{"id":7959,"date":"2018-10-28T08:44:47","date_gmt":"2018-10-27T23:44:47","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=7959"},"modified":"2018-10-28T00:46:36","modified_gmt":"2018-10-27T15:46:36","slug":"%e4%b8%96%e7%95%8c%e5%90%8c%e6%99%82%e6%a0%aa%e5%ae%89%e3%82%92%e4%ba%88%e6%83%b3%e3%81%a7%e3%81%8d%e3%81%9f%e7%90%86%e7%94%b1%e3%81%a8%e6%a0%aa%e4%be%a1%e4%b8%8b%e8%90%bd%e3%81%ae%e5%8e%9f%e5%9b%a0","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959","title":{"rendered":"\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0"},"content":{"rendered":"<p>2018\u5e7410\u6708\u306b\u59cb\u307e\u3063\u305f\u4e16\u754c\u540c\u6642\u682a\u5b89\u306b\u3064\u3044\u3066\u3001\u4e00\u5ea6\u7e8f\u3081\u3066\u304a\u3053\u3046\u3068\u601d\u3046\u3002<\/p>\n<p>\u3053\u3053\u3067\u306f\u6025\u843d\u304c\u8d77\u3053\u308b\u4f55\u30f6\u6708\u3082\u524d\u304b\u3089\u682a\u4fa1\u304c\u66b4\u843d\u3059\u308b\u7406\u7531\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u8aac\u660e\u3057\u3066\u304d\u305f\u306e\u3067\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u540c\u3058\u3053\u3068\u306e\u7e70\u308a\u8fd4\u3057\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u304c\u3001\u72b6\u6cc1\u3092\u6574\u7406\u3059\u308b\u3053\u3068\u306f\u5fc5\u8981\u3060\u308d\u3046\u3002<\/p>\n<p><!--more--><strong>\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u306f\u4f55\u304b<\/strong><\/p>\n<p>\u3055\u3066\u3001\u3067\u306f\u682a\u4fa1\u304c\u4e0b\u843d\u3057\u305f\u7406\u7531\u306f\u4f55\u3060\u308d\u3046\u304b\u3002\u305d\u308c\u306f\u76f4\u63a5\u7684\u306b\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3060\u304c\u3001\u672c\u8cea\u7684\u306b\u306f2008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u4ee5\u6765\u3001\u4e16\u754c\u4e2d\u306e\u4e2d\u592e\u9280\u884c\u304c\u884c\u306a\u3063\u3066\u304d\u305f\u91cf\u7684\u7de9\u548c\u306b\u3088\u308b\u91d1\u878d\u30d0\u30d6\u30eb\u304c\u539f\u56e0\u3060\u3068\u8a00\u3046\u3079\u304d\u3060\u308d\u3046\u3002\u5148\u305a\u306f2008\u5e74\u4ee5\u6765\u3001\u7c73\u56fd\u682a\u304c\u3069\u308c\u3060\u3051\u4e0a\u6607\u3057\u3066\u304d\u305f\u304b\u3092\u30c1\u30e3\u30fc\u30c8\u3067\u898b\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n<p><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2008-2018-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7960\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2008-2018-s-and-p-500-chart.png\" alt=\"\" width=\"604\" height=\"371\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2008-2018-s-and-p-500-chart.png 604w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2008-2018-s-and-p-500-chart-300x184.