{"id":481498,"date":"2023-12-21T19:05:52","date_gmt":"2023-12-22T03:05:52","guid":{"rendered":"https:\/\/nai500.com\/blog\/2023\/12\/%e5%9b%9e%e9%a1%be%e5%8e%86%e5%8f%b2%e4%b8%8a%e9%bb%84%e9%87%91%e5%92%8c%e7%be%8e%e8%82%a1%e7%9a%84%e5%85%b3%e7%b3%bb-%e8%a7%84%e5%be%8b\/"},"modified":"2023-12-21T19:06:14","modified_gmt":"2023-12-22T03:06:14","slug":"%e6%ad%b7%e5%8f%b2%e4%b8%8a-%e9%bb%83%e9%87%91%e5%92%8c%e7%be%8e%e8%82%a1%e7%9a%84%e9%97%9c%e4%bf%82-%e8%a6%8f%e5%be%8b","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2023\/12\/%e6%ad%b7%e5%8f%b2%e4%b8%8a-%e9%bb%83%e9%87%91%e5%92%8c%e7%be%8e%e8%82%a1%e7%9a%84%e9%97%9c%e4%bf%82-%e8%a6%8f%e5%be%8b\/","title":{"rendered":"\u56de\u9867\u6b77\u53f2\u4e0a\u9ec3\u91d1\u548c\u7f8e\u80a1\u7684\u95dc\u4fc2\uff0c\u6211\u5011\u767c\u73fe\u9019\u9ebc\u4e00\u500b\u898f\u5f8b"},"content":{"rendered":"

\u7f8e\u570b\u80a1\u5e02\u89f8\u9802\u4e4b\u5f8c\uff0c\u9ec3\u91d1\u50f9\u683c\u5c07\u6703\u66b4\u6f32\u3002\u9019\u662f\u4e00\u500b\u4e8b\u5be6\uff0c\u800c\u4e14\u503c\u5f97\u4e00\u8aaa\u518d\u8aaa\uff0c\u56e0\u70ba\u5f88\u591a\u9ec3\u91d1\u6295\u8cc7\u8005\u8981\u9ebc\u5426\u8a8d\uff0c\u8981\u9ebc\u63a9\u98fe\u9019\u500b\u4e8b\u5be6\u3002\u96d6\u7136\u73fe\u5728\u9ec3\u91d1\u50f9\u683c\u904b\u884c\u5728\u6b77\u53f2\u9ad8\u9ede\u9644\u8fd1\uff0c\u4f46\u53ea\u8981\u80a1\u5e02\u548c\u7d93\u6fdf\u6c92\u6709\u5d29\u76e4\uff0c\u8cb4\u91d1\u5c6c\u5e02\u5834\u4f9d\u7136\u8655\u65bc\u6162\u6027\u718a\u5e02\uff08secular bear market\uff09\u7576\u4e2d\u3002<\/p>\n

\u70ba\u4ec0\u9ebc\u9019\u9ebc\u8aaa\uff1f\u6211\u5011\u4e0d\u59a8\u56de\u9867\u4e00\u4e0b\u6b77\u53f2\u3002<\/p>\n

\u7f8e\u80a1\u6162\u718a\u671f\u9593\uff0c\u8cb4\u91d1\u5c6c\u50f9\u683c\u7684\u6f32\u5e45\u6700\u5927\u3002<\/p>\n

\u4e0a\u4e16\u7d0060\u5e74\u4ee3\uff0c\u9ec3\u91d1\u548c\u7f8e\u80a1\u6709\u4e00\u6bb5\u540c\u6b65\u4e0a\u6f32\u7684\u91cd\u5408\u968e\u6bb5\u3002\u9ec3\u91d1\u7684\u4ee3\u66ff\u6307\u6a19\u9ec3\u91d1\u80a1\u7968\u7684\u50f9\u683c\u57281964\u5e74\u4e4b\u5f8c\u958b\u59cb\u7206\u767c\u5f0f\u4e0a\u6f32\uff0c\u8868\u73fe\u5927\u5e45\u8dd1\u8d0f\u80a1\u5e02\uff0c\u800c\u6a19\u666e500\u6307\u6578\u76f4\u52301968\u5e74\u4e4b\u5f8c\u624d\u555f\u52d5\u6162\u718a\u884c\u60c5\u3002<\/p>\n

