{"id":1111,"date":"2022-04-25T14:16:23","date_gmt":"2022-04-25T14:16:23","guid":{"rendered":"https:\/\/blog.spbinvest.hu\/?p=1111"},"modified":"2022-04-25T14:16:23","modified_gmt":"2022-04-25T14:16:23","slug":"tendenciak-a-jelenkori-valsagok-idoszakaban-2resz","status":"publish","type":"post","link":"https:\/\/blog.spbinvest.hu\/?p=1111","title":{"rendered":"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok"},"content":{"rendered":"

Bel\u00e1tom, n\u00e9mileg trivi\u00e1lis mag\u00e1t az USA piacot els\u0151k\u00e9nt megnevezni azon megatrendek k\u00f6z\u00f6tt, mely a v\u00e1ls\u00e1gok ellen\u00e9re (vagy \u00e9ppen azok miatt) lesz v\u00e1rhat\u00f3an tov\u00e1bbra is a legstabilabb piac, de ha az elm\u00falt \u00e9vtizedek v\u00e1rakoz\u00e1saib\u00f3l, felt\u00e9telez\u00e9seib\u0151l indulunk ki, m\u00e1r kor\u00e1nt sem az.<\/h1>\n

Sok sz\u00f3 esett t\u00f6bbek k\u00f6z\u00f6tt K\u00edna meger\u0151s\u00f6d\u00e9s\u00e9r\u0151l, az eur\u00f3pai alul teljes\u00edt\u00e9sben be\u00e1ll\u00f3 fordulatr\u00f3l, de ezek a v\u00edzi\u00f3k az elm\u00falt 10-15 \u00e9vben (legal\u00e1bbis t\u0151kepiaci teljes\u00edtm\u00e9ny\u00fck szempontj\u00e1b\u00f3l) csak r\u00e9szben igazol\u00f3dtak be. A k\u00ednai gazdas\u00e1g rendszeresen esik a k\u00fcl\u00f6nb\u00f6z\u0151 politikai intervenci\u00f3k \u00e1ldozat\u00e1ul, m\u00edg az eur\u00f3pai (neh\u00e9zipar vez\u00e9relte) piacot hol az egyes gazdas\u00e1gok n\u00f6veked\u00e9si\/elad\u00f3sod\u00e1si v\u00e1ls\u00e1ga s\u00fajtotta (l\u00e1sd 2010-es \u00e9vek elejei d\u00e9l-eur\u00f3pai v\u00e1ls\u00e1g), hol a BREXIT, vagy \u00e9ppen az amerikai technol\u00f3giai fejl\u0151d\u00e9s utas\u00edtotta maga m\u00f6g\u00e9 a befektet\u0151i preferenci\u00e1kban (2010-es \u00e9vek k\u00f6zep\u00e9t\u0151l).<\/p>\n

Felt\u0171n\u0151, hogy Amerika m\u00e9g abb\u00f3l a v\u00e1ls\u00e1gb\u00f3l is gy\u0151ztesen j\u00f6tt ki, melyet \u0151 maga okozott. A 2008-as jelz\u00e1logpiaci kr\u00edzis glob\u00e1lis recesszi\u00f3k\u00e9nt jelent meg a vil\u00e1gban, a csodafegyvert m\u00e9gis az USA sz\u00e1ll\u00edtotta az addig csak elm\u00e9letben ismert \u201ep\u00e9nzteremt\u0151\u201d monet\u00e1ris politik\u00e1j\u00e1val, megmentve els\u0151sorban saj\u00e1t gazdas\u00e1g\u00e1t a teljes \u00f6sszeoml\u00e1st\u00f3l. L\u00e1m, ahol a sz\u00fcks\u00e9g, ott a seg\u00edts\u00e9g.\u00a0De mi\u00e9rt predesztin\u00e1ln\u00e1k a fentiek az USA tov\u00e1bbi sikereit? Nem ezek predesztin\u00e1lj\u00e1k,<\/p>\n

hanem, \u00e9ppen az a rugalmass\u00e1g vagy alkalmazkod\u00f3 k\u00e9pess\u00e9g, mellyel a mindenkori amerikai fisk\u00e1lis \u00e9s monet\u00e1ris politika megk\u00f6zel\u00edti saj\u00e1t gazdas\u00e1g\u00e1t, n\u00f6veked\u00e9s\u00e9t, sikeress\u00e9g\u00e9t, no meg az a fogyaszt\u00f3i \u00e9s v\u00e1llalati mentalit\u00e1s, melyre az eg\u00e9sz rendszer \u00e9p\u00fcl. <\/em><\/strong><\/p>\n

