{"id":9386,"date":"2020-03-24T17:43:50","date_gmt":"2020-03-24T08:43:50","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=9386"},"modified":"2020-03-24T17:43:50","modified_gmt":"2020-03-24T08:43:50","slug":"%e6%96%b0%e5%9e%8b%e3%82%b3%e3%83%ad%e3%83%8a%e6%a0%aa%e5%ae%89%e5%8b%95%e5%90%91%e4%ba%88%e6%83%b3-%e6%b5%81%e8%a1%8c%e6%b8%9b%e9%80%9f%e3%81%a7%e6%a0%aa%e5%bc%8f%e5%b8%82%e5%a0%b4%e3%81%af%e4%b8%8a","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9386","title":{"rendered":"\u65b0\u578b\u30b3\u30ed\u30ca\u682a\u5b89\u52d5\u5411\u4e88\u60f3: 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href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9343\">\u65b0\u578b\u30b3\u30ed\u30ca\u3001\u7c73\u56fd\u306e\u611f\u67d3\u8005\u6570\u6025\u5897\u6b62\u307e\u3089\u305a\u3000\u30e8\u30fc\u30ed\u30c3\u30d1\u306f\u30d4\u30fc\u30af\u8fd1\u3057<\/a><\/li><\/ul>\n\n\n\n<p>\u65b0\u578b\u30a6\u30a3\u30eb\u30b9\u306e\u6d41\u884c\u304c\u30d4\u30fc\u30af\u306b\u9054\u3059\u308c\u3070\u682a\u4fa1\u306e\u4e0b\u843d\u3082\u6b62\u307e\u308b\u3060\u308d\u3046\u304b\u3068\u3044\u3046\u306e\u304c\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u6700\u5927\u306e\u554f\u984c\u3067\u3042\u308b\u3002\u3053\u308c\u306f\u96e3\u3057\u3044\u554f\u984c\u3060\u304c\u3001\u3053\u3046\u3057\u305f\u554f\u984c\u3092\u8003\u3048\u308b\u6700\u9069\u306e\u65b9\u6cd5\u306f\u6050\u3089\u304f\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u518d\u5e30\u7406\u8ad6\u3060\u308d\u3046\u3002\u4eca\u56de\u306e\u8a18\u4e8b\u3067\u306f\u5f7c\u306e\u518d\u5e30\u7406\u8ad6\u3092\u4f7f\u3063\u3066\u682a\u5b89\u306e\u4eca\u5f8c\u306e\u52d5\u5411\u3092\u4e88\u60f3\u3057\u3066\u307f\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306e\u518d\u5e30\u7406\u8ad6<\/strong><\/p>\n\n\n\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u306f\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3068\u3057\u3066\u3082\u3063\u3068\u3082\u8457\u540d\u306a\u4eba\u7269\u3067\u3042\u308a\u3001\u73fe\u4ee3\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e\u5f62\u614b\u306f\u5f7c\u306e\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u5143\u578b\u3068\u3057\u3066\u3044\u308b\u3002\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u4f7f\u3063\u3066\u8cb7\u3044\u3068\u7a7a\u58f2\u308a\u306e\u4e21\u65b9\u3092\u884c\u3044\u3001\u81ea\u5206\u3068\u9867\u5ba2\u306e\u8cc7\u7523\u3092\u904b\u7528\u3059\u308b\u5f62\u614b\u3068\u3044\u3046\u306e\u306f\u5f53\u6642\u306f\u5f7c\u306e\u30d5\u30a1\u30f3\u30c9\u3060\u3051\u3060\u3063\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u30bd\u30ed\u30b9\u6c0f\u304c\u81ea\u5206\u306e\u6295\u8cc7\u7406\u8ad6\u3092\u8aac\u660e\u3057\u305f\u300e<a rel=\"noreferrer noopener\" aria-label=\"\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853 (opens in a new tab)\" href=\"https:\/\/amzn.to\/2wwUEql\" target=\"_blank\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u3068\u3044\u3046\u672c\u304c\u3042\u308a\u3001\u305d\u3053\u3067\u306f\u5f7c\u304c\u30d0\u30d6\u30eb\u306e\u767a\u751f\u3068\u5d29\u58ca\u3092\u4e88\u6e2c\u3059\u308b\u306e\u306b\u4f7f\u3063\u3066\u3044\u308b\u518d\u5e30\u7406\u8ad6\u3068\u3044\u3046\u7406\u8ad6\u304c\u8aac\u660e\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u518d\u5e30\u7406\u8ad6\u3068\u306f\u76f8\u5834\u306b\u304a\u3051\u308b\u30c8\u30ec\u30f3\u30c9\u3068\u30c8\u30ec\u30f3\u30c9\u304c\u4e92\u3044\u306b\u5f37\u5316\u3057\u3042\u3046\u3053\u3068\u3088\u3063\u3066\u30d0\u30d6\u30eb\u304c\u767a\u751f\u3057\u3001\u307e\u305f\u30d0\u30d6\u30eb\u306e\u5d29\u58ca\u3082\u540c\u3058\u3088\u3046\u306b\u30c8\u30ec\u30f3\u30c9\u540c\u58eb\u306e\u81ea\u5df1\u5f37\u5316\u30d7\u30ed\u30bb\u30b9\u306b\u3088\u3063\u3066\u767a\u751f\u3059\u308b\u3068\u3044\u3046\u7406\u8ad6\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u518d\u5e30\u7406\u8ad6\u3092\u7528\u3044\u308c\u3070\u3001\u6b62\u3081\u308b\u3053\u3068\u306e\u3067\u304d\u308b\u30d0\u30d6\u30eb\u5d29\u58ca\u3068\u6b62\u3081\u308b\u3053\u3068\u306e\u3067\u304d\u306a\u3044\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u898b\u5206\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