{"id":8599,"date":"2025-10-22T01:34:44","date_gmt":"2025-10-22T01:34:44","guid":{"rendered":"https:\/\/www.mdwcc.com\/?p=8599"},"modified":"2025-10-22T01:34:50","modified_gmt":"2025-10-22T01:34:50","slug":"the-double-game-in-the-us-financial-market-the-deep-intertwining-of-the-devaluation-trading-controversy-and-liquidity-policy-adjustments","status":"publish","type":"post","link":"https:\/\/www.mdwcc.com\/ko\/the-double-game-in-the-us-financial-market-the-deep-intertwining-of-the-devaluation-trading-controversy-and-liquidity-policy-adjustments\/","title":{"rendered":"\ubbf8\uad6d \uae08\uc735\uc2dc\uc7a5\uc758 \ub354\ube14\uac8c\uc784: '\ud3c9\uac00\uc808\ud558 \uac70\ub798' \ub17c\ub780\uacfc \uc720\ub3d9\uc131 \uc815\ucc45 \uc870\uc815\uc758 \uae4a\uc219\ud55c \uc5bd\ud798"},"content":{"rendered":"

\ud604\uc7ac \ubbf8\uad6d \uae08\uc735\uc2dc\uc7a5\uc740 \uc77c\ub828\uc758 \uc8fc\uc694 \ubaa8\uc21c\uc774 \uad50\ucc28\ud558\ub294 \uc9c0\uc810\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ud55c\ud3b8\uc73c\ub85c\ub294 \uae08, \uc554\ud638\ud654\ud3d0 \ub4f1 '\uacbd\uc9c8 \uc790\uc0b0'\uc758 \uae09\uc99d\uc73c\ub85c \ucd09\ubc1c\ub41c '\ub2ec\ub7ec \ud3c9\uac00\uc808\ud558 \uac70\ub798'\uc5d0 \ub300\ud55c \uc5f4\ub764 \ub17c\uc758\uac00 \uc788\uace0, \ub2e4\ub978 \ud55c\ud3b8\uc73c\ub85c\ub294 \ubbf8\uad6d \ub2ec\ub7ec \ubc0f \ubbf8\uad6d \uad6d\ucc44 \uc2dc\uc7a5\uc758 \uc548\uc815\uc801\uc778 \uc131\uacfc\uc5d0 \ub300\ud55c \uc9c1\uc811\uc801\uc778 \ubc18\uc99d\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ub3d9\uc2dc\uc5d0 \ubbf8\uad6d \uc740\ud589 \uc2dc\uc2a4\ud15c \uc900\ube44\uae08\uc740 3\uc870 \ub2ec\ub7ec\ub77c\ub294 \uc784\uacc4 \uc784\uacc4\uac12 \uc544\ub798\ub85c \ub5a8\uc5b4\uc84c\uace0 \uc5f0\uc900\uc740 \uc591\uc801 \uae34\ucd95\uc774 \ud5a5\ud6c4 \uba87 \ub2ec \uc548\uc5d0 \ub05d\ub0a0 \uc218 \uc788\ub2e4\ub294 \uc2e0\ud638\ub97c \ubc1c\ud45c\ud558\uc5ec \uc790\uc0b0 \uac00\uaca9 \ubd84\uc7c1\uc744 \uc720\ub3d9\uc131 \ud658\uacbd\uc758 \ubcc0\ud654\uc640 \ub354\uc6b1 \uc5f0\uacb0\uc2dc\ucf1c \uc11c\ub85c \uc601\ud5a5\uc744 \ubbf8\uce58\uace0 \ub2e8\uc11c \uc5ed\ud560\uc744 \ud558\ub294 \ubcf5\uc7a1\ud55c \uc2dc\uc7a5 \ud328\ud134\uc744 \ud615\uc131\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n

1. '\uac10\uac00\uc0c1\uac01\uac70\ub798'\uc758 \ub4f1\uc7a5\uacfc \ubc18\uc99d: \uc720\ub3d9\uc131 \uae30\ub300 \ud558\uc5d0\uc11c\uc758 \uc790\uc0b0\ucc28\ubcc4\ud654<\/h2>\n

