{"id":14369,"date":"2023-02-10T21:42:30","date_gmt":"2023-02-10T13:42:30","guid":{"rendered":"https:\/\/blog.moneydj.com\/joe\/?p=14369"},"modified":"2023-02-10T21:51:22","modified_gmt":"2023-02-10T13:51:22","slug":"20230210%e7%be%8e%e5%82%b5%e6%ae%96%e5%88%a9%e7%8e%87%e6%9b%b2%e7%b7%9a","status":"publish","type":"post","link":"https:\/\/blog.moneydj.com\/joe\/2023\/02\/10\/20230210%e7%be%8e%e5%82%b5%e6%ae%96%e5%88%a9%e7%8e%87%e6%9b%b2%e7%b7%9a\/","title":{"rendered":"20230210\u7f8e\u50b5\u6b96\u5229\u7387\u66f2\u7dda"},"content":{"rendered":"\n
\n
\u5e02\u5834\u6301\u7e8c\u95dc\u6ce8\u7f8e\u50b5\u6b96\u5229\u7387\u66f2\u7dda\u5012\u639b\u7684\u60c5\u6cc1\uff0c\u56e0\u70ba\u9019\u5f88\u53ef\u80fd\u8c61\u5fb5\uff0c\u7f8e\u570b\u7d93\u6fdf\u96a8\u5f8c\u8981\u9032\u5165\u8870\u9000\u7684\u5fb5\u5146

\u300c\u6b96\u5229\u7387\u66f2\u7dda\u6307\u6a19\u4e4b\u7236\u300d\u5c01\u865f\u7684\u675c\u514b\u5927\u5b78Fuqua School of Business\u5546\u5b78\u9662\u6559\u6388Campbell Harvey\u8868\u793a\uff0c1968\u5e74\u4ee5\u4f86\u7b2c\u4e5d\u6b21\u6b96\u5229\u7387\u66f2\u7dda\u5012\u639b\u53ef\u80fd\u662f\u932f\u8aa4\u8a0a\u865f\uff0c\u7f8e\u570b\u7d93\u6fdf\u61c9\u53ef\u907f\u958b\u786c\u8457\u9678\uff0c\u9664\u975e2022\u5e74\u592a\u665a\u63a1\u53d6\u5347\u606f\u884c\u52d5\u7684\u806f\u6e96\u6703\uff08FED\uff09\u5c07\u5229\u7387\u63a8\u5347\u81f3\u904e\u9ad8\u6c34\u6e96\uff0c\u7531\u65bc3\u500b\u6708\u300110\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u66f2\u7dda\u7684\u6a21\u578b\u5df2\u7d93\u5ee3\u70ba\u4eba\u77e5\uff0c\u5982\u4eca\u958b\u59cb\u5f71\u97ff\u884c\u70ba\uff0c\u5c0e\u81f4\u4f01\u696d\u53ca\u6d88\u8cbb\u8005\u8b8a\u5f97\u66f4\u52a0\u8b39\u614e\uff0c\u800c\u9019\u7a2e\u300c\u98a8\u96aa\u7ba1\u7406\u300d\u8b93\u7d93\u6fdf\u8f03\u6709\u53ef\u80fd\u8edf\u8457\u9678\u3002<\/span><\/div>\n
\n

