{"id":13599,"date":"2023-03-13T13:41:29","date_gmt":"2023-03-13T11:41:29","guid":{"rendered":"https:\/\/www.jassemajaka.com\/?p=13599"},"modified":"2023-09-29T15:44:32","modified_gmt":"2023-09-29T13:44:32","slug":"%d8%a5%d9%81%d9%84%d8%a7%d8%b3-%d8%b3%d9%8a%d9%84%d9%8a%d9%83%d9%88%d9%86-%d9%81%d8%a7%d9%84%d9%8a-%d8%a8%d9%86%d9%83-%d9%85%d8%a4%d8%b4%d8%b1%d8%a7%d8%aa-%d9%84%d9%84%d8%a8%d9%86%d8%a7%d9%86%d8%9f","status":"publish","type":"post","link":"https:\/\/www.jassemajaka.com\/?p=13599","title":{"rendered":"\u0625\u0641\u0644\u0627\u0633 \u0633\u064a\u0644\u064a\u0643\u0648\u0646 \u0641\u0627\u0644\u064a \u0628\u0646\u0643… \u0645\u0624\u0634\u0631\u0627\u062a \u0644\u0644\u0628\u0646\u0627\u0646\u061f"},"content":{"rendered":"

\u0628\u0631\u0648\u0641\u0633\u0648\u0631 \u062c\u0627\u0633\u0645 \u0639\u062c\u0627\u0642\u0629 | \u0645\u0648\u0642\u0639 \u0627\u0644\u0635\u0641\u0627 \u0646\u064a\u0648\u0632<\/h3>\n

\u0644\u0645 \u064a\u0643\u0646 \u064a\u0648\u0645 \u0627\u0644\u062c\u0645\u0639\u0629 \u0627\u0644\u0645\u0627\u0636\u064a \u0646\u0647\u0627\u0631\u064b\u0627 \u0639\u0627\u062f\u064a\u064b\u0627 \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0645\u0635\u0631\u0641 \u0633\u064a\u0644\u064a\u0643\u0648\u0646 \u0641\u0627\u0644\u064a \u0628\u0646\u0643 (Silicon Valley Bank)\u060c \u062d\u064a\u062b \u0623\u0639\u0644\u0646\u062a \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0625\u0642\u0641\u0627\u0644 \u0627\u0644\u0645\u0635\u0631\u0641 \u0648\u0637\u0644\u0628\u062a \u0645\u0646 \u0627\u0644\u0645\u0624\u0633\u0633\u0629 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u0629 \u0644\u062a\u0623\u0645\u064a\u0646 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 (Federal Deposit Insurance Corporation) \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0648\u062f\u0627\u0626\u0639. \u0625\u0646\u0647\u064a\u0627\u0631 \u0627\u0644\u0645\u0635\u0631\u0641 \u064a\u064f\u0639\u062a\u0628\u0631 \u062b\u0627\u0646\u064a \u0623\u0643\u0628\u0631 \u0625\u0646\u0647\u064a\u0627\u0631 \u0645\u0635\u0631\u0641\u064a \u0645\u0646\u0630 \u0625\u0646\u0647\u064a\u0627\u0631 \u0645\u0624\u0633\u0633\u0629 \u0644\u064a\u0645\u0627\u0646 \u0628\u0631\u0627\u0630\u0631\u0632 (Lehman Brothers) \u0641\u064a \u0627\u0644\u0639\u0627\u0645 2008\u060c \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u064a\u064f\u0637\u0631\u062d \u0627\u0644\u0633\u0624\u0627\u0644 \u0639\u0646 \u0627\u0644\u062a\u062f\u0627\u0639\u064a\u0627\u062a \u0627\u0644\u0645\u062d\u062a\u0645\u0644\u0629 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u0648\u0639\u0644\u0649 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u061f<\/p>\n

