{"id":7432,"date":"2018-02-16T20:37:51","date_gmt":"2018-02-16T11:37:51","guid":{"rendered":"http:\/\/www.globalmacroresearch.org\/jp\/?p=7432"},"modified":"2018-02-16T21:44:02","modified_gmt":"2018-02-16T12:44:02","slug":"%e4%b8%96%e7%95%8c%e6%9c%80%e5%a4%a7%e3%81%ae%e3%83%98%e3%83%83%e3%82%b8%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89%e3%80%81%e6%ac%a7%e5%b7%9e%e6%a0%aa%e7%a9%ba%e5%a3%b2%e3%82%8a%e3%82%92%e5%85%88%e9%80%b1","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7432","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u6b27\u5dde\u682a\u7a7a\u58f2\u308a\u3092\u5148\u9031\u6bd460%\u5897\u984d"},"content":{"rendered":"<p>2\u67082\u65e5\u304b\u3089\u59cb\u307e\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u767a\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u3001\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u52d5\u5411\u304c\u8a71\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u5e02\u5834\u304c\u6025\u843d\u3057\u3066\u304b\u3089\u5f31\u6c17\u306b\u8ee2\u63db\u3057\u305f\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u304c\u5148\u9031\u5831\u3058\u3089\u308c\u305f\u6b27\u5dde\u682a\u7a7a\u58f2\u308a\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u66f4\u306b60%\u4ee5\u4e0a\u5897\u984d\u3057\u305f\u3002Bloomberg\uff08<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-02-15\/dalio-causes-stir-with-18-billion-surge-in-european-short-bets\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u306a\u3069\u304c\u4f1d\u3048\u3066\u3044\u308b\u3002<\/p>\n<p><!--more--><strong>\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u5f31\u6c17\u8ee2\u63db<\/strong><\/p>\n<p>Bridgewater\u5275\u696d\u8005\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u5e02\u5834\u4e0b\u843d\u304c\u59cb\u307e\u308b\u524d\u306b\u306f\u682a\u5f0f\u5e02\u5834\u306b\u975e\u5e38\u306b\u5f37\u6c17\u306a\u30b3\u30e1\u30f3\u30c8\u3092\u767a\u8868\u3057\u3066\u3044\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7260\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e2018\u5e74\u682a\u5f0f\u5e02\u5834\u4e0a\u6607\u4e88\u60f3\u300c\u73fe\u91d1\u4fdd\u6709\u306f\u99ac\u9e7f\u3092\u898b\u308b\u300d<\/a><\/li>\n<\/ul>\n<blockquote><p>\u3042\u3089\u3086\u308b\u5834\u6240\u306b\u73fe\u91d1\u304c\u7a4d\u307f\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u6295\u8cc7\u5bb6\u306e\u73fe\u91d1\u3060\u3051\u3067\u306f\u306a\u304f\u3001\u9280\u884c\u3084\u4f01\u696d\u3082\u5927\u91cf\u306e\u73fe\u91d1\u3092\u62b1\u3048\u3066\u3044\u308b\u3002\u3060\u304b\u3089\u5e02\u5834\u306f\u3053\u308c\u304b\u3089\u5927\u91cf\u306e\u73fe\u91d1\u306b\u6eba\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u305d\u308c\u306f\u5f37\u529b\u306a\u7de9\u548c\u3068\u306a\u308a\u3001\u5e02\u5834\u306f\u6050\u3089\u304f\u5439\u304d\u4e0a\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u8a00\u8449\u3092\u5909\u3048\u308c\u3070\u3001\u73fe\u91d1\u3092\u305d\u306e\u307e\u307e\u4fdd\u6709\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u306f\u99ac\u9e7f\u3092\u898b\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p><\/blockquote>\n<p>\u3057\u304b\u3057\u5e02\u5834\u6025\u