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" 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href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6712\">\u9023\u9280\u7dcf\u88c1\u3089\u3001\u8ffd\u52a0\u5229\u4e0a\u3052\u3068\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u306b\u3064\u3044\u3066\u8a9e\u308b (2017\/8\/9)<\/a><\/li>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6845\">9\u6708FOMC\u4f1a\u5408\u7d50\u679c\u306f\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u6c7a\u5b9a\u3001\u30c9\u30eb\u5186\u76f8\u5834\u306e\u63a8\u79fb\u898b\u901a\u3057 (2017\/9\/21)<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u91d1\u878d\u5e02\u5834\u306f\u3053\u308c\u307b\u3069\u91cd\u8981\u306a\u6c7a\u5b9a\u3092\u307b\u3068\u3093\u3069\u7121\u8996\u3057\u305f\u3002\u305d\u3057\u3066\u5e02\u5834\u304c\u7121\u8996\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3082\u542b\u3081\u3066\u3001\u3053\u3053\u3067\u306f\u4e8b\u524d\u306b\u4e88\u60f3\u3057\u3066\u304d\u305f\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u306f\u6b21\u306e\u3088\u3046\u306b\u7d50\u8ad6\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/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 (2017\/7\/28)<\/a><\/li>\n<\/ul>\n<blockquote><p>\u30d0\u30d6\u30eb\u5d29\u58ca\u3068\u306f\u6295\u8cc7\u5bb6\u304c\u682a\u3092\u58f2\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u72b6\u6cc1\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u3001\u305d\u306e\u72b6\u6cc1\u304c\u5909\u3048\u3089\u308c\u306a\u3044\u3082\u306e\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u8d77\u3053\u308b\u306e\u3060\u304c\u30012017\u5e74\u306e\u5e02\u5834\u306f\u305d\u306e\u72b6\u6cc1\u306b\u306f\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u3068\u306f\u3044\u3048\u3001\u3067\u306f\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306f\u4f55\u306e\u554f\u984c\u3082\u306a\u3044\u306e\u304b\u3068\u8a00\u3048\u3070\u3001\u305d\u3046\u3067\u306f\u306a\u3044\u3002\u3053\u3053\u3067\u306e\u8ad6\u70b9\u306f\u3001\u305d\u308c\u3092\u7834\u88c2\u3055\u305b\u308b\u305f\u3081\u306b\u5341\u5206\u306a\u30c8\u30ea\u30ac\u30fc\uff08\u30d6\u30e9\u30c3\u30af\u30de\u30f3\u30c7\u30fc\u3084\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u9803\u306b\u306f\u5b58\u5728\u3057\u3066\u3044\u305f\u4e0d\u53ef\u907f\u306e\u539f\u56e0\uff09\u304c\u3001\u73fe\u72b6\u3067\u306f\u898b\u5f53\u305f\u3089\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n<p>\u3055\u3066\u3001\u3067\u306f\u5e02\u5834\u306f\u3044\u3064\u307e\u3067\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3092\u7121\u8996\u3057\u7d9a\u3051\u308b\u306e\u304b\uff1f\u3000\u8a00\u3044\u63db\u3048\u308c\u3070\u3001\u30d0\u30d6\u30eb\u306f\u3044\u3064\u307e\u3067\u7d9a\u304f\u306e\u3060\u308d\u3046\u304b\uff1f\u3000\u305d\u308c\u304c\u5206\u304b\u3089\u306a\u3051\u308c\u3070\u3001\u30d0\u30d6\u30eb\u3092\u7a7a\u58f2\u308a\u3057\u3066\u5132\u3051\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\u3002\u3060\u304b\u3089\u53bb\u5e74\u4ee5\u6765\u3001\u3053\u3053\u3067\u306f\u682a\u4fa1\