{"id":73426,"date":"2026-03-09T20:00:00","date_gmt":"2026-03-09T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=73426"},"modified":"2026-03-09T01:18:10","modified_gmt":"2026-03-08T16:18:10","slug":"%e3%82%bd%e3%83%ad%e3%82%b9%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89-%e3%82%a4%e3%83%a9%e3%83%b3%e3%81%a8%e3%81%ae%e6%88%a6%e4%ba%89%e3%81%ab%e3%82%88%e3%82%8b%e5%8e%9f%e6%b2%b9%e4%be%a1%e6%a0%bc%e4%b8%8a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/73426","title":{"rendered":"\u30bd\u30ed\u30b9\u30d5\u30a1\u30f3\u30c9: \u30a4\u30e9\u30f3\u3068\u306e\u6226\u4e89\u306b\u3088\u308b\u539f\u6cb9\u4fa1\u683c\u4e0a\u6607\u306f\u3053\u308c\u304b\u3089\u3082\u7d9a\u304f"},"content":{"rendered":"\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306eSoros Fund Management\u3092\u904b\u7528\u3057\u3066\u3044\u308b\u30c9\u30fc\u30f3\u30fb\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u5973\u53f2\u306e\u4e45\u3005\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u304cBloomberg\u304b\u3089\u51fa\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4eca\u56de\u306e\u8a18\u4e8b\u3067\u306f\u30a4\u30e9\u30f3\u60c5\u52e2\u3068\u539f\u6cb9\u76f8\u5834\u306b\u95a2\u3059\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a\u3052\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u30db\u30e1\u30a4\u30cb\u6c0f\u6bba\u5bb3<\/strong><\/p>\n\n\n\n<p>\u4eca\u3001\u5e02\u5834\u306e\u8a71\u984c\u306f\u3084\u306f\u308a\u30a4\u30e9\u30f3\u60c5\u52e2\u3067\u3042\u308b\u3002\u30cf\u30e1\u30cd\u30a4\u6c0f\u304c\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u3088\u3063\u3066\u6bba\u5bb3\u3055\u308c\u3001\u30a4\u30e9\u30f3\u306f\u3042\u3089\u3086\u308b\u65b9\u5411\u306b\u53cd\u6483\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u6c0f\u306f\u30a4\u30e9\u30f3\u60c5\u52e2\u306b\u5bfe\u3059\u308b\u91d1\u878d\u5e02\u5834\u306e\u53cd\u5fdc\u306b\u3064\u3044\u3066\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>\u4eca\u65e5\u306e\u5024\u52d5\u304d\u3092\u898b\u308c\u3070\u91d1\u878d\u5e02\u5834\u304c\u660e\u3089\u304b\u306b\u52d5\u63fa\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u682a\u4fa1\u6307\u6570\u3060\u3051\u3092\u898b\u3066\u3044\u308c\u3070\u305d\u308c\u307b\u3069\u52d5\u3044\u3066\u3044\u306a\u3044\u3088\u3046\u306b\u898b\u3048\u308b\u304c\u3001\u6c34\u9762\u4e0b\u3067\u306f\u500b\u5225\u9298\u67c4\u306e\u304b\u306a\u308a\u6fc0\u3057\u3044\u4e0a\u4e0b\u52d5\u304c\u884c\u308f\u308c\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4e00\u756a\u52d5\u3044\u3066\u3044\u308b\u306e\u306f\u3001\u5f53\u7136\u3060\u304c\u539f\u6cb9\u4fa1\u683c\u3067\u3042\u308b\u3002\u30a4\u30e9\u30f3\u304c\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u3092\u4e8b\u5b9f\u4e0a\u5c01\u9396\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u30a4\u30e9\u30f3\u306e\u307f\u306a\u3089\u305a\u30db\u30eb\u30e0\u30ba\u6d77\u5ce1\u3092\u901a\u904e\u3059\u308b\u307b\u307c\u3059\u3079\u3066\u306e\u8cbf\u6613\u304c\u505c\u6b62\u3057\u3066\u304a\u308a\u3001\u539f\u6cb9\u4fa1\u683c\u304c\u9ad8\u9a30\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\/2026\/03\/2026-3-9-wti-crude-oil-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"520\" height=\"481\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2026\/03\/2026-3-9-wti-crude-oil-chart.png\" alt=\"\" class=\"wp-image-73439\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2026\/03\/2026-3-9-wti-crude-oil-chart.png 520w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2026\/03\/2026-3-9-wti-crude-oil-chart-300x278.png 