Harvey\u8a8d\u70ba\uff0c\u7d93\u6fdf\u9032\u5165\u4f4e\u6210\u9577\u671f\uff0c\u8207\u6a21\u578b\u9810\u6e2c\u4e00\u81f4\uff0c\u4f46\u662f\u5426\u6703\u9677\u5165\u8870\u9000\u3001\u4ed6\u6301\u61f7\u7591\u614b\u5ea6\uff0c\u4e26\u8aaa\u300c\u7d93\u6fdf\u4e0d\u592a\u53ef\u80fd\u51fa\u73fe\u786c\u8457\u9678\u3002\u300d\u4e0d\u904e\uff0c\u4ed6\u4e0d\u6392\u9664\u7d93\u6fdf\u53ef\u80fd\u6eab\u548c\u8870\u9000\u3002\u54c8\u7dad\u8aaa\uff0c\u6b96\u5229\u7387\u66f2\u7dda\u78ba\u5be6\u662f\u6709\u50f9\u503c\u7684\u6307\u6a19\uff0c\u80fd\u6b63\u78ba\u9810\u6e2c\u6210\u9577\u5c07\u8da8\u7de9\uff0c\u81f3\u65bc\u662f\u5426\u786c\u8457\u9678\u5247\u5f97\u89c0\u5bdf\u5176\u4ed6\u8cc7\u6599\u3002<\/p>\n<\/div>\n

\"\"<\/a><\/div>\n
\u00a0<\/div>\n
\u7f8e\u50b5\u6b96\u5229\u7387\u66f2\u7dda\u4ecd\u7136\u7dad\u6301\u5012\u639b\u7684\u60c5\u6cc1\uff0c\u5f9e\u76ee\u524d\u7684\u7d93\u6fdf\u5c40\u52e2\u770b\u8d77\u4f86\uff0cfed\u6c92\u6709\u57f7\u884c\u964d\u606f\u4ee5\u524d\uff0c\u7f8e\u50b5\u6b96\u5229\u7387\u66f2\u7dda\u9ad8\u6a5f\u7387\u6703\u7dad\u6301\u5012\u639b\u7684\u60c5\u6cc1\uff0c\u751a\u81f3\u5229\u7387\u8981\u964d\u52304.0%\u4ee5\u4e0b\uff0c\u6240\u4ee5\u6309\u7167\u76ee\u524d\u7684<\/span>fed\u614b\u5ea6\uff0c2023\u5e74\u5167\uff0c\u6b96\u5229\u7387\u66f2\u7dda\u5927\u6982\u90fd\u6703\u7dad\u6301\u5012\u639b\u7684\u60c5\u6cc1

\u9664\u975e\u5e02\u5834\u6539\u8b8a\u6c23\u6c1b\uff0c\u8a8d\u70ba\u7f8e\u570b\u9577\u671f\u90fd\u53ef\u4ee5\u7dad\u6301\u57284%\u4ee5\u4e0a\u7684\u5229\u7387\u6c34\u4f4d\uff0c\u628a\u4e2d\u9577\u671f\u50b5\u5238\u6b96\u5229\u7387\u90fd\u5927\u5e45\u62c9\u9ad8\uff0c\u9019\u6a23\u9577\u50b5\u6b96\u5229\u7387\u624d\u80fd\u9ad8\u65bc\u77ed\u50b5\u6b96\u5229\u7387\uff0c\u4f46\u76ee\u524d\u770b\u8d77\u4f86\uff0c2023\u5e74\u5167\u96e3\u4ee5\u51fa\u73fe\u9019\u6a23\u7684\u5e02\u5834\u5171\u8b58<\/span><\/div>\n<\/div>\n
\n
\u00a0<\/span><\/div>\n<\/div>\n
\u00a0<\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5e02\u5834\u6301\u7e8c\u95dc\u6ce8\u7f8e\u50b5\u6b96\u5229\u7387\u66f2\u7dda\u5012\u639b\u7684\u60c5\u6cc1\uff0c\u56e0\u70ba\u9019\u5f88\u53ef\u80fd […]<\/a><\/p>\n<\/div>","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-14369","post","type-post","status-publish","format-standard","hentry","category-investment-opinion"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4VJae-3JL","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/14369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/comments?post=14369"}],"version-history":[{"count":2,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/14369\/revisions"}],"predecessor-version":[{"id":14373,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/posts\/14369\/revisions\/14373"}],"wp:attachment":[{"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/media?parent=14369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/categories?post=14369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.moneydj.com\/joe\/wp-json\/wp\/v2\/tags?post=14369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}