JP\ubaa8\uac74\uccb4\uc774\uc2a4\uac00 \uc62c\ud574 \ucd08 '\uac10\uac00\uc0c1\uac01 \uac70\ub798'\ub97c \ub3c4\uc785\ud55c \uc774\ud6c4 '\uc778\ud50c\ub808\uc774\uc158\uc774 \ubbf8\uad6d \ub2ec\ub7ec\uc758 \uad6c\ub9e4\ub825\uc744 \uc7a0\uc2dd\ud55c\ub2e4'\ub294 \ud575\uc2ec \ub17c\ub9ac\uc5d0 \uc785\uac01\ud574 \uc654\ub2e4. \uc774\ub294 \uc5f0\uc900\uc758 \uc720\ub3d9\uc131 \uc815\ucc45 \ubc29\ud5a5\uacfc \ubc00\uc811\ud558\uac8c \uc5f0\uad00\ub3fc \ud22c\uc790\uc790 \uc790\uc0b0\ubc30\ubd84\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce5c\ub2e4. \ud45c\uba74\uc801\uc73c\ub85c \uae08 \uac00\uaca9\uc740 \uc62c\ud574 \uadc0\uae08\uc18d\uacfc 4\uc870 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc774 \ud568\uaed8 \uae09\uc99d\ud558\uba74\uc11c 50% \uae09\ub4f1\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 '\ub2ec\ub7ec \uac00\uce58 \ud558\ub77d \ubc0f \uc778\ud50c\ub808\uc774\uc158 \uc704\ud5d8'\uc5d0 \ub300\ud55c \ud5e4\uc9c0 \uc218\ub2e8\uc73c\ub85c \uac04\uc8fc\ub429\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ucd94\uc138\ub294 \ubbf8\uad6d \uc815\ubd80 \ubd80\ucc44 \uc99d\uac00\uc5d0 \ub300\ud55c \uc7a5\uae30\uc801\uc778 \uc555\ub825\uacfc 6\ub144 \ub3d9\uc548 \uc778\ud50c\ub808\uc774\uc158\uc774 \ubaa9\ud45c 2%\ub97c \ucd08\uacfc\ud55c \ud6c4 \uae08\ub9ac\ub97c \uc778\ud558\ud558\uae30\ub85c \ud55c \uc5f0\uc900\uc758 \uacb0\uc815\uc5d0 \uc758\ud574 \uc8fc\ub3c4\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uae08\ub9ac \uc778\ud558\ub294 \uae08\uc735 \ud658\uacbd\uc774 \uc9c0\ub098\uce58\uac8c \uae34\ucd95\ub418\ub294 \uac83\uc744 \ud53c\ud558\uae30 \uc704\ud574 \uc740\ud589 \uc900\ube44\uae08\uc774 \uac10\uc18c\ud558\ub294 \uac00\uc6b4\ub370 \uc720\ub3d9\uc131 \uc870\uac74\ub3c4 \uace0\ub824\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n

\"IMG_256\"<\/p>\n

\uc2e4\uc81c \uc2dc\uc7a5 \uc131\uacfc\ub294 \uac10\uac00\uc0c1\uac01 \uc6b0\ub824\ub85c \uad6d\uace0\ucc44 \ub9e4\ub3c4 \ub17c\ub9ac\uc640 \ubaa8\uc21c\ub418\uba70 \uc720\ub3d9\uc131 \uc5ed\ud559\uacfc \ubc00\uc811\ud558\uac8c \uc5f0\uad00\ub418\uc5b4 \uc788\ub2e4. \ucc44\uad8c \uc2dc\uc7a5\uc5d0\uc11c 10\ub144 \ub9cc\uae30 \uad6d\ucc44\uc758 \uba85\ubaa9 \uc218\uc775\ub960\uc740 \uc9c0\ub09c\uc8fc 4% \ubbf8\ub9cc\uc73c\ub85c \ud558\ub77d\ud574(4\uc6d4 \ucd5c\uc800\uce58\ub97c \uae30\ub85d) \uc5f0\ucd08 \ub300\ube44 \uac70\uc758 60bp \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4. 30\ub144\ubb3c \uc218\uc775\ub960\ub3c4 \uc57d 20bp \ud558\ub77d\ud588\uc2b5\ub2c8\ub2e4. \ub0ae\uc740 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300(10\ub144\ubb3c\uacfc 30\ub144\ubb3c \uc7ac\ubb34\ubd80 \ucc44\uad8c(TIPS)\uc758 \uc190\uc775\ubd84\uae30\uc810 \uc778\ud50c\ub808\uc774\uc158\uc728\uc774 \uc218 \uac1c\uc6d4\uac04 \ucd5c\uc800\uce58\ub97c \uae30\ub85d)\uacfc \uc5f0\uc900\uc758 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c \ub454\ud654 \ubc0f QT \uc885\ub8cc \uac00\ub2a5\uc131\uc5d0 \ub300\ud55c \uae30\ub300\uac00 \ub9de\ubb3c\ub824 \uad6d\ucc44\uc758 \uc720\ub3d9\uc131 \uc704\ud5d8\uc744 \uc904\uc774\uace0 \ud22c\uc790\uc790\uc758 \ub9e4\ub3c4 \uc720\uc778\uc744 \uc57d\ud654\uc2dc\ucf30\uc2b5\ub2c8\ub2e4.<\/p>\n