u305d\u3057\u3066\u4eca\u56de\u306e\u65b0\u578b\u30b3\u30ed\u30ca\u682a\u5b89\u306f\u6050\u3089\u304f\u524d\u8005\u3067\u3042\u308b\u3002\u4eca\u56de\u306e\u8a18\u4e8b\u306f\u9577\u304f\u306a\u308b\u304c\u3001\u307e\u305a\u306f\u3053\u306e2\u3064\u306e\u7a2e\u985e\u306e\u30d0\u30d6\u30eb\u306b\u3064\u3044\u3066\u5b9f\u4f8b\u3092\u3082\u3063\u3066\u8aac\u660e\u3057\u3066\u307f\u305f\u3044\u3002<\/p>\n\n\n\n<p><strong>\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u5371\u6a5f\u306e\u5834\u5408<\/strong><\/p>\n\n\n\n<p>\u6b62\u3081\u3089\u308c\u306a\u304b\u3063\u305f\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u6700\u8fd1\u306e\u4f8b\u306f2008\u5e74\u306e\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u5371\u6a5f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/4442\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306b\u304a\u3051\u308b\u7c73\u56fd\u682a\u3001\u653f\u7b56\u91d1\u5229\u3001\u4f4f\u5b85\u4fa1\u683c\u306e\u63a8\u79fb<\/a><\/li><\/ul>\n\n\n\n<p>\u5f53\u6642\u306e\u5e02\u5834\u306f\u4f4e\u91d1\u5229\u306b\u3088\u3063\u3066\u682a\u5f0f\u5e02\u5834\u3082\u4e0d\u52d5\u7523\u5e02\u5834\u3082\u597d\u8abf\u3060\u3063\u305f\u3002\u7279\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u4f4f\u5b85\u5e02\u5834\u306f\u30ed\u30fc\u30f3\u91d1\u5229\u304c\u4e0b\u304c\u3063\u305f\u3053\u3068\u3067\u8ab0\u3082\u304c\u5bb6\u3092\u6301\u3061\u305f\u304c\u308a\u3001\u4f4f\u5b85\u4fa1\u683c\u306f\u53f3\u80a9\u4e0a\u304c\u308a\u3068\u306a\u3063\u3066\u3044\u305f\u3002\u3064\u307e\u308a\u306f\u3053\u3046\u3044\u3046\u72b6\u6cc1\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4f4e\u4e0b -> \u4f4f\u5b85\u4fa1\u683c\u4e0a\u6607<\/li><\/ul>\n\n\n\n<p>\u4f4f\u5b85\u4fa1\u683c\u304c\u5e38\u306b\u4e0a\u6607\u3059\u308b\u305f\u3081\u3001\u30ed\u30fc\u30f3\u3092\u501f\u308a\u3066\u4f4f\u5b85\u3092\u8cb7\u3063\u305f\u4eba\u3082\u8cb7\u3063\u305f\u5bb6\u3092\u9ad8\u5024\u3067\u58f2\u308c\u3070\u697d\u3005\u30ed\u30fc\u30f3\u3092\u8fd4\u305b\u308b\u72b6\u6cc1\u306b\u3042\u3063\u305f\u3002\u3053\u3046\u3044\u3046\u72b6\u6cc1\u3092\u53d7\u3051\u3001\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u50b5\u6a29\u3092\u8a3c\u5238\u5316\u3057\u305f\u30e2\u30fc\u30b2\u30fc\u30b8\u50b5\u306f\u9ad8\u9a30\u3001\u91d1\u5229\u306f\u4f4e\u4e0b\u3057\u3066\u3044\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u30e2\u30fc\u30b2\u30fc\u30b8\u50b5\u306e\u4e2d\u3067\u3082\u4fe1\u7528\u306e\u4f4e\u3044\u30ed\u30fc\u30f3\u3092\u96c6\u3081\u305f\u3082\u306e\u306f\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u3068\u547c\u3070\u308c\u305f\u304c\u3001\u4fe1\u7528\u306e\u4f4e\u3044\u501f\u308a\u624b\u3082\u4fa1\u683c\u306e\u4e0a\u6607\u3057\u305f\u4f4f\u5b85\u3092\u9ad8\u5024\u3067\u58f2\u308c\u3070\u30ed\u30fc\u30f3\u3092\u8fd4\u305b\u308b\u72b6\u6cc1\u306b\u3042\u3063\u305f\u305f\u3081\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306e\u91d1\u5229\u306f\u4f4e\u4e0b\u3057\u305f\u3002\u4f4e\u4e0b\u3057\u305f\u30ed\u30fc\u30f3\u91d1\u5229\u304c\u66f4\u306a\u308b\u4f4f\u5b85\u8cfc\u5165\u3092\u547c\u3093\u3060\u305f\u3081\u3001\u3053\u306e\u30c8\u30ec\u30f3\u30c9\u306f\u81ea\u5df1\u5f37\u5316\u7684\u306a\u30c8\u30ec\u30f3\u30c9\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4f4e\u4e0b -> \u4f4f\u5b85\u4fa1\u683c\u4e0a\u6607 -> \u91d1\u5229\u4f4e\u4e0b<\/li><\/ul>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u81ea\u5df1\u5f37\u5316\u7684\u306a\u30c8\u30ec\u30f3\u30c9\u306e\u3053\u3068\u3092\u518d\u5e30\u7406\u8ad6\u3067\u306f\u518d\u5e30\u7684\u3068\u547c\u3076\u3002\u3053\u306e\u3088\u3046\u306a\u518d\u5e30\u7684\u306a\u30c8\u30ec\u30f3\u30c9\u306f\u6b62\u3081\u308b\u3082\u306e\u304c\u306a\u3051\u308c\u3070\u969b\u9650\u306a\u304f\u4e92\u3044\u3092\u5f37\u5316\u3057\u5408\u3044\u3001\u884c\u304d\u7740\u304f\u3068\u3053\u308d\u307e\u3067\u884c\u3063\u3066\u3057\u307e\u3046\u3002\u305d\u308c\u304c\u30bd\u30ed\u30b9\u6c0f\u306e\u518d\u5e30\u7406\u8ad6\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u9577\u5f15\u304f\u4f4e\u91d1\u5229\u306b\u3088\u308a\u7d4c\u6e08\u304c\u904e\u71b1\u3057\u3066\u3044\u3063\u305f\u3053\u3068\u3067\u4e2d\u592e\u9280\u884c\u306f\u91d1\u5229\u3092\u4e0a\u3052\u3066\u3044\u3063\u305f\u3002\u30d0\u30d6\u30eb\u72b6\u614b\u3068\u306a\u3063\u3066\u3044\u305f\u4f4f\u5b85\u5e02\u5834\u306f\u91d1\u5229\u4e0a\u6607\u306b\u654f\u611f\u306b\u53cd\u5fdc\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4e0a\u6607 -> \u4f4f\u5b85\u4fa1\u683c\u4e0b\u843d<\/li><\/ul>\n\n\n\n<p>\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u59cb\u3081\u308b\u3068\u3001\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306e\u554f\u984c\u304c\u660e\u308b\u307f\u306b\u51fa\u59cb\u3081\u305f\u3002\u5b89\u5fc3\u5b89\u5168\u3068\u601d\u308f\u308c\u3066\u3044\u305f\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u304c\u30c7\u30d5\u30a9\u30eb\u30c8\u3057\u59cb\u3081\u305f\u305f\u3081\u3001\u4f4e\u4e0b\u3057\u3066\u3044\u305f\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306e\u91d1\u5229\u306f\u672c\u6765\u306e\u9069\u6b63\u306a\u91d1\u5229\u306b\u623b\u308a\u59cb\u3081\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4e0a\u6607 -> \u4f4f\u5b85\u4fa1\u683c\u4e0b\u843d -> \u91d1\u5229\u4e0a\u6607<\/li><\/ul>\n\n\n\n<p>\u3059\u308b\u3068\u4f4e\u91d1\u5229\u3067\u4f4f\u5b85\u30ed\u30fc\u30f3\u304c\u501f\u308a\u3089\u308c\u306a\u304f\u306a\u308a\u3001\u4f4f\u5b85\u306e\u8cfc\u5165\u8005\u304c\u6e1b\u3063\u3066\u4f4f\u5b85\u4fa1\u683c\u306f\u307e\u3059\u307e\u3059\u4e0b\u843d\u3057\u305f\u3002\u4eca\u5ea6\u306f\u9006\u65b9\u5411\u306e\u518d\u5e30\u7684\u306a\u81ea\u5df1\u5f37\u5316\u30c8\u30ec\u30f3\u30c9\u3067\u3042\u308b\u3002\u91d1\u5229\u304c\u4e0a\u304c\u308b\u307b\u3069\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u3001\u4f4f\u5b85\u4fa1\u683c\u304c\u4e0b\u304c\u308b\u307b\u3069\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u7279\u306b\u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u306e\u4e0b\u843d\u306f\u624b\u306e\u4ed8\u3051\u3089\u308c\u306a\u3044\u3082\u306e\u3068\u306a\u308a\u3001\u305d\u308c\u3092\u5143\u306b\u3057\u3066\u4f5c\u3089\u308c\u305f\u91d1\u878d\u6d3e\u751f\u5546\u54c1\u3092\u5927\u91cf\u306b\u4fdd\u6709\u3057\u3066\u3044\u305f\u4e16\u754c\u4e2d\u306e\u9280\u884c\u304c\u7834\u7dbb\u3057\u59cb\u3081\u3001\u305d\u3053\u304b\u3089\u4e16\u754c\u7684\u306a\u666f\u6c17\u5f8c\u9000\u3068\u7e4b\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u4f4f\u5b85\u4fa1\u683c\u4e0b\u843d -> \u30b5\u30d6\u30d7\u30e9\u30a4\u30e0\u30ed\u30fc\u30f3\u4e0b\u843d -> \u9280\u884c\u7834\u7dbb -> \u666f\u6c17\u5f8c\u9000<\/li><\/ul>\n\n\n\n<p>\u5f53\u6642\u3001\u4e2d\u592e\u9280\u884c\u306f\u5229\u4e0b\u3052\u3092\u884c\u3063\u305f\u304c\u3001\u3053\u306e\u72b6\u6cc1\u3092\u6b62\u3081\u308b\u3053\u3068\u304c\u51fa\u6765\u306a\u304b\u3063\u305f\u3002\u4f4e\u91d1\u5229\u304c\u4f4f\u5b85\u4fa1\u683c\u4e0b\u843d\u306b\u52b9\u304b\u306a\u304b\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4f4e\u4e0b -> \u4f4f\u5b85\u4fa1\u683c\u4e0b\u843d\u3092\u6b62\u3081\u3089\u308c\u305a<\/li><\/ul>\n\n\n\n<p>\u305d\u308c\u306f\u5229\u4e0b\u3052\u304c\u4f4f\u5b85\u5e02\u5834\u306b\u4f5c\u7528\u3059\u308b\u307e\u3067\u306b\u30bf\u30a4\u30e0\u30e9\u30b0\u304c\u3042\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u50b5\u5238\u5e02\u5834\u3084\u682a\u5f0f\u5e02\u5834\u3067\u3042\u308c\u3070\u91d1\u878d\u653f\u7b56\u306b\u3059\u3050\u306b\u53cd\u5fdc\u3059\u308b\u3060\u308d\u3046\u3002\u3057\u304b\u3057\u5229\u4e0b\u3052\u306f\u307e\u305a\u9577\u671f\u91d1\u5229\u3092\u4f4e\u4e0b\u3055\u305b\u3001\u4f4e\u4e0b\u3057\u305f\u9577\u671f\u91d1\u5229\u304c\u4f4f\u5b85\u30ed\u30fc\u30f3\u91d1\u5229\u3092\u4f4e\u4e0b\u3055\u305b\u308b\u3002\u305d\u3046\u3057\u3066\u6d88\u8cbb\u8005\u304c\u5bb6\u3092\u8cb7\u3046\u3053\u3068\u3092\u8003\u3048\u3066\u521d\u3081\u3066\u5229\u4e0b\u3052\u306e\u52b9\u679c\u304c\u8868\u308c\u308b\u3053\u3068\u3068\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u306b\u306f\u4f4e\u91d1\u5229\u306e\u52b9\u679c\u304c\u5b9f\u4f53\u7d4c\u6e08\u306b\u51fa\u59cb\u3081\u308b\u307e\u3067\u306b\u306f3\u30f6\u6708\u307b\u3069\u304b\u304b\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3057\u304b\u3057\u66b4\u843d\u3059\u308b\u4f4f\u5b85\u5e02\