42","modified_gmt":"2026-03-07T14:50:42","slug":"%e3%83%89%e3%83%a9%e3%83%83%e3%82%b1%e3%83%b3%e3%83%9f%e3%83%a9%e3%83%bc%e6%b0%8f-%e9%80%86%e5%bc%b5%e3%82%8a%e6%8a%95%e8%b3%87%e3%81%af%e9%81%8e%e5%a4%a7%e8%a9%95%e4%be%a1%e3%81%95%e3%82%8c%e3%81%a6","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/73399","title":{"rendered":"\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u9006\u5f35\u308a\u6295\u8cc7\u306f\u904e\u5927\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u7528\u3057\u3066\u3044\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u3001Morgan Stanley\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306f\u3001\u5e02\u5834\u306e\u5411\u304d\u306b\u9006\u3089\u3046\u9006\u5f35\u308a\u6295\u8cc7\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u90e8\u5206\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u9006\u5f35\u308a\u30c8\u30ec\u30fc\u30c9<\/strong><\/p>\n\n\n\n<p>\u30bd\u30ed\u30b9\u6c0f\u3084\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3068\u8a00\u3048\u3070\u3001\u5e02\u5834\u306e\u4e88\u60f3\u3068\u306f\u53cd\u5bfe\u306e\u3053\u3068\u306b\u5927\u304d\u304f\u8ced\u3051\u3001\u83ab\u5927\u306a\u5229\u76ca\u3092\u4e0a\u3052\u308b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3060\u3068\u3044\u3046\u4e00\u822c\u7684\u306a\u5370\u8c61\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u5e02\u5834\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u6642\u306b\u4e0a\u6607\u306b\u8ced\u3051\u3066\u8cb7\u3044\u3092\u5165\u308c\u3001\u5e02\u5834\u304c\u71b1\u72c2\u3057\u3066\u3044\u308b\u9ad8\u5024\u3092\u7a7a\u58f2\u308a\u3059\u308b\u3068\u3044\u3046\u30c8\u30ec\u30fc\u30c9\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u3001\u30bd\u30ed\u30b9\u6c0f\u3068\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u30011992\u5e74\u306e\u30dd\u30f3\u30c9\u5371\u6a5f\u306b\u304a\u3044\u3066\u30a4\u30f3\u30b0\u30e9\u30f3\u30c9\u9280\u884c\u304c\u30dd\u30f3\u30c9\u306e\u4fa1\u5024\u3092\u7dad\u6301\u3057\u3088\u3046\u3068\u3059\u308b\u4e2d\u3001\u305d\u306e\u53cd\u5bfe\u306e\u65b9\u3078\u8ced\u3051\u3066\u591a\u984d\u306e\u5229\u76ca\u3092\u5f97\u305f\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u6709\u540d\u306a\u30c8\u30ec\u30fc\u30c9\u306b\u306f\u73fe\u5728\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u52d9\u9577\u5b98\u3067\u3042\u308b\u30b9\u30b3\u30c3\u30c8\u30fb\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u3082\u304b\u3093\u3067\u304a\u308a\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u5f53\u6642\u306e\u3053\u3068\u3092\u8aac\u660e\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\/62118\" data-type=\"post\" data-id=\"62118\">\u8ca1\u52d9\u9577\u5b98\u30d9\u30c3\u30bb\u30f3\u30c8\u6c0f\u3001\u30bd\u30ed\u30b9\u30d5\u30a1\u30f3\u30c9\u304c\u30dd\u30f3\u30c9\u5371\u6a5f\u3067\u30dd\u30f3\u30c9\u7a7a\u58f2\u308a\u3057\u305f\u6642\u306e\u3053\u3068\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u9006\u5f35\u308a\u6295\u8cc7\u306f\u904e\u5927\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u81ea\u8eab\u306f\u9006\u5f35\u308a\u6295\u8cc7\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>\u9006\u5f35\u308a\u6295\u8cc7\u306f\u904e\u5927\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u3068\u601d\u3046\u3002\u30bd\u30ed\u30b9\u3082\u3001\u591a\u6570\u6d3e\u306e\u8003\u3048\u306f80%\u306f\u6b63\u3057\u3044\u3068\u3088\u304f\u8a00\u3063\u3066\u3044\u305f\u3002\u6b8b\u308a\u306e20%\u306b\u6355\u307e\u3063