{"id":10711,"date":"2026-07-28T16:35:26","date_gmt":"2026-07-28T08:35:26","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=10711"},"modified":"2026-07-28T16:35:29","modified_gmt":"2026-07-28T08:35:29","slug":"%e5%a6%82%e6%9e%9c%e7%be%8e%e8%81%94%e5%82%a8%e9%87%8d%e5%90%af%e9%87%8f%e5%8c%96%e5%ae%bd%e6%9d%be%ef%bc%88qe%ef%bc%89%ef%bc%8c%e9%bb%84%e9%87%91%e5%a4%a9%e8%8a%b1%e6%9d%bf%e5%9c%a8%e5%93%aa%e9%87%8c","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/10711","title":{"rendered":"\uc5f0\uc900\uc774 \uc591\uc801\uc644\ud654(QE)\ub97c \uc7ac\uac1c\ud55c\ub2e4\uba74 \uae08 \ud55c\ub3c4\ub294 \uc5b4\ub514\uc778\uac00?"},"content":{"rendered":"

\uc5f0\uc900\uc740 2025\ub144 12\uc6d4 \uae08\ub9ac\ub97c 25bp \uc778\ud558\ud558\uba74\uc11c '\uc9c0\uc900\uad00\ub9ac\ucc44 \ub9e4\uc785'\uc5d0 \ucc29\uc218\ud574 \uccab \ub2ec \uc57d 400\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \ub2e8\uae30 \uad6d\ucc44\ub97c \ub9e4\uc785\ud588\ub294\ub370, \uc774\ub294 \uc2dc\uc7a5\uc5d0\uc11c '\ubbf8\ub2c8 QE' \ubcf5\uadc0 \uc2e0\ud638\ub85c \ud574\uc11d\ub410\ub2e4. \ub274\uc2a4\uac00 \ub098\uc628 \ub0a0 \ub7f0\ub358 \ud604\ubb3c \uae08\uc740 \uc628\uc2a4\ub2f9 4,280\ub2ec\ub7ec\ub97c \ub118\uc5b4\uc130\uace0, COMEX \uae08\uc740 4,300\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\uc2b5\ub2c8\ub2e4. '\uae08\ucc9c\uc7a5'\uc774 \uc5b4\ub514\uc778\uac00\ub97c \ub458\ub7ec\uc2fc \ub17c\uc7c1\uc774 \ub2e4\uc2dc \ub728\uac70\uc6cc\uc84c\ub2e4. \uae08\uc740 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uad6c\uccb4\uc801\uc778 \uac00\uaca9\uc744 \uc608\uce21\ud558\ub294 \uac83\ubcf4\ub2e4 \ub354 \uc911\uc694\ud55c \uac83\uc740 \uc720\ub3d9\uc131\uc758 \ub17c\ub9ac\ub97c \uc774\ud574\ud558\uace0, \uc790\uc2e0\uc758 \uc2ec\ub9ac\uc801 \ud3b8\ud5a5\uc744 \ud30c\uc545\ud558\uba70, \ub192\uc740 \ubcc0\ub3d9\uc131\uc744 \uac00\uc9c8 \uc218 \uc788\ub294 \uac70\ub798 \uba54\ucee4\ub2c8\uc998\uc744 \uc120\ud0dd\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc774\uac83\uc774 \ubc14\ub85c \uadc0\uae08\uc18d \uac70\ub798 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \ub17c\uc758\ub418\ub294 WMAX\uc758 \uac00\uce58\uc785\ub2c8\ub2e4.<\/p>\n

\uc5f0\uc900\uc774 QE\ub97c \uc7ac\uac1c\ud558\uba74 \uae08\uc758 \"\ud55c\uacc4\"\ub294 \uc5b4\ub5bb\uac8c \uacb0\uc815\ub429\ub2c8\uae4c?<\/p>\n

\uc5ed\uc0ac\ub97c \ub418\ub3cc\uc544\ubcf4\uba74, QE\uc5d0 \ub300\ud55c \uae08\uc758 \ubc18\uc751\uc740 \uacb0\ucf54 \uc120\ud615\uc801 \ucd94\uc815\uc774 \uc544\ub2c8\uc5c8\uc2b5\ub2c8\ub2e4. 2008\ub144\uc5d0 \uc5f0\uc900\uc774 \ub300\ucc28\ub300\uc870\ud45c\ub97c \ubbf8\ud654 1\uc870 3,500\uc5b5 \ub2ec\ub7ec \ud655\uc7a5\ud588\uc744 \ub54c \uae08 \uac00\uaca9\uc740 \ubbf8\ud654 680\ub2ec\ub7ec\uc5d0\uc11c \ubbf8\ud654 1,920\ub2ec\ub7ec\ub85c \uc57d 182% \uc99d\uac00\ud588\uc2b5\ub2c8\ub2e4. 2020\ub144 \ubb34\uc81c\ud55c QE \uae30\uac04 \ub3d9\uc548 \uae08 \uac00\uaca9\uc740 \ubbf8\ud654 1,450\ub2ec\ub7ec\uc5d0\uc11c 2,075\ub2ec\ub7ec\ub85c \uae09\ub4f1\ud588\uc2b5\ub2c8\ub2e4. 3\ucc28\ub840\uc758 \uae08\ub9ac\uc778\ud558 \uc0ac\uc774\ud074 \uc911 \uac15\ud55c \uc720\ub3d9\uc131 \uc0ac\uc774\ud074 \ub3d9\uc548 \uae08\uc758 \ud3c9\uade0 \ucd5c\ub300 \uc0c1\uc2b9\ub960\uc740 183.4%\uc5d0 \ub2ec\ud588\ub2e4.<\/p>\n