\ubbf8\uad6d \ub2ec\ub7ec\uc758 \ud658\uc728 \ucd94\uc774\ub294 '\uac10\uac00\uc0c1\uac01 \ubb34\uc5ed' \uc8fc\uc7a5\uc744 \uac15\ub825\ud558\uac8c \ubc18\ubc15\ud55c\ub2e4. \ubbf8\uad6d \ub2ec\ub7ec\ub294 2025\ub144 \uc0c1\ubc18\uae30\ub97c \uc57d\ud558\uac8c \uc2dc\uc791\ud588\uc9c0\ub9cc 4\uc6d4 \uc774\ud6c4 \ud06c\uac8c \uc548\uc815\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc9c0\ub09c \uc8fc \ubbf8\uad6d \ub2ec\ub7ec \uc9c0\uc218\ub294 6\uac1c\uc6d4 \ud3c9\uade0 \uc218\uc900\uc73c\ub85c \ub9c8\uac10\ud588\uc73c\uba70 \uac70\uc758 \u200b\u200b\ud55c \ub2ec \ub3d9\uc548 G10 \ud1b5\ud654 \uc911 \uac15\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. Rabobank\uc758 Jane Foley\ub294 \ubbf8\uad6d \ub2ec\ub7ec\uac00 \uc804\ubc18\uc801\uc73c\ub85c \ud3c9\uac00\uc808\ud558\ub418\uba74 \uc790\uae08\uc774 \ubbf8\uad6d \ub2ec\ub7ec\uc640 \ubbf8\uad6d \uad6d\ucc44\uc5d0\uc11c \uae08\uc73c\ub85c \uc720\uc785\ub420 \uac83\uc774\ub77c\uace0 \uc9c0\uc801\ud588\uc9c0\ub9cc \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uadf8\ub7ec\ud55c \uc9d5\ud6c4\uac00 \ub098\ud0c0\ub098\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc5f0\uc900\uc758 \uc2e0\uc911\ud55c \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\uc5d0 \ub530\ub978 \uac83\uc73c\ub85c \ud22c\uc790\uc790\ub4e4\uc774 \ubbf8\uad6d \uc8fc\uc2dd \ubcf4\uc720(\ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 80%\uac00 \ud658\uc728 \ud5e4\uc9c0)\ub97c \uc720\uc9c0\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uc704\ud5d8 \ud5e4\uc9c0\ub97c \uc704\ud574 \uae08\uc744 \ud560\ub2f9\ud558\uc5ec \"\ubbf8\uad6d \uad6d\ucc44\ub97c \ubcf4\uc720\ud558\uace0 \uae08 \ubcf4\uc720\ub97c \ub298\ub9ac\ub294\" \uade0\ud615 \uc7a1\ud78c \uc804\ub7b5\uc744 \ud615\uc131\ud558\ub3c4\ub85d \uc7a5\ub824\ud588\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.<\/p>\n

\"\uc0ac\uc9c4<\/p>\n

II. \uc720\ub3d9\uc131 \uc815\ucc45\uc758 \uc8fc\uc694 \ubcc0\ud654: \uc9c0\uae09 \uc900\ube44\uae08 \uc694\uac74 \ubd95\uad34 \ubc0f \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c \uc885\ub8cc\uc5d0 \ub300\ud55c \uae30\ub300\uac00 \uc2dc\uc7a5\uc5d0 \uc804\ub2ec\ub428<\/h2>\n