\u0628\u0627\u0644\u0623\u0631\u0642\u0627\u0645 \u064a\u064f\u0639\u062a\u0628\u0631 \u0627\u0644\u0645\u0635\u0631\u0641 \u0643\u0628\u064a\u0631\u064b\u0627 \u0646\u0633\u0628\u064a\u064b\u0627 \u0645\u0639 \u0645\u0648\u062c\u0648\u062f\u0627\u062a \u0628\u0642\u064a\u0645\u0629 209 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a (\u0646\u0647\u0627\u064a\u0629 \u0627\u0644\u0639\u0627\u0645 2022)\u060c \u0648\u0648\u062f\u0627\u0626\u0639 \u0628\u0642\u064a\u0645\u0629 175 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a. \u0648\u0644\u0644\u0645\u0635\u0631\u0641 \u062f\u0648\u0631\u064c \u0623\u0633\u0627\u0633\u064a\u064c \u0641\u064a \u062a\u0645\u0648\u064a\u0644 \u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0645\u0639 \u0627\u0633\u062a\u062d\u0648\u0627\u0630\u0647 \u0639\u0644\u0649 50% \u0645\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0646\u0627\u0634\u0626\u0629 \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0648\u064a\u0645\u0648\u0651\u0644 \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0641\u064a \u0623\u0645\u064a\u0631\u0643\u0627 \u0648\u0623\u0648\u0631\u0648\u0628\u0627 \u0648\u0622\u0633\u064a\u0627 \u0648\u0625\u0633\u0631\u0627\u0626\u064a\u0644 \u0644\u064a\u0635\u0644 \u0627\u0644\u0645\u062c\u0645\u0648\u0639 \u0625\u0644\u0649 \u0623\u0643\u062b\u0631 \u0645\u0646 \u0645\u0626\u0629 \u0648\u062b\u0644\u0627\u062b\u064a\u0646 \u0623\u0644\u0641 \u0634\u0631\u0643\u0629 \u0645\u0645\u0648\u0644\u0629 \u0645\u0646\u0647\u0627 65 \u0623\u0644\u0641 \u0634\u0631\u0643\u0629 \u0646\u0627\u0634\u0626\u0629. \u0648\u064a\u064c\u0646\u0642\u0644 \u0639\u0646 \u0639\u062f\u062f \u0645\u0646 \u0631\u0624\u0633\u0627\u0621 \u0628\u0639\u0636 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0642\u0648\u0644\u0647\u0645 \u0625\u0646 \u0627\u0633\u062a\u062d\u0635\u0627\u0644 \u0634\u0631\u0643\u0629 \u0639\u0644\u0649 \u062a\u0645\u0648\u064a\u0644 \u0641\u064a “\u0627\u0644\u0633\u064a\u0644\u064a\u0643\u0648\u0646 \u0641\u0627\u0644\u064a\u0647” \u0647\u0648 \u0623\u0645\u0631 \u0634\u0628\u0647 \u0645\u064f\u0633\u062a\u062d\u064a\u0644 \u0645\u0646 \u062f\u0648\u0646 \u0623\u0646 \u064a\u0643\u0648\u0646 \u0644\u062f\u064a\u0647\u0627 \u062d\u0633\u0627\u0628 \u0641\u064a \u0627\u0644\u0633\u064a\u0644\u064a\u0643\u0648\u0646 \u0641\u0627\u0644\u064a\u0647 \u0628\u0646\u0643! \u0628\u062d\u0633\u0628 \u0627\u0644\u0645\u064f\u0639\u0637\u064a\u0627\u062a \u0627\u0644\u0645\u064f\u062a\u0648\u0627\u0641\u0631\u0629\u060c \u0627\u0644\u0645\u0635\u0631\u0641 \u0643\u0627\u0646 \u0645\u064f\u0635\u0646\u0651\u0641\u064b\u0627 \u0628\u064a\u0646 \u0623\u0641\u0636\u0644 20 \u0628\u0646\u0643\u064b\u0627 \u0623\u0645\u064a\u0631\u0643\u064a\u064b\u0627\u060c \u0648\u062d\u0642\u0642 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u062c\u0648\u0627\u0626\u0632 \u0622\u062e\u0631\u0647\u0627 \u0643\u0627\u0646 \u062c\u0627\u0626\u0632\u0629 \u0623\u0641\u0636\u0644 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629. \u0625\u0630\u064b\u0627 \u0623\u064a\u0646 \u0627\u0644\u0645\u064f\u0634\u0643\u0644\u0629\u061f<\/p>\n

\u0645\u064f\u0634\u0643\u0644\u0629 \u0647\u0630\u0627 \u0627\u0644\u0645\u0635\u0631\u0641 \u0647\u064a \u0639\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u064a\u0646:<\/p>\n