\uadf8\ub7ec\ub098 \"\ucc9c\uc7a5\"\uc740 \ub2e8\uc21c\ud788 \ud654\ud3d0 \uc778\uc1c4 \uaddc\ubaa8\uc5d0 \uc758\ud574\uc11c\uac00 \uc544\ub2c8\ub77c \ub2e4\uc74c \ub124 \uac00\uc9c0 \ud798\uc758 \uad50\ucc28\uc5d0 \uc758\ud574 \uacb0\uc815\ub429\ub2c8\ub2e4.<\/p>\n

\uc2e4\uc9c8\uae08\ub9ac \ucc44\ub110: QE\ub294 \ub2e8\uae30\uae08\ub9ac\ub97c \ub0ae\ucda5\ub2c8\ub2e4. \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\uce58\uac00 \ub3d9\uc2dc\uc5d0 \uc0c1\uc2b9\ud558\uace0 \uc2e4\uc9c8 \uae08\ub9ac\uac00 \ud558\ub77d\ud558\uba74 \ubb34\uc774\uc790 \uae08 \ubcf4\uc720 \ube44\uc6a9\uc774 \uac10\uc18c\ud558\uace0 \uac00\uce58 \ud3c9\uac00 \uae30\uc900\uc774 \uc0c1\uc2b9\ud558\uac8c \ub429\ub2c8\ub2e4.<\/p>\n

\ubbf8\uad6d \ub2ec\ub7ec \uc2e0\uc6a9 \ud560\uc778: \uae00\ub85c\ubc8c \uc911\uc559\uc740\ud589\uc740 \ubcf4\uc720\uace0 \ub2e4\uac01\ud654\uc5d0 \ub300\ud55c \uc694\uad6c\ub97c \ubc18\uc601\ud558\uc5ec \uae08 \uc21c\ub9e4\uc785\uc744 \uacc4\uc18d\ud558\uace0 \uc788\uc73c\uba70(2025\ub144 \uccab 3\ubd84\uae30 \ub3d9\uc548 634\ud1a4, \uc804\ub144 \ub300\ube44 +18%), \ubbf8\uad6d \ub2ec\ub7ec \uc2e0\uc6a9 \ubd88\uc548\uc73c\ub85c \uc778\ud574 \uae08\uc5d0 '\uc7a5\uae30 \ud504\ub9ac\ubbf8\uc5c4'\uc774 \ucd94\uac00\ub429\ub2c8\ub2e4.<\/p>\n

\uc218\uae09 \uacbd\uc9c1\uc131: \uad11\ubb3c \uae08 \uacf5\uae09 \uc99d\uac00\uc728\uc740 \uc624\ub7ab\ub3d9\uc548 2% \ubbf8\ub9cc\uc744 \uc720\uc9c0\ud574 \uc654\uc2b5\ub2c8\ub2e4. \uc911\uc559\uc740\ud589+ETF+\ud604\ubb3c\uc18c\ube44\uac00 \ucd5c\uc800\ub9e4\uc218\uc21c\uc11c\ub97c \uad6c\uc131\ud558\uc9c0\ub9cc \ud22c\uae30\uc801 \uc0c1\uc2b9\uc138\uac00 \ubd90\ube44\uba74 \ub418\ub3cc\ub9bc\uc774 \ud655\ub300\ub429\ub2c8\ub2e4.<\/p>\n