\uc5f0\uc900 \uc720\ub3d9\uc131 \uad00\ub9ac\uc758 \ud575\uc2ec \uc9c0\ud45c\uc778 \ubbf8\uad6d \uc740\ud589 \uc900\ube44\uae08\uc740 '\ud3c9\uac00\uc808\ud558 \ubb34\uc5ed' \ub51c\ub808\ub9c8\ub97c \ud574\uacb0\ud558\ub294 \ub370 \ub9e4\uc6b0 \uc911\uc694\ud569\ub2c8\ub2e4. 10\uc6d4 15\uc77c \uc8fc\uc5d0 \uc740\ud589 \uc900\ube44\uae08\uc740 2\uc8709900\uc5b5 \ub2ec\ub7ec\ub85c \uc804\uc8fc\ubcf4\ub2e4 457\uc5b5 \ub2ec\ub7ec \uac10\uc18c\ud574 3\uc870 \ub2ec\ub7ec \uc120 \uc544\ub798\ub85c \ub5a8\uc5b4\uc84c\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc911\ub2e8\uc740 7\uc6d4 \ubd80\ucc44 \ud55c\ub3c4 \uc99d\uac00 \uc774\ud6c4 \ud604\uae08 \uc794\uace0\ub97c \uc7ac\uac74\ud558\uae30 \uc704\ud55c \ucc44\uad8c \ubc1c\ud589\uc774 \uac00\uc18d\ud654\ub418\uba74\uc11c \ubc1c\uc0dd\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub85c \uc778\ud574 \uc9c0\uae09\uc900\ube44\uae08\uc774 \uace0\uac08\ub418\uace0 \uc775\uc77c \uc5edRP\uc758 \ud55c\ub3c4\uac00 \ub192\uc544\uc84c\uc744 \ubfd0\ub9cc \uc544\ub2c8\ub77c \uc678\uad6d\uc740\ud589\uc758 \ud604\uae08\uc790\uc0b0\ub3c4 \ub354 \ube60\ub974\uac8c \uac10\uc18c\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ub610\ud55c \uad6d\uacbd\uc744 \ub118\ub294 \uc601\ud5a5\uc744 \uac15\uc870\ud558\uc5ec \uc5f0\uc900\uc774 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c \uc885\ub8cc\ub97c \uc2e0\ud638\ud558\ub3c4\ub85d \uc9c1\uc811\uc801\uc73c\ub85c \ucd09\ubc1c\uc2dc\ucf30\uace0, \uc774\ub294 \uacb0\uad6d \ub2ec\ub7ec, \ubbf8\uad6d \uad6d\ucc44 \ubc0f \"\uacbd\uc9c8 \uc790\uc0b0\" \uac04\uc758 \uac00\uaca9 \uc5f0\uacc4\uc5d0 \uc601\ud5a5\uc744 \ubbf8\ucce4\uc2b5\ub2c8\ub2e4.<\/p>\n

