{"id":393554,"date":"2021-08-12T00:45:18","date_gmt":"2021-08-12T07:45:18","guid":{"rendered":"https:\/\/nai500.com\/blog\/2021\/08\/%e7%be%8e%e8%82%a1%e5%8d%b1%e9%99%a9%ef%bc%81%e7%be%8e%e8%81%94%e5%82%a8taper%e5%89%8d%e6%b5%81%e5%8a%a8%e6%80%a7%e5%b0%b1%e6%9e%af%e7%ab%ad%e4%ba%86\/"},"modified":"2021-08-12T00:47:08","modified_gmt":"2021-08-12T07:47:08","slug":"%e7%be%8e%e8%82%a1%e5%8d%b1%e9%9a%aa%ef%bc%81%e7%be%8e%e8%81%af%e5%84%b2taper%e5%89%8d%e6%b5%81%e5%8b%95%e6%80%a7%e5%b0%b1%e6%9e%af%e7%ab%ad%e4%ba%86","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2021\/08\/%e7%be%8e%e8%82%a1%e5%8d%b1%e9%9a%aa%ef%bc%81%e7%be%8e%e8%81%af%e5%84%b2taper%e5%89%8d%e6%b5%81%e5%8b%95%e6%80%a7%e5%b0%b1%e6%9e%af%e7%ab%ad%e4%ba%86\/","title":{"rendered":"\u7f8e\u80a1\u5371\u96aa\uff01\u7f8e\u806f\u5132Taper\u524d\u6d41\u52d5\u6027\u5c31\u67af\u7aed\u4e86"},"content":{"rendered":"

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\u6309\u7167\u5b9a\u7fa9\uff0c\u99ac\u6b47\u723eK\u503c\u662f\u8ca8\u5e63\u4f9b\u61c9\u91cf\u8207\u570b\u5167\u751f\u7523\u7e3d\u503c\uff08GDP\uff09\u589e\u901f\u4e4b\u9593\u7684\u5dee\u984d\u3002\u9019\u4e00\u6307\u6a19\u8b8a\u6210\u8ca0\u503c\u610f\u5473\u8457\u64f4\u5f35\u7684\u7d93\u6fdf\u8fc5\u901f\u6d88\u8017\u4e86\u8a72\u570b\u7684\u53ef\u7528\u8ca8\u5e63\uff0c\u4e5f\u5c31\u662f\u6d41\u52d5\u6027\u67af\u7aed\u4e86\u3002<\/p>\n

\u6211\u5011\u77e5\u9053\uff0c\u6d41\u52d5\u6027\u7232\u5305\u62ec\u7f8e\u80a1\u5728\u5167\u7684\u8cc7\u7523\u50f9\u683c\u7684\u4e0a\u6f32\u63d0\u4f9b\u4e86\u52d5\u529b\u3002\u4e00\u65e6\u6d41\u52d5\u6027\u67af\u7aed\uff0c\u7121\u8ad6\u662f\u6bd4\u7279\u5e63\u9084\u662fmeme\u80a1\u7968\uff0c\u53ef\u80fd\u5168\u90e8\u90fd\u8981\u852b\u4e86\u3002Leuthold Group\u7684\u9996\u5e2d\u6295\u8cc7\u5b98Doug Ramsey\u8868\u793a\uff0c\u5fa9\u8607\u4e2d\u7684\u7d93\u6fdf\u6b63\u5728\u9163\u98f2\u539f\u672c\u80a1\u5e02\u7368\u4eab\u7684\u201c\u5927\u7897\u7f8e\u9152\u201d\u3002<\/p>\n

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2010\u5e74\uff0c\u99ac\u6b47\u723eK\u503c\u8dcc\u7834\u96f6\uff0c1\u5e74\u5f8c\u6a19\u666e500\u6307\u6578\u56de\u8abf16%\u30022018\u5e74\u4e5f\u662f\u985e\u4f3c\u7684\u60c5\u5f62\uff0c\u7576\u6642\u7684\u7f8e\u80a1\u725b\u5e02\u5e7e\u4e4e\u88ab\u7d42\u7d50\u3002<\/p>\n

