{"id":8005,"date":"2018-11-16T20:02:34","date_gmt":"2018-11-16T11:02:34","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=8005"},"modified":"2018-11-16T18:40:06","modified_gmt":"2018-11-16T09:40:06","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-%e4%b8%96%e7%95%8c%e5%90%8c%e6%99%82%e6%a0%aa%e5%ae%89%e3%81%ae%e5%8e%9f%e5%9b%a0%e3%81%af","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8005","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u306f\u7c73\u56fd\u5229\u4e0a\u3052"},"content":{"rendered":"<p>\u4e16\u754c\u540c\u6642\u682a\u5b89\u304c\u9032\u884c\u3059\u308b\u4e2d\u3001\u4e16\u754c\u6700\u9ad8\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08<a href=\"https:\/\/www.cnbc.com\/video\/2018\/11\/15\/watch-cnbcs-full-interview-with-bridgewater-associates-ray-dalio.html\" target=\"_blank\" rel=\"noopener\">\u539f\u6587\u82f1\u8a9e<\/a>\uff09\u3067\u81ea\u8eab\u306e\u76f8\u5834\u89b3\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n<p>\u305f\u3060\u3001\u5f7c\u306e\u767a\u8a00\u306f\u300110\u6708\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3088\u308a\u524d\u304b\u3089\u3053\u3053\u3067\u8ff0\u3079\u3066\u304d\u3066\u3044\u308b\u308f\u305f\u3057\u306e\u76f8\u5834\u89b3\u3068\u307b\u3068\u3093\u3069\u9055\u3063\u3066\u3044\u306a\u3044\u306e\u3067\u3001\u8aad\u8005\u306b\u306f\u771f\u65b0\u3057\u3044\u3082\u306e\u306b\u306f\u6620\u3089\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<p><!--more--><strong>\u30c0\u30ea\u30aa\u6c0f\u306e\u76f8\u5834\u89b3<\/strong><\/p>\n<p>\u65e2\u306b\u8aac\u660e\u3057\u3066\u3044\u308b\u304c\u30012018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0<\/a><\/li>\n<\/ul>\n<p>\u305d\u3057\u3066\u305d\u308c\u306f\u3001\u3053\u308c\u307e\u3067\u884c\u308f\u308c\u3066\u304d\u305f\u91d1\u878d\u7de9\u548c\u3092\u64a4\u56de\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308a\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u5148\u305a\u305d\u306e\u91d1\u878d\u7de9\u548c\u306b\u8a00\u53ca\u3057\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u5927\u898f\u6a21\u306a\u91d1\u878d\u7de9\u548c\u304c\u884c\u308f\u308c\u3001\u6cd5\u4eba\u6e1b\u7a0e\u3082\u884c\u308f\u308c\u3001\u3042\u3089\u3086\u308b\u666f\u6c17\u523a\u6fc0\u304c\u884c\u308f\u308c\u305f\u7d50\u679c\u3001\u308f\u308c\u308f\u308c\u306f\u4eca\u30d3\u30b8\u30cd\u30b9\u30b5\u30a4\u30af\u30eb\u306e\u5f8c\u671f\u306b\u3044\u308b\u3002\u3064\u307e\u308a\u3001\u8cc7\u7523\u4fa1\u683c\u306f\u65e2\u306b\u9650\u754c\u307e\u3067\u597d\u6750\u6599\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u4ee5\u964d\u3001\u5e02\u5834\u3092\u62bc\u3057\u4e0a\u3052\u3066\u304d\u305f\u3082\u306e\u304c\u4f55\u3067\u3042\u3063\u305f\u304b\u3092\u601d\u3044\u51fa\u3057\u3066\u307b\u3057\u3044\u3002\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u3067\u682a\u3092\u8cb7\u3063\u305f\u8aad\u8005\u304c\u5c45\u308b\u3068\u3059\u308c\u3070\u3001\u305d\u306e\u7406\u7531\u306f\u4f55\u3060\u3063\u305f\u304b\uff1f\u3000\u305d\u3057\u3066\u4eca\u3001\u682a\u5f0f\u5e02\u5834\u306f\u5f53\u6642\u307b\u3069\u9b45\u529b\u7684\u3060\u308d\u3046\u304b\uff1f\u3000\u6c7a\u3057\u3066\u305d\u3046\u3067\u306f\u306a\u3044\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u660e\u3089\u304b\u306a\u9b45\u529b\u306e\u5909\u5316\u306b\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u304c\u6c17\u4ed8\u3044\u3066\u304a\u3089\u305a\u3001\u672a\u3060\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u30c0\u30ea\u30aa\u6c0f\u306e\u8a00\u3046\u901a\u308a\u30012008\u5e74\u304b\u308910\u5e74\u9593\u76f8\u5834\u3092\u62bc\u3057