\uc815\ucc45 \ubc18\uc0ac\uc131: \uc7ac\uc815 \ud655\uc7a5\uacfc \ud568\uaed8 QE\uac00 \ud1b5\uc81c\ub97c \ubc97\uc5b4\ub098\uace0 \uc2dc\uc7a5\uc774 \"\uc778\ud50c\ub808\uc774\uc158 \ubc29\uc9c0\"\uc5d0\uc11c \"\uc774\uc790 \ucd94\uad6c\"\ub85c \uc804\ud658\ub418\uba74 \uae08\ub3c4 \uc704\ud5d8 \uc790\uc0b0\uacfc \ud568\uaed8 \ud558\ub77d\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\uae30\uad00 \uacc4\uc0b0\uc5d0 \ub530\ub974\uba74 \ub099\uad00\uc801\uc778 \uc2dc\ub098\ub9ac\uc624\uc5d0\uc11c \uc5f0\uc900\uc774 2026\ub144\uc5d0 \uc591\uc801 \ud655\uc7a5\uc73c\ub85c \uc804\ud658\ud560 \uacbd\uc6b0 \uae08 \uac00\uaca9 \ud14c\uc2a4\ud2b8 \ubc94\uc704\uc778 5,000~5,600\ub2ec\ub7ec\uc5d0\ub294 \uc720\ub3d9\uc131 \uae30\ubc18\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \"\uc0c1\ud55c\uc120\"\uc740 \uc218\ud559\uc801 \uace0\uc815 \uac12\uc774 \uc544\ub2c8\ub77c \uac70\uc2dc\uc801 \uacbd\ub85c\uc5d0 \ub530\ub978 \ub3d9\uc801 \ubc94\uc704\uc785\ub2c8\ub2e4. \ud2b9\uc815 \ud22c\uc790 \uc740\ud589\uc758 \ubaa9\ud45c \uac00\uaca9\uc744 \"\ud544\uc218 \ub3c4\ub2ec \uc9c0\uc810\"\uc73c\ub85c \uac04\uc8fc\ud558\ub294 \ubaa8\ub4e0 \uc811\uadfc \ubc29\uc2dd \uc790\uccb4\uac00 \ud589\ub3d9 \uae08\uc735\uc758 \ud568\uc815\uc5d0 \ube60\uc84c\uc2b5\ub2c8\ub2e4.<\/p>\n

\"\uc575\ucee4\ub9c1 \ud6a8\uacfc(Anchoring Effect)\": \uc5b4\ub5bb\uac8c \uc790\uc2e0\uc744 \uc815\uc0c1\uc5d0 \uace0\uc815\uc2dc\ud0a4\ub098\uc694?<\/p>\n

\ud589\ub3d9\uc7ac\ubb34\uc5d0\uc11c \uc575\ucee4\ub9c1 \ud6a8\uacfc\ub294 \uc758\uc0ac\uacb0\uc815\uc790\uac00 \ucc38\uc870 \ud504\ub808\uc784\uc73c\ub85c \uc811\ud558\ub294 \uccab \ubc88\uc9f8 \uc22b\uc790\uc5d0 \uacfc\ub3c4\ud558\uac8c \uc758\uc874\ud558\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \uae08 \uc2dc\uc7a5\uc5d0\ub294 \ub450 \uac00\uc9c0 \uc804\ud615\uc801\uc778 \ubcc0\ud615\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\uccab \ubc88\uc9f8 \uc720\ud615: \ud558\uc774\ud3ec\uc778\ud2b8 \uc575\ucee4.\u200b \uae08\uac12\uc774 2650\uc5d0\uc11c 4400\uc73c\ub85c, \uadf8\ub9ac\uace0 5600\uc73c\ub85c \uc624\ub974\uc790 \uac1c\uc778\ud22c\uc790\uc790\ub4e4\uc740 '5600'\uc744 \ub1cc\ub9ac\uc5d0 \uc0c8\uacbc\ub2e4. \uac00\uaca9\uc774 4800\uc73c\ub85c \ub5a8\uc5b4\uc84c\uc744 \ub54c \uadf8\ub4e4\uc740 \"800\ub2ec\ub7ec \ub354 \uc800\ub834\ud558\ubbc0\ub85c \ubc14\ub2e5\uc744 \uc0ac\ub77c\"\uace0 \uc0dd\uac01\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n

\ub450 \ubc88\uc9f8 \uc720\ud615: \ube44\uc6a9 \uc575\ucee4. 5200\uc5d0 \uad6c\ub9e4\ud558\uace0 \uac07\ud78c \ud6c4 \uc575\ucee4 \ud3ec\uc778\ud2b8\ub294 \uc790\uc2e0\uc758 \ud3ec\uc9c0\uc158 \ube44\uc6a9\uc774 \ub429\ub2c8\ub2e4. '\ud68c\ubcf5 \uac00\uaca9' \uc544\ub798\ub85c \ubc18\ub4f1\ud560 \ub54c\ub9c8\ub2e4 \uc778\ud558\ub97c \uaebc\ub9b0\ub2e4. \ube44\uc6a9 \uc774\ud558\ub85c \ub5a8\uc5b4\uc9c0\uba74 \ud3ec\uc9c0\uc158\uc774 \ub298\uc5b4\ub098\uace0 \ud76c\uc11d\ub429\ub2c8\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c \ud3ec\uc9c0\uc158\uc774 \ubb34\uac70\uc6b8\uc218\ub85d \uccad\uc0b0\uc120\uc5d0 \uac00\uae4c\uc6cc\uc9d1\ub2c8\ub2e4.<\/p>\n