300w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/figure>\n\n\n\n<p>\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u6c0f\u306f\u3001\u305d\u308c\u306b\u95a2\u9023\u3057\u3066\u682a\u5f0f\u5e02\u5834\u3067\u306f\u3042\u3089\u3086\u308b\u9298\u67c4\u304c\u4e0a\u304c\u3063\u305f\u308a\u4e0b\u304c\u3063\u305f\u308a\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3002\u3053\u306e\u72b6\u6cc1\u304c\u5229\u76ca\u3068\u306a\u308b\u9298\u67c4\u3082\u3042\u308c\u3070\u3001\u5927\u304d\u306a\u640d\u5931\u3068\u306a\u308b\u9298\u67c4\u3082\u3042\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\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>\u5e02\u5834\u306f\u78ba\u5b9f\u306b\u3084\u3084\u4e0d\u5b89\u5b9a\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306f\u3001\u3053\u308c\u304c\u6570\u65e5\u306e\u8a71\u3067\u306f\u306a\u3055\u305d\u3046\u3067\u3001\u304b\u306a\u308a\u56f0\u96e3\u306a\u72b6\u6cc1\u306b\u306a\u308a\u305d\u3046\u3060\u3068\u3044\u3046\u3053\u3068\u306b\u6c17\u3065\u304d\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u91d1\u878d\u5e02\u5834\u306e\u53cd\u5fdc<\/strong><\/p>\n\n\n\n<p>\u5c11\u306a\u304f\u3068\u3082\u30a4\u30e9\u30f3\u3068\u3044\u3046\u56fd\u306e\u56fd\u5bb6\u5143\u9996\u3092\u6bba\u5bb3\u3057\u3066\u304a\u3044\u3066\u3001\u6570\u65e5\u306e\u6df7\u4e71\u3067\u6e08\u3080\u3068\u8003\u3048\u308b\u306e\u306f\u96e3\u3057\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u306f\u5148\u9031\u521d\u3081\u306e\u3082\u306e\u3060\u304c\u3001\u5f53\u6642\u307e\u3060\u305d\u308c\u307b\u3069\u306f\u4e0b\u304c\u3063\u3066\u3044\u306a\u304b\u3063\u305f\u7c73\u56fd\u682a\u3082\u3001\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u6c0f\u306e\u61f8\u5ff5\u901a\u308a\u305d\u306e\u5f8c\u4e0b\u843d\u3092\u7d9a\u3051\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\/2026\/03\/2026-3-9-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"520\" height=\"481\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2026\/03\/2026-3-9-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-73442\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2026\/03\/2026-3-9-s-and-p-500-chart.png 520w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2026\/03\/2026-3-9-s-and-p-500-chart-300x278.png 300w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/figure>\n\n\n\n<p>\u4f55\u6545\u7c73\u56fd\u682a\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u305d\u306e\u539f\u56e0\u306f\u3001\u6226\u4e89\u3068\u3044\u3046\u3088\u308a\u306f\u91d1\u5229\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\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>\u4e16\u754c\u4e2d\u306e\u5e02\u5834\u3067\u5229\u4e0b\u3052\u306e\u7e54\u308a\u8fbc\u307f\u304c\u6e1b\u9000\u3057\u59cb\u3081\u3066\u3044\u308b\u3002\u5148\u9031\uff08\u8a33\u6ce8\uff1a\u8a18\u4e8b\u57f7\u7b46\u6642\u304b\u3089\u898b\u3066\u5148\u3005\u9031\uff09\u306e\u91d1\u66dc\u65e5\u306b\u306f\u5229\u4e0b\u3052\u306f0.6%\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u305f\u304c\u3001\u4eca\u3067\u306f0.4%\u7a0b\u5ea6\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u5f53\u7136\u3060\u304c\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u306f0.15%\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u91d1\u878d\u5e02\u5834\u306f\u304b\u306a\u308a\u5287\u7684\u306b\u5f15\u304d\u7de0\u3081\u7684\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u306f\u591a\u304f\u306e\u610f\u5473\u3067\u61f8\u5ff5\u6750\u6599\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u539f\u6cb9\u4fa1\u683c\u304c\u9ad8\u9a30\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u304b\u3089\u30a2\u30e1\u30ea\u30ab\u3067\u3082\u5229\u4e0b\u3052\u304c\u51fa\u6765\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u539f\u6cb9\u4fa1\u683c\u306e\u72b6\u6cc1\u304c\u5229\u4e0b\u3052\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u304b\u3068\u805e\u304b\u