\u4e0a\u3052\u3066\u304d\u305f\u306e\u306f\u91d1\u878d\u7de9\u548c\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u7de9\u548c\u306f\u65e2\u306b\u505c\u6b62\u3055\u308c\u3001\u5f15\u304d\u7de0\u3081\u304c\u884c\u308f\u308c\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u7c73\u56fd\u682a\u306f\u672a\u3060\u5e02\u5834\u6700\u9ad8\u5024\u304b\u3089\u305d\u308c\u307b\u3069\u96e2\u308c\u3066\u3044\u306a\u3044\u3002\u30c1\u30e3\u30fc\u30c8\u3092\u5f15\u7528\u3057\u3088\u3046\u3002<\/p>\n<p><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/11\/2018-11-16-s-and-p-500-long-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8006\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/11\/2018-11-16-s-and-p-500-long-term-chart.png\" alt=\"\" width=\"604\" height=\"371\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/11\/2018-11-16-s-and-p-500-long-term-chart.png 604w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2018\/11\/2018-11-16-s-and-p-500-long-term-chart-300x184.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/a><\/p>\n<p>\u682a\u4fa1\u3092\u3053\u3053\u307e\u3067\u62bc\u3057\u4e0a\u3052\u3066\u304d\u305f\u91d1\u878d\u7de9\u548c\u304c\u5f15\u304d\u7de0\u3081\u306b\u8ee2\u63db\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u304c\u91cd\u8981\u306a\u306e\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306b\u6c17\u4ed8\u3044\u3066\u3044\u308b\u5e02\u5834\u53c2\u52a0\u8005\u306f\u4eca\u306a\u304a\u5c11\u6570\u6d3e\u3060\u308d\u3046\u3002<\/p>\n<p>\u6c17\u4ed8\u3044\u3066\u3044\u306a\u3044\u5074\u306b\u306f\u3001\u4f8b\u3048\u3070Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3082\u542b\u307e\u308c\u308b\u3002\u5f7c\u306f\u4eca\u3067\u3082\u597d\u8abf\u306a\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3092\u7406\u7531\u306b\u5229\u4e0a\u3052\u3092\u7d99\u7d9a\u3057\u3066\u3044\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306fFed\u306e\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>Fed\u306f\u4eca\u5e74\u306b1\u56de\u3001\u6765\u5e74\u306b2\u56de\u304b3\u56de\u306e\u5229\u4e0a\u3052\u3092\u4e88\u5b9a\u3057\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u8cc7\u7523\u4fa1\u683c\u306b\u306f\u554f\u984c\u3068\u306a\u308a\u3001\u91d1\u5229\u306f\u65e2\u306b\u8cc7\u7523\u4fa1\u683c\u3092\u6bc0\u640d\u3059\u308b\u30ec\u30d9\u30eb\u306b\u307e\u3067\u4e0a\u304c\u3063\u3066\u3057\u307e\u3063\u3066\u3044\u308b\u3002\u3060\u304b\u3089\u500b\u4eba\u7684\u306b\u306f\u3001\u4e88\u5b9a\u3055\u308c\u3066\u3044\u308b\u5229\u4e0a\u3052\u306f\u4e0d\u53ef\u80fd\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3002<\/p><\/blockquote>\n<p>\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070\u682a\u4fa1\u306f\u4e0b\u304c\u308b\u3002\u6295\u8cc7\u5bb6\u304c\u30ea\u30b9\u30af\u3092\u53d6\u3063\u3066\u682a\u5f0f\u3092\u8cb7\u3046\u3088\u308a\u3082\u91d1\u5229\u306e\u4e0a\u304c\u3063\u305f\u56fd\u50b5\u3084\u793e\u50b5\u306b\u6295\u8cc7\u3092\u3059\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u305d\u308c\u304c\u73fe\u5b9f\u306b\u682a\u5f0f\u5e02\u5834\u3092\u5727\u8feb\u3057\u3001\u4e16\u754c\u540c\u6642\u682a\u5b89\u304c\u8d77\u3053\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0<\/a><\/li>\n<\/ul>\n<p>\u4e00\u65b9\u3067\u3001\u4e00\u90e8\u306b\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u597d\u8abf\u3092\u7406\u7531\u306b\u5229\u4e0a\u3052\u3059\u3079\u304d\u3060\u3068\u3044\u3046\u8b70\u8ad6\u3082\u3042\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u306f\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n<blockquote><p>\u73fe\u72b6\u3067\u306fFed