u5834\u306f3\u30f6\u6708\u3082\u3042\u308c\u3070\u5024\u3092\u5927\u304d\u304f\u4e0b\u3052\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u30012008\u5e74\u306e\u91d1\u878d\u5371\u6a5f\u306f\u4f4f\u5b85\u5e02\u5834\u3068\u3044\u3046\u5b9f\u7269\u8cc7\u7523\u306e\u5e02\u5834\u3067\u30d0\u30d6\u30eb\u304c\u9032\u3093\u3060\u305f\u3081\u306b\u5373\u52b9\u6027\u306e\u3042\u308b\u5bfe\u7b56\u3092\u6253\u3064\u3053\u3068\u304c\u51fa\u6765\u305a\u306b\u8d77\u3053\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u4e0b\u843d\u306e\u539f\u56e0\u3068\u306a\u3063\u3066\u3044\u308b\u30c8\u30ec\u30f3\u30c9\u304c\u6b62\u3081\u3089\u308c\u306a\u3044\u3082\u306e\u3067\u3042\u308b\u5834\u5408\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u3082\u6b62\u3081\u3089\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u30022008\u5e74\u306e\u4f8b\u3067\u306f\u4ee5\u4e0b\u306e\u30c8\u30ec\u30f3\u30c9\u3092\u6b62\u3081\u3089\u308c\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u4f4f\u5b85\u4fa1\u683c\u4e0b\u843d -> \u30e2\u30fc\u30b2\u30fc\u30b8\u50b5\u4e0b\u843d -> \u9280\u884c\u7834\u7dbb -> \u666f\u6c17\u5f8c\u9000<\/li><\/ul>\n\n\n\n<p><strong>2018\u5e74\u4e16\u754c\u540c\u6642\u682a\u5b89\u306e\u5834\u5408<\/strong><\/p>\n\n\n\n<p>\u3067\u306f\u6b21\u306f\u9006\u306b\u30d0\u30d6\u30eb\u5d29\u58ca\u3092\u6b62\u3081\u3089\u308c\u305f\u4f8b\u3092\u540c\u3058\u3088\u3046\u306b\u518d\u5e30\u7406\u8ad6\u306b\u3088\u3063\u3066\u898b\u3066\u3086\u304d\u305f\u3044\u30022018\u5e74\u306e\u4e16\u754c\u540c\u6642\u682a\u5b89\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><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 (2020\/10\/18)<\/a><\/li><\/ul>\n\n\n\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u7d9a\u304d\u306b\u3082\u306a\u308b\u304c\u30012008\u5e74\u4ee5\u964d\u306e\u682a\u4fa1\u306e\u4e0a\u6607\u306f\u4e2d\u592e\u9280\u884c\u306e\u91cf\u7684\u7de9\u548c\u3068\u4f4e\u91d1\u5229\u653f\u7b56\u306b\u3088\u3063\u3066\u652f\u3048\u3089\u308c\u3066\u304d\u305f\u3002\u3053\u308c\u306f10\u5e74\u6765\u306e\u9577\u3044\u30c8\u30ec\u30f3\u30c9\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4f4e\u4e0b -> \u682a\u4fa1\u4e0a\u6607<\/li><\/ul>\n\n\n\n<p>\u3057\u304b\u3057\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u304c\u597d\u8abf\u3060\u3063\u305f\u3053\u3068\u30672018\u5e74\u306b\u306f\u30a2\u30e1\u30ea\u30ab\u306f\u91d1\u878d\u7de9\u548c\u3092\u6b62\u3081\u3001\u305d\u308c\u3092\u5dfb\u304d\u623b\u3059\u5229\u4e0a\u3052\u3068\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3092\u884c\u3063\u3066\u3044\u305f\u3002\u30c8\u30e9\u30f3\u30d7\u76f8\u5834\u306e\u597d\u666f\u6c17\u3082\u3042\u308a\u3001\u9577\u671f\u91d1\u5229\u306f\u4e0a\u304c\u3063\u3066\u3044\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u682a\u5f0f\u5e02\u5834\u306f\u5f53\u521d\u306f\u6c17\u306b\u3057\u306a\u3044\u7d20\u632f\u308a\u3092\u898b\u305b\u3066\u3044\u305f\u304c\u3001\u5f53\u6642\u7b46\u8005\u306f\u305d\u306e\u5371\u967a\u6027\u3092\u8b66\u544a\u3057\u7d9a\u3051\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><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><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u682a\u4fa1\u306f2018\u5e74\u672b\u306b\u6025\u843d\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"604\" height=\"371\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/01\/2019-1-6-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-8150\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/01\/2019-1-6-s-and-p-500-chart.png 604w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2019\/01\/2019-1-6-s-and-p-500-chart-300x184.