2026\ub144 1\uc6d4 30\uc77c, 28\ubd84 \ub9cc\uc5d0 US$380\uac00 \uc99d\ubc1c\ud558\ub294 \ud50c\ub798\uc2dc \ud06c\ub798\uc2dc\uac00 \ubc1c\uc0dd\ud588\uc2b5\ub2c8\ub2e4. \ub9ce\uc740 \uacc4\uc88c\uac00 \uace0\uc815 \uc0ac\uace0\ubc29\uc2dd\uc5d0 \ub530\ub77c \uc815\ub958\uc7a5 \uc774\ub3d9\uc744 \uac70\ubd80\ud588\uc73c\uba70 \uacb0\uad6d \ud3ec\uc9c0\uc158\uc744 \uccad\uc0b0\ud574\uc57c \ud588\uc2b5\ub2c8\ub2e4. \uc575\ucee4\ub9c1 \ud6a8\uacfc\uac00 \uce58\uba85\uc801\uc778 \uc774\uc720\ub294 \uc190\uc2e4 \ud68c\ud53c(\uc190\uc2e4 \uace0\ud1b5 \u2252 \uc774\uc775 \ud589\ubcf5 2\ubc30)\uc640 \uacb9\uce58\uae30 \ub54c\ubb38\uc774\ub2e4. \uac00\uaca9\uc744 \ubcf4\ub294 \uac83\uc774 \uc544\ub2c8\ub77c '\uc790\uc2e0\uc758 \ucd5c\uace0\uc810'\uacfc \uacbd\uc7c1\ud558\ub294 \uac83\uc774\ub2e4.<\/p>\n

\uadc0\uae08\uc18d \uac70\ub798 \uba54\ucee4\ub2c8\uc998\uc5d0\uc11c WMAX\uc758 \ud3ec\uc9c0\uc154\ub2dd: \"\uc778\uc9c0\uc801 \ud3b8\ud5a5\"\uc744 \uad00\ub9ac \uac00\ub2a5\ud55c \ub9e4\uac1c\ubcc0\uc218\ub85c \ubd84\ud574<\/p>\n

\uae08\uacfc \uc740 \ud22c\uc790\uc790\ub97c \uc704\ud55c \uc628\ub77c\uc778 \uadc0\uae08\uc18d \uac70\ub798 \uc561\uc138\uc2a4 \uacc4\uce35(\ub7f0\ub358 \uae08, \ub7f0\ub358 \uc740 \ubc0f \uae30\ud0c0 \ub9c8\uc9c4 \ud488\uc885 \uc9c0\uc6d0)\uc73c\ub85c\uc11c WMAX\uc758 \uacf5\uac1c \uae30\ub2a5 \uc124\uacc4 \uc544\uc774\ub514\uc5b4\ub294 \uc704\uc758 \ub450 \uac00\uc9c0 \uc720\ud615\uc758 \ubb38\uc81c\uc810\uacfc \uc815\ud655\ud788 \uc77c\uce58\ud569\ub2c8\ub2e4.<\/p>\n

1. \uc2dc\uc7a5 \uc575\ucee4\uc640 \uc2e4\ud589 \uc575\ucee4\uc758 \ubd84\ub9ac<\/p>\n

\uc774 \ud50c\ub7ab\ud3fc\uc740 MT5\/ECN \uc2dc\uc138 \ucc44\ub110\uc744 \ud1b5\ud569\ud558\uc5ec \uc2e4\uc2dc\uac04 \ub7f0\ub358 \uae08 \ubc0f \uc740 \uc2dc\uc138, COMEX \ud3ec\uc9c0\uc158, ETF \ud750\ub984 \ubc0f \ubbf8\uad6d \uc7ac\ubb34\ubd80 \uc2e4\uc9c8 \uae08\ub9ac \ud328\ub110\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \uadf8 \uae30\ub2a5\uc740 \"\ud55c\ub3c4\uac00 \uc5b4\ub514\uc778\uc9c0\" \uc54c\ub824\uc8fc\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \uc5f0\uc900\uc758 \ub300\ucc28\ub300\uc870\ud45c, TIPS \uc218\uc775\ub960, \uc911\uc559\uc740\ud589 \uae08 \uad6c\ub9e4 \ub370\uc774\ud130\ub97c \ub098\ub780\ud788 \uc81c\uc2dc\ud558\uc5ec \uac70\ub798\uc790\ub4e4\uc774 \ub2e8\uc77c \uc575\ucee4(\uace0\uc810 \uc22b\uc790) \ub300\uc2e0 \uc5ec\ub7ec \uc575\ucee4\ub97c \uc0ac\uc6a9\ud558\ub3c4\ub85d \uac15\uc694\ud558\uc5ec \"5600\uc740 \uae68\uc838\uc57c \ud55c\ub2e4\"\ub294 \uac15\ubc15\uad00\ub150\uc744 \uc57d\ud654\uc2dc\ud0a4\ub294 \uac83\uc785\ub2c8\ub2e4.<\/p>\n

2. \uc2dc\uac01\ud654 \ubc0f \ud558\ub4dc \uc2a4\ud1b1 \uc190\uc2e4 \ud65c\uc6a9<\/p>\n

