{"id":7601,"date":"2018-04-08T19:52:13","date_gmt":"2018-04-08T10:52:13","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=7601"},"modified":"2018-04-08T14:52:41","modified_gmt":"2018-04-08T05:52:41","slug":"%e3%82%ac%e3%83%b3%e3%83%88%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e6%a0%aa%e5%bc%8f%e5%b8%82%e5%a0%b4%e3%81%af%e9%ab%98%e9%87%91%e5%88%a9%e3%81%ab%e8%80%90%e3%81%88%e3%82%89%e3%82%8c%e3%81%aa%e3%81%84","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7601","title":{"rendered":"\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u682a\u5f0f\u5e02\u5834\u306f\u9ad8\u91d1\u5229\u306b\u8010\u3048\u3089\u308c\u306a\u3044"},"content":{"rendered":"<p>2018\u5e742\u6708\u304b\u3089\u59cb\u307e\u3063\u305f\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u7684\u78ba\u306b\u4e88\u60f3\u3057\u305f\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08<a href=\"https:\/\/www.cnbc.com\/2018\/04\/05\/cnbc-exclusive-cnbc-transcript-doubleline-capital-ceo-jeffrey-gundlach-speaks-with-cnbcs-scott-wapner-today.html\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3067\u5f31\u6c17\u4e88\u60f3\u3092\u7e70\u308a\u8fd4\u3057\u3066\u3044\u308b\u3002<\/p>\n<p><!--more--><strong>\u4e88\u60f3\u306e\u51b4\u3048\u6e21\u308b\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f<\/strong><\/p>\n<p>\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u5e74\u59cb\u3088\u308a\u30012018\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306f\u4e00\u5ea6\u4e0a\u6607\u3057\u3066\u304b\u3089\u4e0b\u843d\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u305f\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/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>\u305d\u3057\u3066\u305d\u308c\u306f\u898b\u4e8b\u306b\u5f53\u305f\u3063\u305f\u3002\u7c73\u56fd\u682a\u306f\u4e00\u5ea6\u5927\u5e45\u306b\u4e0a\u6607\u3057\u305f\u5f8c\u30012\u6708\u306b\u4e0b\u843d\u3092\u958b\u59cb\u3057\u305f\u3002<\/p>\n<p><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7603\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-s-and-p-500-chart.png\" alt=\"\" width=\"598\" height=\"365\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-s-and-p-500-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-s-and-p-500-chart-300x183.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u7c73\u56fd\u521d\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u306f\u4e00\u5ea6\u53cd\u767a\u3057\u305f\u304c\u30013\u6708\u534a\u3070\u304b\u3089\u518d\u3073\u4e0b\u843d\u306b\u8ee2\u3058\u3066\u304a\u308a\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u308c\u3082\u5f53\u3066\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7561\">\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f: \u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u9b54\u4eba\u306f\u307e\u3060\u6d88\u6ec5\u3057\u3066\u3044\u306a\u3044<\/a><\/li>\n<\/ul>\n<p>2016\u5e74\u306b\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u521d\u671f\u306e\u9577\u671f\u91d1\u5229\u4e0a\u6607\u3092\u7684\u4e2d\u3055\u305b\u3066\u304b\u3089\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u4e88\u60f3\u306f\u51b4\u3048\u6e21\u3063\u3066\u3044\u308b\u304c\u3001\u5f7c\u306e\u4eca\u306e\u76f8\u5834\u89b3\u306f\u3069\u3046\u3060\u308d\u3046\u304b\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u73fe\u5728\u306e\u76f8\u5834\u306f\u9ad8\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u5909\u52d5\u304c\u6fc0\u3057\u3044\uff09\u306e\u74b0\u5883\u306b\u3042\u308a\u3001\u3053\u308c\u306f\u660e\u3089\u304b\u306b2017\u5e74\u306e\u76f8\u5834\u74b0\u5883\u3068\u306f\u7570\u306a\u308b\u3002\u4eca\u3001\u76f8\u5834\u306f\u3064\u3051\u3092\u6255\u3063\u3066\u3044\u308b\u306e\u3060\u3002<\/p>\n<p>2017\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u306f\u53f2\u4e0a\u6700\u9ad8\u306b\u7c21\u5358\u306a\u6295\u8cc7\u74b0\u5883\u3060\u3063\u305f\u3002\u30ea\u30b9\u30af\u8abf\u6574\u5f8c\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u53f2\u4e0a\u6700\u9ad8\u3060\u308d\u3046\u3002\u305d\u3057\u30662018\u5e74\u306f\u3001\u4ee5\u524d\u304b\u3089\u4e88\u60f3\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u682a\u5f0f\u306f\u30de\u30a4\u30ca\u30b9\u306e\u30ea\u30bf\u30fc\u30f3\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u5e74\u59cb\u304b\u3089\u306e\u5f31\u6c17\u4e88\u60f3\u3092\u7d99\u7d9a\u3057\u3066\u3044\u308b\u3002\u7406\u7531\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p><strong>\u91d1\u5229\u4e0a\u6607\u3068\u4e16\u754c\u540c\u6642\u682a\u5b89<\/strong><\/p>\n<p>\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u306b\u3064\u3044\u3066\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u682a\u5f0f\u5e02\u5834\u306f\u9ad8\u91d1\u5229\u306b\u8010\u3048\u3089\u308c\u306a\u3044\u3002\u4ee5\u524d\u8a71\u3057\u305f\u3088\u3046\u306b\u3001\u305d\u306e\u5206\u5c90\u70b9\u306f\u9577\u671f\u91d1\u5229\u306e2.63%\u3060\u3002<\/p>\n<p>\u9577\u671f\u91d1\u5229\u304c2.63%\u3088\u308a\u4e0b\u304c\u308c\u3070\u682a\u4fa1\u3082\u53cd\u767a\u306e\u30c1\u30e3\u30f3\u30b9\u304c\u3042\u308b\u3060\u308d\u3046\u304c\u3001\u305d\u3046\u306a\u308b\u3068\u306f\u601d\u308f\u306a\u3044\u3002<\/p><\/blockquote>\n<p>\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u304a\u99b4\u67d3\u307f\u3060\u304c\u3001\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u306f\u30a2\u30e1\u30ea\u30ab\u56fd\u50b5\u306e\u91d1\u5229\u304c\u4e0a\u6607\u3057\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u9ad8\u91d1\u5229\u3092\u6c42\u3081\u305f\u8cc7\u91d1\u304c\u682a\u5f0f\u5e02\u5834\u304b\u3089\u50b5\u5238\u5e02\u5834\u306b\u6d41\u51fa\u3057\u305f\u3053\u3068\u3067\u3042\u308b\u3002\u9577\u671f\u91d1\u5229\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-us-10-year-treasury-note-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7605\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-us-10-year-treasury-note-yield-chart.png\" alt=\"\" width=\"598\" height=\"365\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-us-10-year-treasury-note-yield-chart.png 598w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-4-8-us-10-year-treasury-note-yield-chart-300x183.png 300w\" sizes=\"auto, (max-width: 598px) 100vw, 