843d\u304c\u59cb\u307e\u308b\u3068\u610f\u898b\u3092\u5909\u3048\u305f\u3088\u3046\u3067\u3042\u308a\u3001\u5148\u90318\u65e5\u306e\u6642\u70b9\u306b\u306f131\u5104\u30c9\u30eb\u306e\u6b27\u5dde\u682a\u7a7a\u58f2\u308a\u3092\u884c\u3063\u3066\u3044\u305f\u3053\u3068\u304c\u5831\u3058\u3089\u308c\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7383\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u682a\u9ad8\u4e88\u60f3\u3092\u64a4\u56de\u3001\u4e16\u754c\u540c\u6642\u682a\u5b89\u306f\u6570\u65e5\u3067\u306f\u7d42\u308f\u3089\u306a\u3044<\/a><\/li>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7364\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u682a\u9ad8\u4e88\u60f3\u767a\u8a00\u306e\u88cf\u3067\u6b27\u5dde\u682a\u7a7a\u58f2\u308a<\/a><\/li>\n<\/ul>\n<p>\u305d\u3057\u3066\u4eca\u56de\u306e\u5831\u9053\u306b\u3088\u308c\u3070\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u6b27\u5dde\u682a\u7a7a\u58f2\u308a\u3092\u66f4\u306b\u5897\u3084\u3057\u300115\u65e5\u6642\u70b9\u3067217\u5104\u30c9\u30eb\u3068\u3057\u305f\u3088\u3046\u3067\u3042\u308b\u3002Bloomberg\u306b\u3088\u308c\u3070\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u6b27\u5dde\u682a\u7a7a\u58f2\u308a\u306f1\u6708\u304b\u3089\u3067\u3001\u540c\u6642\u306b\u65e5\u672c\u682a\u306e\u7a7a\u58f2\u308a\u3082\u59cb\u3081\u305f\u3068\u3044\u3046\u3002\u4ee3\u308f\u308a\u306b1\u6708\u6642\u70b9\u3067\u306f\u7c73\u56fd\u682a\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u5927\u5e45\u306b\u5897\u3084\u3057\u3066\u3044\u305f\u3068\u3044\u3046\u304c\u3001\u305d\u308c\u306f\u30c0\u30ea\u30aa\u6c0f\u304c\u682a\u5f0f\u5e02\u5834\u306b\u5f37\u6c17\u3060\u3063\u305f\u9803\u306e\u3053\u3068\u3067\u3042\u308b\u3002\u6050\u3089\u304f\u3060\u304c\u3001\u4eca\u3067\u306f\u7c73\u56fd\u682a\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3082\u6e1b\u3089\u3057\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n<p>\u305d\u308c\u306b\u3057\u3066\u3082\u7a7a\u58f2\u308a\u306e\u5897\u984d\u306f\u7269\u51c4\u3044\u30b9\u30d4\u30fc\u30c9\u3067\u3042\u308b\u3002\u534a\u6708\u306e\u9593\u306b\u5f37\u6c17\u304b\u3089\u5f31\u6c17\u3078\u3068\u76f8\u5834\u89b3\u3092\u771f\u9006\u306b\u8ee2\u63db\u3057\u30012\u5146\u5186\u8fd1\u3044\u7a7a\u58f2\u308a\u30dd\u30b8\u30b7\u30e7\u30f3\u5897\u984d\u3092\u884c\u3063\u305f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u500b\u4eba\u6295\u8cc7\u5bb6\u3068\u9055\u3044\u3001\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u904b\u7528\u3059\u308b\u898f\u6a21\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u30dc\u30bf\u30f31\u3064\u3067\u5897\u984d\u51fa\u6765\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u30022\u5146\u5186\u3092\u4e00\u6c17\u306b\u58f2\u308c\u3070\u3001\u81ea\u5206\u306e\u58f2\u308a\u6ce8\u6587\u3060\u3051\u3067\u5e02\u5834\u304c\u66b4\u843d\u3057\u3066\u3057\u307e\u3046\u304b\u3089\u3067\u3042\u308b\u3002\u4f55\u65e5\u304b\u306b\u5206\u3051\u305f\u3068\u3057\u3066\u3082\u5927\u5909\u306a\u91cf\u3060\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u306a\u308a\u3075\u308a\u69cb\u308f\u305a\u6b27\u5dde\u682a\u3092\u58f2\u3063\u3066\u3044\u308b\u3002<