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u5146\u3057\u3092\u6ce8\u610f\u6df1\u304f\u63a2\u3057\u7d9a\u3051\u3066\u304d\u305f\u3002<\/p>\n<p><strong>\u30d0\u30d6\u30eb\u5d29\u58ca\u306b\u306f\u9806\u5e8f\u304c\u3042\u308b<\/strong><\/p>\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e2008\u5e74\u306b\u3082\u305d\u3046\u3060\u3063\u305f\u3088\u3046\u306b\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u3068\u306f\u3059\u3079\u3066\u306e\u9298\u67c4\u304c\u4e00\u6589\u306b\u4e0b\u843d\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002\u3053\u3053\u3067\u306f\u53bb\u5e74\u304b\u3089\u8a00\u3044\u7d9a\u3051\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u904e\u7a0b\u3067\u306f\u5148\u305a\u3001\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u8cc7\u7523\u304b\u3089\u58f2\u3089\u308c\u59cb\u3081\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<p>\u4e8b\u5b9f\u30012018\u5e74\u306e\u682a\u5f0f\u5e02\u5834\u3067\u4e00\u756a\u6700\u521d\u306b\u4e0b\u843d\u3057\u305f\u306e\u306f\u65b0\u8208\u56fd\u306e\u682a\u5f0f\u3067\u3042\u308b\u3002\u4e2d\u56fd\u3084\u30c8\u30eb\u30b3\u3001\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u306a\u3069\u306e\u682a\u5f0f\u3068\u901a\u8ca8\u306e\u66b4\u843d\u306b\u3064\u3044\u3066\u306f\u3001\u3053\u3053\u3067\u3082\u5831\u3058\u3066\u304d\u305f\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7812\">\u30c8\u30eb\u30b3\u5927\u7d71\u9818\u3001\u30ea\u30e9\u66b4\u843d\u3067\u56fd\u6c11\u306b\u81ea\u56fd\u901a\u8ca8\u306e\u8cb7\u3044\u652f\u3048\u3092\u63a8\u5968 (2018\/8\/12)<\/a><\/li>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7823\">\u30c8\u30eb\u30b3\u306e\u30a8\u30eb\u30c9\u30a2\u30f3\u5927\u7d71\u9818\u3001\u901a\u8ca8\u66b4\u843d\u3067\u4f1a\u5fc3\u306e\u30ae\u30e3\u30b0\u3092\u98db\u3070\u3059 (2018\/8\/13)<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u8aad\u8005\u3082\u77e5\u3063\u3066\u306e\u901a\u308a\u3001\u5927\u534a\u306e\u6295\u8cc7\u5bb6\u306e\u53cd\u5fdc\u306f\u300c\u5148\u9032\u56fd\u306b\u306f\u95a2\u4fc2\u304c\u306a\u3044\u300d\u3067\u3042\u308b\u3002\u305d\u3046\u3057\u305f\u53cd\u5fdc\u81ea\u4f53\u304c\u65e2\u306b\u30d0\u30d6\u30eb\u306e\u8a3c\u62e0\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u305f\u3060\u3001\u65b0\u8208\u56fd\u306e\u6b21\u306b\u4e0b\u843d\u3059\u308b\u306e\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u5e02\u5834\u3067\u306f\u306a\u3044\u3002\u305d\u3057\u3066\u7c73\u56fd\u682a\u304c\u5d29\u58ca\u3057\u306a\u3051\u308c\u3070\u3001\u65e5\u672c\u306a\u3069\u4ed6\u306e\u5148\u9032\u56fd\u306e\u682a\u4fa1\u6307\u6570\u3082\u4f55\u3068\u304b\u8010\u3048\u3066\u3086\u304f\u3060\u308d\u3046\u3002<\/p>\n<p>\u3067\u306f\u6b21\u306b\u4e0b\u843d\u3057\u305f\u306e\u306f\u4f55\u304b\u3068\u8a00\u3048\u3070\u3001\u7c73\u56fd\u4ee5\u5916\u306e\u5148\u9032\u56fd\u306e\u682a\u5f0f\u306e\u5185\u3001\u65e5\u7d4c\u5e73\u5747\u306a\u3069\u306e\u682a\u4fa1\u6307\u6570\u306b\u542b\u307e\u308c\u3066\u3044\u306a\u3044\u30de\u30a4\u30ca\u30fc\u306a\u9298\u67c4\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7740\">\u65e5\u672c\u306e\u682a\u5f0f\u5e02\u5834\u306e\u5d29\u58ca\u306f\u3082\u3046\u59cb\u307e\u3063\u3066\u3044\u308b (2018\/7\/31)<\/a><\/li>\n<\/ul>\n<p>7\u6708\u306e\u6bb5\u968e\u3067\u65e2\u306b\u3001\u65e5\u7d4c\u5e73\u5747\u63a1\u7528\u9298\u67c4\u3092\u9664\u304f\u65e5\u672c\u682a\u306f\u5f31\u6c17\u76f8\u5834\u5165\u308a\u3057\u3066\u3044\u305f\u3002\u3053\u306e\u8a18\u4e8b\u3067\u306f\u30de\u30b6\u30fc\u30ba\u3084JASDAQ\u306a\u3069\u306e\u5c0f\u578b\u682a\u6307\u6570\u304c\u65e2\u306b\u304b\u306a\u308a\u4e0b\u843d\u3057\u3066\u3044\u305f\u3053\u3068\u3092\u6307\u6458\u3057\u305f\u4e0a\u3067\u3001\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u5c11\u306a\u304f\u3068\u3082\u5148\u9032\u56fd\u306e\u4e3b\u8981\u306a\u682a\u4fa1\u6307\u6570\u306f\u3044\u307e\u3060\u53f2\u4e0a\u6700\u9ad8\u5024\u4ed8\u8fd1\u304b\u3089\u305d\u308c\u307b\u3069\u4e0b\u843d\u3057\u3066\u304a\u3089\u305a\u3001\u65e5\u7d4c\u5e73\u5747\u306a\u3069\u3060\u3051\u3092\u898b\u3066\u3044\u308b\u3068\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u554f\u984c\u306a\u304b\u3063\u305f\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3046\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u4e16\u754c\u306e\u5e02\u5834\u3092\u898b\u6e21\u3057\u3066\u307f\u308c\u3070\u66b4\u843d\u306e\u65e5\u304c\u7740\u5b9f\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3053\u3068\u304c\u5206\u304b\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u3001\u3053\u3053\u6700\u8fd1\u9023\u65e5\u66f8\u3044\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>7\u6708\u6642\u70b9\u3067\u3053\u3046\u66f8\u3044\u305f\u306e\u3060\u304c\u3001\u771f\u5263\u306b\u53d7\u3051\u53d6\u3063\u305f\u8aad\u8005\u304c\u3069\u308c\u3060\u3051\u5c45\u305f\u3060\u308d\u3046\u304b\u3002\u5c11\u306a\u304f\u3068\u3082\u3001\u4e16\u306e\u4e2d\u306e\u5927\u534a\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u306f\u3053\u3053\u3067\u7b46\u8005\u304c\u6307\u6458\u3057\u7d9a\u3051\u3066\u304d\u305f\u66b4\u843d\u306e\u5146\u5019\u306a\u3069\u6c17\u306b\u3082\u305b\u305a\u3001\u682a\u5f0f\u3084\u6295\u8cc7\u4fe1\u8a17\u3092\u8cb7\u3044\u7d9a\u3051\u3066\u3044\u305f\u3060\u308d\u3046\u3002<\/p>\n<p>\u3055\u3066\u3001\u305d\u308c\u3067\u3082\u7c73\u56fd\u306e\u682a\u4fa1\u6307\u6570\u3067\u3042\u308bS&amp;P 