Aktu\u00e1lisan a pand\u00e9mia okozta kr\u00edzist m\u00e1r sz\u00e9les e vil\u00e1gon \u2013 amerikai mint\u00e1ra \u2013 fisk\u00e1lis \u00e9s monet\u00e1ris laz\u00edt\u00e1ssal kezelt\u00e9k, s b\u00e1r a Wall Street vezette az emelked\u00e9st, v\u00e9g\u00fcl a vil\u00e1g eszk\u00f6zeinek d\u00f6nt\u0151 t\u00f6bbs\u00e9g\u00e9ben megval\u00f3sult az \u00e1h\u00edtott \u201eV\u201d alak\u00fa kil\u00e1bal\u00e1s.<\/p>\n

A leg\u00fajabb orosz-ukr\u00e1n konfliktus okozta helyzet m\u00e1r nem ilyen egyszer\u0171. Ha gyorsan \u00edt\u00e9ln\u00e9nk, mondhatn\u00e1nk, hogy min\u00e9l messzebb vagyunk a konfliktust\u00f3l, ann\u00e1l nagyobb a stabilit\u00e1s, de ez csak r\u00e9szben igaz. A f\u00f6ldrajzi t\u00e1vols\u00e1g fontos biztons\u00e1gi faktor, de e mellett a megv\u00e1ltoz\u00f3 kereskedelmi viszonyok (els\u0151sorban energia beszerz\u00e9s) alapj\u00e1n nagyon \u00fagy t\u0171nik, hogy Eur\u00f3pa ism\u00e9t nyom\u00e1s al\u00e1 ker\u00fcl<\/strong>, <\/em>K\u00edna pedig \u2013 fell\u00e1ngol\u00e1sai ellen\u00e9re \u2013 mintha ki sem ker\u00fclt volna al\u00f3la<\/strong><\/em> (h\u00e1bor\u00fa ide vagy oda, a hong-kongi Hang Seng index m\u00e1r tavaly febru\u00e1r \u00f3ta es\u0151 tendenci\u00e1ban van).<\/p>\n

Az emelked\u0151 hozam \u00e9s kamatk\u00f6rnyezet az USA piacot is \u00faj kih\u00edv\u00e1s el\u00e9 \u00e1ll\u00edtja. Els\u0151sorban azonban fundament\u00e1lis oldalr\u00f3l (a lakoss\u00e1gi oldal mellett) a kisebb v\u00e1llalatok olcs\u00f3 finansz\u00edroz\u00e1sa ker\u00fclt vesz\u00e9lybe, melyeknek t\u0151k\u00e9je nem, \u201ecsak\u201d j\u00f3 \u00f6tletei voltak. M\u00e1s szempontb\u00f3l nagy k\u00e9rd\u00e9s, hogy a likvidit\u00e1s cs\u00f6kken\u00e9s\u00e9t \u00e9s a kamatok emelked\u00e9s\u00e9t mennyire \u00e9s milyen t\u00e1von veszik zokon a piaci szerepl\u0151k.<\/p>\n

Ne feledj\u00fck, hogy a k\u00e9t leg\u00fajabb kr\u00edzist (pand\u00e9mia \u00e9s h\u00e1bor\u00fa) megel\u0151zte egy kellemesebb, de szint\u00e9n val\u00f3s probl\u00e9ma: a munkaer\u0151hi\u00e1ny. A vil\u00e1g a 2020 el\u0151tti \u00e9vekben azt tal\u00e1lgatta, hogy vajon a hum\u00e1n er\u0151forr\u00e1s k\u00e9pes lehet-e az addig fenn\u00e1ll\u00f3 n\u00f6veked\u00e9s fenntart\u00e1s\u00e1ra; a v\u00e1lasz egyre ink\u00e1bb a nem<\/strong> <\/em>volt. \u00cdgy arra a robotik\u00e1ra, digit\u00e1lis technol\u00f3gi\u00e1ra szegez\u0151dtek a tekintetek, melyek a hat\u00e9konys\u00e1g n\u00f6vel\u00e9s\u00e9ben kulcsszerepl\u0151k lehetnek, s melyek fejleszt\u00e9s\u00e9ben az Egyes\u00fclt \u00c1llamok \u00e9len j\u00e1r.<\/strong><\/em><\/p>\n