598px\" \/><\/a><\/p>\n<p>\u3053\u306e\u30c1\u30e3\u30fc\u30c8\u304c\u5e74\u59cb\u304b\u3089\u5f90\u3005\u306b\u4e0a\u6607\u3057\u305f\u3053\u3068\u304c\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u306e\u9577\u671f\u91d1\u5229\u306b\u3064\u3044\u3066\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u9577\u671f\u91d1\u5229\u304c\u66f4\u306b\u4e0a\u6607\u3059\u308b\u305f\u3081\u306b\u306f2\u3064\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u3042\u308b\u30021\u3064\u306f\u30c9\u30a4\u30c4\u56fd\u50b5\u306e\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u3092\u62bc\u3057\u4e0a\u3052\u308b\u3053\u3068\u3060\u304c\u3001\u30c9\u30a4\u30c4\u306e\u9577\u671f\u91d1\u5229\u306b\u95a2\u3057\u3066\u306f\u65e2\u306b\u5b9f\u8cea\u91d1\u5229\u304c\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001\u4e0b\u306b\u884c\u304f\u53ef\u80fd\u6027\u306f\u4f4e\u3044\u3002\u3064\u307e\u308a\u3001\u9577\u671f\u91d1\u5229\u306b\u306f\u4e0a\u6607\u3059\u308b\u4f59\u5730\u304c\u3042\u308b\u3002<\/p>\n<p>\u307e\u305f\u3001\u3082\u30461\u3064\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u540d\u76eeGDP\u6210\u9577\u7387\uff08\u8a33\u6ce8\uff1a\u30a4\u30f3\u30d5\u30ec\u7387\u3068\u5b9f\u8cea\u7d4c\u6e08\u6210\u9577\u7387\u306e\u548c\uff09\u304c\u4e0a\u6607\u3057\u3066\u9577\u671f\u91d1\u5229\u3082\u4e0a\u6607\u3059\u308b\u3053\u3068\u3060\u304c\u3001\u3053\u3061\u3089\u306f\u5fae\u5999\u3060\u3002\u4eca\u5f8c\u306eGDP\u7d71\u8a08\u304c\u3069\u3046\u306a\u308b\u304b\u3001\u3042\u307e\u308a\u78ba\u304b\u306a\u3053\u3068\u304c\u8a00\u3048\u306a\u3044\u3002<\/p>\n<p>1\u6708\u306b\u30a2\u30c8\u30e9\u30f3\u30bf\u9023\u9280\u306eGDP\u4e88\u60f3\u304c\u524d\u671f\u6bd4\u5e74\u7387\u30675.4%\u306e\u6210\u9577\u7387\u3092\u793a\u3057\u3066\u3044\u305f\u6642\u306b\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u5f37\u6c17\u306b\u3082\u306a\u308c\u305f\u3060\u308d\u3046\u304c\u3001\u7d50\u5c40\u305d\u308c\u306f\u5927\u5e45\u306b\u5207\u308a\u4e0b\u3052\u3089\u308c\u305f\u3002\u305d\u3057\u3066\u6700\u8fd1\u306e\u7d4c\u6e08\u6307\u6a19\u306f3\u30f6\u6708\u524d\u306b\u6bd4\u3079\u3066\u5f37\u3044\u3068\u306f\u8a00\u3048\u306a\u3044\u3002<\/p><\/blockquote>\n<p>\u3053\u3053\u306f\u91cd\u8981\u306a\u70b9\u3067\u3042\u308b\u3002\u7b46\u8005\u3082\u540c\u3058\u3053\u3068\u3092\u66f8\u3053\u3046\u3068\u3057\u3066\u3044\u305f\u306e\u3067\u3001\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u306e\u6307\u6458\u306b\u4fbf\u4e57\u3055\u305b\u3066\u3082\u3089\u304a\u3046\u3002<\/p>\n<p><strong>\u3084\u3084\u920d\u5316\u3059\u308b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u6210\u9577<\/strong><\/p>\n<p>\u5148\u305a\u3001\u597d\u8abf\u3060\u3063\u305f\u6628\u5e7410-12\u6708\u671f\u306eGDP\u7d71\u8a08\u306e\u5f8c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u4f53\u7d4c\u6e08\u306b\u6e1b\u901f\u306e\u5146\u5019\u304c\u898b\u3089\u308c\u308b\u3053\u3068\u306f\u4f1d\u3048\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7551\">\u500b\u4eba\u6d88\u8cbb\u306b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u6e1b\u901f\u306e\u5146\u3057\u3001\u5229\u4e0a\u3052\u306f\u6b62\u307e\u3089\u305a<\/a><\/li>\n<\/ul>\n<p>\u305d\u3057\u3066\u3053\u306e\u500b\u4eba\u6d88\u8cbb\u304c\u5f15\u304d\u7d9a\u304d\u597d\u8abf\u3068\u306f\u8a00\u3048\u306a\u3044\u3002<\/p>\n<p><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-feb-us-personal-consumption-expenditures-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7604\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-feb-us-personal-consumption-expenditures-chart.png\" alt=\"\" width=\"488\" height=\"396\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-feb-us-personal-consumption-expenditures-chart.png 