500\u3084\u65e5\u7d4c\u5e73\u5747\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u3002\u3057\u304b\u3057\u3053\u3053\u3067\u6307\u6458\u3057\u7d9a\u3051\u305f\u901a\u308a\u3001\u4e16\u754c\u306e\u682a\u5f0f\u5e02\u5834\u306e\u4e2d\u3067\u307e\u3060\u4e0a\u6607\u76f8\u5834\u3092\u4fdd\u3063\u3066\u3044\u305f\u306e\u306f\u3001\u30a2\u30e1\u30ea\u30ab\u3084\u65e5\u672c\u306e\u682a\u5f0f\u5e02\u5834\u306e\u5185\u3001\u682a\u4fa1\u6307\u6570\u306b\u63a1\u7528\u3055\u308c\u3066\u3044\u308b\u5c11\u6570\u306e\u9298\u67c4\u3060\u3051\u3060\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u3053\u306e\u72b6\u6cc1\u3092\u51b7\u9759\u306b\u8003\u3048\u308c\u3070\u3001\u76f8\u5834\u304c\u5927\u4e08\u592b\u306a\u7406\u7531\u306a\u3069\u4f55\u3082\u306a\u3044\u3053\u3068\u304c\u7c21\u5358\u306b\u5206\u304b\u308b\u306f\u305a\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u4e16\u754c\u306e\u91d1\u878d\u5e02\u5834\u304b\u3089\u78ba\u5b9f\u306b\u8cc7\u91d1\u3092\u5f15\u304d\u63da\u3052\u7d9a\u3051\u3066\u304a\u308a\u3001\u65b0\u8208\u56fd\u306f\u66b4\u843d\u3057\u3001\u5148\u9032\u56fd\u3082\u4e3b\u8981\u9298\u67c4\u4ee5\u5916\u306f\u3059\u3079\u3066\u66b4\u843d\u3057\u3001\u6700\u5f8c\u306b\u6b8b\u3055\u308c\u305f\u306e\u306fS&amp;P 500\u3068\u65e5\u7d4c\u5e73\u5747\u306b\u542b\u307e\u308c\u308b\u5c11\u6570\u306e\u4e3b\u8981\u9298\u67c4\u304f\u3089\u3044\u306e\u3082\u306e\u3067\u3042\u308b\u3002\u3053\u3053\u307e\u3067\u5d16\u3063\u3077\u3061\u3067\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u306f\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u5371\u6a5f\u306b\u6c17\u3065\u304f\u3053\u3068\u304c\u306a\u3044\u3002\u7b46\u8005\u306b\u306f\u9006\u306b\u305d\u306e\u7406\u7531\u304c\u5b8c\u5168\u306b\u4e0d\u53ef\u89e3\u3067\u3042\u308b\u3002\u30d0\u30d6\u30eb\u3068\u306f\u9762\u767d\u3044\u3082\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n<p><strong>2018\u5e749\u6708\u3001\u6700\u5f8c\u306e\u5be9\u5224<\/strong><\/p>\n<p>9\u6708\u306b\u65e5\u7d4c\u5e73\u5747\u304c\u6700\u5f8c\u306e\u66b4\u9a30\u3092\u898b\u305b\u305f\u306e\u306f\u3001\u591a\u304f\u306e\u500b\u4eba\u6295\u8cc7\u5bb6\u304c\u77e5\u3063\u3066\u3044\u308b\u4e8b\u5b9f\u3060\u308d\u3046\u3002\u65e5\u7d4c\u5e73\u5747\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u3066\u307f\u305f\u3044\u3002<\/p>\n<p><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-8-27-nikkei-225-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7961\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-8-27-nikkei-225-chart.png\" alt=\"\" width=\"604\" height=\"371\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-8-27-nikkei-225-chart.png 604w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-8-27-nikkei-225-chart-300x184.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><\/p>\n<p>9\u6708\u306e\u6700\u5f8c\u306e\u6025\u9a30\u306e\u9593\u3001\u7b46\u8005\u306f\u65e5\u7d4c\u5e73\u5747\u306e\u7a7a\u58f2\u308a\u3092\u6a5f\u68b0\u7684\u306b\u7d9a\u3051\u3066\u3044\u308b\u3002\u5929\u4e95\u306e\u5c11\u3057\u524d\u304b\u3089\u7a7a\u58f2\u308a\u3092\u958b\u59cb\u3057\u305f\u305f\u3081\u3001\u7a7a\u58f2\u308a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u69cb\u7bc9\u3059\u308b\u9593\u3001\u682a\u4fa1\u306f\u4e0a\u304c\u308a\u7d9a\u3051\u305f\u304c\u3001\u4e00\u5207\u6