\uc900\ube44\uae08\uc774 \"\ucda9\ubd84\ud55c \ud558\ud55c\uc120\"\uc5d0 \uac00\uae4c\uc6cc\uc9c0\uc790 \uc5f0\uc900\uc740 \uc815\ucc45 \uc804\ud658\uc744 \uc2e0\ud638\ud588\uc2b5\ub2c8\ub2e4. Powell\uc740 \uc900\ube44\uae08\uc774 \uc2dc\uc7a5 \uc548\uc815\uc744 \uc704\ud55c \ucd5c\uc18c \uc218\uc900\ubcf4\ub2e4 \uc57d\uac04 \ub192\uc544\uc9c0\uba74 QT \uae30\uac04\uc774 \uc885\ub8cc\ub420 \uac83\uc774\ub77c\uace0 \ubc1d\ud614\uc73c\uba70, \uc774\ub294 \"\ud5a5\ud6c4 \uba87 \ub2ec \ub0b4\uc5d0\" \ubc1c\uc0dd\ud560 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4. Waller\ub294 \ud604\uc7ac \uc900\ube44\uae08 \uc218\uc900\uc778 2\uc870 9900\uc5b5 \ub2ec\ub7ec\uac00 \uc790\uc2e0\uc774 \ucd94\uc815\ud55c \ucd5c\uc18c \uae30\uc900\uc778 2\uc870 7000\uc5b5 \ub2ec\ub7ec\uc5d0 \uac00\uae5d\ub2e4\uace0 \uc9c0\uc801\ud588\uc2b5\ub2c8\ub2e4. \uc5f0\uc900\uc740 \uc774\ubbf8 \uc5f0\ucd08\uc5d0 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c \uc18d\ub3c4\ub97c \ub2a6\ucdc4\uc73c\uba70, \uc774\ubc88 \ubc1c\ud45c\ub294 \uce74\uc6b4\ud2b8\ub2e4\uc6b4\uc774 \uc2dc\uc791\ub418\uc5c8\uc74c\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uae30\ub300\ub294 \uad6d\ucc44 \uc2dc\uc7a5\uc744 \uc548\uc815\uc2dc\ucf1c \uc218\uc775\ub960\uc744 \ud558\ub77d\uc2dc\ucf30\uace0, \uc774\ub294 \"\uc218\uc775\ub960 \uae09\uc99d\"\uc5d0 \ub300\ud55c \"\ub2e4\uc6b4\ub4dc\ub798\ud504\ud2b8 \ubb34\uc5ed\"\uc758 \uae30\ub300\uc640 \ubaa8\uc21c\ub418\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n

\"IMG_256\"<\/p>\n

\uc720\ub3d9\uc131 \ubcc0\ud654\ub294 \uae08\ub9ac \uacbd\ub85c\ub97c \ud1b5\ud574 \uac10\uac00\uc0c1\uac01\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \uc778\uc2dd\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce69\ub2c8\ub2e4. \uc9c0\ub09c\uc8fc \uc2e4\ud6a8\uc5f0\ubc29\uae30\uae08\uae08\ub9ac\ub294 4~4.25% \ubc94\uc704 \ub0b4\uc5d0\uc11c \uc18c\ud3ed \uc0c1\uc2b9\ud588\uace0, 75\ubc31\ubd84\uc704\uc218 \uae08\ub9ac\ub294 4.10%\uc5d0\uc11c 4.12%\ub85c \uc0c1\uc2b9\ud574 \uc790\uae08\uc870\ub2ec \ud658\uacbd\uc774 \uae34\ucd95\ub418\uc5c8\uc74c\uc744 \uc2dc\uc0ac\ud588\ub2e4. \uadf8\ub7ec\ub098 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\uac00 \uace7 \ub05d\ub0a0 \uac83\uc774\ub77c\ub294 \uae30\ub300\uac10\uc73c\ub85c \uc778\ud574 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc720\ub3d9\uc131\uc774 \uacfc\ub3c4\ud558\uac8c \uc904\uc5b4\ub4e4\uc9c0 \uc54a\uc544 \ub2ec\ub7ec \uac00\uce58\uac00 \ud558\ub77d\ud558\uae30\ub294\ucee4\ub155 \uc624\ud788\ub824 \uc548\uc815\ub420 \uac83\uc774\ub77c\ub294 \uc804\ub9dd\uc774 \ub098\uc624\uace0 \uc788\ub2e4. \uc774\ub294 '\uacbd\uc9c8 \uc790\uc0b0\uc758 \uc0c1\uc2b9'\uacfc '\uc548\uc815\uc801\uc778 \ub2ec\ub7ec \ubc0f \ubbf8\uad6d \uad6d\ucc44 \uc2dc\uc7a5'\uc758 \uacf5\uc874\uc744 \uc124\uba85\ud558\uae30\ub3c4 \ud569\ub2c8\ub2e4. \ud22c\uc790\uc790\ub4e4\uc740 \uc778\ud50c\ub808\uc774\uc158\uc5d0 \ub300\ud55c \ud5e4\uc9c0 \uc218\ub2e8\uc73c\ub85c \uacbd\uc9c8 \uc790\uc0b0\uc744 \ud65c\uc6a9\ud558\ub294 \ub3d9\uc2dc\uc5d0 \uc720\ub3d9\uc131 \uc815\ucc45 \ubcc0\ud654\ub85c \uc778\ud55c \ub2e8\uae30 \ub2ec\ub7ec \uac00\uce58 \ud558\ub77d \uc704\ud5d8\uc5d0 \ub300\ud574\uc11c\ub3c4 \uacbd\uacc4\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