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\" \/><\/figure>\n\n\n\n<p>\u3064\u307e\u308a\u306f\u3053\u3046\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4e0a\u6607 -> \u682a\u4fa1\u4e0b\u843d<\/li><\/ul>\n\n\n\n<p>\u682a\u4fa1\u304c20%\u4ee5\u4e0a\u4e0b\u843d\u3059\u308b\u4e2d\u3001\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u5f53\u521d\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306e\u7d99\u7d9a\u306b\u3053\u3060\u308f\u3063\u305f\u304c\u3001\u5e74\u672b\u306e\u4e0b\u3052\u3067\u3064\u3044\u306b\u964d\u4f0f\u3001\u91cf\u7684\u5f15\u304d\u7de0\u3081\u306e\u505c\u6b62\u3068\u5229\u4e0b\u3052\u3092\u884c\u3046\u3053\u3068\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u5468\u77e5\u306e\u901a\u308a\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u306f\u3053\u306e\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u5224\u65ad\u3067\u53ce\u307e\u3063\u3066\u3044\u308b\u3002\u4f55\u6545\u53ce\u307e\u3063\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u539f\u56e0\u3068\u306a\u3063\u3066\u3044\u305f\u91d1\u5229\u4e0a\u6607\u3068\u3044\u3046\u30c8\u30ec\u30f3\u30c9\u304c\u4e2d\u592e\u9280\u884c\u306b\u3088\u3063\u3066\u9664\u53bb\u53ef\u80fd\u3060\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002\u4f55\u6545\u306a\u3089\u3070\u4e2d\u592e\u9280\u884c\u81ea\u8eab\u304c\u539f\u56e0\u3060\u3063\u305f\u306e\u3067\u3001\u5f7c\u3089\u306f\u305d\u308c\u3092\u81ea\u5206\u3067\u53d6\u308a\u9664\u304f\u3053\u3068\u304c\u51fa\u6765\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u91d1\u5229\u4f4e\u4e0b -> \u682a\u4fa1\u56de\u5fa9<\/li><\/ul>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u91d1\u5229\u4e0a\u6607\u304c\u539f\u56e0\u3068\u306a\u3063\u305f\u30d0\u30d6\u30eb\u5d29\u58ca\u306f\u305d\u306e\u539f\u56e0\u3092\u53d6\u308a\u9664\u304f\u3053\u3068\u3067\u9632\u3050\u3053\u3068\u304c\u3067\u304d\u305f\u30022008\u5e74\u3068\u306f\u9055\u3044\u3001\u30c8\u30ec\u30f3\u30c9\u306e\u539f\u56e0\u3092\u53d6\u308a\u9664\u304f\u3053\u3068\u304c\u3067\u304d\u308b\u30d0\u30d6\u30eb\u5d29\u58ca\u306f\u9632\u3052\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u73fe\u5728\u306e\u72b6\u6cc1<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3067\u306f\u65b0\u578b\u30b3\u30ed\u30ca\u682a\u5b89\u306e\u4eca\u306e\u72b6\u6cc1\u306f\u3069\u3046\u3060\u308d\u3046\u304b\u3002\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u306e\u306f\u6d41\u884c\u62e1\u5927\u306b\u3088\u3063\u3066\u98db\u884c\u6a5f\u304c\u98db\u3070\u306a\u304f\u306a\u308a\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u306a\u3069\u3067\u306f\u751f\u6d3b\u5fc5\u9700\u54c1\u3092\u9664\u3044\u3066\u5e97\u8217\u306e\u9589\u9396\u304c\u884c\u308f\u308c\u3066\u3044\u308b\u56fd\u304c\u591a\u3044\u305f\u3081\u3001\u4f01\u696d\u306e\u58f2\u4e0a\u304c\u4e00\u6642\u7684\u306b\u5927\u5e45\u306b\u6e1b\u5c11\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u6d41\u884c\u62e1\u5927 -> \u58f2\u4e0a\u6e1b<\/li><\/ul>\n\n\n\n<p>\u58f2\u4e0a\u304c\u6e1b\u308b\u3068\u5229\u76ca\u304c\u6e1b\u308b\u305f\u3081\u3001\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u3002\u307e\u305f\u4f01\u696d\u306e\u8cc7\u91d1\u7e70\u308a\u304c\u60aa\u5316\u3059\u308b\u305f\u3081\u4fe1\u7528\u304c\u60aa\u5316\u3001\u91d1\u5229\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u501f\u91d1\u304c\u3067\u304d\u306a\u304f\u306a\u308a\u793e\u50b5\u306e\u91d1\u5229\u306f\u4e0a\u6607\uff08\u4fa1\u683c\u306f\u4e0b\u843d\uff09\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u6d41\u884c\u62e1\u5927 -> \u58f2\u4e0a\u6e1b -> \u682a\u5b89\u3001\u793e\u50b5\u5b89\uff08\u91d1\u5229\u4e0a\u6607\uff09<\/li><\/ul>\n\n\n\n<p>\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070\u4f01\u696d\u306b\u3068\u3063\u3066\u501f\u308a\u5165\u308c\u30b3\u30b9\u30c8\u304c\u5897\u3048\u308b\u3053\u3068\u3068\u306a\u308a\u3001\u307e\u305f\u501f\u308a\u63db\u3048\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u4f01\u696d\u3082\u51fa\u3066\u304f\u308b\u3002\u3053\u308c\u307e\u3067\u306e\u4f4e\u91d1\u5229\u3067\u672c\u6765\u306a\u3089\u3070\u7834\u7dbb\u3057\u3066\u3044\u308b\u96f6\u7d30\u4f01\u696d\u304c\u501f\u91d1\u3092\u501f\u308a\u7d9a\u3051\u308b\u3053\u3068\u3067\u751f\u304d\u306a\u304c\u3089\u3048\u3066\u304d\u305f\u306e\u304c\u7834\u7dbb\u306e\u5371\u6a5f\u306b\u8ca7\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002\u305d\u3046\u3057\u305f\u4f01\u696d\u306e\u7834\u7dbb\u304c\u61f8\u5ff5\u3055\u308c\u308b\u3053\u3068\u3067\u793e\u50b5\u306e\u91d1\u5229\u306f\u66f4\u306b\u4e0a\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u793e\u50b5\u91d1\u5229\u4e0a\u6607 -> \u4f01\u696d\u306e\u7834\u7dbb\u61f8\u5ff5 -> \u793e\u50b5\u91d1\u5229\u4e0a\u6607<\/li><\/ul>\n\n\n\n<p>\u3053\u308c\u306f\u518d\u5e30\u7684\u306a\u81ea\u5df1\u5f37\u5316\u306e\u30c8\u30ec\u30f3\u30c9\u3067\u3042\u308b\u3002\u3053\u308c\u304c\u4fe1\u7528\u306e\u4f4e\u3044\u30b8\u30e3\u30f3\u30af\u50b5\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u7406\u7531\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-24-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png\" alt=\"\" class=\"wp-image-9427\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-24-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/03\/2020-3-24-ishares-iboxx-high-yield-corporate-bond-etf-nysearca-hyg-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/figure>\n\n\n\n<p>\u30b8\u30e3\u30f3\u30af\u50b5\u306e\u66b4\u843d\u306f\u65b0\u578b\u30b3\u30ed\u30ca\u76f8\u5834\u306e\u4e00\u756a\u76f4\u63a5\u7684\u3067\u4e00\u756a\u6839\u6df1\u3044\u554f\u984c\u3068\u8a00\u3048\u308b\u3002\u3042\u307e\u308a\u306b\u591a\u304f\u306e\u30be\u30f3\u30d3\u4f01\u696d\u304c\u4f4e\u91d1\u5229\u3067\u751f\u304d\u306a\u304c\u3089\u3048\u3066\u304d\u305f\u305f\u3081\u3001\u3053\u308c\u304c\u6df1\u523b\u5316\u3059\u308b\u3068\u91d1\u878d\u5371\u6a5f\u306b\u7e4b\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u305d\u308c\u306f\u30c9\u30eb\u306e\u6025\u6fc0\u306a\u4e0a\u6607\u306b\u3082\u8868\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9163\">\u30c9\u30eb\u5186\u4e0a\u6607\u304c\u793a\u3059\u4e16\u754c\u7684\u5012\u7523\u30e9\u30c3\u30b7\u30e5\u306e\u53ef\u80fd\u6027<\/a><\/li><\/ul>\n\n\n\n<p>\u3055\u3066\u3001\u3057\u304b\u3057\u65b0\u578b\u30b3\u30ed\u30ca\u682a\u5b89\u306f\u672c\u6765\u4e0b\u304c\u3063\u3066\u4e0a\u304c\u308b\u76f8\u5834\u3067\u3042\u308b\u3002\u58f2\u4e0a\u306e\u6e1b\u5c11\u306f\u4e00\u6642\u7684\u306a\u3082\u306e\u306b\u904e\u304e\u305a\u3001\u6765\u5e74\u306b\u306a\u308c\u3070\u65b0\u578b\u30a6\u30a3\u30eb\u30b9\u306e\u3053\u3068\u306a\u3069\u7686\u5fd8\u308c\u3066\u3044\u308b\u3002\u4eca\u3068\u306a\u3063\u3066\u306f\u60b2\u89b3\u7684\u306a\u4eba\u3005\u304c\u591a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u305d\u3046\u3057\u305f\u60b2\u89b3\u306b\u306f2\u6708\u59cb\u3081\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306e\u8a00\u8449\u3092\u8d08\u308a\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8697\">\u4e2d\u56fd\u65b0\u578b\u30a6\u30a3\u30eb\u30b9\u3001\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u6226\u7565<\/a><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u4e00\u822c\u7684\u306b\u306f\u3053\u3046\u3057\u305f\u4e00\u751f\u306b\u4e00\u5ea6\u306e\u30ec\u30d9\u30eb\u306e\u707d\u5bb3\u306f\u307e\u305a\u6700\u521d\u306b\u904e\u5c0f\u8a55\u4fa1\u3055\u308c\u3001\u305d\u3057\u3066\u72b6\u6cc1\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u904e\u5927\u8a55\u4fa1\u3055\u308c\u308b\u3002<\/p><\/blockquote>\n\n\n\n<p>\u3057\u304b\u3057\u305d\u308c\u306f\u3053\u306e\u30b8\u30e3\u30f3\u30af\u50b5\u66b4\u843d\u306b\u3088\u308b\u5012\u7523\u30e9\u30c3\u30b7\u30e5\u304c\u6df1\u523b\u5316\u3057\u306a\u3051\u308c\u3070\u306e\u8a71\u3067\u3042\u308b\u3002\u3088\u3063\u3066\u4eca\u306e\u76f8\u5834\u306e\u554f\u984c\u306f\u30b8\u30e3\u30f3\u30af\u50b5\u66b4\u843d\u30c8\u30ec\u30f3\u30c9\u304c\u6b62\u307e\u308b\u304b\u6b62\u307e\u3089\u306a\u3044\u304b\u306e\u554f\u984c\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u3064\u307e\u308a\u306f\u793e\u50b5\u306e\u554f\u984c\u3067\u3042\u308b\u3002\u30c8\u30ec\u30f3\u30c9\u306e\u6d41\u308c\u3092\u3082\u3046\u4e00\u5ea6\u5f15\u7528\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u793e\u50b5\u91d1\u5229\u4e0a\u6607 -> \u4f01\u696d\u306e\u7834\u7dbb\u61f8\u5ff5 -> \u793e\u50b5\u91d1\u5229\u4e0a\u6607<\/li><\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u793e\u50b5\u91d1\u5229\u4e0a\u6607\u306e\u305d\u3082\u305d\u3082\u306e\u539f\u56e0\u306f\u3053\u3046\u3044\u3046\u3053\u3068\u3067\u3042\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u6d41\u884c\u62e1\u5927 -> \u58f2\u4e0a\u6e1b -> \u682a\u5b89\u3001\u793e\u50b5\u5b89\uff08\u91d1\u5229\u4e0a\u6607\uff09<\/li><\/ul>\n\n\n\n<p>\u3088\u3063\u3066\u3053\u306e\u554f\u984c\u306f\u30bd\u30ed\u30b9\u6c0f\u306e\u518d\u5e30\u7406\u8ad6\u306b\u3088\u308c\u3070\u6d41\u884c\u62e1\u5927\u304c\u6b62\u307e\u308b\u304b\u6b62\u307e\u3089\u306a\u3044\u304b\u3068\u3044\u3046\u554f\u984c\u306b\u5e30\u7740\u3059\u308b\u306e\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u6d41\u884c\u304c\u6b62\u307e\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u5c11\u306a\u304f\u3068\u3082\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u306f\u72b6\u6cc1\u304c\u53cd\u8ee2\u3057\u305d\u3046\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9343\">\u65b0\u578b\u30b3\u30ed\u30ca\u3001\u7c73\u56fd\u306e\u611f\u67d3\u8005\u6570\u6025\u5897\u6b62\u307e\u3089\u305a\u3000\u30e8\u30fc\u30ed\u30c3\u30d1\u306f\u30d4\u30fc\u30af\u8fd1\u3057<\/a><\/li><\/ul>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u304c\u305d\u308c\u306b\u7d9a\u304f\u306e\u3082\u6642\u9593\u3082\u554f\u984c\u3060\u308d\u3046\u3002\u3088\u3063\u3066\u4eca\u56de\u306e\u682a\u5f0f\u3068\u50b5\u5238\u306e\u4e0b\u843d\u30c8\u30ec\u30f3\u30c9\u306f\u6b62\u3081\u308b\u3053\u3068\u306e\u3067\u304d\u306a\u3044\u518d\u5e30\u7684\u30c8\u30ec\u30f3\u30c9\u3067\u306f\u306a\u3044\u3002\u3057\u305f\u304c\u3063\u3066\u682a\u5f0f\u5e02\u5834\u3082\u50b5\u5238\u5e02\u5834\u3082\u6d41\u884c\u6e1b\u901f\u3067\u56de\u5fa9\u3059\u308b\u3068\u3044\u3046\u7d50\u8ad6\u306b\u306a\u308b\u3002\u6b62\u307e\u3089\u306a\u3044\u66b4\u843d\u306b\u306f\u6b62\u3081\u308b\u3053\u3068\u306e\u3067\u304d\u306a\u3044\u539f\u56e0\u304c\u3042\u308a\u3001\u4eca\u56de\u306e\u30c8\u30ec\u30f3\u30c9\u306f\u305d\u308c\u306b\u5f53\u3066\u306f\u307e\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p><strong>\u307e\u3068\u3081<\/strong><\/p>\n\n\n\n<p>\u3059\u3079\u3066\u306e\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u9577\u3089\u304f\u8003\u3048\u3066\u3044\u305f\u304c\u3001\u3053\u3046\u3044\u3046\u7d50\u8ad6\u306b\u306a\u3063\u305f\u3002\u4e45\u3005\u306b\u4e2d\u592e\u9280\u884c\u306e\u52d5\u5411\u4e88\u6e2c\u4ee5\u5916\u306e\u4ed5\u4e8b\u3092\u3057\u305f\u3088\u3046\u306b\u611f\u3058\u308b\u3002\u4e16\u754c\u4e2d\u306e\u4e2d\u592e\u9280\u884c\u304c\u5f3e\u5207\u308c\u306b\u306a\u3063\u305f\u5f8c\u306e\u4e16\u754c\u3068\u306f\u3064\u307e\u308a\u3001\u4e2d\u592e\u9280\u884c\u304c\u682a\u4fa1\u3092\u64cd\u4f5c\u3059\u308b\u524d\u306e\u4e16\u754c\u306b\u76f8\u5834\u304c\u623b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u5f8c\u3005\u91cf\u7684\u7de9\u548c\u30d0\u30d6\u30eb\u306e\u672c\u5f53\u306e\u5d29\u58ca\u3092\u5f15\u304d\u8d77\u3053\u3059\u304c\u3001\u305d\u308c\u306b\u3064\u3044\u3066\u306f\u3053\u306e\u76f8\u5834\u3092\u4e0a\u624b\u304f\u3055\u3070\u3044\u3066\u304b\u3089\u66f8\u304f\u3053\u3068\u306b\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u73fe\u5728\u306e\u72b6\u6cc1\u306f\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u5224\u65ad\u304c\u96e3\u3057\u3044\u72b6\u6cc1\u3060\u304c\u3001\u3053\u306e\u3088\u3046\u306b\u6574\u7406\u3057\u3066\u8003\u3048\u308b\u3068\u7a81\u7834\u53e3\u304c\u898b\u3048\u3066\u304f\u308b\u3002\u3053\u3046\u3057\u305f\u72b6\u6cc1\u3092\u7dba\u9e97\u306b\u8aac\u660e\u3067\u304d\u308b\u7406\u8ad6\u306f\u306a\u304b\u306a\u304b\u306a\u3044\u304c\u3001\u30bd\u30ed\u30b9\u6c0f\u306e\u518d\u5e30\u7406\u8ad6\u306f\u4eca\u306e\u72b6\u6cc1\u306b\u3075\u3055\u308f\u3057\u3044\u9053\u5177\u3067\u3042\u308b\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u300e<a rel=\"noreferrer noopener\" href=\"https:\/\/amzn.to\/2wwUEql\" target=\"_blank\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a>\u300f\u306b\u3064\u3044\u3066\u500b\u4eba\u7684\u306b\u6b8b\u5ff5\u306a\u306e\u306f\u3001\u4e16\u754c\u5c48\u6307\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3067\u3042\u308b\u30b8\u30e7\u30fc\u30b8\u30fb\u30bd\u30ed\u30b9\u6c0f\u304c\u81ea\u5206\u306e\u6295\u8cc7\u7406\u8ad6\u3092\u672c\u306b\u307e\u3067\u66f8\u3044\u3066\u8aac\u660e\u3057\u3066\u304f\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u306e\u306b\u3001\u305d\u308c\u3092\u771f\u9762\u76ee\u306b\u8aad\u3080\u4eba\u304c\u91d1\u878d\u696d\u754c\u306b\u3082\u3042