c17\u306b\u305b\u305a\u58f2\u308a\u5897\u3057\u3092\u7d9a\u3051\u305f\u3002\u305d\u306e\u6b21\u306b\u4f55\u304c\u8d77\u3053\u308b\u306e\u304b\u304c\u5206\u304b\u3063\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u3001\u3084\u308b\u4e8b\u306f\u4e00\u3064\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7927\">\u30d0\u30d6\u30eb\u306e\u9802\u70b9\u3067\u65e5\u7d4c\u5e73\u5747\u306f\u4e0a\u6607\u3001\u7a7a\u58f2\u308a\u3092\u6de1\u3005\u3068\u7d99\u7d9a (2018\/9\/20)<\/a><\/li>\n<\/ul>\n<p>\u305d\u3057\u3066\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u6700\u5f8c\u306e\u5146\u5019\u304c\u73fe\u308c\u305f\u3002\u9042\u306b\u65e5\u672c\u306e\u30de\u30b6\u30fc\u30ba\u3084JASDAQ\u3060\u3051\u3067\u306a\u304f\u3001\u7c73\u56fd\u306e\u5c0f\u578b\u682a\u307e\u3067\u3082\u304c\u4e0b\u3052\u76f8\u5834\u5165\u308a\u3057\u305f\u306e\u3067\u3042\u308b\u300210\u6708\u521d\u3081\u306e\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7931\">\u9042\u306b\u7c73\u56fd\u682a\u306b\u3082\u6e1b\u901f\u306e\u5146\u3057 (2018\/10\/8)<\/a><\/li>\n<\/ul>\n<p>\u4e0a\u306b\u3082\u66f8\u3044\u305f\u304c\u3001\u30d0\u30d6\u30eb\u3067\u306f\u30ea\u30b9\u30af\u306e\u9ad8\u3044\u8cc7\u7523\u304b\u3089\u9806\u756a\u306b\u58f2\u3089\u308c\u3066\u3086\u304f\u3002\u5148\u305a\u65b0\u8208\u56fd\u3001\u6b21\u306b\u7c73\u56fd\u4ee5\u5916\u306e\u5148\u9032\u56fd\u3001\u305d\u3057\u3066\u7c73\u56fd\u306e\u9806\u756a\u3068\u306a\u308b\u3002\u3064\u307e\u308a\u3001\u4e16\u754c\u5e02\u5834\u3067\u306f\u7c73\u56fd\u682a\u306f\u6700\u5f8c\u306e\u7826\u3067\u3042\u308b\u3002<\/p>\n<p>\u305d\u306e\u7c73\u56fd\u306e\u5c0f\u578b\u682a\u306b\u307e\u3067\u5f31\u6c17\u76f8\u5834\u304c\u53ca\u3079\u3070\u3001\u6b21\u306f\u3082\u3046\u7c73\u56fd\u306e\u4e3b\u8981\u682a\u304c\u4e0b\u843d\u3059\u308b\u3057\u304b\u306a\u3044\u3002\u305d\u3057\u3066\u7c73\u56fd\u306e\u4e3b\u8981\u9298\u67c4\u304c\u4e0b\u843d\u3059\u308c\u3070\u3001\u65e5\u672c\u3092\u542b\u3080\u5168\u4e16\u754c\u306e\u682a\u5f0f\u304c\u4e0b\u843d\u3059\u308b\u3057\u304b\u306a\u3044\u3002\u3060\u304b\u3089\u4e0a\u8a18\u306e\u8a18\u4e8b\u3067\u306f\u6b21\u306e\u3088\u3046\u306b\u306f\u3063\u304d\u308a\u66f8\u3044\u3066\u3042\u308b\u3002<\/p>\n<blockquote><p>\u7b46\u8005\u306f\u3001\u3053\u308c\u3092\u5f31\u6c17\u76f8\u5834\u304c\u9042\u306b\u7c73\u56fd\u5e02\u5834\u306b\u5230\u9054\u3057\u305f\u8a3c\u62e0\u3067\u3042\u308b\u3068\u898b\u3066\u3044\u308b\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u591a\u6570\u306e\u6295\u8cc7\u5bb6\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u7d30\u304b\u3044\u5146\u5019\u306a\u3069\u5b8c\u5168\u306b\u7121\u8996\u3059\u308b\u3060\u308d\u3046\u3002\u65b0\u8208\u56fd\u306f\u66b4\u843d\u3057\u3066\u304a\u308a\u3001\u65e5\u672c\u682a\u3082\u65e5\u7d4c\u5e73\u5747\u4ee5\u5916\u306f\u65e2\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\u304c\u3001\u8ab0\u3082