\u306f\u5b9f\u4f53\u7d4c\u6e08\u3088\u308a\u3082\u8cc7\u7523\u4fa1\u683c\u3092\u6ce8\u8996\u3059\u3079\u304d\u72b6\u6cc1\u306b\u3042\u308b\u3002Fed\u306b\u3068\u3063\u3066\u306f\u96e3\u3057\u3044\u72b6\u6cc1\u306b\u3042\u308b\u3002\u6cd5\u4eba\u6e1b\u7a0e\u306a\u3069\u306e\u666f\u6c17\u523a\u6fc0\u7b56\u304c\u5b9f\u4f53\u7d4c\u6e08\u3092\u62bc\u3057\u4e0a\u3052\u3001\u305d\u308c\u3067Fed\u306f\u5229\u4e0a\u3052\u3092\u8feb\u3089\u308c\u3066\u3044\u308b\u3002\u3057\u304b\u3057\u305d\u306e\u5229\u4e0a\u3052\u306f\u6050\u3089\u304f\u904e\u5270\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n<p>\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u3082\u3001\u7b46\u8005\u304c\u5148\u6708\u793a\u3057\u305f\u898b\u89e3\u3068\u5168\u304f\u540c\u3058\u3067\u3042\u308b\u3002\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u66f8\u3044\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7978\">\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u597d\u666f\u6c17\u304c\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u539f\u56e0\u3068\u306a\u308b<\/a><\/li>\n<\/ul>\n<blockquote><p>\u91d1\u878d\u653f\u7b56\u306f\u901a\u5e38\u3001\u5b9f\u4f53\u7d4c\u6e08\u3092\u51b7\u3084\u3059\u3088\u308a\u3082\u5148\u306b\u91d1\u878d\u5e02\u5834\u3092\u51b7\u3084\u3057\u3066\u3057\u307e\u3046\u3002\u3060\u304b\u3089\u4e2d\u592e\u9280\u884c\u304c\u300c\u7d4c\u6e08\u304c\u6e1b\u901f\u3057\u306a\u3044\u9650\u308a\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u7d99\u7d9a\u3059\u308b\u300d\u3068\u3044\u3046\u59ff\u52e2\u3092\u793a\u3057\u7d9a\u3051\u308b\u9650\u308a\u3001\u3069\u3046\u3042\u3063\u3066\u3082\u91d1\u878d\u5e02\u5834\u306e\u66b4\u843d\u304c\u5148\u306b\u8d77\u304d\u3066\u3057\u307e\u3046\u306e\u3067\u3042\u308b\u3002<\/p><\/blockquote>\n<p>\u30c0\u30ea\u30aa\u6c0f\u306b\u8a71\u3092\u623b\u305d\u3046\u3002\u5229\u4e0a\u3052\u306b\u3064\u3044\u3066\u30c0\u30ea\u30aa\u6c0f\u306f\u3001\u3082\u3057\u81ea\u8eab\u304cFed\u306e\u8b70\u9577\u306a\u3089\u3070\u3001\u5229\u4e0a\u3052\u3092\u63a8\u3057\u9032\u3081\u308b\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u3088\u308a\u3082\u3001\u5229\u4e0a\u3052\u306e\u624b\u3092\u7de9\u3081\u308b\u3079\u304d\u3060\u3068\u4e3b\u5f35\u3059\u308b\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306e\u65b9\u306b\u540c\u610f\u3092\u3059\u308b\u304b\u3068\u53f8\u4f1a\u8005\u306b\u805e\u304b\u308c\u3001\u30a4\u30a8\u30b9\u3060\u3068\u7b54\u3048\u3066\u3044\u308b\u3002<\/p>\n<p>\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u3001Fed\u306e\u5229\u4e0a\u3052\u304c\u904e\u5270\u3060\u3068\u3057\u3066Fed\u3092\u975e\u96e3\u3057\u3066\u3044\u305f\u3002\u682a\u4fa1\u304c\u652f\u6301\u7387\u306b\u7e4b\u304c\u308b\u5927\u7d71\u9818\u3068\u3057\u3066\u306f\u6b7b\u6d3b\u554f\u984c\u3060\u308d\u3046\u3002\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u306f\u30c8\u30e9\u30f3\u30d7\u6c0f\u306e\u91d1\u5229\u306b\u95a2\u3059\u308b\u898b\u89e3\u304c\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u3082\u306e\u3068\u540c\u3058\u3067\u3042\u308b\u3053\u3068\u3092\u6307\u6458\u3057\u305f\u304c\u3001\u30c0\u30ea\u30aa\u6c0f\u3082\u3084\u306f\u308a\u5229\u4e0a\u3052\u306b\u95a2\u3057\u3066\u540c\u3058\u610f\u898b\u306e\u3088\u3046\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7940\">\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u6a5f\u95a2\u6295\u8cc7\u5bb6\u304b\u3089\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u4e88\u5831\u3092\u53d7\u3051\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n<p>\u4e00\u65b9\u3067\u3001\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