III. \ub354\ube14 \uac8c\uc784 \ud558\uc758 \uc2dc\uc7a5\uc758 \ubcf8\uc9c8: \ub2e8\uc21c\ud654\ub41c \uc11c\uc0ac\uc640 \ubcf5\uc7a1\ud55c \ud604\uc2e4\uc758 \ucda9\ub3cc<\/h2>\n

\ud604\uc7ac \uae08\uc735\uc2dc\uc7a5\uc758 \ud575\uc2ec \ubaa8\uc21c\uc740 '\ud3c9\uac00\uc808\ud558 \uac70\ub798'\ub77c\ub294 \ub2e8\uc21c\ud55c \uc11c\uc220\uacfc '\uc720\ub3d9\uc131, \uc790\uc0b0, \uc815\ucc45'\uc774\ub77c\ub294 \ubcf5\uc7a1\ud55c \ud604\uc2e4\uc774 \ucda9\ub3cc\ud558\ub294 \ub370 \uc788\ub2e4. \"\ud3c9\uac00\uc808\ud558 \uac70\ub798\"\ub294 \uc790\uc0b0 \uac00\uaca9\uc744 \uacb0\uc815\ud558\uae30 \uc704\ud574 \ub2e8\uc77c \ub17c\ub9ac\ub97c \uc0ac\uc6a9\ud558\uc9c0\ub9cc \uc5f0\uc900\uc758 \uc720\ub3d9\uc131 \uc815\ucc45\uc774 \uc2dc\uc7a5 \uae30\ub300\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\ub294 \ubc29\uc2dd\uc744 \ubb34\uc2dc\ud569\ub2c8\ub2e4. \uc9c0\uae09\uc900\ube44\uc728 \uc778\ud558\ub85c \ucd09\ubc1c\ub41c \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c \uc885\ub8cc\uc5d0 \ub300\ud55c \uae30\ub300\ub294 \ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 \uc720\ub3d9\uc131 \uc704\ud5d8\uc744 \uc644\ud654\ud558\ub294 \ub3d9\uc2dc\uc5d0 \ub2ec\ub7ec \ubcc0\ub3d9\uc744 \uc548\uc815\uc2dc\ud0a4\uace0 '\uacbd\uc9c8 \uc790\uc0b0\uc744 \uc120\ud638\ud574 \ub2ec\ub7ec\uc640 \uad6d\ucc44\ub97c \ub9e4\ub3c4'\ud558\ub294 \uadf9\ub2e8\uc801\uc778 \uc2dc\uc7a5 \ucd94\uc138\ub97c \uc5b5\uc81c\ud569\ub2c8\ub2e4.<\/p>\n

\"\uc0ac\uc9c4<\/p>\n

\uc5f0\uc900\uc758 \uc720\ub3d9\uc131 \uc815\ucc45 \uc870\uc815\ub3c4 '\uac00\uce58\ud558\ub77d \uc6b0\ub824'\ub77c\ub294 \ub51c\ub808\ub9c8\uc5d0 \ube60\uc838 \uc788\ub2e4. \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c \ub454\ud654\uc758 \ubaa9\uc801\uc740 \uc740\ud589 \uc2dc\uc2a4\ud15c\uc744 \uc548\uc815\ud654\ud558\uace0, \ub0ae\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc0c1\ud669\uc5d0\uc11c \uc720\ub3d9\uc131 \uae34\ucd95\uc73c\ub85c \uc778\ud55c \"\uacbd\uae30 \uce68\uccb4 \ubc0f \ud1b5\ud654 \uac00\uce58 \ud558\ub77d\" \uc2dc\ub098\ub9ac\uc624\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \ubd88\uc548\uc774 \uc545\ud654\ub418\ub294 \uac83\uc744 \ubc29\uc9c0\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc815\ucc45 \uade0\ud615\uc73c\ub85c \uc778\ud574 \uc2e4\ubb3c \uc790\uc0b0\uacfc \uc804\ud1b5 \uc790\uc0b0 \ubaa8\ub450\uac00 \ub4dc\ubb3c\uac8c \ub3d9\uc2dc\uc5d0 \uc99d\uac00\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n