488w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/04\/2018-feb-us-personal-consumption-expenditures-chart-300x243.png 300w\" sizes=\"auto, (max-width: 488px) 100vw, 488px\" \/><\/a><\/p>\n<p>\u6628\u5e74\u306e10-12\u6708\u671f\u306b\u4e0a\u6607\u3092\u898b\u305b\u305f\u5f8c\u30011\u67082\u6708\u306f\u4e0a\u6607\u5e45\u3092\u5c11\u3057\u6e1b\u5c11\u3055\u305b\u305f\u307e\u307e\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u3092\u672c\u683c\u7684\u306a\u6e1b\u901f\u3068\u307f\u306a\u3059\u306e\u306f\u307e\u3060\u65e9\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u5c11\u306a\u304f\u3068\u30821-3\u6708\u671f\u306eGDP\u7d71\u8a08\u306f\u6628\u5e74\u672b\u307b\u3069\u826f\u3044\u6570\u5b57\u306b\u306f\u306a\u3089\u306a\u3044\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3068\u8a00\u3048\u308b\u3002<\/p>\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n<p>\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u3068\u306a\u3063\u305f\u306e\u306fFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306b\u3088\u308b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3068\u305d\u306e\u7d50\u679c\u306e\u91d1\u5229\u4e0a\u6607\u3060\u304c\u3001Fed\u304c\u682a\u4fa1\u306e\u4e0a\u4e0b\u3092\u91d1\u878d\u653f\u7b56\u306e\u8003\u616e\u306b\u5165\u308c\u306a\u3044\u59ff\u52e2\u3092\u793a\u3057\u3066\u3044\u308b\u4ee5\u4e0a\u3001\u5229\u4e0a\u3052\u3092\u6b62\u3081\u3089\u308c\u308b\u3068\u3059\u308c\u3070\u30a2\u30e1\u30ea\u30ab\u5b9f\u4f53\u7d4c\u6e08\u306e\u6e1b\u901f\u3057\u304b\u306a\u3044\u3002\u3060\u304b\u3089GDP\u304c\u91cd\u8981\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>1-3\u6708\u671f\u306e\u30a2\u30e1\u30ea\u30ab\u306eGDP\u7d71\u8a08\u306f\u3042\u30681\u6708\u307b\u3069\u3067\u767a\u8868\u3055\u308c\u308b\u304c\u3001\u4eca\u56db\u534a\u671f\u306e\u7d4c\u6e08\u6210\u9577\u7387\u306f\u6e1b\u901f\u3057\u305f\u3068\u3057\u3066\u3082\u5229\u4e0a\u3052\u3092\u6b62\u3081\u308b\u307b\u3069\u306e\u6e1b\u901f\u306b\u306f\u306a\u3089\u306a\u3044\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002\u305f\u3060\u3001\u305d\u306e\u6b21\u306e4-6\u6708\u671f\u306eGDP\u7d71\u8a08\u304c\u3069\u3046\u306a\u308b\u304b\u306f\u3001\u4eca\u5f8c\u306e\u7d4c\u6e08\u7d71\u8a08\u3092\u6ce8\u8996\u3057\u306a\u304c\u3089\u8003\u3048\u3066\u3086\u304f\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n<p>\u6628\u5e74\u304b\u3089\u8a00\u3044\u7d9a\u3051\u3066\u3044\u308b\u3053\u3068\u3067\u306f\u3042\u308b\u304c\u3001\u6295\u8cc7\u5bb6\u306e\u6b21\u306e\u30b9\u30c6\u30c3\u30d7\u306fFed\u304c\u5f15\u304d\u7de0\u3081\u3092\u8ae6\u3081\u3066\u7de9\u548c\u306b\u8ee2\u63db\u3059\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u72d9\u3044\u3001\u91d1\u878d\u7de9\u548c\u306e\u6069\u6075\u3092\u53d7\u3051\u308b\u8cc7\u7523\u3092\u8cb7\u3044\u5360\u3081\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