\u0627\u0644\u0623\u0648\u0644\u060c \u062a\u0631\u0643\u064a\u0632 \u0647\u0630\u0627 \u0627\u0644\u0645\u0635\u0631\u0641 \u0639\u0644\u0649 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a \u0648\u0627\u0644\u0630\u064a \u062c\u0639\u0644 \u0647\u064a\u0643\u0644\u064a\u0629 \u062a\u0645\u0648\u064a\u0644\u0647 \u0648\u0647\u064a\u0643\u0644\u064a\u0629 \u0645\u0633\u0627\u0647\u0645\u064a\u0647 \u062a\u064f\u062b\u0628\u062a \u0645\u0631\u0651\u0629 \u062c\u062f\u064a\u062f\u0629 \u0623\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0639\u0627\u0644\u064a\u0629 \u064a\u0648\u0627\u0643\u0628\u0647\u0627 \u0625\u064a\u0631\u0627\u062f\u0627\u062a \u0645\u062a\u0648\u0642\u0651\u0639\u0629 \u0639\u0627\u0644\u064a\u0629 \u0648\u0647\u0648 \u0645\u0627 \u0639\u062c\u0632 \u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0639\u0646 \u062a\u0623\u0645\u064a\u0646\u0647 \u0641\u064a \u0638\u0644 \u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0625\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a \u0625\u0644\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0639\u0627\u0644\u064a\u0629.<\/p>\n

\u0627\u0644\u062b\u0627\u0646\u064a\u060c \u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0625\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u062f\u0641\u0639 \u0627\u0644\u0645\u0635\u0631\u0641 \u0625\u0644\u0649 \u0628\u064a\u0639 \u0645\u062d\u0641\u0638\u0629 \u0633\u0646\u062f\u0627\u062a \u0628\u0642\u064a\u0645\u0629 21 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0644\u062a\u063a\u0637\u064a\u0629 \u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a\u0647\u060c \u0648\u0647\u0648 \u0645\u0627 \u0623\u062f\u0651\u0649 \u0625\u0644\u0649 \u062e\u0633\u0627\u0626\u0631 \u0639\u0644\u0649 \u0627\u0644\u0645\u0635\u0631\u0641 \u0628\u0642\u064a\u0645\u0629 1.8 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a. \u0647\u0630\u0627 \u0627\u0644\u0623\u0645\u0631 \u062f\u0641\u0639 \u0627\u0644\u0645\u0635\u0631\u0641 \u0625\u0644\u0649 \u0625\u0639\u0644\u0627\u0646 \u0628\u064a\u0639 \u0623\u0633\u0647\u0645 \u0628\u0642\u064a\u0645\u0629 2.3 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0644\u062a\u063a\u0637\u064a\u0629 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0637\u0644\u0628 \u0627\u0643\u062a\u062a\u0627\u0628 \u0639\u0627\u0645 \u0628\u0623\u0633\u0647\u0645\u0647 \u0645\u0646 \u062f\u0648\u0646 \u0646\u062c\u0627\u062d \u0627\u0644\u0645\u0647\u0651\u0645\u0629\u060c \u0648\u0630\u0644\u0643 \u0628\u0633\u0628\u0628 \u062e\u0648\u0641 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u064a\u0646 \u0648\u0627\u0644\u0630\u064a \u0639\u0632\u0632\u062a\u0647 \u0623\u062e\u0637\u0627\u0621 \u0627\u0631\u062a\u0643\u0628\u0647\u0627 \u0628\u0639\u0636 \u0627\u0644\u0642\u064a\u0651\u0645\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u0645\u0635\u0631\u0641 \u0645\u0639 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0639\u0646 \u0628\u064a\u0639 \u0639\u062f\u0629 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u0645\u0646 \u062d\u0635\u0635\u0647\u0645 \u0641\u064a \u0627\u0644\u0634\u0631\u0643\u0629 \u0642\u0628\u0644 \u0623\u0633\u0628\u0648\u0639\u064a\u0646 \u0645\u0646 \u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0625\u0641\u0644\u0627\u0633.<\/p>\n

\u0647\u0630\u0627 \u0627\u0644\u0645\u0634\u0647\u062f \u062f\u0641\u0639 \u0628\u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646 \u0625\u0644\u0649 \u0637\u0644\u0628\u0627\u062a \u0633\u062d\u0628 \u0648\u062f\u0627\u0626\u0639 \u0628\u0642\u064a\u0645\u0629 42 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0641\u064a \u0627\u0644\u064a\u0648\u0645 \u0627\u0644\u0623\u0648\u0644 \u0648\u0647\u0648 \u0645\u0627 \u062c\u0639\u0644 \u0627\u0644\u0645\u0635\u0631\u0641 \u0641\u064a \u062d\u0627\u0644\u0629 liquidity run \u062a\u0639\u062c\u0632 \u0623\u0643\u0628\u0631 \u0645\u0635\u0627\u0631\u0641 \u0627\u0644\u0639\u0627\u0644\u0645 \u0639\u0646 \u062a\u0644\u0628\u064a\u062a\u0647.<\/p>\n

