{"id":784729,"date":"2026-05-22T11:31:10","date_gmt":"2026-05-22T03:31:10","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=784729"},"modified":"2026-05-22T11:31:10","modified_gmt":"2026-05-22T03:31:10","slug":"%e4%bb%8a%e6%99%9a11%e7%82%b9%ef%bc%81%e7%be%8e%e8%81%94%e5%82%a8%e6%96%b0%e4%b8%bb%e5%b8%ad%e6%b2%83%e4%bb%80%e5%b0%86%e5%ae%a3%e8%aa%93%e5%b0%b1%e8%81%8c-%e7%89%b9%e6%9c%97%e6%99%ae","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=784729","title":{"rendered":"\u4eca\u665a11\u70b9\uff01\u7f8e\u8054\u50a8\u65b0\u4e3b\u5e2d\u6c83\u4ec0\u5c06\u5ba3\u8a93\u5c31\u804c \u7279\u6717\u666e\u201c\u964d\u606f\u68a6\u201d\u80fd\u5b9e\u73b0\u5417\uff1f"},"content":{"rendered":"<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a>\u653f\u5e9c\u5468\u56db\u8868\u793a\uff0c<strong>\u7f8e\u56fd\u603b\u7edf<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%89%b9%e6%9c%97%e6%99%ae\" title=\"View all posts in \u7279\u6717\u666e\" target=\"_blank\" class=\"tag_link\">\u7279\u6717\u666e<\/a>\u5c06\u4e8e\u7f8e\u4e1c\u65f6\u95f4\u5468\u4e94\uff085\u670822\u65e5\uff09\u4e0a\u534811\u70b9\uff08\u5317\u4eac\u65f6\u95f423:00\uff09\u5728\u767d\u5bab\u4e3b\u6301<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e8%81%94%e5%82%a8\" title=\"View all posts in \u7f8e\u8054\u50a8\" target=\"_blank\" class=\"tag_link\">\u7f8e\u8054\u50a8<\/a>\u65b0\u4efb\u4e3b\u5e2d\u51ef\u6587\u00b7\u6c83\u4ec0\u7684\u5ba3\u8a93\u5c31\u804c\u4eea\u5f0f<\/strong>\u3002<\/p>\n<p>\u8fd9\u662f\u4e00\u4e2a\u4e0d\u540c\u5bfb\u5e38\u7684\u4e3e\u52a8\uff0c\u56e0\u4e3a\u7f8e\u8054\u50a8\u4e3b\u5e2d\u901a\u5e38\u4e0d\u4f1a\u5728\u767d\u5bab\u5ba3\u8a93\u5c31\u804c\uff0c\u800c\u4e14\u9274\u4e8e\u7f8e\u8054\u50a8\u5e94\u4fdd\u6301\u653f\u6cbb\u72ec\u7acb\u6027\uff0c\u603b\u7edf\u901a\u5e38\u4e5f\u4e0d\u4f1a\u51fa\u5e2d\u3002 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class=\"tag_link\">\u964d\u606f<\/a>\u7684\u7279\u6717\u666e\u9009\u4e2d\u7684\u91cd\u8981\u539f\u56e0\u4e4b\u4e00\u3002<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/acttg.eastmoney.com\/pub\/xxlout_khmbdfcfappnew_random_0007467a\" rel=\"noopener\"><img src=\"https:\/\/np-newspic.dfcfw.com\/download\/D24832930842412850501_w690h389.jpg\" alt=\"\u4eca\u665a11\u70b9\uff01\u7f8e\u8054\u50a8\u65b0\u4e3b\u5e2d\u6c83\u4ec0\u5c06\u5ba3\u8a93\u5c31\u804c \u7279\u6717\u666e\u201c\u964d\u606f\u68a6\u201d\u80fd\u5b9e\u73b0\u5417\uff1f\" style=\" display:block; margin-left:auto; margin-right:auto; \" \/><\/a><\/p>\n<p><strong>\u8270\u96be\u5f00\u5c40<\/strong><\/p>\n<p>\u4e0d\u8fc7\uff0c\u6c83\u4ec0\u7684\u4e0a\u4efb\u65f6\u673a\u9887\u4e3a\u7279\u6b8a\uff0c\u8fd9\u4f7f\u5176\u5728\u62c5\u4efb\u7f8e\u8054\u50a8\u4e3b\u5e2d\u4e4b\u521d\u9762\u4e34\u8270\u96be\u5f00\u5c40\u3002\u773c\u4e0b\uff0c\u968f\u7740\u4f0a\u6717\u6218\u4e89\u5f15\u53d1<a 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href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%a4%ae%e8%a1%8c\" title=\"View all posts in \u592e\u884c\" target=\"_blank\" class=\"tag_link\">\u592e\u884c<\/a>\u5de5\u4f5c\u7684\u4e30\u5bcc\u7ecf\u9a8c\uff0c\u4e5f\u6df1\u8c19<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8d%8e%e5%b0%94%e8%a1%97\" title=\"View all posts in \u534e\u5c14\u8857\" target=\"_blank\" class=\"tag_link\">\u534e\u5c14\u8857<\/a>\u7684\u8fd0\u4f5c\u65b9\u5f0f\u53ca\u5176\u8bc9\u6c42\u3002\u56e0\u6b64\uff0c\u4ed6\u5e94\u8be5\u6e05\u695a\uff0c\u5fc5\u987b\u907f\u514d\u7ed9\u5916\u754c\u7559\u4e0b\u7f8e\u8054\u50a8\u653f\u7b56\u53d7\u7279\u6717\u666e\u5de6\u53f3\u7684\u5370\u8c61\u3002<\/strong><\/p>\n<p>\u54c8\u4f5b\u5927\u5b66\u7ecf\u6d4e\u5b66\u5bb6\u517c\u6559\u6388Kenneth