\/p>\n<p><strong>\u4e16\u754c\u540c\u6642\u682a\u5b89\u306f\u4e00\u65e6\u53cd\u767a<\/strong><\/p>\n<p>\u3055\u3066\u3001Bridgewater\u306f\u5e02\u5834\u6025\u843d\u304c\u59cb\u307e\u3063\u3066\u304b\u3089\u682a\u3092\u5927\u91cf\u306b\u58f2\u308a\u59cb\u3081\u305f\u8a33\u3060\u304c\u3001\u305d\u306e\u5f8c\u682a\u5f0f\u5e02\u5834\u304c\u3069\u3046\u306a\u3063\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u4e00\u65e6\u53cd\u767a\u3057\u3066\u3044\u308b\u3002\u4ee5\u4e0b\u306f\u7c73\u56fd\u682a\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7434\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-s-and-p-500-chart.png\" alt=\"\" width=\"598\" height=\"365\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-s-and-p-500-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-s-and-p-500-chart-300x183.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u30c0\u30ea\u30aa\u6c0f\u304c\u7a7a\u58f2\u308a\u3092\u5927\u91cf\u306b\u5897\u3084\u3057\u305f\u3089\u5e02\u5834\u304c\u53cd\u767a\u3057\u305f\u3001\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308c\u3070\u5197\u8ac7\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u304c\u3001\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u7b46\u8005\u306e\u4e88\u60f3\u306f\u3001\u5c11\u306a\u304f\u3068\u3082\u682a\u4fa1\u6025\u843d\u306e\u539f\u56e0\u3068\u306a\u3063\u305f\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306f\u3053\u306e\u307e\u307e\u7d9a\u304f\u3068\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n<p><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-us-10-year-treasury-note-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7435\" src=\"http:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-us-10-year-treasury-note-yield-chart.png\" alt=\"\" width=\"598\" height=\"365\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-us-10-year-treasury-note-yield-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/02\/2018-2-16-us-10-year-treasury-note-yield-chart-300x183.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p><strong>\u5e74\u672b\u306e\u30c0\u30ea\u30aa\u6c0f\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa<\/strong><\/p>\n<p>\u56e0\u307f\u306b\u3001\u5e74\u672b\u6642\u70b9\u3067\u306eBridgewater\u306e\u7c73\u56fd\u500b\u5225\u682a\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u958b\u793a\u3055\u308c\u305f\u306e\u3067\u3001\u305d\u3061\u3089\u3082\u30ec\u30d3\u30e5\u30fc\u3057\u3066\u304a\u304d\u305f\u3044\u3002\u5e74\u672b\u3068\u8a00\u3048\u3070\u30011\u6708\u306b\u30c0\u30dc\u30b9\u3067\u30c0\u30ea\u30aa\u6c0f\u304c\u300c\u73fe\u91d1\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u3068\u99ac\u9e7f\u3092\u898b\u308b\u300d\u3068\u682a\u5f0f\u5e02\u5834\u306b\u5f37\u6c17\u767a\u8a00\u3057\u305f\u5c11\u3057\u524d\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u3053\u308c\u307e\u3067\u306b\u5831\u3058\u3066\u3044\u308b\u901a\u308a\u3001Bridgewater\u306e\u30e1\u30a4\u30f3\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u65b0\u8208\u56fd\u682aETF\u3060\u3063\u305f\u3002\u4ee5\u4e0b\u306f9\u6708\u672b\u6642\u70b9\u3067\u306e\u958b\u793a\u3092\u5831\u3058\u305f\u8a18\u4e