{"id":2645,"date":"2024-08-06T02:43:43","date_gmt":"2024-08-06T07:43:43","guid":{"rendered":"https:\/\/diaomao.cc\/?p=2645"},"modified":"2024-08-06T02:43:46","modified_gmt":"2024-08-06T07:43:46","slug":"%e7%be%8e%e8%82%a1%ef%bc%9a24%e5%b9%b48%e6%9c%88%e6%9a%b4%e8%b7%8c%e7%9a%84%e5%88%86%e6%9e%90","status":"publish","type":"post","link":"https:\/\/diaomao.cc\/?p=2645","title":{"rendered":"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790"},"content":{"rendered":"\n<pre class=\"wp-block-verse\"><strong><em>\u4f46\u5f88\u5927\u7a0b\u5ea6\u4e0a\u53d6\u51b3\u4e8e\u5e02\u573a\u5bf9\u7f8e\u8054\u50a8\u770b\u8dcc\u671f\u6743\u662f\u5426\u6709\u9700\u6c42\u3002\u662f\u5426\u5b58\u5728\u201c\u5927\u5230\u4e0d\u80fd\u5012\u201d\u7684\u6fd2\u4e34\u7834\u4ea7\u7684\u516c\u53f8\uff1f<\/em><\/strong><\/pre>\n\n\n\n<h3 class=\"wp-block-heading\">\u6b8b\u9177\u7684\u590f\u5929<\/h3>\n\n\n\n<p>\u6211\u4eec\u6b63\u5904\u4e8e\u5e02\u573a\u5927\u629b\u552e\u4e4b\u4e2d\u3002\u5173\u4e8e\u8fd9\u4e00\u70b9\uff0c\u6709\u5f88\u591a\u8bdd\u8981\u8bf4\u3002\u8981\u4e86\u89e3\u62a5\u9053\u7684\u4e00\u4e9b\u4eae\u70b9\uff0c\u8bf7\u9605\u8bfb\u4e54\u7eb3\u68ee\u00b7\u83b1\u6587 (Jonathan Levin) \u7684\u6587\u7ae0\uff0c\u4e86\u89e3\u6c83\u4f26\u00b7\u5df4\u83f2\u7279 (Warren Buffett) \u7b79\u96c6\u73b0\u91d1\u7684\u610f\u4e49\uff0c\u9a6c\u7279\u00b7\u83b1\u6587 (Matt Levine) \u7684\u6587\u7ae0\uff0c\u4e86\u89e3\u597d\u4ea4\u6613\u53d8\u574f\uff0c\u6770\u897f\u00b7\u95e8\u987f (Jess Menton) \u7684\u6587\u7ae0\uff0c\u4e86\u89e3\u5e02\u573a\u9762\u4e34\u7684\u6280\u672f\u969c\u788d\uff0c\u4ee5\u53ca\u7ea6\u7ff0\u00b7\u65af\u7279\u4f69\u514b (John Stepek) \u7684\u6587\u7ae0\uff0c\u4e86\u89e3\u95ee\u9898\u7684\u6839\u6e90\uff0c\u6216\u8005\u542c\u542c\u6211\u548c\u5927\u536b\u00b7\u53e4\u62c9 (David Gura) \u4e00\u8d77\u53c2\u52a0\u5927\u76d8\u64ad\u5ba2\u3002\u76ee\u524d\uff0cPoints of Return \u5c06\u5c1d\u8bd5\u56de\u7b54\u4e00\u4e9b\u95ee\u9898\u3002<\/p>\n\n\n\n<p>\u8fd9\u662f\u7f8e\u56fd 6 \u6708\u4efd\u901a\u80c0\u6570\u636e\u597d\u4e8e\u9884\u671f\u5e76\u8ba9\u6240\u6709\u4eba\u786e\u4fe1\u5229\u7387\u4e0d\u4f1a\u6c38\u8fdc\u7ef4\u6301\u5728\u9ad8\u4f4d\u5f15\u53d1\u7684\u5feb\u901f\u8f6c\u53d8\u3002\u8fd9\u662f\u7279\u6717\u666e\u906d\u67aa\u51fb\u7684\u4e09\u5929\u524d\uff0c\u6b64\u540e\u7684\u4e09\u5468\u7f8e\u56fd\u653f\u5c40\u4e00\u76f4\u5f88\u6df7\u4e71\uff0c\u800c\u4e2d\u4e1c\u7684\u98ce\u9669\u6025\u5267\u5347\u7ea7\u3002\u8fd9\u4e9b\u90fd \u6ca1\u6709\u76f4\u63a5\u5bfc\u81f4\u629b\u552e\uff0c\u4f46\u4e5f\u65e0\u6d4e\u4e8e\u4e8b\u3002<\/p>\n\n\n\n<p>\u4e0a\u5468\u516c\u5e03\u4e86\u66f4\u591a\u6570\u636e\uff0c\u5305\u62ec\u4ee4\u4eba\u5931\u671b\u7684\u7f8e\u56fd\u5931\u4e1a\u62a5\u544a\u548c\u4e16\u754c\u5404\u56fd\u592e\u884c\u7684\u4e0d\u540c\u53cd\u5e94\u3002\u8fd9\u5bfc\u81f4\u4e86\u8bb8\u591a\u8f93\u5bb6\u548c\u5c11\u6570\u8d62\u5bb6\u3002\u652f\u4ed8\u4e30\u539a\u53ef\u9760\u6536\u76ca\u7684\u8bc1\u5238\u7a81\u7136\u53d8\u5f97\u6709\u5438\u5f15\u529b\uff0c\u800c\u5c0f\u76d8\u80a1\u5219\u88ab\u629b\u552e\u3002\u90a3\u4e9b\u5bf9\u7ecf\u6d4e\u6700\u654f\u611f\u6216\u6295\u673a\u8005\u6700\u5bc6\u96c6\u7684\u8d44\u4ea7\u4e0b\u8dcc\u5e45\u5ea6\u5f88\u5927\u3002\u4ee5\u4e0b\u662f\u81ea 7 \u6708 10 \u65e5\u4ee5\u6765\u6700\u503c\u5f97\u6ce8\u610f\u7684\u8d70\u52bf\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"e3eaf3\" data-has-transparency=\"false\" style=\"--dominant-color: #e3eaf3;\" loading=\"lazy\" decoding=\"async\" width=\"713\" height=\"627\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-42.png\" alt=\"\" class=\"wp-image-2646 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-42.png 713w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-42-300x264.png 300w\" sizes=\"auto, (max-width: 713px) 100vw, 713px\" \/><\/figure>\n\n\n\n<p>\u5e02\u573a\u4e0d\u4f1a\u51ed\u7a7a\u800c\u52a8\uff0c\u4e5f\u4e0d\u4f1a\u4ec5\u4ec5\u5bf9\u4e8b\u4ef6\u505a\u51fa\u53cd\u5e94\u3002\u76f8\u53cd\uff0c\u6211\u4eec\u5e94\u8be5\u8b66\u60d5\u4e54\u6cbb\u00b7\u7d22\u7f57\u65af\u6240\u8bf4\u7684\u53cd\u8eab\u6027\u2014\u2014\u5e02\u573a\u521b\u9020\u6211\u4eec\u6240\u6709\u4eba\u90fd\u5fc5\u987b\u9002\u5e94\u7684\u65b0\u73b0\u5b9e\u7684\u529b\u91cf\u3002\u80a1\u4ef7\u4e0b\u8dcc\u4f7f\u516c\u53f8\u66f4\u96be\u7b79\u96c6\u8d44\u91d1\u3002\u6295\u8d44\u8005\u611f\u89c9\u66f4\u7a77\u4e86\u3002\u91d1\u878d\u72b6\u51b5\u6536\u7d27\u3002 \u56e0\u6b64\uff0c\u6211\u4eec\u8bbd\u523a\u7684\u662f\uff0c\u7f8e\u8054\u50a8\u4e0a\u5468\u6697\u793a\u91d1\u878d\u72b6\u51b5\u7d27\u5f20\uff0c\u53ef\u80fd\u5f88\u5feb\u4f1a\u964d\u606f\u4ee5\u8ba9\u4e8b\u60c5\u53d8\u5f97\u66f4\u5bb9\u6613\u2014\u2014\u4ece\u90a3\u65f6\u8d77\uff0c\u91d1\u878d\u72b6\u51b5\u7efc\u5408\u6307\u6570\u5c31\u4ece\u5bbd\u677e\u53d8\u4e3a\u975e\u5e38\u7d27\u5f20\u3002\u8fd9\u79cd\u8f6c\u53d8\u4e0e 2023 \u5e74\u6625\u5b63\u88ad\u51fb\u7f8e\u56fd\u7684\u7a81\u7136\u94f6\u884c\u4e1a\u5371\u673a\u4e0d\u76f8\u4e0a\u4e0b\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"f2f5f9\" data-has-transparency=\"false\" style=\"--dominant-color: #f2f5f9;\" loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"400\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-43.png\" alt=\"\" class=\"wp-image-2647 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-43.png 690w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-43-300x174.png 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/figure>\n\n\n\n<p>\u6ce2\u52a8\u6027\uff08\u5b9a\u4e49\u4e3a\u6295\u8d44\u8005\u613f\u610f\u5728\u671f\u6743\u5e02\u573a\u4e0a\u652f\u4ed8\u591a\u5c11\u94b1\u6765\u9632\u8303\u672a\u6765\u4ef7\u683c\u6ce2\u52a8\uff09\u7a81\u7136\u98d9\u5347\uff0c\u663e\u793a\u51fa\u771f\u6b63\u7684\u7126\u8651\uff0c\u6709\u53ef\u80fd\u5f71\u54cd\u5e02\u573a\u7ed3\u679c\u3002<\/p>\n\n\n\n<p><strong>\u8bf7\u6ce8\u610f\uff0c\u65e0\u8bba\u662f\u5f17\u62c9\u57fa\u7c73\u5c14\u00b7\u666e\u4eac\u7684\u519b\u961f\uff0c\u8fd8\u662f\u54c8\u9a6c\u65af\u548c\u4ee5\u8272\u5217\u56fd\u9632\u519b\uff0c\u90fd\u65e0\u6cd5\u50cf\u8001\u5f0f\u5957\u5229\u4ea4\u6613\u5e73\u4ed3\u90a3\u6837\u5728\u7f8e\u56fd\u80a1\u5e02\u5f15\u53d1\u540c\u6837\u7684\u6050\u614c\uff1a<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"e9f0f8\" data-has-transparency=\"false\" style=\"--dominant-color: #e9f0f8;\" loading=\"lazy\" decoding=\"async\" width=\"693\" height=\"376\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-44.png\" alt=\"\" class=\"wp-image-2648 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-44.png 693w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-44-300x163.png 300w\" sizes=\"auto, (max-width: 693px) 100vw, 693px\" \/><\/figure>\n\n\n\n<p>\u6b64\u5916\uff0c\u5728\u8fd9\u79cd\u65f6\u5019\u53d1\u8868\u4efb\u4f55\u8bc4\u8bba\u90fd\u6ce8\u5b9a\u4f1a\u6210\u4e3a\u547d\u8fd0\u7684\u727a\u7272\u54c1\u3002\u81ea 2008 \u5e74 9 \u6708\u96f7\u66fc\u5144\u5f1f\u7834\u4ea7\u4ee5\u6765\u7684\u4e00\u5468\uff0c\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u5b9e\u9645\u4e0a\u6536\u76d8\u8d70\u9ad8\uff0c\u56e0\u6b64\u6700\u521d\u7684\u8d70\u52bf\u53ef\u80fd\u5177\u6709\u6b3a\u9a97\u6027\u3002\u7136\u800c\uff0c\u5728\u64b0\u5199\u672c\u6587\u65f6\uff0c\u65e5\u7ecf 225 \u6307\u6570\u5728\u4e1c\u4eac\u65e9\u76d8\u5927\u5e45\u4e0b\u8dcc\u540e\u4e0a\u6da8\u4e86 8% \u4ee5\u4e0a\u3002\u5728\u5468\u4e00\u4ea4\u6613\u671f\u95f4\uff0c\u4e00\u5ea6\u5e02\u503c\u8d85\u8fc7 3 \u4e07\u4ebf\u7f8e\u5143\u7684 Nvidia Corp. \u80a1\u4ef7\u5f00\u76d8\u4e0b\u8dcc 15.5%\uff0c\u968f\u540e\u4e0a\u6da8 14%\u3002\u5b83\u4ecd\u6bd4 6 \u6708\u4efd\u7684\u5cf0\u503c\u4e0b\u8dcc\u4e86 26%\uff0c\u4f46\u6bd4\u5e74\u521d\u7684\u4ef7\u683c\u9ad8\u51fa\u4e00\u500d\u591a\u3002\u9664\u975e\u60a8\u662f\u4e13\u4e1a\u4ea4\u6613\u5458\uff0c\u5e76\u4e14\u53ef\u4ee5\u4f7f\u7528\u4e00\u4e9b\u51fa\u8272\u7684\u6e83\u75a1\u836f\u7269\uff0c\u5426\u5219\u6700\u597d\u5ffd\u7565\u8fd9\u6837\u7684\u6ce2\u52a8\u3002<\/p>\n\n\n\n<p>\u90a3\u4e48\uff0c\u4ec0\u4e48\u53ef\u4ee5\u544a\u8bc9\u6211\u4eec\u63a5\u4e0b\u6765\u4f1a\u53d1\u751f\u4ec0\u4e48\uff0c\u4ee5\u53ca\u629b\u552e\u53ef\u80fd\u5728\u4f55\u65f6\u505c\u6b62\uff1f\u4f30\u503c\u65e0\u6d4e\u4e8e\u4e8b\u3002<\/p>\n\n\n\n<p><strong>\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u7ecf\u5468\u671f\u8c03\u6574\u540e\u7684\u5e02\u76c8\u7387\uff08\u5c06\u4ef7\u683c\u4e0e\u8fc7\u53bb\u5341\u5e74\u7ecf\u901a\u80c0\u8c03\u6574\u540e\u7684\u5e73\u5747\u6536\u76ca\u8fdb\u884c\u6bd4\u8f83\uff09\u4ecd\u4e3a 33 \u500d\u5de6\u53f3\u3002\u8fd9\u6bd4\u8be5\u6307\u6807\u81ea 1880 \u5e74\u4ee5\u6765\u9664\u5927\u7ea6\u4e09\u5e74\u4ee5\u5916\u7684\u6240\u6709\u5386\u53f2\u6c34\u5e73\u90fd\u8981\u9ad8\u3002<\/strong><\/p>\n\n\n\n<p><strong>\u5b83\u6bd4 1929 \u5e74\u5927\u5d29\u76d8\u524d\u7684\u5cf0\u503c\u8fd8\u8981\u9ad8\u3002\u5982\u679c\u8fd9\u79cd\u8c03\u6574\u5fc5\u987b\u6301\u7eed\u5230\u80a1\u5e02\u770b\u8d77\u6765\u975e\u5e38\u4fbf\u5b9c\uff0c\u6211\u4eec\u5c06\u4e0d\u5f97\u4e0d\u7b49\u5f85\u5f88\u957f\u65f6\u95f4\u3002<\/strong><\/p>\n\n\n\n<p>\u76f8\u53cd\uff0c\u6211\u8ba4\u4e3a\u6700\u597d\u56de\u987e\u4e00\u4e0b\u5386\u53f2\u3002\u6240\u6709\u629b\u552e\u90fd\u662f\u4e0d\u540c\u7684\uff0c\u4f46\u6709\u4e00\u4e9b\u5e7f\u6cdb\u7684\u539f\u5219\u53ef\u4ee5\u63d0\u4f9b\u5e2e\u52a9\u3002 \u5728\u708e\u70ed\u7684\u590f\u5929\uff0c\u629b\u552e\u5e76\u4e0d\u5e38\u89c1\uff0c\u4f46\u786e\u5b9e\u4f1a\u53d1\u751f\u3002\u8fd9\u5f20\u56fe\u8868\u663e\u793a\u4e86\u4eca\u5e74\u8fc4\u4eca\u4e3a\u6b62\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u4e0e 1998 \u5e74\uff08\u4fc4\u7f57\u65af\u503a\u52a1\u8fdd\u7ea6\u548c\u957f\u671f\u8d44\u672c\u7ba1\u7406\u516c\u53f8\u7834\u4ea7\u7684\u4e00\u5e74\uff09\u30012015 \u5e74\uff08\u5e0c\u814a\u9000\u6b27\u5371\u673a\u548c\u968f\u540e\u7684\u4eba\u6c11\u5e01\u8d2c\u503c\u5931\u8d25\u7684\u4e00\u5e74\uff09\u30012007 \u5e74\uff08\u6b21\u7ea7\u62b5\u62bc\u8d37\u6b3e\u5e02\u573a\u5d29\u6e83\u7684\u4e00\u5e74\uff09\u548c 2011 \u5e74\uff08\u5728\u56fd\u4f1a\u548c\u603b\u7edf\u5c31\u8054\u90a6\u503a\u52a1\u4e0a\u9650\u95ee\u9898\u9996\u6b21\u53d1\u751f\u5927\u50f5\u5c40\u4e4b\u540e\uff0c\u6807\u51c6\u666e\u5c14\u4e0b\u8c03\u4e86\u7f8e\u56fd\u56fd\u503a\u8bc4\u7ea7\u7684\u4e00\u5e74\uff09\u7684\u8868\u73b0\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"edebef\" data-has-transparency=\"false\" style=\"--dominant-color: #edebef;\" loading=\"lazy\" decoding=\"async\" width=\"676\" height=\"384\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-45.png\" alt=\"\" class=\"wp-image-2649 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-45.png 676w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-45-300x170.png 300w\" sizes=\"auto, (max-width: 676px) 100vw, 676px\" \/><\/figure>\n\n\n\n<p>\u590f\u5b63\u629b\u552e\u4e4b\u540e\u7684\u60c5\u51b5\u5404\u4e0d\u76f8\u540c\uff0c\u5c3d\u7ba1\u5728\u8fd9\u51e0\u5e74\u91cc\uff0c\u6807\u666e 500 \u6307\u6570\u6536\u76d8\u65f6\u7684\u8868\u73b0\u5e76\u6ca1\u6709\u6bd4\u5f00\u76d8\u65f6\u5dee\u591a\u5c11\u3002\u6700\u5927\u7684\u4f8b\u5916\u662f 1998 \u5e74\uff0c\u5f53\u65f6\u8be5\u6307\u6570\u5728 \u8fdb\u5165\u6700\u540e\u4e00\u4e2a\u5b63\u5ea6\u65f6\u5904\u4e8e\u4f4e\u8ff7\u72b6\u6001\uff0c\u4f46\u6700\u7ec8\u5b9e\u73b0\u4e86 25% \u7684\u5e74\u589e\u957f\u7387\u3002\u56e0\u6b64\uff0c\u4ee4\u4eba\u9f13\u821e\u7684\u662f\uff0c\u5230\u76ee\u524d\u4e3a\u6b62\uff0c2024 \u5e74\u770b\u8d77\u6765\u66f4\u50cf 1998 \u5e74\uff0c\u800c\u4e0d\u662f\u6b64\u540e\u4efb\u4f55\u4e00\u4e2a\u6b8b\u9177\u7684\u590f\u5929\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5f53\u5929\u624d\u5931\u8d25\u65f6<\/h3>\n\n\n\n<p>\u90a3\u4e48\uff0c1998 \u5e74\u4e3a\u4f55\u4f1a\u5982\u6b64\u53d1\u5c55\u5462\uff1f\u4e0a\u534a\u5e74\uff0c\u5e76\u8d2d\u72c2\u6f6e\u5e2d\u5377\u800c\u6765\uff08\u6bd4\u5982\u82b1\u65d7\u96c6\u56e2\u548c\u65c5\u884c\u8005\u96c6\u56e2\u5408\u5e76\u6210\u7acb\u82b1\u65d7\u96c6\u56e2\uff09\uff0c\u800c\u590f\u5b63\u7684\u4f4e\u8ff7\u5219\u4e3b\u8981\u7531\u4fc4\u7f57\u65af\u503a\u52a1\u8fdd\u7ea6\u5f15\u53d1\uff0c\u4fc4\u7f57\u65af\u5728\u524d\u51e0\u5e74\u5438\u5f15\u4e86\u5927\u91cf\u8d44\u91d1\uff0c\u4f46\u5728\u9c8d\u91cc\u65af\u00b7\u53f6\u5229\u94a6\u7684\u9886\u5bfc\u4e0b\uff0c\u9677\u5165\u4e86\u4e25\u91cd\u7684\u56f0\u5883\u3002<\/p>\n\n\n\n<p>\u90a3\u4e00\u5e74\uff0c8 \u6708\u5230 9 \u6708\uff0c\u80a1\u5e02\u518d\u6b21\u906d\u9047\u629b\u552e\uff0c\u56e0\u4e3a\u89c4\u6a21\u5e9e\u5927\u3001\u6760\u6746\u7387\u6781\u9ad8\u7684\u5bf9\u51b2\u57fa\u91d1\u957f\u671f\u8d44\u672c\u7ba1\u7406\u516c\u53f8(Long-Term Capital Management)\u7834\u4ea7\uff0c\u9700\u8981\u534e\u5c14\u8857\u503a\u6743\u94f6\u884c\u7684\u6551\u52a9\uff0c\u800c\u7f8e\u8054\u50a8\u7275\u5934\u7684\u8fd9\u4e00\u4e3e\u63aa\u9887\u5177\u4e89\u8bae\u3002\u5f53\u503a\u5238\u5e02\u573a\u5b8c\u5168\u9677\u5165\u5e73\u9759\u65f6\uff0c\u7f8e\u8054\u50a8\u8ba4\u8f93\u4e86\uff0c\u5e76\u5728\u4e24\u6b21\u9884\u5b9a\u4f1a\u8bae\u4e4b\u95f4\u8fdb\u884c\u4e86\u4e00\u6b21\u975e\u5e38\u4e0d\u5bfb\u5e38\u7684\u8054\u90a6\u57fa\u91d1\u524a\u51cf\u3002\u8fd9\u4e00\u4e8b\u4ef6\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u50ac\u751f\u4e86\u201c\u7f8e\u8054\u50a8\u770b\u8dcc\u671f\u6743\u201d\u8fd9\u4e00\u77ed\u8bed\uff0c\u968f\u7740\u4e92\u8054\u7f51\u516c\u53f8\u8fdb\u5165\u5e02\u573a\uff0c\u7f8e\u8054\u50a8\u7684\u65b0\u6d41\u52a8\u6027\u63a8\u52a8\u4e86\u5f02\u5e38\u7684\u6295\u673a\u70ed\u6f6e\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"565446\" data-has-transparency=\"false\" style=\"--dominant-color: #565446;\" loading=\"lazy\" decoding=\"async\" width=\"702\" height=\"1024\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-46-702x1024.png\" alt=\"\" class=\"wp-image-2650 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-46-702x1024.png 702w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-46-206x300.png 206w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-46-768x1121.png 768w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-46-1053x1536.png 1053w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-46.png 1200w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/figure>\n\n\n\n<p><em>1998 \u5e74\u5362\u5e03\u66b4\u8dcc\uff0c\u94f6\u884c\u5916\u7684\u50a8\u6237\u3002<\/em><\/p>\n\n\n\n<p>\u73b0\u5728\uff0c\u7531\u4e8e\u4e92\u8054\u7f51\u6ce1\u6cab\uff0c\u90a3\u6b21\u964d\u606f\u666e\u904d\u88ab\u8c34\u8d23\u4e3a\u9519\u8bef\u3002\u4f46\u6211\u8ba4\u4e3a\uff0c1998 \u5e74\u7684\u7ecf\u9a8c\u4e3a\u6211\u4eec\u6307\u660e\u4e86 2024 \u5e74\u7684\u65b9\u5411\u3002\u6700\u521d\u7531\u4fc4\u7f57\u65af\u63a8\u52a8\u7684\u629b\u552e\u5f15\u53d1\u4e86\u7b2c\u4e8c\u8f6e\u4e0b\u8dcc\uff0c\u56e0\u4e3a\u5b83\u8ba9\u4e00\u5bb6\u5927\u578b\u91d1\u878d\u673a\u6784\uff08LTCM\uff09\u9677\u5165\u4e86\u4e25\u91cd\u56f0\u5883\u3002\u5927\u5e45\u53cd\u5f39\u662f\u56e0\u4e3a\u5e02\u573a\u6709\u6548\u5730\u8feb\u4f7f\u7f8e\u8054\u50a8\u964d\u606f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u56e0\u6b64\uff0c\u6211\u4eec\u9996\u5148\u9700\u8981\u77e5\u9053\uff0c\u662f\u5426\u6709\u4efb\u4f55\u673a\u6784\u4f1a\u56e0\u4e3a\u8fd9\u6b21\u629b\u552e\u800c\u9677\u5165\u4e25\u91cd\u56f0\u5883\uff0c\u8fd9\u4e2a\u95ee\u9898\u56f4\u7ed5\u7740\u5b83\u4eec\u6240\u627f\u62c5\u7684\u6760\u6746\u7387\u800c\u5c55\u5f00\u3002<\/li>\n\n\n\n<li>\u5176\u6b21\uff0c\u6211\u4eec\u9700\u8981\u77e5\u9053\u7f8e\u8054\u50a8\uff08\u548c\u5176\u4ed6\u592e\u884c\uff09\u88ab\u4fc3\u4f7f\u901a\u8fc7\u964d\u606f\u6216\u5176\u4ed6\u63aa\u65bd\u63d0\u4f9b\u6d41\u52a8\u6027\u6765\u62ef\u6551\u6240\u6709\u4eba\u7684\u53ef\u80fd\u6027\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u5982\u4eca\uff0c\u6760\u6746\u5f80\u5f80\u88ab\u85cf\u533f\u5728\u6211\u4eec\u770b\u4e0d\u89c1\u7684\u79c1\u4eba\u5e02\u573a\u4e2d\uff0c\u6301\u6709\u8005\u4e5f\u4e0d\u592a\u53ef\u80fd\u6025\u4e8e\u6ee1\u8db3\u73b0\u91d1\u9700\u6c42\u3002\u56e0\u6b64\uff0c\u8fd9\u4e00\u70b9\u5f88\u96be\u5224\u65ad\u3002\u4f46\u53d7\u76d1\u7ba1\u7684\u94f6\u884c\u4e1a\u770b\u8d77\u6765\u6bd4 