\u0627\u0644\u062a\u0639\u0642\u064a\u062f\u0627\u062a \u0641\u064a \u0647\u064a\u0643\u0644\u0629 \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0627\u0644\u0645\u0633\u0627\u0647\u0645\u0629 \u0641\u064a \u0627\u0644\u0645\u0635\u0631\u0641 \u062f\u0639\u0645\u062a \u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u0633\u0648\u0642 \u062d\u064a\u062b \u0647\u0628\u0637\u062a \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0644\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0645\u0635\u0631\u0641\u064a \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u064f\u062a\u062d\u062f\u0629 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 100 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0641\u064a \u0646\u0641\u0633 \u0627\u0644\u0646\u0647\u0627\u0631 \u0648\u0623\u0643\u062b\u0631 \u0645\u0646 50 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627.<\/p>\n

\"\"<\/p>\n

\u0647\u0644 \u0645\u0646 \u0627\u0644\u0645\u064f\u0645\u0643\u0646 \u0623\u0646 \u062a\u0645\u062a\u062f\u0651 \u0627\u0644\u0623\u0632\u0645\u0629 \u0625\u0644\u0649 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0645\u0635\u0631\u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0643\u0645\u0627 \u062d\u0635\u0644 \u0641\u064a\u00a0 \u0627\u0644\u0639\u0627\u0645 2008\u061f \u0627\u0644\u062c\u0648\u0627\u0628 \u0627\u0644\u0623\u0643\u062b\u0631 \u0625\u062d\u062a\u0645\u0627\u0644\u064b\u0627 \u0647\u0648 \u0643\u0644\u0627. \u0627\u0644\u0633\u0628\u0628 \u064a\u0639\u0648\u062f \u0625\u0644\u0649 \u062e\u0635\u0648\u0635\u064a\u0629 \u0627\u0644\u0645\u0635\u0631\u0641 \u0627\u0644\u0630\u064a \u064a\u062a\u0631\u0628\u0651\u0639 \u0639\u0644\u0649 \u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0643\u0646\u0648\u0644\u0648\u062c\u064a\u0627 \u0645\u0646 \u062f\u0648\u0646 \u0645\u0646\u0627\u0632\u0639. \u0647\u0630\u0627 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0645\u062d\u0641\u0648\u0641 \u0628\u0627\u0644\u0645\u062e\u0627\u0637\u0631\u060c \u0644\u0627 \u062a\u062a\u0639\u0631\u0651\u0636 \u0644\u0647 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0628\u0634\u0643\u0644 \u0645\u064f\u0631\u0643\u0651\u0632 \u062d\u062a\u0649 \u0648\u0644\u0648 \u0623\u0646 \u0645\u064f\u0639\u0638\u0645 \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631\u0627\u062a \u0641\u064a \u0635\u0646\u0627\u062f\u064a\u0642 \u0639\u0644\u0649 \u0645\u0624\u0634\u0631 (fund index) \u062a\u062d\u0648\u064a \u0639\u0644\u0649 \u0623\u0633\u0647\u0645 \u0645\u0646 \u0645\u0635\u0631\u0641 \u0633\u064a\u0644\u064a\u0643\u0648\u0646 \u0641\u0627\u0644\u064a \u0628\u0646\u0643. \u0623\u0636\u0641 \u0625\u0644\u0649 \u0630\u0644\u0643 \u0623\u0646 \u0645\u0639\u0627\u064a\u064a\u0631 \u0628\u0627\u0632\u0644 3\u060c \u062f\u0639\u0651\u0645\u062a \u0627\u0644\u0647\u064a\u0643\u0644\u064a\u0629 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0644\u0644\u0645\u0635\u0627\u0631\u0641 \u0648\u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u062e\u0635\u0648\u0635\u064b\u0627 \u0628\u0639\u062f \u0623\u0632\u0645\u0629 2008 \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0627\u0644\u0627\u062e\u062a\u0628\u0627\u0631\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0642\u0648\u0645 \u0628\u0647\u0627 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0631\u0642\u0627\u0628\u064a\u0629 \u0639\u0644\u0649 \u0627\u0644\u0645\u0635\u0627\u0631\u0641 \u0648\u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629.<\/p>\n