8b\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7007\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u65b0\u8208\u56fd\u682a\u3084\u30b4\u30fc\u30eb\u30c9\u306a\u3069\u30c9\u30eb\u5b89\u9298\u67c4\u3092\u8cb7\u3044\u5897\u3057<\/a><\/li>\n<\/ul>\n<p>\u3067\u306f\u3001\u305d\u306e\u65b0\u8208\u56fd\u682aETF\u306f\u3069\u3046\u306a\u3063\u305f\u306e\u304b\uff1f\u3000\u682a\u9ad8\u4e88\u60f3\u3067\u5897\u3084\u3057\u305f\u306e\u304b\u3068\u601d\u3063\u305f\u304c\u3001\u5b9f\u969b\u306b\u306f\u3053\u308c\u3089\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u6e1b\u3063\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><strong>Vanguard:<\/strong>\u00a038\u5104\u30c9\u30eb -&gt; 31\u5104\u30c9\u30eb<\/li>\n<li><strong>iShares:<\/strong>\u00a029\u5104\u30c9\u30eb -&gt; 15\u5104\u30c9\u30eb<\/li>\n<\/ul>\n<p>\u305d\u3057\u3066\u305d\u306e\u4ed6\u7c73\u56fd\u500b\u5225\u682a\u306b\u3064\u3044\u3066\u3082\u5927\u3057\u3066\u5897\u984d\u3055\u308c\u3066\u3044\u306a\u3044\u3002<\/p>\n<p>\u958b\u793a\u306f\u500b\u5225\u682a\u3060\u3051\u306b\u95a2\u3059\u308b\u3082\u306e\u3067\u3001\u5148\u7269\u306a\u3069\u306b\u3064\u3044\u3066\u306f\u958b\u793a\u3055\u308c\u3066\u3044\u306a\u3044\u306e\u3067\u3001\u682a\u4fa1\u5148\u7269\u306a\u3069\u3067\u7c73\u56fd\u682a\u3092\u8cb7\u3044\u6301\u3061\u306b\u3057\u3066\u3044\u305f\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u4eca\u306f\u305d\u308c\u3089\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3082\u7cbe\u7b97\u3055\u308c\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3060\u308d\u3046\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u73fe\u6642\u70b9\u3067\u682a\u5f0f\u5e02\u5834\u306f\u53cd\u767a\u3057\u3066\u3044\u308b\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u5f31\u6c17\u8ee2\u63db\u306f\u5409\u3068\u51fa\u308b\u3060\u308d\u3046\u304b\uff1f\u3000\u305d\u3046\u8a00\u3048\u3070\u30c0\u30ea\u30aa\u6c0f\u306f\u904e\u53bb\u306b\u500b\u4eba\u6295\u8cc7\u5bb6\u3078\u306e\u30a2\u30c9\u30d0\u30a4\u30b9\u3068\u3057\u3066\u3053\u306e\u3088\u3046\u306a\u767a\u8a00\u3092\u3057\u3066\u3044\u305f\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/6093\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u52a9\u8a00\u3059\u308b<\/a><\/li>\n<\/ul>\n<blockquote><p>\u30cb\u30e5\u30fc\u30b9\u306b\u632f\u308a\u56de\u3055\u308c\u308b\u3060\u3051\u3067\u3082\u60aa\u3044\u304c\u3001\u6700\u60aa\u306a\u306e\u306f\u5e02\u5834\u306e\u53cd\u5fdc\u306b\u632f\u308a\u56de\u3055\u308c\u308b\u3053\u3068\u3060\u3002<\/p>\n<p>\u6700\u60aa\u306e\u8003\u3048\u65b9\u3068\u306f\u3001\u300c\u3053\u306e\u8cc7\u7523\u306f\u3053\u308c\u307e\u3067\u826f\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e0a\u3052\u3066\u3044\u308b\u304b\u3089\u3001\u3053\u306e\u8cc7\u7523\u306f\u3053\u308c\u304b\u3089\u3082\u826f\u3044\u6295\u8cc7\u306a\u306e\u3060\u300d\u3068\u8003\u3048\u308b\u3053\u3068\u3060\u3002\u4fa1\u683c\u304c\u3053\u308c\u307e\u3067\u4e0a\u304c\u3063\u305f\u3068\u3044\u3046\u306e\u306f\u591a\u5206\u3001\u3088\u308a\u5272\u9ad8\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u3002\u3042\u308b\u8cc7\u7523\u304c\u9014\u65b9\u3082\u306a