u3068\u3068\u3082\u306b\u30dd\u30f3\u30c9\u5371\u6a5f\u306b\u304a\u3051\u308b\u30dd\u30f3\u30c9\u7a7a\u58f2\u308a\u3092\u3057\u3066\u6709\u540d\u306b\u306a\u3063\u305f\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306f\u3001\u91d1\u878d\u5f15\u304d\u7de0\u3081\u304c\u5e02\u5834\u3092\u4e0b\u843d\u3055\u305b\u308b\u3053\u3068\u3092\u8a8d\u3081\u305f\u4e0a\u3067\u3001\u305d\u308c\u3067\u3082\u5229\u4e0a\u3052\u3092\u884c\u3046\u3079\u304d\u3060\u3068\u4e3b\u5f35\u3057\u3066\u3044\u308b\u3002\u30d0\u30d6\u30eb\u306f\u65e9\u304f\u6f70\u3057\u3066\u3057\u307e\u3046\u3079\u304d\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u5f7c\u306e\u8a71\u306f\u8208\u5473\u6df1\u3044\u306e\u3067\u3001\u672a\u8aad\u306e\u8aad\u8005\u306f\u662f\u975e\u8aad\u3093\u3067\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7947\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u7c73\u56fd\u682a\u7a7a\u58f2\u308a\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n<p><strong>\u30c0\u30ea\u30aa\u6c0f\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa<\/strong><\/p>\n<p>\u3055\u3066\u3001\u3067\u306f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u5371\u967a\u6027\u3092\u8a8d\u8b58\u3057\u305f\u4e0a\u3067\u30c0\u30ea\u30aa\u6c0f\u306f\u3069\u3046\u3044\u3046\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u53d6\u3063\u3066\u3044\u308b\u306e\u304b\uff1f\u3000\u53f8\u4f1a\u8005\u306b\u300c\u7a7a\u58f2\u308a\u3092\u3057\u3066\u3044\u308b\u8457\u540d\u6295\u8cc7\u5bb6\u3082\u5c45\u308b\u304c\u3001\u3069\u3046\u601d\u3046\u304b\u300d\u3068\u805e\u304b\u308c\u3001\u8e8a\u8e87\u3063\u305f\u4e0a\u3067\u614e\u91cd\u306b\u8a00\u8449\u3092\u9078\u3093\u3067\u6b21\u306e\u3088\u3046\u306b\u7b54\u3048\u305f\u3002<\/p>\n<blockquote><p>\u308f\u308c\u308f\u308c\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3064\u3044\u3066\u8a71\u3059\u3064\u3082\u308a\u306f\u306a\u3044\u304c\u3001\uff08\u9577\u3044\u6c88\u9ed9\u306e\u5f8c\uff09\u5c11\u306a\u304f\u3068\u3082\u4e0a\u65b9\u5411\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u3042\u307e\u308a\u898b\u8fbc\u307f\u304c\u306a\u3044\u3057\u3001\u305d\u3061\u3089\u306b\u8ced\u3051\u308b\u306e\u306f\u30ea\u30b9\u30af\u306b\u898b\u5408\u3063\u3066\u3044\u306a\u3044\u3002<\/p><\/blockquote>\n<p>\u6050\u3089\u304f\u306f\u300c\u7a7a\u58f2\u308a\u3092\u3057\u3066\u3044\u308b\u300d\u3068\u306f\u8a00\u3044\u305f\u304f\u306a\u304b\u3063\u305f\u306e\u3060\u308d\u3046\u3002\u3053\u3046\u3044\u3046\u7b54\u3048\u65b9\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n<p>\u56e0\u307f\u306b\u3001\u5c11\u3057\u524d\u306b\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u7c73\u56fd\u682a\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u958b\u793a\u3059\u308bForm 13F\u304c\u516c\u958b\u3055\u308c\u305f\u304c\u3001Bridgewater\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306f\u524d\u56de\u304b\u3089\u307b\u3068\u3093\u3069\u52d5\u3044\u3066\u3044\u306a\u3044\u3002\u4f55\u6545\u52d5\u3044\u3066\u3044\u306a\u3044\u304b\u3068\u8a00\u3048\u3070\u3001Form 13F\u3067\u516c\u958b\u3055\u308c\u308b\u306e\u306f\u300c\u8cb7\u3044\u300d\u30dd\u30b8\u30b7\u30e7\u30f3\u3060\u3051\u3060\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n<p>\u540c\u3058\u3088\u3046\u306b\u3001\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306eSoros Fund