\u307e\u308a\u306b\u5c11\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u5b9d\u77f3\u304c\u843d\u3061\u3066\u3044\u3066\u3082\u8ab0\u3082\u305d\u3053\u306b\u76ee\u3092\u5411\u3051\u306a\u3044\u3002\u5e02\u5834\u3067\u3082\u305d\u3046\u3044\u3046\u5834\u9762\u306b\u3057\u3070\u3057\u3070\u51fa\u4f1a\u3046\u3002\u4eca\u306e\u539f\u6cb9\u76f8\u5834\u3082\u540c\u3058\u3088\u3046\u306a\u3082\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8982\">\u539f\u6cb9\u4fa1\u683c\u66b4\u843d\u3092\u3081\u3050\u308b\u30ed\u30b7\u30a2\u3068\u30b5\u30a6\u30b8\u30a2\u30e9\u30d3\u30a2\u306e\u6226\u4e89<\/a><\/li><\/ul>\n\n\n\n<p>\u3042\u308b\u3044\u306f\u4e0b\u843d\u524d\u306e\u65b0\u578b\u30b3\u30ed\u30ca\u76f8\u5834\u3082\u540c\u3058\u3088\u3046\u306a\u3082\u306e\u3060\u3063\u305f\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/8766\">\u65b0\u578b\u80ba\u708e\u95a2\u9023\u9298\u67c4: \u56fd\u5185\u611f\u67d3\u62e1\u5927\u3067\u4e0b\u843d\u3059\u308b\u500b\u5225\u9298\u67c4\u306f\u3069\u308c\u304b (2020\/2\/17)<\/a><\/li><\/ul>\n\n\n\n<p>\u4fa1\u5024\u3042\u308b\u9298\u67c4\u304c\u30bf\u30c0\u540c\u7136\u3067\u843d\u3061\u3066\u3044\u3066\u3082\u8ab0\u3082\u8cb7\u308f\u306a\u3044\u3057\u3001\u4fa1\u5024\u3042\u308b\u672c\u304c\u7c21\u5358\u306b\u5165\u624b\u3067\u304d\u308b\u3068\u3057\u3066\u3082\u8ab0\u3082\u8aad\u307e\u306a\u3044\u306e\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u7d50\u5c40\u306f\u305d\u3046\u3044\u3046\u3082\u306e\u306a\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u9053\u7aef\u306b\u843d\u3061\u3066\u3044\u308b1\u4e07\u5186\u672d\u304c\u672c\u7269\u304b\u3068\u3044\u3046\u8a71\u304c\u3042\u308b\u3002\u7d4c\u6e08\u5b66\u3067\u306f\u305d\u308c\u304c\u672c\u7269\u306a\u3089\u3070\u8ab0\u304b\u304c\u62fe\u3063\u3066\u3044\u308b\u306f\u305a\u3060\u304b\u3089\u507d\u7269\u306b\u9055\u3044\u306a\u3044\u3068\u8a00\u3046\u3002\u3057\u304b\u3057\u308f\u305f\u3057\u306b\u8a00\u308f\u305b\u308c\u3070\u9053\u7aef\u306b\u843d\u3061\u3066\u3044\u308b\u4fa1\u5024\u3042\u308b\u3082\u306e\u306f\u672c\u7269\u3067\u3042\u308b\u3002\u5927\u591a\u6570\u306e\u4eba\u306f\u305d\u308c\u3092\u62fe\u308f\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><a 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style=\"border:none !important; margin:0px !important;\" \/><br><a rel=\"noreferrer noopener\" href=\"https:\/\/amzn.to\/2wwUEql\" target=\"_blank\">\u30bd\u30ed\u30b9\u306e\u932c\u91d1\u8853<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a3\u30eb\u30b9\u80ba\u708e\u304c\u4e16\u754c\u7684\u6d41\u884c\u3068\u306a\u308a\u30a2\u30e1\u30ea\u30ab\u3068\u30e8\u30fc\u30ed\u30c3\u30d1\u3092\u5e2d\u5dfb\u3057\u3066\u3044\u308b\u3002\u682a\u5f0f\u5e02\u5834\u306f\u66b4\u843d\u3057\u3066\u3044\u308b\u304c\u3001\u4e00\u65b9\u3067\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u611f\u67d3\u8005\u6570\u306f\u30d4\u30fc\u30af\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002 \u65b0\u578b\u30b3\u30ed\u30ca\u3001\u7c73\u56fd\u306e\u611f\u67d3\u8005\u6570\u6025\u5897\u6b62\u307e\u3089\u305a\u3000\u30e8\u30fc\u30ed\u30c3\u30d1\u306f\u30d4\u30fc\u30af\u8fd1\u3057 \u65b0 &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/9386\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u65b0\u578b\u30b3\u30ed\u30ca\u682a\u5b89\u52d5\u5411\u4e88\u60f3: \u6d41\u884c\u6e1b\u901f\u3067\u682a\u5f0f\u5e02\u5834\u306f\u4e0a\u6607\u3059\u308b<\/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":[155],"class_list":["post-9386","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-novid-coronavirus-2019"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/9386","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=9386"}],"version-history":[{"count":88,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/9386\/revisions"}],"predecessor-version":[{"id":9475,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/9386\/revisions\/9475"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=9386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=9386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=9386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}