\u304f\u5272\u9ad8\u306b\u306a\u308a\u3001\u305d\u308c\u3092\u7406\u7531\u306b\u3042\u306a\u305f\u304c\u3053\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u6295\u8cc7\u5bfe\u8c61\u3060\u3068\u8003\u3048\u308b\u3068\u3059\u308c\u3070\u3069\u3046\u3060\u308d\u3046\u3002<\/p>\n<p>\u9006\u306b\u5927\u304d\u304f\u4e0b\u304c\u3063\u305f\u8cc7\u7523\u304c\u3042\u3063\u305f\u3068\u3059\u308c\u3070\u3001\u305d\u306e\u8cc7\u7523\u306e\u30d0\u30ea\u30e5\u30fc\u304c\u4e0a\u304c\u3063\u305f\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<p>\u904e\u53bb\u306b\u53cd\u5fdc\u3057\u3001\u672a\u6765\u3092\u8003\u3048\u306a\u3044\u3053\u3068\u3001\u305d\u308c\u304c\u500b\u4eba\u6295\u8cc7\u5bb6\u306e\u6700\u5927\u306e\u554f\u984c\u3060\u3002<\/p><\/blockquote>\n<p>\u5c11\u3057\u7b11\u307f\u3092\u6d6e\u304b\u3079\u3066\u3057\u307e\u3046\u304c\u3001\u5e02\u5834\u304c\u6025\u843d\u3057\u305f\u3053\u3068\u3092\u7406\u7531\u306b\u5f31\u6c17\u8ee2\u63db\u3057\u305f\u30c0\u30ea\u30aa\u6c0f\u306e\u904b\u547d\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u3002\u697d\u3057\u307f\u306b\u304a\u624b\u4e26\u307f\u3092\u62dd\u898b\u3057\u3088\u3046\u3002\u7b46\u8005\u306f\u5e02\u5834\u306b\u632f\u308a\u56de\u3055\u308c\u305a\u3001\u6de1\u3005\u3068\u30b8\u30e3\u30f3\u30af\u50b5\u7a7a\u58f2\u308a\u3092\u7d99\u7d9a\u3059\u308b\u3002<\/p>\n<ul>\n<li><a href=\"http:\/\/www.globalmacroresearch.org\/jp\/archives\/7414\">\u4e16\u754c\u540c\u6642\u682a\u5b89: \u4eca\u5f8c\u306e\u5927\u304d\u306a\u8cc7\u91d1\u306e\u6d41\u308c\u3092\u89e3\u8aac\u3059\u308b<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>2\u67082\u65e5\u304b\u3089\u59cb\u307e\u3063\u305f\u30a2\u30e1\u30ea\u30ab\u767a\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u3001\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u52d5\u5411\u304c\u8a71\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u304c\u3001\u5e02\u5834\u304c\u6025\u843d\u3057\u3066\u304b\u3089\u5f31\u6c17\u306b\u8ee2\u63db\u3057\u305f\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u304c\u5148\u9031\u5831\u3058\u3089\u308c\u305f\u6b27\u5dde\u682a\u7a7a\u58f2\u308a\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u66f4\u306b &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7432\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u6b27\u5dde\u682a\u7a7a\u58f2\u308a\u3092\u5148\u9031\u6bd460%\u5897\u984d<\/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":[30,111],"tags":[102],"class_list":["post-7432","post","type-post","status-publish","format-standard","hentry","category-european-stock-market","category-stock-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7432","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=7432"}],"version-history":[{"count":5,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7432\/revisions"}],"predecessor-version":[{"id":7440,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7432\/revisions\/7440"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=7432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=7432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=7432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}