1998 \u5e74\u751a\u81f3\u53bb\u5e74\u6625\u5929\u66f4\u4e3a\u5f3a\u52b2\uff0c\u5f53\u65f6\u503a\u5238\u6536\u76ca\u7387\u4e0a\u5347\u5bfc\u81f4\u7845\u8c37\u94f6\u884c\u5012\u95ed\u3002<\/p>\n\n\n\n<p><strong>\u7f8e\u8054\u50a8\u6700\u65b0\u4e00\u671f\u5b63\u5ea6\u9ad8\u7ea7\u8d37\u6b3e\u63d0\u4f9b\u610f\u89c1\u8c03\u67e5(SLOOS)\u4e8e\u5468\u4e00\u53d1\u5e03\uff0c\u663e\u793a\u94f6\u884c\u51e0\u4e4e\u6ca1\u6709\u6536\u7d27\u5546\u4e1a\u8d37\u6b3e\u6807\u51c6\u3002\u8fd9\u4e0d\u662f\u9677\u5165\u56f0\u5883\u7684\u673a\u6784\u6216\u5904\u4e8e\u7279\u522b\u56f0\u5883\u7684\u7ecf\u6d4e\u4f53\u7684\u884c\u4e3a\uff1a<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"ebf1f7\" data-has-transparency=\"false\" style=\"--dominant-color: #ebf1f7;\" loading=\"lazy\" decoding=\"async\" width=\"686\" height=\"385\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png\" alt=\"\" class=\"wp-image-2651 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png 686w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47-300x168.png 300w\" sizes=\"auto, (max-width: 686px) 100vw, 686px\" \/><\/figure>\n\n\n\n<p>\u8be5\u8c03\u67e5\u8fd8\u663e\u793a\uff0c\u6d88\u8d39\u8005\u4fe1\u8d37\u9700\u6c42\u6b63\u5728\u590d\u82cf\uff0c\u8fd9\u4e0e\u7ecf\u6d4e\u8870\u9000\u7684\u8bf4\u6cd5\u622a\u7136\u76f8\u53cd\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-dominant-color=\"f2f2f3\" data-has-transparency=\"false\" style=\"--dominant-color: #f2f2f3;\" loading=\"lazy\" decoding=\"async\" width=\"677\" height=\"317\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-48.png\" alt=\"\" class=\"wp-image-2652 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-48.png 677w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-48-300x140.png 300w\" sizes=\"auto, (max-width: 677px) 100vw, 677px\" \/><\/figure>\n\n\n\n<p>\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u67d0\u4e9b\u7cfb\u7edf\u91cd\u8981\u6027\u53c2\u4e0e\u8005\u6ca1\u6709\u627f\u53d7\u4e25\u91cd\u635f\u5931\u5e76\u51c6\u5907\u629b\u552e\u3002\u53ea\u80fd\u8bf4\u76ee\u524d\u6ca1\u6709\u660e\u663e\u8bc1\u636e\u8868\u660e\u5b58\u5728\u6b64\u7c7b\u60c5\u51b5\u3002<\/p>\n\n\n\n<p><strong>\u5982\u679c\u6b64\u6b21\u629b\u552e\u6ca1\u6709\u8ba9\u5927\u578b\u673a\u6784\u9677\u5165\u5371\u9669\uff0c\u90a3\u4e48\u5b83\u4e0d\u592a\u53ef\u80fd\u53d1\u5c55\u6210\u81ea\u6211\u5f3a\u5316\u7684\u4e0b\u8dcc\u8d8b\u52bf\u3002<\/strong><\/p>\n\n\n\n<p>\u8fd9\u5bf9\u7f8e\u8054\u50a8\u610f\u5473\u7740\u4ec0\u4e48\uff1f\u6b63\u5982\u6211\u4eec\u6240\u8bb0\u5f55\u7684\uff0c\u8fc7\u53bb\u4e00\u5e74\u91cc\uff0c\u9884\u671f\u53d1\u751f\u4e86\u5de8\u5927\u53d8\u5316\u3002\u5c31\u5728\u4e0a\u4e00\u4efd CPI \u62a5\u544a\u53d1\u5e03\u4e4b\u524d\uff0c\u5168\u7403\u5229\u7387\u6982\u7387\u529f\u80fd\u8868\u793a\uff0c\u5e02\u573a\u9884\u671f\u8054\u90a6\u57fa\u91d1\u5229\u7387\u5728 2025 \u5e74 1 \u6708\u4f1a\u8bae\u540e\u5c06\u8fbe\u5230 4.675% \u3002\u5468\u4e00\u4e0a\u5348\uff0c\u8fd9\u4e00\u6570\u5b57\u4e00\u5ea6\u964d\u81f3 3.658%\uff0c\u8fd9\u662f\u7f8e\u8054\u50a8\u9884\u671f\u884c\u4e3a\u65b9\u5f0f\u7684\u91cd\u5927\u8f6c\u53d8\u3002\u7136\u800c\uff0c\u5982\u679c\u6ca1\u6709\u91cd\u5927\u91d1\u878d\u4e8b\u4ef6\uff0c\u5f88\u96be\u7406\u89e3\u4ed6\u4eec\u4e3a\u4ec0\u4e48\u8981\u8fd9\u6837\u505a\u3002<\/p>\n\n\n\n<p>\u5468\u4e00\u516c\u5f00\u53d1\u8868\u8bc4\u8bba\u7684\u7f8e\u8054\u50a8\u7406\u4e8b\u4eec\u62c5\u5fc3\u5730\u8868\u793a\uff0c\u4e0b\u4e2a\u6708\u4f1a\u8bae\u4e0a\u964d\u606f 25 \u4e2a\u57fa\u70b9\u4e5f\u4e0d\u662f\u677f\u4e0a\u9489\u9489\u7684\u4e8b\u3002\u829d\u52a0\u54e5\u8054\u50a8\u4e3b\u5e2d\u3001\u524d\u5965\u5df4\u9a6c\u603b\u7edf\u987e\u95ee\u5965\u65af\u5766\u00b7\u53e4\u5c14\u65af\u6bd4\u8868\u793a\uff0c\u592e\u884c \u201c\u53cd\u5e94\u6bd4\u5e02\u573a\u8981\u5c0f\u201d\uff0c\u4e0d\u4f1a\u53cd\u5e94\u8fc7\u5ea6\u3002\u800c\u65e7\u91d1\u5c71\u8054\u50a8\u4e3b\u5e2d\u739b\u4e3d\u00b7\u6234\u5229\u627f\u8ba4\uff0c\u52b3\u52a8\u529b\u5e02\u573a\u6b63\u5728\u653e\u7f13\uff0c\u4f46\u8868\u793a\u964d\u606f\u5c06\u53d6\u51b3\u4e8e\u65b0\u7684\u6570\u636e\uff0c\u4e14\u201c\u5e02\u573a\u53ef\u80fd\u4f1a\u8fc7\u5ea6\u671d\u4e00\u4e2a\u65b9\u5411\u6216\u53e6\u4e00\u4e2a\u65b9\u5411\u6ce2\u52a8\u201d\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"443120\" data-has-transparency=\"false\" style=\"--dominant-color: #443120;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"681\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-49-1024x681.png\" alt=\"\" class=\"wp-image-2653 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-49-1024x681.png 1024w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-49-300x200.png 300w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-49-768x511.png 768w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-49.