\u6c17\u306b\u3057\u3066\u3044\u306a\u3044\u3002<\/p>\n<p>\u305d\u308c\u3067\u3082\u7b46\u8005\u306f\u3053\u3046\u3057\u305f\u4e00\u3064\u4e00\u3064\u306e\u5146\u5019\u3092\u9806\u756a\u306b\u78ba\u8a8d\u3057\u3001\u30d0\u30d6\u30eb\u306e\u5929\u4e95\u304c\u7740\u5b9f\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3057\u3066\u3086\u304f\u3002<\/p><\/blockquote>\n<p>\u305d\u3057\u3066\u66b4\u843d\u306f\u5f53\u7136\u306e\u3088\u3046\u306b\u8d77\u304d\u305f\u3002\u7b46\u8005\u306f\u305d\u308c\u304c10\u6708\u306e\u4f55\u65e5\u306b\u6765\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u304c\u4e0a\u306b\u8aac\u660e\u3057\u305f\u9806\u756a\u3067\u8d77\u3053\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u53bb\u5e74\u304b\u3089\u5206\u304b\u3063\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<p>\u3082\u3046\u4f55\u5e74\u3082\u540c\u3058\u3053\u3068\u3092\u8a00\u3044\u7d9a\u3051\u3066\u3044\u308b\u304c\u3001\u3053\u3053\u3067\u306f\u5e02\u5834\u3067\u8d77\u3053\u308b\u3053\u3068\u3092\u3059\u3079\u3066\u4e8b\u524d\u306b\u8aac\u660e\u3057\u3066\u3042\u308b\u306e\u3067\u3001\u5b9f\u969b\u306b\u66b4\u843d\u304c\u8d77\u304d\u305f\u3068\u3057\u3066\u3082\u3001\u66f8\u3051\u308b\u3053\u3068\u306f\u65e2\u306b\u66f8\u3044\u305f\u3053\u3068\u3060\u3051\u3067\u3042\u308b\u3002\u3060\u304b\u3089\u666e\u6bb5\u304b\u3089\u306e\u8aad\u8005\u306b\u306f\u9762\u767d\u307f\u306e\u306a\u3044\u8a18\u4e8b\u3068\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u3060\u308d\u3046\u3002<\/p>\n<p>\u4eca\u5f8c\u306e\u76f8\u5834\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u8a00\u3048\u3070\u3001\u4e0b\u843d\u76f8\u5834\u304c\u9577\u304f\u6df1\u3044\u3082\u306e\u306b\u306a\u308b\u305f\u3081\u306b\u306f\u5be7\u308d\u4e00\u6642\u7684\u306a\u53cd\u767a\u304c\u5fc5\u8981\u3067\u3042\u308b\u3002\u3060\u304b\u3089\u9577\u671f\u306e\u7a7a\u58f2\u308a\u6295\u8cc7\u5bb6\u3068\u3057\u3066\u7b46\u8005\u306f\u53cd\u767a\u3092\u671b\u3093\u3067\u3044\u308b\u3002\u3057\u304b\u3057\u3001\u5b9f\u969b\u306b\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n<p>\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u3001\u57fa\u6e96\u3068\u306a\u308b\u306e\u306f\u7c73\u56fd\u682a\u3067\u3042\u308b\u3002\u3060\u304b\u3089S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u8cbc\u3063\u3066\u304a\u304f\u3002<\/p>\n<p><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-10-27-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7962\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-10-27-s-and-p-500-chart.png\" alt=\"\" width=\"604\" height=\"371\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-10-27-s-and-p-500-chart.png 604w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/10\/2018-10-27-s-and-p-500-chart-300x184.