Rogoff\u65e5\u524d\u8b66\u544a\u79f0\uff0c\u4e00\u65e6\u8fd9\u79cd\u5370\u8c61\u5f62\u6210\uff0c\u5e02\u573a\u5c31\u4f1a\u505a\u51fa\u53cd\u5e94\u3002\u201c\u5982\u679c\u4f60\u8bd5\u56fe\u524a\u5f31\u592e\u884c\u7684\u72ec\u7acb\u6027\uff0c\u5e02\u573a\u5c31\u4f1a\u8d28\u7591\uff1a\u2018\u4ed6\u4eec\u5230\u5e95\u60f3\u5e72\u4ec0\u4e48\uff1f\u662f\u4e0d\u662f\u60f3\u5e72\u9884\u6211\u4eec\uff1f\u2019 \u968f\u4e4b\u800c\u6765\u7684\u7ed3\u679c\u5c31\u662f\uff0c\u4ed6\u4eec\u4f1a\u7acb\u523b\u63a8\u9ad8\u5229\u7387\u2014\u2014\u800c\u8fd9\u6070\u6070\u4e0e\u653f\u5e9c\u7684\u671f\u671b\u5b8c\u5168\u80cc\u9053\u800c\u9a70\u3002\u201d\u4ed6\u8868\u793a\u3002<\/p>\n<p>New Century Advisors\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u3001\u524d\u7f8e\u8054\u50a8\u7ecf\u6d4e\u5b66\u5bb6Claudia Sahm\u8ba4\u4e3a\uff0c\u6b64\u524d\uff0c\u6c83\u4ec0\u5fc5\u987b\u7ed9\u603b\u7edf\u7559\u4e0b\u6df1\u523b\u5370\u8c61\u624d\u80fd\u83b7\u5f97\u8fd9\u4efd\u5de5\u4f5c\uff0c\u4f46\u73b0\u5728\u4ed6\u5fc5\u987b\u8bf4\u670d\u91d1\u878d\u5e02\u573a\u548c\u7f8e\u8054\u50a8\u7406\u4e8b\u4f1a\uff0c\u4ed6\u80fd\u591f\u9886\u5bfc\u597d\u592e\u884c\uff0c\u201c\u4ed6\u4e0d\u592a\u53ef\u80fd\u8ba9\u6240\u6709\u4eba\u90fd\u6ee1\u610f\u3002\u201d <\/p>\n<p>\u4e0d\u8fc7\uff0c\u968f\u7740\u7f8e\u4f0a\u5c40\u52bf\u6301\u7eed\u50f5\u5c40\u4e0d\u4e0b\uff0c\u901a\u80c0\u62c5\u5fe7\u63a8\u52a8\u7f8e\u503a\u6536\u76ca\u7387\u8282\u8282\u6500\u5347\uff0c\u5728\u6c83\u4ec0\u5373\u5c06\u6b63\u5f0f\u63a5\u638c\u7f8e\u8054\u50a8\u4e4b\u9645\uff0c\u672c\u5468\u7279\u6717\u666e\u5bf9\u201c\u7f8e\u8054\u50a8\u964d\u606f\u201d\u7684\u53e3\u98ce\u51fa\u73b0\u4e86\u8f6f\u5316\u3002\u5728\u6301\u7eed\u4e00\u5e74\u591a\u5bf9\u7f8e\u8054\u50a8\u65bd\u52a0\u53f2\u65e0\u524d\u4f8b\u7684\u538b\u529b\u540e\uff0c\u4ed6\u6697\u793a\u81ea\u5df1\u4f1a\u7ed9\u4e88\u5373\u5c06\u4e0a\u4efb\u7684\u6c83\u4ec0\u4e00\u5b9a\u7684\u56de\u65cb\u4f59\u5730\u3002<\/p>\n<p>\u534e\u5c14\u8857\u8001\u5c06\u3001<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u54a8\u8be2\u516c\u53f8Yardeni Research\u521b\u59cb\u4eba\u57c3\u5fb7\u00b7\u4e9a\u5fb7\u5c3c\u672c\u5468\u4e5f\u8b66\u544a\u79f0\uff0c\u5f53\u524d\u901a\u80c0\u518d\u5ea6\u62ac\u5934\uff0c\u503a\u5e02\u60c5\u7eea\u6781\u5ea6\u654f\u611f\uff0c\u6c83\u4ec0\u82e5\u60f3\u7a33\u56fa\u653f\u7b56\u516c\u4fe1\u529b\uff0c\u53cd\u800c\u9700\u8981\u8f6c\u5411\u52a0\u606f\u3002\u7f8e\u8054\u50a8\u53ef\u80fd\u57287\u6708\u52a0\u606f25\u4e2a\u57fa\u70b9\uff0c\u5e76\u57286\u6708\u4f1a\u8bae\u58f0\u660e\u4e2d\u5220\u9664\u964d\u606f\u6307\u5f15\u3002<\/p>\n<p>(\u6765\u6e90:\u5929\u5929\u57fa\u91d1\u7f51)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u56fd\u653f\u5e9c\u5468\u56db\u8868\u793a\uff0c\u7f8e\u56fd\u603b\u7edf\u7279\u6717\u666e\u5c06\u4e8e\u7f8e\u4e1c\u65f6\u95f4\u5468\u4e94\uff085\u670822\u65e5\uff09\u4e0a\u534811\u70b9\uff08\u5317\u4eac\u65f6\u95f423:00\uff09\u5728\u767d\u5bab\u4e3b\u6301\u7f8e\u8054\u50a8 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[232],"tags":[96,142,43,241,79,367,97,34,42,385],"views":5,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/784729"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=784729"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/784729\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=784729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=784729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=784729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}