\u6709\u4e00\u7a2e\u8aaa\u6cd5\u7a31\u73fe\u5728\u8ddf\u4e0a\u4e16\u7d0060\u5e74\u4ee3\u4e2d\u671f\u6709\u4e00\u4e9b\u76f8\u4f3c\u4e4b\u8655\uff0c\u9019\u6211\u7121\u6cd5\u82df\u540c\u3002<\/p>\n

\u6211\u5011\u518d\u4f86\u770b\u770b\u6700\u8fd1\u5e7e\u5e74\u4ee5\u53ca\u7576\u524d\u7684\u9ec3\u91d1\u548c\u80a1\u5e02\u3002<\/p>\n

\u9ec3\u91d1\u50f9\u683c\u57282020\u5e748\u6708\u89f8\u9802\uff0c\u9019\u6642\u5019\u6a19\u666e500\u6307\u6578\u4e5f\u6b63\u597d\u7a81\u7834\u65b0\u51a0\u66b4\u8dcc\u524d\u7684\u9ad8\u9ede\u3002\u5728\u6b64\u4e4b\u5f8c16\u500b\u6708\u7684\u6642\u9593\u88e1\uff0c\u6a19\u666e500\u6307\u6578\u7684\u9ad8\u9ede\u4e0d\u65b7\u4e0a\u79fb\uff0c\u540c\u671f\u9ec3\u91d1\u50f9\u683c\u56de\u8abf\u3002<\/p>\n

2022\u5e7410\u6708\uff0c\u6a19\u666e500\u6307\u6578\u4e0b\u8dcc26%\u5230\u5b83\u7684\u5e95\u90e8\u3002\u8b93\u8b93\u4eba\u610f\u5916\u7684\u662f\uff0c\u7f8e\u80a1\u7684\u9019\u6b21\u66b4\u8dcc\u4e26\u4e0d\u8db3\u4ee5\u63a8\u52d5\u9ec3\u91d1\u50f9\u683c\u5411\u4e0a\u7a81\u7834\u3002\u8981\u8aaa\u53ef\u80fd\u7684\u539f\u56e0\u7684\u8a71\uff0c\u80a1\u5e02\u6210\u529f\u5b88\u4f4f\u4e8640\u500b\u6708\u79fb\u52d5\u5747\u7dda\u9019\u500b\u9577\u671f\u8da8\u52e2\u6307\u6a19\uff0c\u800c\u4e14\u73fe\u5728\u5373\u5c07\u518d\u6b21\u7a81\u7834\u524d\u9ad8\u3002<\/p>\n

\u9032\u51652024\u5e74\u4e00\u5b63\u5ea6\uff0c\u80a1\u5e02\u7684\u8868\u73fe\u61c9\u8a72\u6703\u597d\u4e8e\u9ec3\u91d1\u3002\u5bec\u5ea6\u6307\u6a19\u5f88\u4e0d\u932f\uff0c\u5e02\u5834\u6709\u4e0a\u6f32\u7684\u52d5\u80fd\uff0c\u7f8e\u806f\u5132\u73fe\u5728\u7684\u653f\u7b56\u4e5f\u5c0d\u80a1\u5e02\u4e5f\u69cb\u6210\u652f\u6490\u3002\u4e5f\u5c31\u662f\u8aaa\uff0c\u7f8e\u80a1\u5177\u5099\u5f37\u52c1\u4e0a\u6f32\u7684\u689d\u4ef6\uff0c\u5982\u679c2024\u5e74\u51fa\u73fe\u7d93\u6fdf\u8870\u9000\u7684\u8a71\uff0c\u80a1\u5e02\u6709\u53ef\u80fd\u5728\u660e\u5e74\u62b5\u9054\u4e00\u500b\u5927\u578b\u7684\u9802\u90e8\u3002<\/p>\n