/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<\/ul>\n<blockquote><p>\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u5f71\u97ff\u304c\u5e02\u5834\u3067\u9032\u884c\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u6295\u8cc7\u5bb6\u304c\u6ce8\u8996\u3057\u3066\u304a\u304b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306f\u77ed\u671f\u91d1\u5229\u306e\u52d5\u5411\u3001\u3064\u307e\u308a\u306f\u5229\u4e0a\u3052\u306f\u4f55\u51e6\u307e\u3067\u9032\u3080\u3053\u3068\u304c\u51fa\u6765\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u6700\u521d\u306b\u66f8\u3044\u305f\u901a\u308a\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u3044\u305a\u308c\u9650\u754c\u306b\u5230\u9054\u3059\u308b\u3002\u7c73\u56fd\u306e\u77ed\u671f\u91d1\u5229\u3092\u898b\u306a\u304c\u3089\u305d\u308c\u3092\u898b\u6975\u3081\u308b\u306e\u304c\u7b2c\u4e8c\u30b9\u30c6\u30fc\u30b8\u3068\u3044\u3046\u308f\u3051\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n<p>\u77ed\u671f\u91d1\u5229\u306e\u5177\u4f53\u7684\u306a\u6570\u5024\u306f\u5f53\u6642\u306e\u4e88\u60f3\u304b\u3089\u4e0a\u65b9\u4fee\u6b63\u3057\u3066\u3044\u308b\u304c\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u5b9f\u4f53\u7d4c\u6e08\u304c\u4eca\u65e2\u306b\u91d1\u5229\u9ad8\u306b\u5598\u3044\u3067\u3044\u308b\u3068\u3059\u308c\u3070\u3001\u8ee2\u63db\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u3084\u306f\u308a\u4eca\u5e74\u4e2d\u306b\u6765\u308b\u306e\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u682a\u5f0f\u3001\u30c9\u30eb\u76f8\u5834\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306a\u3069\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u30bf\u30fc\u30cb\u30f3\u30b0\u30dd\u30a4\u30f3\u30c8\u306b\u306a\u308b\u3060\u308d\u3046\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u7d4c\u6e08\u6307\u6a19\u3092\u6ce8\u8996\u3057\u306a\u304c\u3089\u3001\u4e16\u754c\u5e02\u5834\u306e\u8ee2\u63db\u70b9\u306b\u3064\u3044\u3066\u4eca\u5f8c\u3082\u5831\u3058\u3066\u3086\u304f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2018\u5e742\u6708\u304b\u3089\u59cb\u307e\u3063\u305f\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u7684\u78ba\u306b\u4e88\u60f3\u3057\u305f\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c8\u30e9\u30c3\u30af\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08\u539f\u6587\u82f1\u8a9e\uff09\u3067\u5f31\u6c17\u4e88\u60f3\u3092\u7e70\u308a\u8fd4\u3057\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":[118,59,111,108],"tags":[131],"class_list":["post-7601","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-us-stock-market","category-stock-markets","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7601","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=7601"}],"version-history":[{"count":9,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7601\/revisions"}],"predecessor-version":[{"id":7613,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7601\/revisions\/7613"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=7601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=7601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=7601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}