\u3066\u306f\u3044\u3051\u306a\u3044\u3060\u3051\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3068\u3044\u3048\u3069\u3082\u3001\u30c8\u30ec\u30f3\u30c9\u306b\u4e57\u3063\u3066\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u3053\u3068\u306f\u3044\u304f\u3089\u3067\u3082\u3042\u308b\u3002\u4f8b\u3048\u3070\u30012\u5e74\u524d\u306bNVIDIA\u3092\u8cb7\u3063\u3066\u3044\u305f\u306e\u306f\u3001\u30c8\u30ec\u30f3\u30c9\u3088\u308a\u3082\u65e9\u304b\u3063\u305f\u304c\u3001\u305d\u308c\u304c\u30c8\u30ec\u30f3\u30c9\u306b\u306a\u3063\u3066\u304b\u3089\u3082\u305d\u306e\u307e\u307e\u305d\u308c\u306b\u4e57\u3063\u3066\u3044\u305f\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\/55433\" data-type=\"post\" data-id=\"55433\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001AI\u9298\u67c4\u306eNVIDIA\u3092\u682a\u4fa16\u500d\u3067\u58f2\u3063\u305f\u3053\u3068\u3092\u5f8c\u6094\u3059\u308b (2024\/10\/22)<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3001\u30c8\u30ec\u30f3\u30c9\u306f\u3044\u3064\u304b\u8ee2\u63db\u3059\u308b\u77ac\u9593\u304c\u6765\u308b\u3002\u305d\u306e\u77ac\u9593\u306b\u3001\u5358\u306a\u308b\u9806\u5f35\u308a\u306e\u4eba\u306f\u305d\u306e\u307e\u307e\u4e57\u308a\u7d9a\u3051\u3066\u843d\u3061\u3066\u3086\u304f\u304c\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3084\u30bd\u30ed\u30b9\u6c0f\u306f\u7a7a\u58f2\u308a\u3067\u53c2\u52a0\u3059\u308b\u3068\u3044\u3046\u3060\u3051\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9006\u5f35\u308a\u6295\u8cc7\u306e\u697d\u3057\u307f<\/strong><\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u5229\u76ca\u306e\u591a\u304f\u306f\u3001\u666e\u901a\u306e\u6295\u8cc7\u5bb6\u3068\u540c\u3058\u3088\u3046\u306b\u9806\u5f35\u308a\u6295\u8cc7\u304b\u3089\u6765\u3066\u3044\u308b\u304c\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u9006\u5f35\u308a\u6295\u8cc7\u306b\u7279\u5225\u306a\u611f\u60c5\u3092\u62b1\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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>\u308f\u305f\u3057\u306f\u3001\u591a\u6570\u6d3e\u304c\u6b63\u3057\u304f\u306a\u3044\u6b8b\u308a\u306e20%\u3092\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u3053\u3068\u306b\u77e5\u7684\u306a\u697d\u3057\u307f\u3092\u611f\u3058\u3066\u3044\u308b\u3002\u3060\u304c\u3001\u4e00\u822c\u8ad6\u3068\u3057\u3066\u9006\u5f35\u308a\u6295\u8cc7\u306f\u904e\u5927\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\u3068\u601d\u3046\u3002<\/p>\n\n\n\n<p>\u81ea\u5206\u304c\u4f55\u304b\u3092\u78ba\u4fe1\u3057\u3066\u3044\u3066\u3001\u4ed6\u306e\u8ab0\u3082\u305d\u308c\u3092\u4fe1\u3058\u3066\u3044\u306a\u3044\u3068\u304d\u3001\u308f\u305f\u3057\u306f\u697d\u3057\u307f\u3092\u611f\u3058\u308b\u3002\u305d\u3046\u3044\u3046\u6642\u306b\u308f\u305f\u3057\u306e\u78ba\u4fe1\u306f\u4e00\u5c64\u5f37\u304f\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5358\u7d14\u306b\u3001\u9006\u5f35\u308a\u6295\u8cc7\u306f\u697d\u3057\u3044\u306e\u3067\u3042\u308b\u3002\u66b4\u843d\u3057\u3066\u3044\u308b\u682a\u3092\u8cb7\u3044\u3001\u66b4\u9a30\u3057\u3066\u3044\u308b\u682a\u3092\u7a7a\u58f2\u308a\u3059\u308b\u306e\u3060\u304b\u3089\u3001\u9806\u5f35\u308a\u6295\u8cc7\u3088\u308a\u3082\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u30b7\u30d3\u30a2\u3067\u3042\u308a\u3001\u96e3\u3057\u3044\u3002\u3060\u304c\u305d\u306e\u30c8\u30ec\u30fc\u30c9\u3092\u5b8c\u74a7\u306b\u3053\u306a\u3057\u305f\u6642\u306e\u5145\u5b9f\u611