\u00d6sszefoglalva, v\u00e1rakoz\u00e1som szerint \u00c9szak-Amerika tov\u00e1bbra is fel\u00fcl teljes\u00edt majd t\u0151kepiaci szempontb\u00f3l \u2013 ak\u00e1r a biztons\u00e1got, ak\u00e1r az innovat\u00edvabb n\u00f6veked\u00e9st, ak\u00e1r a leg\u00fajabban megv\u00e1ltozott kereskedelmi viszonyokb\u00f3l nyert er\u0151s\u00f6d\u00e9st keresik a befektet\u0151k. Ez a megatrend, ahogy az elm\u00falt \u00e9vtizedekben vel\u00fcnk volt, egyel\u0151re \u00fagy l\u00e1tszik, hogy nem t\u00f6rik meg.<\/p>\n

A k\u00f6vetkez\u0151 r\u00e9szben megvizsg\u00e1lom, hogy ak\u00e1r Amerik\u00e1ban vagy azon k\u00edv\u00fcl, mely szektorok\/t\u00e9m\u00e1k lehetnek a legink\u00e1bb \u00e9rintettek a n\u00f6veked\u00e9sben, illetve hogy v\u00e1rhat\u00f3an milyen \u00f6sszef\u00fcgg\u00e9sek ment\u00e9n alakulhatnak a tov\u00e1bbi tendenci\u00e1k!<\/p>\n

\"\"<\/p>\n

(\u00c1bra: a k\u00ednai, a n\u00e9met \u00e9s az amerikai vezet\u0151 indexek elm\u00falt 10 \u00e9ves teljes\u00edtm\u00e9nye, osztal\u00e9k n\u00e9lk\u00fcl)<\/p>\n

\u00a0<\/p>\n

Szerz\u0151: Panyi P\u00e9ter, az SPB Befektet\u00e9si Zrt. senior pr\u00e9mium bank\u00e1ra<\/h5>\n
Fot\u00f3: Canva<\/h6>\n","protected":false},"excerpt":{"rendered":"