308c\u3001\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\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>\u305d\u3046\u3060\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u3082\u3001\u3053\u306e\u4e00\u6642\u7684\u306a\u539f\u6cb9\u4fa1\u683c\u306e\u4e0a\u6607\u3092\u6ce8\u8996\u3057\u305f\u3044\u3068\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a4\u30e9\u30f3\u60c5\u52e2\u306f\u539f\u6cb9\u4fa1\u683c\u3092\u901a\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5e02\u5834\u306b\u3082\u5f71\u97ff\u3092\u4e0e\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u8457\u66f8\u300e<a href=\"https:\/\/amzn.to\/3IWcV1T\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a>\u300f\u306b\u304a\u3044\u3066\u3001\u73fe\u91d1\u7d66\u4ed8\u3067\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u304d\u308b\u4e16\u754c\u3067\u306f\u540c\u6642\u306b\u6226\u4e89\u3082\u8d77\u304d\u308b\u3068\u4e88\u8a00\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u73fe\u91d1\u7d66\u4ed8\u3068\u6226\u4e89\u306b\u95a2\u4fc2\u304c\u3042\u308b\u306e\u304b\u3068\u601d\u3046\u3068\u3053\u308d\u3060\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u306b\u3088\u308c\u3070\u3001\u305d\u308c\u306f\u4e21\u65b9\u3068\u3082\u8987\u6a29\u56fd\u5bb6\u306e\u529b\u304c\u5f31\u307e\u308b\u6642\u306b\u5fc5\u7136\u7684\u306b\u8d77\u304d\u308b\u73fe\u8c61\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u3053\u308c\u3092\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u52c3\u767a\u3088\u308a\u3082\u524d\u304b\u3089\u4e88\u8a00\u3057\u3066\u3044\u305f\u3002\u8a73\u3057\u304f\u306f\u30c0\u30ea\u30aa\u6c0f\u306e\u8457\u66f8\u3092\u8aad\u3093\u3067\u3082\u3089\u3044\u305f\u3044\u3002\u72b6\u6cc1\u306f\u307e\u3060\u7d9a\u3044\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/m.media-amazon.com\/images\/I\/81CZHKszf9L._SL160_.jpg\"><\/a><br><a href=\"https:\/\/amzn.to\/3xlpTUc\" target=\"_blank\" rel=\"noreferrer noopener\">\u4e16\u754c\u79e9\u5e8f\u306e\u5909\u5316\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306e\u539f\u5247<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306eSoros Fund Management\u3092\u904b\u7528\u3057\u3066\u3044\u308b\u30c9\u30fc\u30f3\u30fb\u30d5\u30a3\u30c3\u30c4\u30d1\u30c8\u30ea\u30c3\u30af\u5973\u53f2\u306e\u4e45\u3005\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u304cBloomberg\u304b\u3089\u51fa\u3055\u308c\u3066\u3044\u308b\u3002 \u4eca\u56de\u306e\u8a18\u4e8b\u3067\u306f\u30a4\u30e9\u30f3\u60c5\u52e2\u3068\u539f\u6cb9\u76f8\u5834\u306b\u95a2\u3059\u308b\u90e8\u5206\u3092\u53d6\u308a\u4e0a &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/73426\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30bd\u30ed\u30b9\u30d5\u30a1\u30f3\u30c9: \u30a4\u30e9\u30f3\u3068\u306e\u6226\u4e89\u306b\u3088\u308b\u539f\u6cb9\u4fa1\u683c\u4e0a\u6607\u306f\u3053\u308c\u304b\u3089\u3082\u7d9a\u304f<\/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":[187,57,109],"tags":[173],"class_list":["post-73426","post","type-post","status-publish","format-standard","hentry","category-energy-resources","category-commodity-markets","category-crude-oil","tag-dawn-fitzpatrick"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/73426","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=73426"}],"version-history":[{"count":24,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/73426\/revisions"}],"predecessor-version":[{"id":73453,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/73426\/revisions\/73453"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=73426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=73426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=73426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}