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>\u53e4\u5c14\u65af\u6bd4\u8bd5\u56fe\u63a7\u5236\u9884\u671f\u3002<\/em><\/p>\n\n\n\n<p>\u5c3d\u7ba1\u5e02\u573a\u666e\u904d\u731c\u6d4b\u4ed6\u4eec\u5c06\u88ab\u8feb\u8fd9\u4e48\u505a\uff0c\u4f46\u4ed6\u4eec\u4f3c\u4e4e\u8fd8\u6ca1\u6709\u51c6\u5907\u597d\u5728\u4f1a\u8bae\u95f4\u9699\u91c7\u53d6\u7d27\u6025\u964d\u606f\u63aa\u65bd\uff0c\u5c31\u50cf 1998 \u5e74\u683c\u6797\u65af\u6f58\u90a3\u6837\u3002\u4e09\u4e95\u4f4f\u53cb\u65e5\u5174\u94f6\u884c\u7684\u7ea6\u745f\u592b\u00b7\u62c9\u6c83\u683c\u7eb3 (Joseph Lavorgna) \u66fe\u62c5\u4efb\u7279\u6717\u666e\u653f\u5e9c\u7684\u7ecf\u6d4e\u987e\u95ee\uff0c\u4ed6\u9610\u8ff0\u4e86\u7d27\u6025\u964d\u606f\u4e0d\u592a\u53ef\u80fd\u53d1\u751f\u7684\u539f\u56e0\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8fd9\u770b\u4e0a\u53bb\u50cf\u662f\u4e00\u6b21\u6050\u614c\u4e4b\u4e3e\u3002<\/li>\n\n\n\n<li>\u7f8e\u8054\u50a8\u4e3b\u5e2d\u6770\u7f57\u59c6\u00b7\u9c8d\u5a01\u5c14 (Jerome Powell) \u53ef\u4ee5\u4e3a\u5e02\u573a\u505a\u597d\u51c6\u5907\uff0c8 \u6708 23 \u65e5\u7f8e\u8054\u50a8\u5c06\u5728\u6770\u514b\u900a\u970d\u5c14 (Jackson Hole) \u5927\u5e45\u964d\u606f\u81f3\u5c11 50 \u4e2a\u57fa\u70b9\u3002<\/li>\n\n\n\n<li>\u4efb\u4f55\u53ef\u80fd\u8fdb\u4e00\u6b65\u524a\u5f31\u7f8e\u5143\u7684\u56e0\u7d20\u90fd\u53ef\u80fd\u52a0\u5267\u65e5\u5143\u5957\u5229\u4ea4\u6613\u7684\u5e73\u4ed3\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u7f8e\u8054\u50a8\u73b0\u5728\u5f88\u6709\u53ef\u80fd\u5f00\u59cb\u964d\u4f4e\u5229\u7387\u3002\u200b\u200b\u9664\u975e\u53d1\u751f\u4e0e\u957f\u671f\u8d44\u672c\u7ba1\u7406\u516c\u53f8\u3001\u96f7\u66fc\u5144\u5f1f\u6216\u7845\u8c37\u94f6\u884c\u7c7b\u4f3c\u7684\u4e8b\u4ef6\uff0c\u5426\u5219\u7f8e\u8054\u50a8\u4e0d\u592a\u53ef\u80fd\u4e0d\u987e\u4e00\u5207\u5730\u5192\u9669\u5f15\u53d1\u50cf 1998 \u5e74\u90a3\u6837\u7684\u6295\u673a\u70ed\u6f6e\u3002\u6240\u4ee5\u8bf7\u4fdd\u6301\u8b66\u60d5\uff0c\u8bb0\u4f4f\u73b0\u5728\u7684\u5173\u952e\u95ee\u9898\u662f\uff0c\u4efb\u4f55\u5bf9\u91d1\u878d\u5e02\u573a\u81f3\u5173\u91cd\u8981\u7684\u673a\u6784\u662f\u5426\u4f1a\u906d\u9047\u5931\u8d25\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u751f\u5b58\u79d8\u8bc0<\/h3>\n\n\n\n<p>\u6211\u60f3\u5c31\u4e92\u8054\u7f51\u5fc3\u7406\u5b66\u5f81\u6c42\u4e00\u4e9b\u5efa\u8bae\u3002\u4e0a\u5468\uff0cPoints of Return \u62a5\u9053\u4e86\u5bc6\u6b47\u6839\u5927\u5b66\u7684 Joanna Hsu\u7684\u4e00\u7bc7\u6587\u7ae0\uff0c<strong>\u5979\u5c06\u5e73\u5747\u901a\u80c0\u9884\u671f\u5927\u5e45\u4e0a\u5347\u7684\u5927\u90e8\u5206\u539f\u56e0\u5f52\u56e0\u4e8e\u5176\u7814\u7a76\u65b9\u6cd5\u4ece\u7535\u8bdd\u8c03\u67e5\u8f6c\u5411\u5728\u7ebf\u8c03\u67e5\u3002\u4eba\u4eec\u5728\u7f51\u4e0a\u66f4\u6709\u53ef\u80fd\u9884\u6d4b\u672a\u6765\u901a\u80c0\u7387\u9ad8\u4f01\u3002<\/strong><\/p>\n\n\n\n<p>\u6211\u8ba4\u4e3a\uff0c\u8fd9\u79cd\u76f8\u5f53\u4ee4\u4eba\u62c5\u5fe7\u7684\u589e\u957f\u662f\u7531\u4e8e\u4eba\u4eec\u503e\u5411\u4e8e\u5728\u7f51\u4e0a\u5938\u5938\u5176\u8c08\u548c\u5938\u5927\u5176\u8bcd\u3002\u6709\u51e0\u4f4d\u8bfb\u8005\u5199\u4fe1\u63d0\u51fa\u4e86\u76f8\u53cd\u7684\u89c2\u70b9\uff1b\u6211\u4eec\u66f4\u6709\u53ef\u80fd\u5728\u7f51\u4e0a\u8bf4\u51fa\u6211\u4eec\u771f\u6b63\u60f3\u8bf4\u7684\u8bdd\uff0c\u5e76\u5728\u7535\u8bdd\u4e2d\u8bf4\u51fa\u6211\u4eec\u8ba4\u4e3a\u522b\u4eba\u5bf9\u6211\u4eec\u7684\u671f\u671b\u3002\u5b83\u4eec\u5e76\u4e0d\u76f8\u4e92\u6392\u65a5\u3002\u5230\u5e95\u662f\u54ea\u4e00\u4e2a\u5462\uff1f<\/p>\n\n\n\n<p>\u6211\u4e2a\u4eba\u8ba4\u4e3a\uff0c\u7f51\u7edc\u4e0a\u7684\u65e7\u793c\u4eea\u89c4\u5219\u5df2\u7ecf\u9010\u6e10\u74e6\u89e3\u3002\u5f88\u660e\u663e\uff0c\u5728\u793e\u4ea4\u5a92\u4f53\u4e0a\uff08\u5f53\u7136\uff0c\u8fd9\u4e0e\u5728\u90ae\u7bb1\u4e2d\u56de\u7b54\u95ee\u9898\u4e0d\u540c\uff09\uff0c\u4eba\u4eec\u4f1a\u5938\u5927\u5176\u8bcd\u3002\u4f8b\u5982\uff0c\u4e0a\u5468\u6709\u4e00\u6761\u63a8\u6587\u79f0\uff0c\u5e02\u573a\u629b\u552e\u662f\u56e0\u4e3a\u201c\u7f8e\u8054\u50a8\u5728\u964d\u606f\u65b9\u9762\u73a9\u5f97\u592a\u4e45\u4e86\u201d\uff0c\u8fd9\u5f15\u8d77\u4e86\u8fd9\u6837\u7684\u56de\u5e94\uff1a<\/p>\n\n\n\n<p><em>\u5927\u7b11\uff01\uff01\uff01\uff01\u4eba\u4eec\u771f\u7684\u8ba4\u4e3a\u8fd9\u5c31\u662f\u5e02\u573a\u629b\u552e\u7684\u539f\u56e0\u5417\uff1f\u4ed6\u4eec\u5e94\u8be5\u67e5\u4e00\u4e0b\u201c\u5929\u771f\u201d\u8fd9\u4e2a\u8bcd\u3002<\/em><\/p>\n\n\n\n<p>\u5bf9\u4e8e\u5916\u884c\u6765\u8bf4\uff0cROFLMAO \u7684\u610f\u601d\u662f\u201c\u7b11\u5f97\u6ee1\u5730\u6253\u6eda\u201d\u3002\u6211\u6000\u7591\u8fd9\u4f4d\u533f\u540d\u63a8\u7279\u7528\u6237\u662f\u4e0d\u662f\u771f\u7684\u5728\u5730\u4e0a\u6253\u6eda\u3002\u4ed6\uff08\u6216\u8005\u53ef\u80fd\u662f\u5979\uff09\u662f\u4e3a\u4e86\u6548\u679c\u800c\u5938\u5927\u5176\u8bcd\u3002\u5c31\u50cf\u7f51\u4e0a\u7684\u5f88\u591a\u5185\u5bb9\u4e00\u6837\uff0c\u5b83\u4e0d\u662f\u4e3a\u4e86\u8bf4\u670d\uff0c\u4e5f\u4e0d\u662f\u4e3a\u4e86\u8fdb\u5165\u771f\u6b63\u7684\u8ba8\u8bba\uff1b\u5b83\u53ea\u662f\u4e00\u79cd\u8868\u6f14\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-dominant-color=\"4d4d50\" data-has-transparency=\"false\" style=\"--dominant-color: #4d4d50;\" loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"681\" src=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-50-1024x681.png\" alt=\"\" class=\"wp-image-2654 not-transparent\" srcset=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-50-1024x681.png 1024w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-50-300x200.png 300w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-50-768x511.png 768w, https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-50.png 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><em>\u53e3\u7f69\u6458\u4e0b\u6765\u4e86\u3002<\/em><\/p>\n\n\n\n<p>\u7c7b\u4f3c\u7684\u8bba\u70b9\u662f\u5426\u9002\u7528\u4e8e\u5728\u7ebf\u95ee\u5377\uff1f\u6211\u7684\u8bb0\u8005\u4eec\u5c06\u5176\u4e0e\u9152\u7cbe\u8fdb\u884c\u4e86\u6bd4\u8f83\u3002\u4fd7\u8bdd\u8bf4\uff0c\u9152\u540e\u5410\u771f\u8a00\u3002\u559d\u9189\u540e\uff0c\u4f60\u66f4\u6709\u53ef\u80fd\u5411\u67d0\u4eba\u627f\u8ba4\u4f60\u4e0d\u559c\u6b22\u4ed6\u4eec\uff08\u6216\u8005\u4f60\u975e\u5e38\u975e\u5e38\u559c\u6b22\u4ed6\u4eec\uff09\u3002\u7136\u800c\uff0c\u4f60\u4e5f\u66f4\u6709\u53ef\u80fd\u5938\u5927\u5176\u8bcd\uff0c\u8bf4\u4f60\u8ba8\u538c\u4ed6\u4eec\u3002\u8fd9\u786e\u5b9e\u5f88\u91cd\u8981\u3002\u5982\u679c\u6709\u4eba\u6709\u7ecf\u9a8c\u53ef\u4ee5\u9610\u660e\u8fd9\u4e2a\u95ee\u9898\uff0c\u6216\u8005\u77e5\u9053\u4efb\u4f55\u7ecf\u8fc7\u4e25\u683c\u5ba1\u67e5\u7684\u5b66\u672f\u7814\u7a76\uff0c\u8bf7\u5206\u4eab\uff01<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u56e0\u6b64\uff0c\u6211\u4eec\u9996\u5148\u9700\u8981\u77e5\u9053\uff0c\u662f\u5426\u6709\u4efb\u4f55\u673a\u6784\u4f1a\u56e0\u4e3a\u8fd9\u6b21\u629b\u552e\u800c\u9677\u5165\u4e25\u91cd\u56f0\u5883\uff0c\u8fd9\u4e2a\u95ee\u9898\u56f4\u7ed5\u7740\u5b83\u4eec\u6240\u627f\u62c5\u7684\u6760\u6746\u7387\u800c\u5c55\u5f00\u3002<\/p>\n<p>\u5176\u6b21\uff0c\u6211\u4eec\u9700\u8981\u77e5\u9053\u7f8e\u8054\u50a8\uff08\u548c\u5176\u4ed6\u592e\u884c\uff09\u88ab\u4fc3\u4f7f\u901a\u8fc7\u964d\u606f\u6216\u5176\u4ed6\u63aa\u65bd\u63d0\u4f9b\u6d41\u52a8\u6027\u6765\u62ef\u6551\u6240\u6709\u4eba\u7684\u53ef\u80fd\u6027\u3002<\/p>\n","protected":false},"author":1,"featured_media":2651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[6],"tags":[314,769,765,8,770],"class_list":["post-2645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-invest","tag-fen-xi","tag-769","tag-765","tag-8","tag-770"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790 - DiaoMao<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/diaomao.cc\/?p=2645\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790 - DiaoMao\" \/>\n<meta property=\"og:description\" content=\"\u56e0\u6b64\uff0c\u6211\u4eec\u9996\u5148\u9700\u8981\u77e5\u9053\uff0c\u662f\u5426\u6709\u4efb\u4f55\u673a\u6784\u4f1a\u56e0\u4e3a\u8fd9\u6b21\u629b\u552e\u800c\u9677\u5165\u4e25\u91cd\u56f0\u5883\uff0c\u8fd9\u4e2a\u95ee\u9898\u56f4\u7ed5\u7740\u5b83\u4eec\u6240\u627f\u62c5\u7684\u6760\u6746\u7387\u800c\u5c55\u5f00\u3002 \u5176\u6b21\uff0c\u6211\u4eec\u9700\u8981\u77e5\u9053\u7f8e\u8054\u50a8\uff08\u548c\u5176\u4ed6\u592e\u884c\uff09\u88ab\u4fc3\u4f7f\u901a\u8fc7\u964d\u606f\u6216\u5176\u4ed6\u63aa\u65bd\u63d0\u4f9b\u6d41\u52a8\u6027\u6765\u62ef\u6551\u6240\u6709\u4eba\u7684\u53ef\u80fd\u6027\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/diaomao.cc\/?p=2645\" \/>\n<meta property=\"og:site_name\" content=\"DiaoMao\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-06T07:43:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-06T07:43:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png\" \/>\n\t<meta property=\"og:image:width\" content=\"686\" \/>\n\t<meta property=\"og:image:height\" content=\"385\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"sandeli4444\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zhezhetalk\" \/>\n<meta name=\"twitter:site\" content=\"@zhezhetalk\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sandeli4444\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/diaomao.cc\/?p=2645#article\",\"isPartOf\":{\"@id\":\"https:\/\/diaomao.cc\/?p=2645\"},\"author\":{\"name\":\"sandeli4444\",\"@id\":\"https:\/\/diaomao.cc\/#\/schema\/person\/7013688eeb33fc17f3c38c452929766e\"},\"headline\":\"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790\",\"datePublished\":\"2024-08-06T07:43:43+00:00\",\"dateModified\":\"2024-08-06T07:43:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/diaomao.cc\/?p=2645\"},\"wordCount\":35,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/diaomao.cc\/#organization\"},\"image\":{\"@id\":\"https:\/\/diaomao.cc\/?p=2645#primaryimage\"},\"thumbnailUrl\":\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png\",\"keywords\":[\"\u5206\u6790\",\"\u66b4\u8dcc\",\"\u7ecf\u6d4e\u8870\u9000\",\"\u7f8e\u80a1\",\"\u91d1\u878d\u5371\u673a\"],\"articleSection\":[\"\u7f8e\u56fd\u52a0\u62ff\u5927\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/diaomao.cc\/?p=2645#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/diaomao.cc\/?p=2645\",\"url\":\"https:\/\/diaomao.cc\/?p=2645\",\"name\":\"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790 - DiaoMao\",\"isPartOf\":{\"@id\":\"https:\/\/diaomao.cc\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/diaomao.cc\/?p=2645#primaryimage\"},\"image\":{\"@id\":\"https:\/\/diaomao.cc\/?p=2645#primaryimage\"},\"thumbnailUrl\":\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png\",\"datePublished\":\"2024-08-06T07:43:43+00:00\",\"dateModified\":\"2024-08-06T07:43:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/diaomao.cc\/?p=2645#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/diaomao.cc\/?p=2645\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/diaomao.cc\/?p=2645#primaryimage\",\"url\":\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png\",\"contentUrl\":\"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png\",\"width\":686,\"height\":385},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/diaomao.cc\/?p=2645#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/diaomao.cc\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/diaomao.cc\/#website\",\"url\":\"https:\/\/diaomao.cc\/\",\"name\":\"DiaoMao\",\"description\":\"\u51fa\u6d77\u7f51\u8d5a, \u5168\u7403\u6295\u8d44, \u526f\u4e1a, \u65f6\u4e8b\u8d22\u7ecf\",\"publisher\":{\"@id\":\"https:\/\/diaomao.cc\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/diaomao.cc\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/diaomao.cc\/#organization\",\"name\":\"DiaoMao\",\"url\":\"https:\/\/diaomao.cc\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/diaomao.cc\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/diaomao.cc\/wp-content\/uploads\/2023\/12\/diaomao.cc-4.png\",\"contentUrl\":\"https:\/\/diaomao.cc\/wp-content\/uploads\/2023\/12\/diaomao.cc-4.png\",\"width\":151,\"height\":131,\"caption\":\"DiaoMao\"},\"image\":{\"@id\":\"https:\/\/diaomao.cc\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/zhezhetalk\",\"https:\/\/t.me\/ido2022\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/diaomao.cc\/#\/schema\/person\/7013688eeb33fc17f3c38c452929766e\",\"name\":\"sandeli4444\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/diaomao.cc\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/349304385dfc2cac2b789bbc6c9c4b2a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/349304385dfc2cac2b789bbc6c9c4b2a?s=96&d=mm&r=g\",\"caption\":\"sandeli4444\"},\"sameAs\":[\"http:\/\/www.diaomao.cc\"],\"url\":\"https:\/\/diaomao.cc\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790 - DiaoMao","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/diaomao.cc\/?p=2645","og_locale":"en_US","og_type":"article","og_title":"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790 - DiaoMao","og_description":"\u56e0\u6b64\uff0c\u6211\u4eec\u9996\u5148\u9700\u8981\u77e5\u9053\uff0c\u662f\u5426\u6709\u4efb\u4f55\u673a\u6784\u4f1a\u56e0\u4e3a\u8fd9\u6b21\u629b\u552e\u800c\u9677\u5165\u4e25\u91cd\u56f0\u5883\uff0c\u8fd9\u4e2a\u95ee\u9898\u56f4\u7ed5\u7740\u5b83\u4eec\u6240\u627f\u62c5\u7684\u6760\u6746\u7387\u800c\u5c55\u5f00\u3002 \u5176\u6b21\uff0c\u6211\u4eec\u9700\u8981\u77e5\u9053\u7f8e\u8054\u50a8\uff08\u548c\u5176\u4ed6\u592e\u884c\uff09\u88ab\u4fc3\u4f7f\u901a\u8fc7\u964d\u606f\u6216\u5176\u4ed6\u63aa\u65bd\u63d0\u4f9b\u6d41\u52a8\u6027\u6765\u62ef\u6551\u6240\u6709\u4eba\u7684\u53ef\u80fd\u6027\u3002","og_url":"https:\/\/diaomao.cc\/?p=2645","og_site_name":"DiaoMao","article_published_time":"2024-08-06T07:43:43+00:00","article_modified_time":"2024-08-06T07:43:46+00:00","og_image":[{"width":686,"height":385,"url":"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png","type":"image\/png"}],"author":"sandeli4444","twitter_card":"summary_large_image","twitter_creator":"@zhezhetalk","twitter_site":"@zhezhetalk","twitter_misc":{"Written by":"sandeli4444","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/diaomao.cc\/?p=2645#article","isPartOf":{"@id":"https:\/\/diaomao.cc\/?p=2645"},"author":{"name":"sandeli4444","@id":"https:\/\/diaomao.cc\/#\/schema\/person\/7013688eeb33fc17f3c38c452929766e"},"headline":"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790","datePublished":"2024-08-06T07:43:43+00:00","dateModified":"2024-08-06T07:43:46+00:00","mainEntityOfPage":{"@id":"https:\/\/diaomao.cc\/?p=2645"},"wordCount":35,"commentCount":0,"publisher":{"@id":"https:\/\/diaomao.cc\/#organization"},"image":{"@id":"https:\/\/diaomao.cc\/?p=2645#primaryimage"},"thumbnailUrl":"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png","keywords":["\u5206\u6790","\u66b4\u8dcc","\u7ecf\u6d4e\u8870\u9000","\u7f8e\u80a1","\u91d1\u878d\u5371\u673a"],"articleSection":["\u7f8e\u56fd\u52a0\u62ff\u5927"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/diaomao.cc\/?p=2645#respond"]}]},{"@type":"WebPage","@id":"https:\/\/diaomao.cc\/?p=2645","url":"https:\/\/diaomao.cc\/?p=2645","name":"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790 - DiaoMao","isPartOf":{"@id":"https:\/\/diaomao.