{"id":2692,"date":"2026-07-15T23:27:23","date_gmt":"2026-07-15T15:27:23","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=2692"},"modified":"2026-07-15T23:27:23","modified_gmt":"2026-07-15T15:27:23","slug":"%e8%b4%b5%e9%87%91%e5%b1%9e%e5%b4%a9%e7%9b%98%e3%80%81%e7%be%8e%e5%85%83%e8%b5%b0%e5%bc%ba%ef%bc%8c%e6%b2%83%e4%bb%80%e6%98%af%e6%95%8c%e6%98%af%e5%8f%8b%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.zaixinjiang.com\/?p=2692","title":{"rendered":"\u8d35\u91d1\u5c5e\u5d29\u76d8\u3001\u7f8e\u5143\u8d70\u5f3a\uff0c\u6c83\u4ec0\u201c\u662f\u654c\u662f\u53cb\u201d\uff1f –"},"content":{"rendered":"

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\u5927\u4f6c\u529b\u633a\uff1a\u4ed6\u662f“\u5b9e\u7528\u4e3b\u4e49\u8005”<\/h3>\n

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Research Affiliates\u521b\u59cb\u4ebaRob Arnott\u8868\u793a\uff1a“\u6c83\u4ec0\u662f\u4e00\u4e2a\u5b9e\u7528\u4e3b\u4e49\u8005\u3002\u4ed6\u5c06\u662f\u7406\u6027\u7684\u58f0\u97f3\uff0c\u8fd9\u5bf9\u5e02\u573a\u5c06\u8d77\u5230\u5b89\u629a\u548c\u5e73\u9759\u7684\u4f5c\u7528\u3002”<\/p>\n

\u5bf9\u51b2\u57fa\u91d1\u5927\u4f6c\u4fdd\u7f57·\u90fd\u94ce·\u743c\u65af\uff08Paul Tudor Jones\uff09\u66f4\u662f\u5bf9\u5176\u8d5e\u8d4f\u6709\u52a0\uff0c\u79f0\u6c83\u4ec0“\u975e\u5e38\u61c2\u5e02\u573a\uff08very market savvy\uff09”\u3002\u743c\u65af\u8ba4\u4e3a\uff1a“\u5728\u503a\u52a1\u5360GDP\u6bd4\u91cd\u8d85\u8fc7100%\u3001\u8d64\u5b57\u7387\u8fbe6%\u7684\u80cc\u666f\u4e0b\uff0c\u4ed6\u662f\u5f15\u5bfc\u6211\u4eec\u5ea6\u8fc7\u6f5c\u5728\u6311\u6218\u65f6\u671f\u7684\u5b8c\u7f8e\u4eba\u9009\u3002”<\/p>\n

Pimco\u9996\u5e2d\u6295\u8d44\u5b98Dan Ivascyn\u4e5f\u5b89\u629a\u5e02\u573a\u79f0\uff1a“\u5e02\u573a\u4f1a\u5bf9\u8fd9\u4e2a\u9009\u62e9\u611f\u5230\u8212\u9002\uff0c\u4ed6\u5c06\u8868\u73b0\u51fa\u8db3\u591f\u7684\u72ec\u7acb\u6027\u3002”<\/p>\n

“\u8d27\u5e01\u8d2c\u503c\u4ea4\u6613”\u7684\u903b\u8f91\u53cd\u8f6c<\/h3>\n

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\u7136\u800c\uff0c\u6c83\u4ec0\u7684\u51fa\u73b0\u4f3c\u4e4e\u9006\u8f6c\u4e86\u8fd9\u4e00\u9884\u671f\u3002\u5468\u4e94\u7f8e\u5143\u7684\u5f3a\u52bf\u53cd\u5f39\uff0c\u914d\u5408\u8d35\u91d1\u5c5e\u7684\u5d29\u76d8\uff0c\u6697\u793a\u6295\u8d44\u8005\u6b63\u5728\u64a4\u56de\u8fd9\u79cd“\u4e0d\u4fe1\u4efb\u7968”\u3002OnePoint BFG Wealth Partners\u7684\u9996\u5e2d\u6295\u8d44\u5b98Peter Boockvar\u7528\u4e00\u53e5\u53cc\u5173\u8bed\u603b\u7ed3\u4e86\u8fd9\u79cd\u590d\u6742\u60c5\u7eea\u4e0b\u7684\u4e0d\u786e\u5b9a\u6027\uff1a<\/p>\n

“\u771f\u6b63\u7684\u51ef\u6587·\u6c83\u4ec0\u80fd\u7ad9\u51fa\u6765\u5417\uff1f\uff08Will the real Kevin Warsh please stand up?\uff09”<\/p>\n

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\u4e00\u4e9b\u6295\u8d44\u8005\u6307\u51fa\uff0c\u5982\u679c\u7f8e\u56fd\u50cf\u82f1\u56fd\u90a3\u6837\uff0c\u592e\u884c\u9886\u5bfc\u4eba\u4e0e\u59d4\u5458\u4f1a\u5728\u5229\u7387\u51b3\u7b56\u4e0a\u9891\u7e41\u51fa\u73b0\u5206\u6b67\uff0c\u8fd9\u5c06\u6807\u5fd7\u7740\u91cd\u5927\u53d8\u5316\uff0c\u5e76\u53ef\u80fd\u56e0\u589e\u52a0\u672a\u6765\u51b3\u7b56\u7684\u4e0d\u786e\u5b9a\u6027\u800c\u7ed9\u5e02\u573a\u5e26\u6765\u538b\u529b\u3002<\/p>\n

\u663e\u7136\uff0c\u534e\u5c14\u8857\u8fd8\u9700\u8981\u66f4\u591a\u65f6\u95f4\u6765\u6d88\u5316\u8fd9\u4f4d\u6f5c\u5728\u65b0\u4e3b\u5e2d\u5e26\u6765\u7684\u590d\u6742\u4fe1\u53f7\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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