\u80a1\u5e02\u4ec0\u9ebc\u6642\u5019\u89f8\u9802\uff1f\u73fe\u5728\u76f8\u7576\u5f31\u7684\u9ec3\u91d1\/\u6a19\u666e500\u6307\u6578\u6bd4\u7387\u4f55\u6642\u555f\u52d5\u4e0b\u4e00\u8f2a\u53cd\u5f48\uff1f\u6295\u8cc7\u8005\u61c9\u7576\u95dc\u6ce8\u4ee5\u4e0b\u6307\u6a19\u3002<\/p>\n

2\u5e74\u671f\u570b\u50b5\u6536\u76ca\u7387\u5982\u679c\u51fa\u73fe\u52a0\u901f\u4e0b\u6ed1\uff0c\u9019\u9810\u793a\u8457\u964d\u606f\u4e26\u4e14\u901a\u5e38\u6703\u5c0e\u81f4\u6536\u76ca\u7387\u66f2\u7dda\u8da8\u9661\uff0c\u800c\u6536\u76ca\u7387\u66f2\u7dda\u8da8\u9661\u662f\u7d93\u6fdf\u8870\u9000\u7684\u4fe1\u865f\u3002\u7f8e\u806f\u5132\u964d\u606f\u4e4b\u6642\uff0c\u80a1\u5e02\u8ddd\u96e2\u9802\u90e8\u4e5f\u5c31\u4e0d\u9060\u4e86\u3002\u9019\u7a2e\u60c5\u5f62\u53ef\u80fd\u9084\u8981\u5e7e\u500b\u6708\u4e4b\u5f8c\u624d\u6709\u53ef\u80fd\u51fa\u73fe\u3002\u8cc7\u91d1\u6b63\u5728\u91cd\u65b0\u9032\u5165\u80a1\u5e02\u548c\u50b5\u5e02\uff0c\u5927\u8cc7\u91d1\u5c1a\u672a\u8cb7\u5165\u9ec3\u91d1\u3002<\/p>\n

\u5982\u679c\u9ec3\u91d1\u548c\u8cb4\u91d1\u5c6c\u9023\u540c\u80a1\u5e02\u4e00\u540c\u4e0a\u6f32\uff0c\u5e02\u5834\u53ef\u80fd\u6703\u4e0a\u6f14\u985e\u4f3c1980-1981\u5e74\u7684\u884c\u60c5\u3002\u9ec3\u91d1\u50f9\u683c\u6216\u6f32\u52302300\u7f8e\u5143\uff0c\u7136\u5f8c\u6703\u5728\u555f\u52d5\u65b0\u7684\u725b\u5e02\u524d\u5b8c\u6210\u6700\u5f8c\u4e00\u6b21\u56de\u8abf\u3002\u5728\u9019\u4e00\u904e\u7a0b\u4e2d\uff0c\u9ad8\u8cea\u91cf\u7684\u9ec3\u91d1\u548c\u767d\u9280\u521d\u7d1a\u7926\u5546\u80a1\u7968\u6a5f\u6703\u5f88\u5927\uff0c\u672a\u4f86\u5e7e\u5e74\u7684\u80a1\u50f9\u4e0a\u6f32\u6f5b\u529b\u5c07\u5728500%\u81f31000%\u4e4b\u9593\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u570b\u80a1\u5e02\u89f8\u9802\u4e4b\u5f8c\uff0c\u9ec3\u91d1\u50f9\u683c\u5c07\u6703\u66b4\u6f32\u3002\u9019\u662f\u4e00\u500b\u4e8b\u5be6\uff0c\u800c\u4e14\u503c\u5f97\u4e00\u8aaa\u518d\u8aaa\uff0c\u56e0\u70ba\u5f88\u591a\u9ec3\u91d1\u6295\u8cc7\u8005\u8981\u9ebc\u5426\u8a8d\uff0c\u8981\u9ebc\u63a9\u98fe\u9019\u500b\u4e8b […]<\/p>\n","protected":false},"author":27,"featured_media":441815,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[2162,2001,670,561],"class_list":["post-481498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-2162","tag--zh-hant","tag-670","tag-561","sectors-gold-zh-hant","locations-us-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/481498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=481498"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/481498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/441815"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=481498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=481498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=481498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}