WMAX \ubc31\uc5d4\ub4dc\ub294 \"\ud604\uc7ac \ub808\ubc84\ub9ac\uc9c0 \ube44\uc728 \u2192 \uc5ed\ubcc0\ub3d9 X%\uac00 \uac15\uc81c \uccad\uc0b0\uc744 \uc720\ubc1c\ud569\ub2c8\ub2e4\"\ub97c \uc2e4\uc2dc\uac04 \uc2a4\ucf00\uc77c \ubc14\uc5d0 \ud45c\uc2dc\ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ub808\ubc84\ub9ac\uc9c0 100\ubc30 \ubbf8\ub9cc\uc5d0\uc11c \uae08 \uac00\uaca9\uc774 1% \ubc18\ub300 \ubc29\ud5a5\uc73c\ub85c \uc6c0\uc9c1\uc774\uba74 \uc120\uc5d0 \ub2ff\uac8c \ub429\ub2c8\ub2e4. \uc190\uc808\ub9e4 \ubc0f \ucd94\uc801 \uc190\uc808\ub9e4\uc5d0 \ud611\ub825\ud558\uc5ec \"\ud3ec\uae30\ud558\uae30 \uaebc\ub824\ud558\ub294\" \uc678\ubd80\ud654\ub41c \uac70\ub798 \uc2dc\uc2a4\ud15c\uc744 \uc778\uc218\ud558\uace0 \uc190\uc2e4 \ud610\uc624\uc5d0 \ub9de\uc11c \uc2f8\uc6b0\uc2ed\uc2dc\uc624.<\/p>\n

3. \uc591\ubc29\ud5a5 \ubc0f \ub9c8\uc774\ud06c\ub85c \ucc3d\uace0 \uba54\ucee4\ub2c8\uc998<\/p>\n

\ucd5c\uc18c \uac70\ub798 \uc2dc\uc791 \uac00\uaca9\uc740 0.01\ub78f\uc73c\ub85c \uae08\/\uc740 \ub9e4\uc218 \ubc0f \ub9e4\ub3c4 \ud3ec\uc9c0\uc158\uc758 \uc591\ubc29\ud5a5 \uac1c\ubc29\uc744 \uc9c0\uc6d0\ud569\ub2c8\ub2e4. QE\uac00 \ub3cc\uc544\uc62c \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \uae30\uac04 \ub3d9\uc548 \ud22c\uc790\uc790\ub294 \uc804\uccb4 \ud3ec\uc9c0\uc158 \ubc29\ud5a5\uc5d0 \ubca0\ud305\ud558\ub294 \ub300\uc2e0 \uc5ed \ud5e4\uc9d5(\uc608: \uae08 \ub9e4\uc218\uc640 \uc740 \ub9e4\ub3c4 \uac04\uc758 \uac00\uaca9 \ucc28\uc774)\uc744 \uc704\ud574 \uc544\uc8fc \uc791\uc740 \ud3ec\uc9c0\uc158\uc744 \uc0ac\uc6a9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uadf8 \uc790\uccb4\ub85c \uc575\ucee4\ub9c1 \ud6a8\uacfc\uc5d0 \ub300\ud55c \uae30\uc220\uc801 \ud574\ub3c5\uc81c\uc785\ub2c8\ub2e4.<\/p>\n

4. \uc2dc\ubbac\ub808\uc774\uc158 \ub514\uc2a4\ud06c \ubc0f \ud589\ub3d9 \uc7ac\uc0dd<\/p>\n

WMAX\ub294 \uc2dc\ubbac\ub808\uc774\uc158\ub41c \uac70\ub798 \ud658\uacbd\uc744 \uc81c\uacf5\ud558\uace0 \uac01 \uc8fc\ubb38\uc5d0 \ub300\ud55c \"\uac1c\uc2dc \uc774\uc720 \ud0dc\uadf8\"\ub97c \uae30\ub85d\ud569\ub2c8\ub2e4. \uac80\ud1a0\ud558\ub294 \ub3d9\uc548 \"\uc8fc\ubb38 \uc190\uc2e4\uc5d0 \ub300\ud55c \uc2dc\uc791 \ubc1c\uc5b8\uc758 80%\uac00 '\ucd5c\uace0\uc810\ubcf4\ub2e4 200\ub2ec\ub7ec \ubd80\uc871\ud569\ub2c8\ub2e4'\"\ub77c\ub294 \uac83\uc744 \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc885\ub958\uc758 \ub370\uc774\ud130 \uae30\ubc18 \ud53c\ub4dc\ubc31\uc740 \uc5b4\ub5a4 \uc124\uad50\ubcf4\ub2e4 \ub2fb\uc744 \ub354 \uc798 \uae68\ub728\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