Bel\u00e1tom, n\u00e9mileg trivi\u00e1lis mag\u00e1t az USA piacot els\u0151k\u00e9nt megnevezni azon megatrendek k\u00f6z\u00f6tt, mely a v\u00e1ls\u00e1gok ellen\u00e9re (vagy \u00e9ppen azok miatt) lesz v\u00e1rhat\u00f3an tov\u00e1bbra is a legstabilabb piac, de ha az elm\u00falt \u00e9vtizedek v\u00e1rakoz\u00e1saib\u00f3l, felt\u00e9telez\u00e9seib\u0151l indulunk ki, m\u00e1r kor\u00e1nt sem az. Sok sz\u00f3 esett t\u00f6bbek k\u00f6z\u00f6tt K\u00edna meger\u0151s\u00f6d\u00e9s\u00e9r\u0151l, az eur\u00f3pai alul teljes\u00edt\u00e9sben be\u00e1ll\u00f3 fordulatr\u00f3l, de ezek…<\/p>\n","protected":false},"author":1,"featured_media":1086,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2,24],"tags":[],"class_list":["post-1111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-reszveny","category-spb"],"yoast_head":"\nTendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok - SPB Blog<\/title>\n<meta name=\"description\" content=\"\u00c9szak-Amerika tov\u00e1bbra is fel\u00fcl teljes\u00edt majd t\u0151kepiaci szempontb\u00f3l, ez a megatrend egyel\u0151re \u00fagy l\u00e1tszik, hogy nem t\u00f6rik meg.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.spbinvest.hu\/?p=1111\" \/>\n<meta property=\"og:locale\" content=\"hu_HU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok - SPB Blog\" \/>\n<meta property=\"og:description\" content=\"\u00c9szak-Amerika tov\u00e1bbra is fel\u00fcl teljes\u00edt majd t\u0151kepiaci szempontb\u00f3l, ez a megatrend egyel\u0151re \u00fagy l\u00e1tszik, hogy nem t\u00f6rik meg.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.spbinvest.hu\/?p=1111\" \/>\n<meta property=\"og:site_name\" content=\"SPB Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-25T14:16:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.spbinvest.hu\/wp-content\/uploads\/2022\/04\/SPB_Panyi_Peter.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"SPB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Szerz\u0151:\" \/>\n\t<meta name=\"twitter:data1\" content=\"SPB\" \/>\n\t<meta name=\"twitter:label2\" content=\"Becs\u00fclt olvas\u00e1si id\u0151\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 perc\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111\"},\"author\":{\"name\":\"SPB\",\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/#\\\/schema\\\/person\\\/d5af847b20d61bf27bae3db50d6247f7\"},\"headline\":\"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok\",\"datePublished\":\"2022-04-25T14:16:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111\"},\"wordCount\":901,\"image\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.spbinvest.hu\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/SPB_Panyi_Peter.jpg\",\"articleSection\":[\"Lifestyle\",\"R\u00e9szv\u00e9ny\",\"SPB\"],\"inLanguage\":\"hu\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111\",\"url\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111\",\"name\":\"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok - SPB Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.spbinvest.hu\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/SPB_Panyi_Peter.jpg\",\"datePublished\":\"2022-04-25T14:16:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/#\\\/schema\\\/person\\\/d5af847b20d61bf27bae3db50d6247f7\"},\"description\":\"\u00c9szak-Amerika tov\u00e1bbra is fel\u00fcl teljes\u00edt majd t\u0151kepiaci szempontb\u00f3l, ez a megatrend egyel\u0151re \u00fagy l\u00e1tszik, hogy nem t\u00f6rik meg.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111#breadcrumb\"},\"inLanguage\":\"hu\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"hu\",\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111#primaryimage\",\"url\":\"https:\\\/\\\/blog.spbinvest.hu\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/SPB_Panyi_Peter.jpg\",\"contentUrl\":\"https:\\\/\\\/blog.spbinvest.hu\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/SPB_Panyi_Peter.jpg\",\"width\":1080,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?p=1111#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Kezd\u0151lap\",\"item\":\"https:\\\/\\\/blog.spbinvest.hu\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/#website\",\"url\":\"https:\\\/\\\/blog.spbinvest.hu\\\/\",\"name\":\"SPB Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"hu\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blog.spbinvest.hu\\\/#\\\/schema\\\/person\\\/d5af847b20d61bf27bae3db50d6247f7\",\"name\":\"SPB\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"hu\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e4bde87cb0016e1f94b62d02932290f9440405440ef9e5f3917ee5cec0b41662?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e4bde87cb0016e1f94b62d02932290f9440405440ef9e5f3917ee5cec0b41662?