f\u306f\u3001\u305d\u308c\u3092\u5b9f\u969b\u306b\u3084\u3063\u305f\u3053\u3068\u306e\u3042\u308b\u6295\u8cc7\u5bb6\u306b\u3057\u304b\u5206\u304b\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3060\u304c\u3001\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u7a76\u6975\u7684\u306b\u306f\u9806\u5f35\u308a\u304b\u9006\u5f35\u308a\u304b\u306f\u3069\u3046\u3067\u3082\u826f\u3044\u3068\u8a00\u3046\u3002\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\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>\u3060\u304c\u3001\u6295\u8cc7\u306e\u30a2\u30a4\u30c7\u30a2\u81ea\u4f53\u304c\u6b63\u3057\u3051\u308c\u3070\u3001\u591a\u6570\u6d3e\u304c\u305d\u308c\u3092\u3069\u3046\u8003\u3048\u3066\u3044\u308b\u304b\u306f\u554f\u984c\u306b\u306a\u3089\u306a\u3044\u3002\u591a\u6570\u6d3e\u304c\u53cd\u5bfe\u306e\u3053\u3068\u3092\u8003\u3048\u3066\u3044\u305f\u65b9\u304c\u5b89\u3044\u4fa1\u683c\u3067\u8cb7\u3044\u3084\u3059\u3044\u304c\u3001\u672c\u8cea\u7684\u306b\u306f\u6295\u8cc7\u305d\u306e\u3082\u306e\u306b\u3068\u3063\u3066\u306f\u3069\u3046\u3067\u3082\u826f\u3044\u3053\u3068\u3060\u3002\u4e00\u5207\u6c17\u306b\u306a\u3089\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7d50\u5c40\u3001\u30a2\u30a4\u30c7\u30a2\u304c\u6b63\u3057\u3044\u304b\u3069\u3046\u304b\u304c\u554f\u984c\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3084\u30bd\u30ed\u30b9\u6c0f\u3089\u304c\u30a4\u30f3\u30b0\u30e9\u30f3\u30c9\u9280\u884c\u3092\u6253\u3061\u8ca0\u304b\u3057\u305f\u30dd\u30f3\u30c9\u5371\u6a5f\u306b\u3064\u3044\u3066\u306f\u3001\u30bd\u30ed\u30b9\u6c0f\u304c\u81ea\u4f1d\u300e<a href=\"https:\/\/amzn.to\/3QQNdzW\" data-type=\"link\" data-id=\"https:\/\/amzn.to\/3QQNdzW\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9<\/a>\u300f\u306b\u304a\u3044\u3066\u30bd\u30ed\u30b9\u6c0f\u306e\u8996\u70b9\u304b\u3089\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u8208\u5473\u306e\u3042\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\/3QQNdzW\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/71xmWlpnvvL._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/3QQNdzW\" target=\"_blank\" rel=\"noreferrer noopener\">\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u904b\u7528\u3057\u3066\u3044\u305f\u3053\u3068\u3067\u6709\u540d\u306a\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u3001Morgan Stanley\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002 \u4eca\u56de\u306f\u3001\u5e02\u5834\u306e\u5411\u304d\u306b\u9006\u3089\u3046\u9006\u5f35\u308a\u6295\u8cc7\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/73399\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u9006\u5f35\u308a\u6295\u8cc7\u306f\u904e\u5927\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[130],"class_list":["post-73399","post","type-post","status-publish","format-standard","hentry","category-trading-strategies","tag-stanley-druckenmiller"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/73399","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=73399"}],"version-history":[{"count":26,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/73399\/revisions"}],"predecessor-version":[{"id":73425,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/73399\/revisions\/73425"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=73399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=73399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=73399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}