5. \ud22c\uba85\ud55c \ube44\uc6a9\uad6c\uc870<\/p>\n

\uc2a4\ud504\ub808\ub4dc, \uc775\uc77c\uc774\uc790, \ub9c8\uc9c4\ucf5c \ube44\uc728\uc744 \uc8fc\ubb38 \ud655\uc778 \ud398\uc774\uc9c0 \uc804\uba74\uc5d0 \ud45c\uc2dc\ud558\uc5ec \"\ube44\uc6a9\uc774 \uc800\ub834\ud558\ub2e4\uace0 \uc0dd\uac01 \u2192 \ube48\ubc88\ud55c \ud5d0\uac12 \uc0ac\ub0e5 \u2192 \ucc98\ub9ac \uc218\uc218\ub8cc \ubc0f \uc2a4\uc651\uc5d0 \uc7a0\uc2dd\ub41c\ub2e4\"(\"\uc9c0\ub09c\ubc88 \ucc98\ub9ac \uc218\uc218\ub8cc \uc190\uc2e4 \uc5c6\uc74c\"\uc744 \uc548\uc804 \ub9c8\uc9c4\uc73c\ub85c \uac04\uc8fc)\ub77c\ub294 \uc554\ubb35\uc801\uc778 \uace0\uc815\uc744 \ud53c\ud558\uae30 \uc704\ud574 \ud45c\uc2dc\ub429\ub2c8\ub2e4.<\/p>\n

WMAX\uc758 \ud2b9\uc815 \uaddc\uc81c \uc18c\uc18d, \ub77c\uc774\uc13c\uc2a4 \ubc88\ud638, \uc790\uae08 \ubd84\ub9ac \uc740\ud589 \ubc0f \uae30\ud0c0 \uc815\ubcf4\ub294 \ud50c\ub7ab\ud3fc \uacf5\uc2dd \uc6f9\uc0ac\uc774\ud2b8\uc758 \ubc1c\ud45c\uc640 \ud574\ub2f9 \uad00\ud560\uad8c\uc758 \uaddc\uc81c \uae30\uad00\uc5d0 \uc758\ud55c \uacf5\uac1c \ub4f1\ub85d\uc758 \uc801\uc6a9\uc744 \ubc1b\uc544\uc57c \ud569\ub2c8\ub2e4. \uc774 \uae30\uc0ac\ub294 \uaddc\uc81c \uc0c1\ud0dc\uc5d0 \ub300\ud574 \ud655\uc778\ub418\uc9c0 \uc54a\uc740 \uc8fc\uc7a5\uc744 \ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>\n

\"\uc790\uae08<\/p>\n

QE\uac00 \uc815\ub9d0\ub85c \ub2e4\uc2dc \uc2dc\uc791\ub41c\ub2e4\uba74: \uae08\uacfc \uc740 \ud22c\uc790\uc790\ub97c \uc704\ud55c \uc6b4\uc601 \ud504\ub808\uc784\uc6cc\ud06c<\/p>\n

\uac70\uc2dc\uc801 \ud310\ub2e8, \uc2ec\ub9ac\uc801 \ud3b8\uacac, \ub3c4\uad6c \uc120\ud0dd\uc744 \uc885\ud569\ud558\uba74 \ube44\uad50\uc801 \uc644\uc804\ud55c \uc758\uc0ac \uacb0\uc815 \uccb4\uc778\uc744 \uc5bb\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n

\uba3c\uc800 \uc0c1\ud669\uc744 \uacb0\uc815\ud55c \ub2e4\uc74c \ubc94\uc704\ub97c \uacb0\uc815\ud558\uc2ed\uc2dc\uc624. QE \uc7ac\uac1c + \uc778\ud50c\ub808\uc774\uc158 \uc0c1\uc2b9 \u2192 \uc2e4\uc9c8 \uae08\ub9ac\uac00 \ubd95\uad34\ub418\uc5b4 \uac15\uc138 \ubc94\uc704(4300-5600 \ud14c\uc2a4\ud2b8) \ucabd\uc73c\ub85c \uae30\uc6b8\uc5b4\uc9d0; QE\uac00 \uc7ac\uac1c\ub418\uc9c0\ub9cc \ubbf8\uad6d \ub2ec\ub7ec\ub294 \uac15\uc138 + \uc704\ud5d8 \uc120\ud638\ub3c4 \uc0c1\uc2b9 \u2192 \uae08 \ubc94\uc704\ub294 \ubcc0\ub3d9\ud558\uace0 \uc740\uc740 \ub354 \ud0c4\ub825\uc801\uc774\uc9c0\ub9cc \ub354 \uc2ec\ud558\uac8c \ud6c4\ud1f4\ud569\ub2c8\ub2e4.<\/p>\n

\"\ub2e8\uc77c \uc575\ucee4\"\ub97c \ub04a\uc73c\ub824\uba74 \"\ub2e4\uc911 \uc575\ucee4\"\ub97c \uc0ac\uc6a9\ud558\uc2ed\uc2dc\uc624. \ud310\ub2e8 \uae30\uc900\uc810\uc744 '\uc5ed\uc0ac\uc801 \ucd5c\uace0\uce58'\uc5d0\uc11c '10\ub144 TIPS \uc218\uc775\ub960 + \uc911\uc559\uc740\ud589 \uc21c \uae08 \ub9e4\uc785 \ubd84\uae30\ubcc4 \ubcc0\ub3d9 + COMEX \uc21c \ub9e4\uc218 \ud3ec\uc9c0\uc158'\uc758 \uc0bc\uc911 \uae30\uc900\uc810\uc73c\ub85c \ubcc0\uacbd\ud569\ub2c8\ub2e4.<\/p>\n