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e4bde87cb0016e1f94b62d02932290f9440405440ef9e5f3917ee5cec0b41662?s=96&d=mm&r=g\",\"caption\":\"SPB\"},\"sameAs\":[\"https:\\\/\\\/blog.spbinvest.hu\"],\"url\":\"https:\\\/\\\/blog.spbinvest.hu\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok - SPB Blog","description":"\u00c9szak-Amerika tov\u00e1bbra is fel\u00fcl teljes\u00edt majd t\u0151kepiaci szempontb\u00f3l, ez a megatrend egyel\u0151re \u00fagy l\u00e1tszik, hogy nem t\u00f6rik meg.","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:\/\/blog.spbinvest.hu\/?p=1111","og_locale":"hu_HU","og_type":"article","og_title":"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok - SPB Blog","og_description":"\u00c9szak-Amerika tov\u00e1bbra is fel\u00fcl teljes\u00edt majd t\u0151kepiaci szempontb\u00f3l, ez a megatrend egyel\u0151re \u00fagy l\u00e1tszik, hogy nem t\u00f6rik meg.","og_url":"https:\/\/blog.spbinvest.hu\/?p=1111","og_site_name":"SPB Blog","article_published_time":"2022-04-25T14:16:23+00:00","og_image":[{"width":1080,"height":1080,"url":"https:\/\/blog.spbinvest.hu\/wp-content\/uploads\/2022\/04\/SPB_Panyi_Peter.jpg","type":"image\/jpeg"}],"author":"SPB","twitter_card":"summary_large_image","twitter_misc":{"Szerz\u0151:":"SPB","Becs\u00fclt olvas\u00e1si id\u0151":"4 perc"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.spbinvest.hu\/?p=1111#article","isPartOf":{"@id":"https:\/\/blog.spbinvest.hu\/?p=1111"},"author":{"name":"SPB","@id":"https:\/\/blog.spbinvest.hu\/#\/schema\/person\/d5af847b20d61bf27bae3db50d6247f7"},"headline":"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok","datePublished":"2022-04-25T14:16:23+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.spbinvest.hu\/?p=1111"},"wordCount":901,"image":{"@id":"https:\/\/blog.spbinvest.hu\/?p=1111#primaryimage"},"thumbnailUrl":"https:\/\/blog.spbinvest.hu\/wp-content\/uploads\/2022\/04\/SPB_Panyi_Peter.jpg","articleSection":["Lifestyle","R\u00e9szv\u00e9ny","SPB"],"inLanguage":"hu"},{"@type":"WebPage","@id":"https:\/\/blog.spbinvest.hu\/?p=1111","url":"https:\/\/blog.spbinvest.hu\/?p=1111","name":"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok - SPB Blog","isPartOf":{"@id":"https:\/\/blog.spbinvest.hu\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blog.spbinvest.hu\/?p=1111#primaryimage"},"image":{"@id":"https:\/\/blog.spbinvest.hu\/?p=1111#primaryimage"},"thumbnailUrl":"https:\/\/blog.spbinvest.hu\/wp-content\/uploads\/2022\/04\/SPB_Panyi_Peter.jpg","datePublished":"2022-04-25T14:16:23+00:00","author":{"@id":"https:\/\/blog.spbinvest.hu\/#\/schema\/person\/d5af847b20d61bf27bae3db50d6247f7"},"description":"\u00c9szak-Amerika tov\u00e1bbra is fel\u00fcl teljes\u00edt majd t\u0151kepiaci szempontb\u00f3l, ez a megatrend egyel\u0151re \u00fagy l\u00e1tszik, hogy nem t\u00f6rik meg.","breadcrumb":{"@id":"https:\/\/blog.spbinvest.hu\/?p=1111#breadcrumb"},"inLanguage":"hu","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.spbinvest.hu\/?p=1111"]}]},{"@type":"ImageObject","inLanguage":"hu","@id":"https:\/\/blog.spbinvest.hu\/?p=1111#primaryimage","url":"https:\/\/blog.spbinvest.hu\/wp-content\/uploads\/2022\/04\/SPB_Panyi_Peter.jpg","contentUrl":"https:\/\/blog.spbinvest.hu\/wp-content\/uploads\/2022\/04\/SPB_Panyi_Peter.jpg","width":1080,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/blog.spbinvest.hu\/?p=1111#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Kezd\u0151lap","item":"https:\/\/blog.spbinvest.hu\/"},{"@type":"ListItem","position":2,"name":"Tendenci\u00e1k a jelenkori v\u00e1ls\u00e1gok id\u0151szak\u00e1ban \u2013 2. r\u00e9sz \u2013 az Egyes\u00fclt \u00c1llamok"}]},{"@type":"WebSite","@id":"https:\/\/blog.spbinvest.hu\/#website","url":"https:\/\/blog.spbinvest.hu\/","name":"SPB Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.spbinvest.hu\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"hu"},{"@type":"Person","@id":"https:\/\/blog.spbinvest.hu\/#\/schema\/person\/d5af847b20d61bf27bae3db50d6247f7","name":"SPB","image":{"@type":"ImageObject","inLanguage":"hu","@id":"https:\/\/secure.gravatar.com\/avatar\/e4bde87cb0016e1f94b62d02932290f9440405440ef9e5f3917ee5cec0b41662?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e4bde87cb0016e1f94b62d02932290f9440405440ef9e5f3917ee5cec0b41662?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4bde87cb0016e1f94b62d02932290f9440405440ef9e5f3917ee5cec0b41662?s=96&d=mm&r=g","caption":"SPB"},"sameAs":["https:\/\/blog.spbinvest.hu"],"url":"https:\/\/blog.spbinvest.hu\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=\/wp\/v2\/posts\/1111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1111"}],"version-history":[{"count":2,"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=\/wp\/v2\/posts\/1111\/revisions"}],"predecessor-version":[{"id":1114,"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=\/wp\/v2\/posts\/1111\/revisions\/1114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=\/wp\/v2\/media\/1086"}],"wp:attachment":[{"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.spbinvest.hu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}