Management\u3082\u76ee\u7acb\u3063\u305f\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u7121\u3044\u3069\u3053\u308d\u304b\u3001\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u7dcf\u984d\u81ea\u4f53\u304c\u304b\u306a\u308a\u6e1b\u5c11\u3057\u3066\u3044\u308b\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u60c5\u5831\u304c\u4f55\u3092\u610f\u5473\u3057\u3066\u3044\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u6050\u3089\u304f\u306f\u7a7a\u58f2\u308a\u3084\u5148\u7269\u306a\u3069\u3001\u682a\u5f0f\u306e\u8cb7\u3044\u4ee5\u5916\u306e\u5206\u91ce\u3067\u52d5\u3044\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u516c\u958b\u3059\u308bForm 13F\u306e\u9591\u6563\u3055\u304c\u4e0d\u6c17\u5473\u3060\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u524d\u3005\u304b\u3089\u8a00\u53ca\u3057\u3066\u3044\u308b\u3002\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u4f55\u304c\u8d77\u3053\u3063\u3066\u3044\u308b\u306e\u304b\u306b\u6c17\u4ed8\u3044\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n<p>\u4ed6\u306e\u8457\u540d\u6295\u8cc7\u5bb6\u306e\u898b\u89e3\u3082\u3001\u6982\u306d\u4e00\u81f4\u3057\u3066\u3044\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7947\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u7c73\u56fd\u682a\u7a7a\u58f2\u308a\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u4e88\u60f3<\/a><\/li>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7837\">\u30ed\u30b9\u30c1\u30e3\u30a4\u30eb\u30c9\u537f: \u4eca\u306f\u30ea\u30b9\u30af\u3092\u53d6\u308b\u6642\u3067\u306f\u306a\u3044\u3001\u682a\u4fa1\u306f\u91cf\u7684\u7de9\u548c\u3067\u5e95\u4e0a\u3052\u3055\u308c\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n<p>\u3057\u304b\u3057\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u610f\u898b\u3092\u7d39\u4ecb\u3057\u305f\u3068\u3053\u308d\u3067\u3001\u7d50\u5c40\u306f\u308f\u305f\u3057\u304c\u524d\u3005\u304b\u3089\u8ff0\u3079\u3066\u3044\u305f\u3082\u306e\u3092\u7e70\u308a\u8fd4\u3059\u306b\u904e\u304e\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7959\">\u4e16\u754c\u540c\u6642\u682a\u5b89\u3092\u4e88\u60f3\u3067\u304d\u305f\u7406\u7531\u3068\u682a\u4fa1\u4e0b\u843d\u306e\u539f\u56e0<\/a><\/li>\n<\/ul>\n<p>\u4eca\u5f8c\u3082\u4e16\u754c\u6700\u9ad8\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u6c34\u6e96\u306e\u60c5\u5831\u3092\u6de1\u3005\u3068\u8a18\u4e8b\u306b\u3057\u3066\u3086\u304f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e16\u754c\u540c\u6642\u682a\u5b89\u304c\u9032\u884c\u3059\u308b\u4e2d\u3001\u4e16\u754c\u6700\u9ad8\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u3092\u904b\u7528\u3059\u308b\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304cCNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\uff08\u539f\u6587\u82f1\u8a9e\uff09\u3067\u81ea\u8eab\u306e\u76f8\u5834\u89b3\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002 \u305f\u3060\u3001\u5f7c\u306e\u767a\u8a00\u306f\u300110\u6708\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8005\" 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: \u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u539f\u56e0\u306f\u7c73\u56fd\u5229\u4e0a\u3052<\/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],"tags":[102],"class_list":["post-8005","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/8005","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=8005"}],"version-history":[{"count":13,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/8005\/revisions"}],"predecessor-version":[{"id":8019,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/8005\/revisions\/8019"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=8005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=8005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=8005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}