\ub808\ubc84\ub9ac\uc9c0\ub294 \ud655\uc2e4\uc131\uc5d0 \ubc18\ube44\ub840\ud569\ub2c8\ub2e4. QE\ub294 \ucd08\uae30 \ub2e8\uacc4\uc5d0\uc11c \ubd88\ud655\uc2e4\uc131\uc774 \uac00\uc7a5 \ub192\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70 \ub808\ubc84\ub9ac\uc9c0\ub294 \ub0ae\uc544\uc57c \ud569\ub2c8\ub2e4(20\ubc30 \uc774\ud558). \ucd94\uc138\uac00 \ud655\uc778\ub41c \ud6c4 \uc7a5\uae30\uac04 100\ud68c \uc774\uc0c1 \uc720\uc9c0\ud558\ub294 \uac83\uc740 \uad8c\uc7a5\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ub192\uc740 \ub808\ubc84\ub9ac\uc9c0\ub294 \ud50c\ub798\uc2dc \ud06c\ub798\uc2dc\uc5d0\uc11c \uc0b4\uc544\ub0a8\uc9c0 \ubabb\ud569\ub2c8\ub2e4.<\/p>\n

WMAX \uc720\ud615 \ub3c4\uad6c\uc758 \uc62c\ubc14\ub978 \uc0ac\uc6a9\ubc95. \"\ub2e8\uc77c \uc18c\uc2a4 \ud638\ucd9c\"\ubcf4\ub2e4\ub294 \"\uc2e4\ud589 \ubc0f \uc704\ud5d8 \uc81c\uc5b4 \ud130\ubbf8\ub110\"\ub85c \ucde8\uae09\ud558\uc2ed\uc2dc\uc624. \uc2dc\ubbac\ub808\uc774\uc158\ub41c \ub514\uc2a4\ud06c\ub97c \uc0ac\uc6a9\ud558\uc5ec QE \uae30\ub300 \u2192 \uc704\uc870 \u2192 \uac00\uaca9 \uc870\uc815 \uc8fc\uae30\ub97c \uac70\uce5c \ub2e4\uc74c \uc2e4\uc81c \uc81c\uc548\uc5d0 \ub4e4\uc5b4\uac11\ub2c8\ub2e4.<\/p>\n

\uc885\ub8cc \uac00\uaca9\uc740 \ubbf8\ub9ac \uc124\uc815\ub418\uc5b4 \uc788\uc73c\uba70 \uc0c1\ud55c\uc120\uc740 \ubbf8\ub9ac \uc124\uc815\ub418\uc5b4 \uc788\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc801\uc5b4\ubcf4\uc138\uc694: \"\uae08 \uac00\uaca9\uc774 \ub3c4\ub2ec\ud558\uba74<\/p>\n

\uacb0\ub860: \ucc9c\uc7a5\uc740 \uc720\ub3d9\uc801\uc774\uace0 \ubc14\ub2e5\uc740 \uc2ec\ub9ac\uc801\uc774\ub2e4<\/p>\n

\uc5f0\uc900\uc774 QE\ub97c \uc7ac\uac1c\ud558\uba74 \uae08\uc740 \uc2e4\uc81c\ub85c \uc5ed\uc0ac\uc801 \uadf9\ub2e8\uc5d0 \ub3c4\uc804\ud560 \uc218 \uc788\ub294 \uac00\uaca9 \uacf5\uac04\uc744 \uac16\uac8c \ub420 \uac83\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uadf8 \uc22b\uc790\ub294 \uc5f0\uad6c \ubcf4\uace0\uc11c \ud45c\uc9c0\uc5d0 \uae30\ub85d\ub418\uc9c0 \uc54a\uc9c0\ub9cc \ubaa8\ub4e0 \uae08\ub9ac \uba85\uc138\uc11c, \uc911\uc559 \uc740\ud589 \uae08 \uad6c\ub9e4 \ud1a4, \ubaa8\ub4e0 TIPS \uacac\uc801\uc5d0\uc11c \ub3d9\uc801\uc73c\ub85c \uc0dd\uc131\ub429\ub2c8\ub2e4. \uc18c\ub9e4 \ud22c\uc790\uc790\ub4e4\uc744 \uc2e4\uc81c\ub85c \uac00\uc7a5 \ub192\uc740 \uc9c0\uc810\uc5d0 \uace0\uc815\uc2dc\ud0a4\ub294 \uac83\uc740 \uc5f0\ubc29\uc900\ube44\uc740\ud589\uc774 \uc544\ub2c8\ub77c, \uc6c0\uc9c1\uc774\uae30\ub97c \uac70\ubd80\ud558\ub294 \uadf8\ub4e4 \uc790\uc2e0\uc758 \ub9c8\uc74c \uc18d\uc5d0 \uc788\ub294 \"\ub2fb\"\uc785\ub2c8\ub2e4.<\/p>\n