\ubbf8\uad6d \uae08\uc735\uc2dc\uc7a5\uc758 \ubcf5\uc7a1\uc131\uc740 \ub2e8\uc77c \ub17c\ub9ac\ub97c \ubb34\uc2dc\ud569\ub2c8\ub2e4. \uae08\uacfc \uc554\ud638\ud654\ud3d0\uc758 \uc0c1\uc2b9\uc740 \uc7a5\uae30\uc801\uc778 \uc778\ud50c\ub808\uc774\uc158\uacfc \ubd80\ucc44 \uc704\ud5d8\uc744 \ubc18\uc601\ud569\ub2c8\ub2e4. \ubbf8\uad6d \ub2ec\ub7ec\uc640 \ubbf8\uad6d \uad6d\ucc44\uc758 \uc548\uc815\uc131\uc740 \uc5f0\uc900\uc758 \uc720\ub3d9\uc131 \uc815\ucc45\uc774 \uc81c\uacf5\ud558\ub294 \uc9c0\uc6d0\uc758 \ud61c\ud0dd\uc744 \ubc1b\uc2b5\ub2c8\ub2e4. \ubbf8\ub798 \ucd94\uc138\ub294 \"\ub2e4\uc6b4\ud2b8\ub808\uc774\ub4dc\"\uc640 \uc720\ub3d9\uc131 \uc815\ucc45 \uac04\uc758 \uc0c1\ud638 \uc791\uc6a9\uc5d0 \ub2ec\ub824 \uc788\uc2b5\ub2c8\ub2e4. \uc608\uc0c1\uce58 \ubabb\ud55c \uc778\ud50c\ub808\uc774\uc158 \uac10\uc18c\ub294 \"\ud558\ub77d \ubb34\uc5ed\"\uc744 \uc57d\ud654\uc2dc\ud0ac \uac83\uc774\uba70, \uc900\ube44\uae08 \uac10\uc18c \uac00\uc18d\ud654\ub294 \uc5f0\uc900\uc774 \ub300\ucc28\ub300\uc870\ud45c \ucd95\uc18c\ub97c \uc870\uae30\uc5d0 \uc885\ub8cc\ud558\uace0 \uc804\ud1b5 \uc790\uc0b0\uc744 \uc548\uc815\ud654\ud558\ub3c4\ub85d \ucd09\ubc1c\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \uc720\ub3d9\uc131\uc815\ucc45\uacfc \uc790\uc0b0\uac00\uaca9\uc758 \uc5f0\uacc4\uc131\uc744 \uc885\ud569\uc801\uc73c\ub85c \uace0\ub824\ud574\uc57c\ub9cc \uc2dc\uc7a5 \ub3d9\ud5a5\uc744 \uc815\ud655\ud558\uac8c \uc608\uce21\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"

\ubbf8\uad6d \uc2dc\uc7a5\uc740 \uc5f0\uc900\uc758 \uc720\ub3d9\uc131 \uc815\ucc45 \uc804\ud658\uacfc QT \uc885\ub8cc \uc784\ubc15\uc73c\ub85c \uc778\ud574 \ub2ec\ub7ec \uac00\uce58 \ud558\ub77d \uae30\ub300, \uc2e4\ubb3c \uc790\uc0b0 \uc99d\uac00, \uc548\uc815\uc801\uc778 \uad6d\ucc44 \uc218\uc775\ub960 \uc0ac\uc774\uc5d0 \ub07c\uc5b4 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":8600,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[376,378,377],"class_list":["post-8599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-dollar-depreciation-trade","tag-fed-liquidity-policy","tag-treasury-yield-trends"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts\/8599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/comments?post=8599"}],"version-history":[{"count":1,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts\/8599\/revisions"}],"predecessor-version":[{"id":8605,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/posts\/8599\/revisions\/8605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/media\/8600"}],"wp:attachment":[{"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/media?parent=8599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/categories?post=8599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdwcc.com\/ko\/wp-json\/wp\/v2\/tags?post=8599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}