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><\/p>\n<p>\u3053\u306e\u30c1\u30e3\u30fc\u30c8\u3092Fed\u304c\u6551\u3046\u306e\u304b\u3001\u6551\u308f\u306a\u3044\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u554f\u984c\u3068\u306a\u308b\u300210%\u4e0b\u843d\u3057\u305f\u3050\u3089\u3044\u3067\u306f\u3001Fed\u306f\u5e02\u5834\u6551\u6e08\u306b\u306f\u4e57\u308a\u51fa\u3055\u306a\u3044\u3060\u308d\u3046\u3002\u73fe\u72b6\u3067\u306f10%\u7a0b\u5ea6\u306e\u4e0b\u3052\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u3067\u306f15%\u3067\u306f\u3069\u3046\u304b\uff1f\u300020%\u3067\u306f\u3069\u3046\u304b\uff1f\u3000\u305d\u306e\u3088\u3046\u306b\u3057\u3066\u6b21\u306e\u624b\u3092\u8003\u3048\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3057\u304b\u3057\u91cd\u8981\u306a\u306e\u306f\u3001\u3053\u308c\u304c10\u5e74\u7d9a\u3044\u305f\u4e0a\u3052\u76f8\u5834\u306e\u7dcf\u6c7a\u7b97\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u73fe\u72b6\u7a0b\u5ea6\u306e\u4e0b\u3052\u3067\u306f\u3001\u4e0b\u3052\u305f\u5185\u306b\u306f\u5165\u3089\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n<p>\u65e2\u306b\u9577\u304f\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u306e\u3067\u3001\u898b\u901a\u3057\u306e\u8a73\u7d30\u306b\u3064\u3044\u3066\u306f\u6b21\u306e\u8a18\u4e8b\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002\u3053\u308c\u307b\u3069\u9762\u767d\u3044\u76f8\u5834\u306f\u3001\u4f55\u5e74\u306b\u4e00\u5ea6\u3068\u3044\u3046\u30ec\u30d9\u30eb\u3060\u308d\u3046\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2018\u5e7410\u6708\u306b\u59cb\u307e\u3063\u305f\u4e16\u754c\u540c\u6642\u682a\u5b89\u306b\u3064\u3044\u3066\u3001\u4e00\u5ea6\u7e8f\u3081\u3066\u304a\u3053\u3046\u3068\u601d\u3046\u3002 \u3053\u3053\u3067\u306f\u6025\u843d\u304c\u8d77\u3053\u308b\u4f55\u30f6\u6708\u3082\u524d\u304b\u3089\u682a\u4fa1\u304c\u66b4\u843d\u3059\u308b\u7406\u7531\u306b\u3064\u3044\u3066\u8a73\u3057\u304f\u8aac\u660e\u3057\u3066\u304d\u305f\u306e\u3067\u3001\u3053\u3053\u306e\u8aad\u8005\u306b\u306f\u540c\u3058\u3053\u3068\u306e\u7e70\u308a\u8fd4\u3057\u306b\u306a\u3063\u3066\u3057\u307e\u3046\u304c\u3001\u72b6\u6cc1\u3092\u6574\u7406\u3059 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0<\/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":[59,111,14],"tags":[],"class_list":["post-7959","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","category-japanese-stock-market"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7959","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=7959"}],"version-history":[{"count":14,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7959\/revisions"}],"predecessor-version":[{"id":7976,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/7959\/revisions\/7976"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=7959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=7959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=7959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}