WMAX\uc640 \uac19\uc740 \uadc0\uae08\uc18d \uac70\ub798 \uba54\ucee4\ub2c8\uc998\uc758 \uac00\uce58\ub294 \uc0c1\ud55c\uc120\uc744 \uc608\uce21\ud558\ub294 \ub370 \uc788\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \uac80\uc99d \uac00\ub2a5\ud558\uace0 \ubc18\ubcf5 \uac00\ub2a5\ud558\uba70 \uc5c4\uaca9\ud55c \uc190\uc2e4 \uc815\uc9c0 \ucee8\ud14c\uc774\ub108 \uc138\ud2b8\ub97c \uc81c\uacf5\ud558\uc5ec \ud22c\uc790\uc790\uac00 5000\uacfc 5600 \uc0ac\uc774\uc758 \ub17c\uc7c1\uc5d0\uc11c \ub808\ubc84\ub9ac\uc9c0\ub85c \uc778\ud574 \ud729\uc4f8\ub9ac\ub294 \uac83\uc744 \ubc29\uc9c0\ud560 \uc218 \uc788\ub2e4\ub294 \ub370 \uc788\uc2b5\ub2c8\ub2e4. \uacb0\uad6d QE \ucd94\uc138\uc5d0\ub294 \ub450 \uac00\uc9c0 \uc720\ud615\uc758 \uc0ac\ub78c\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ud558\ub098\ub294 \uc5bc\ub9c8\ub098 \ub9ce\uc740 \ub3c8\uc744 \ubc8c \uc218 \uc788\ub294\uc9c0 \uacc4\uc0b0\ud558\uace0 \ub2e4\ub978 \ud558\ub098\ub294 \uc5bc\ub9c8\ub098 \ub9ce\uc740 \ubcc0\ub3d9\uc131\uc744 \uacac\ub51c \uc218 \uc788\ub294\uc9c0 \uacc4\uc0b0\ud569\ub2c8\ub2e4. \ud6c4\uc790\ub294 \ubc18\ub4dc\uc2dc \uac00\uc7a5 \ub9ce\uc740 \ub3c8\uc744 \ubc8c \uc218\ub294 \uc5c6\uc9c0\ub9cc \ub2e4\uc74c \uc8fc\uae30\uae4c\uc9c0 \uc0b4\uc544\ub0a8\uc744 \uac83\uc785\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"

\uc5f0\uc900\uc758 \uc591\uc801 \uc644\ud654(QE)\uc5d0 \ub300\ud55c \uae30\ub300\uc5d0 \ub530\ub77c \uae08\uacfc \uc740\uc758 \uac00\uaca9 \ucc45\uc815 \ub17c\ub9ac\uc640 \"\ud55c\uacc4\" \ub17c\uc7c1\uc744 \ubd84\uc11d\ud569\ub2c8\ub2e4. \uc774 \uae00\uc740 \uc2e4\uc9c8\uae08\ub9ac, \ubbf8\uad6d \ub2ec\ub7ec\ud654 \uc2e0\uc6a9, \uc911\uc559\uc740\ud589 \uae08\ub9e4\uc785\uc758 4\uac00\uc9c0 \uc8fc\uc694 \uc6d0\ub3d9\ub825\uc744 \uacb0\ud569\ud558\uc5ec \"\uace0\uc810 \uc575\ucee4\" \ubc0f \"\ube44\uc6a9 \uc575\ucee4\"\ub85c \uc778\ud55c \uac15\uc81c \uccad\uc0b0 \uc190\uc2e4\ub85c \uc774\uc5b4\uc9c0\ub294 \ud22c\uc790\uc790\uc758 \ud589\ub3d9 \uc2ec\ub9ac\ub97c \uc2ec\uce35\uc801\uc73c\ub85c \ubc1d\ud788\uace0 \uba40\ud2f0 \uc575\ucee4 \uac80\uc99d, \ud558\ub4dc \ucf54\uc5b4 \uc815\uc9c0 \uc190\uc2e4 \ubc0f \ub808\ubc84\ub9ac\uc9c0 \uc81c\uc5b4\uc758 \uccb4\uacc4\uc801\uc778 \uc704\ud5d8 \uc81c\uc5b4 \ud504\ub808\uc784\uc6cc\ud06c\ub97c \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":10712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[122],"tags":[1518,1517,400],"class_list":["post-10711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorial","tag-1518","tag-qe","tag-400"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/10711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/comments?post=10711"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/10711\/revisions"}],"predecessor-version":[{"id":10714,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/10711\/revisions\/10714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media\/10712"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media?parent=10711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/categories?post=10711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/tags?post=10711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}