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/diaomao.cc\/?p=2645#primaryimage"},"image":{"@id":"https:\/\/diaomao.cc\/?p=2645#primaryimage"},"thumbnailUrl":"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png","datePublished":"2024-08-06T07:43:43+00:00","dateModified":"2024-08-06T07:43:46+00:00","breadcrumb":{"@id":"https:\/\/diaomao.cc\/?p=2645#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/diaomao.cc\/?p=2645"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/diaomao.cc\/?p=2645#primaryimage","url":"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png","contentUrl":"https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png","width":686,"height":385},{"@type":"BreadcrumbList","@id":"https:\/\/diaomao.cc\/?p=2645#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/diaomao.cc\/"},{"@type":"ListItem","position":2,"name":"\u7f8e\u80a1\uff1a24\u5e748\u6708\u66b4\u8dcc\u7684\u5206\u6790"}]},{"@type":"WebSite","@id":"https:\/\/diaomao.cc\/#website","url":"https:\/\/diaomao.cc\/","name":"DiaoMao","description":"\u51fa\u6d77\u7f51\u8d5a, \u5168\u7403\u6295\u8d44, \u526f\u4e1a, \u65f6\u4e8b\u8d22\u7ecf","publisher":{"@id":"https:\/\/diaomao.cc\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/diaomao.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/diaomao.cc\/#organization","name":"DiaoMao","url":"https:\/\/diaomao.cc\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/diaomao.cc\/#\/schema\/logo\/image\/","url":"https:\/\/diaomao.cc\/wp-content\/uploads\/2023\/12\/diaomao.cc-4.png","contentUrl":"https:\/\/diaomao.cc\/wp-content\/uploads\/2023\/12\/diaomao.cc-4.png","width":151,"height":131,"caption":"DiaoMao"},"image":{"@id":"https:\/\/diaomao.cc\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/zhezhetalk","https:\/\/t.me\/ido2022"]},{"@type":"Person","@id":"https:\/\/diaomao.cc\/#\/schema\/person\/7013688eeb33fc17f3c38c452929766e","name":"sandeli4444","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/diaomao.cc\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/349304385dfc2cac2b789bbc6c9c4b2a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/349304385dfc2cac2b789bbc6c9c4b2a?s=96&d=mm&r=g","caption":"sandeli4444"},"sameAs":["http:\/\/www.diaomao.cc"],"url":"https:\/\/diaomao.cc\/?author=1"}]}},"uagb_featured_image_src":{"full":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png",686,385,false],"thumbnail":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47-150x150.png",150,150,true],"medium":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47-300x168.png",300,168,true],"medium_large":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png",686,385,false],"large":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png",686,385,false],"1536x1536":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png",686,385,false],"2048x2048":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47.png",686,385,false],"yarpp-thumbnail":["https:\/\/diaomao.cc\/wp-content\/uploads\/2024\/08\/image-47-120x120.png",120,120,true]},"uagb_author_info":{"display_name":"sandeli4444","author_link":"https:\/\/diaomao.cc\/?author=1"},"uagb_comment_info":0,"uagb_excerpt":"\u56e0\u6b64\uff0c\u6211\u4eec\u9996\u5148\u9700\u8981\u77e5\u9053\uff0c\u662f\u5426\u6709\u4efb\u4f55\u673a\u6784\u4f1a\u56e0\u4e3a\u8fd9\u6b21\u629b\u552e\u800c\u9677\u5165\u4e25\u91cd\u56f0\u5883\uff0c\u8fd9\u4e2a\u95ee\u9898\u56f4\u7ed5\u7740\u5b83\u4eec\u6240\u627f\u62c5\u7684\u6760\u6746\u7387\u800c\u5c55\u5f00\u3002 \u5176\u6b21\uff0c\u6211\u4eec\u9700\u8981\u77e5\u9053\u7f8e\u8054\u50a8\uff08\u548c\u5176\u4ed6\u592e\u884c\uff09\u88ab\u4fc3\u4f7f\u901a\u8fc7\u964d\u606f\u6216\u5176\u4ed6\u63aa\u65bd\u63d0\u4f9b\u6d41\u52a8\u6027\u6765\u62ef\u6551\u6240\u6709\u4eba\u7684\u53ef\u80fd\u6027\u3002","_links":{"self":[{"href":"https:\/\/diaomao.cc\/index.php?rest_route=\/wp\/v2\/posts\/2645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/diaomao.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/diaomao.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/diaomao.cc\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/diaomao.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2645"}],"version-history":[{"count":1,"href":"https:\/\/diaomao.cc\/index.php?rest_route=\/wp\/v2\/posts\/2645\/revisions"}],"predecessor-version":[{"id":2655,"href":"https:\/\/diaomao.cc\/index.php?rest_route=\/wp\/v2\/posts\/2645\/revisions\/2655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/diaomao.cc\/index.php?rest_route=\/wp\/v2\/media\/2651"}],"wp:attachment":[{"href":"https:\/\/diaomao.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/diaomao.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/diaomao.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}