\"\"<\/p>\n

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2013\u5e74\uff0c\u7f8e\u806f\u5132\u5c07\u7e2e\u51cf\u523a\u6fc0\u898f\u6a21\u7684\u6d88\u606f\u5f15\u767c\u7e2e\u51cf\u6050\u614c\uff0c10\u5e74\u671f\u570b\u50b5\u6536\u76ca\u7387\u98c8\u5347\uff0c\u6a19\u666e500\u6307\u6578\u8f03\u5176\u7576\u5e745\u6708\u7684\u5cf0\u503c\u56de\u843d\u8fd16%\u3002\u4e0d\u904e\uff0c\u50c5\u50c5\u6578\u5468\u6642\u9593\uff0c\u80a1\u5e02\u5c31\u6eff\u8840\u5fa9\u6d3b\u5e77\u7e7c\u7e8c\u4e0a\u63da\uff0c\u6307\u6578\u5168\u5e74\u6700\u7d42\u9084\u4e0a\u6f32\u4e8630%\u3002<\/p>\n

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\"\"<\/p>\n

Miller Tabak + Co.\u7684\u9996\u5e2d\u5e02\u5834\u7b56\u7565\u5e2bMatt Maley\u8868\u793a\uff0c\u7576\u6642\u80a1\u5e02\u7684\u5e02\u76c8\u7387\u53ea\u670915\uff0c\u73fe\u5728\u662f22\uff0c\u9019\u662f\u7f8e\u80a1\u7576\u524d\u7e5e\u4e0d\u904e\u53bb\u7684\u969c\u7919\u3002<\/p>\n

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\u4e0d\u904e\uff0cRamsey\u63d0\u9192\uff0c\u6295\u8cc7\u8005\u5207\u4e0d\u53ef\u653e\u9b06\u8b66\u60d5\u3002\u5118\u7ba1\u6a19\u666e500\u6307\u6578\u5468\u4e09\u5275\u51fa\u4e86\u4eca\u5e74\u7684\u7b2c46\u500b\u6536\u76e4\u65b0\u9ad8\uff0c\u4f46\u53c3\u8207\u6b64\u6b21\u4e0a\u6f32\u7684\u500b\u80a1\u6578\u91cf\u5e77\u4e0d\u591a\u3002\u9019\u53ef\u80fd\u8981\u602a\u6d41\u52d5\u6027\u7684\u51cf\u5c11\uff0c\u800c\u5927\u6c34\u6f2b\u704c\u7684\u597d\u65e5\u5b50\u53ef\u80fd\u4e5f\u5c07\u4e00\u53bb\u4e0d\u5fa9\u8fd4\u4e86\u3002<\/p>\n

\u53e6\u5916\u8981\u63d0\u9192\u6295\u8cc7\u8005\u7684\u662f\uff0c\u9019\u6b21\u99ac\u6b47\u723eK\u503c\u8dcc\u5165\u8ca0\u503c\u7684\u901f\u5ea6\u4e5f\u5feb\u4e8e\u4ee5\u5f80\u3002\u4e8c\u5b63\u5ea6M2\u540c\u6bd4\u589e\u957712.7%\uff0c\u4f4e\u4e8e\u540d\u7fa9GDP\u589e\u901f\u768416.7%\uff0c\u800c\u6b64\u524d4\u500b\u5b63\u5ea6\u9019\u4e00\u5dee\u503c\u5747\u7dad\u6301\u572820\u500b\u767e\u5206\u9ede\u4ee5\u4e0a\uff0c\u6d41\u52d5\u6027\u53ef\u4ee5\u8aaa\u662f\u76f8\u7576\u5145\u88d5\u3002<\/p>\n

Ramsey\u8868\u793a\uff0c\u7576\u524d\u7684\u99ac\u6b47\u723eK\u503c\u986f\u793a\uff0c\u6d41\u52d5\u6027\u4e0d\u53ea\u662f\u60e1\u5316\u800c\u4e14\u9084\u5728\u840e\u7e2e\uff0c\u800c\u8207\u6b64\u540c\u6642\u5d4c\u5165\u7f8e\u80a1\u4f30\u503c\u4e2d\u7684\u6a02\u89c0\u9810\u671f\u9054\u5230\u4e86\u524d\u6240\u672a\u6709\u7684\u9ad8\u5ea6\u3002\u5982\u679c\u7f8e\u806f\u5132\u660e\u5e74\u7e2e\u51cfQE\u800c\u6c92\u6709\u5f15\u767c\u7f8e\u80a1\u66b4\u8dcc\uff0c\u9019\u5c07\u662f\u4e0d\u53ef\u601d\u8b70\u7684\u58ef\u8209\u3002\u4e0d\u904e\uff0c\u4ed6\u5011\u4e0d\u6703\u628a\u8ced\u6ce8\u58d3\u5728\u9019\u7a2e\u5c0f\u6982\u7387\u4e8b\u4ef6\u4e0a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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