\u0623\u0645\u0651\u0627 \u0639\u0644\u0649 \u0627\u0644\u0635\u0639\u064a\u062f \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\u060c \u0641\u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0651\u0639 \u0623\u0646 \u062a\u064f\u0641\u0651\u0644\u0633 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0640 high-tech \u0648\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0640 startup. \u0644\u0630\u0627 \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0651\u0639 \u0623\u0646 \u064a\u0643\u0648\u0646 \u0647\u0646\u0627\u0643 \u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u062a\u062c\u0627\u0647 \u0647\u0630\u0627 \u0627\u0644\u0642\u0637\u0627\u0639.<\/p>\n

\u0645\u0646 \u062c\u0647\u0629 \u0627\u0644\u0648\u062f\u0627\u0626\u0639\u060c \u0645\u0646 \u0627\u0644\u0645\u062a\u0648\u0642\u0639 \u0623\u0646 \u062a\u0639\u0645\u062f \u0627\u0644\u0645\u0624\u0633\u0633\u0629 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u0629 \u0644\u062a\u0623\u0645\u064a\u0646 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629 \u0625\u0644\u0649 \u0625\u0639\u0627\u062f\u0629 \u0641\u062a\u062d \u0627\u0644\u0645\u0635\u0631\u0641 \u0625\u0628\u062a\u062f\u0627\u0621\u064b \u0645\u0646 \u0627\u0644\u064a\u0648\u0645 \u0627\u0644\u0625\u062b\u0646\u064a\u0646 \u0648\u0630\u0644\u0643 \u0644\u0644\u0633\u0645\u0627\u062d \u0644\u0644\u0639\u0645\u0644\u0627\u0621 \u0628\u0633\u062d\u0628 \u0645\u0627 \u064a\u0635\u0644 \u0625\u0644\u0649 250 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0648\u0647\u0648 \u0642\u064a\u0645\u0629 \u0627\u0644\u0636\u0645\u0627\u0646\u0629 \u0627\u0644\u062a\u064a \u062a\u0624\u0645\u0651\u0646\u0647\u0627 \u0627\u0644\u0645\u0624\u0633\u0633\u0629. \u0625\u0644\u0627 \u0623\u0646 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u062a\u064f\u0634\u064a\u0631 \u0625\u0644\u0649 \u0623\u0646 \u062b\u0644\u0627\u062b\u0629 \u0628\u0627\u0644\u0645\u0626\u0629 \u0641\u0642\u0637 \u0645\u0646 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u062a\u0645\u0644\u0643 \u0623\u0642\u0644\u0651 \u0645\u0646 250 \u0623\u0644\u0641 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a. \u0648\u0647\u0648 \u0645\u0627 \u064a\u0639\u0646\u064a \u0623\u0646 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0633\u062a\u0637\u0627\u0644 97% \u0645\u0646 \u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646.<\/p>\n

\u0627\u0644\u0633\u0624\u0627\u0644 \u0627\u0644\u062c\u0648\u0647\u0631\u064a \u064a\u0628\u0642\u0649 \u0639\u0646 \u0631\u062f\u0651\u0629 \u0641\u0639\u0644 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0639\u0644\u0649 \u0645\u064f\u0634\u0643\u0644\u0629 \u062e\u0633\u0627\u0626\u0631 \u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646\u061f \u0648\u0647\u0644 \u062a\u0643\u0648\u0646 \u0631\u062f\u0651\u0629 \u0641\u0639\u0644 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0645\u0624\u0634\u0631 \u0644\u0645\u0627 \u0633\u064a\u062d\u0635\u0644 \u0641\u064a \u0645\u0644\u0641 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0641\u064a \u0644\u0628\u0646\u0627\u0646\u061f<\/p>\n

\u0628\u062d\u0633\u0628 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0635\u062d\u0627\u0641\u064a\u0629\u060c \u062a\u062f\u0631\u0633 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u0629 “\u0628\u062c\u062f\u064a\u0629” \u062d\u0645\u0627\u064a\u0629 \u062c\u0645\u064a\u0639 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u063a\u064a\u0631 \u0627\u0644\u0645\u0624\u0645\u0646\u0629 \u0641\u064a \u0645\u0635\u0631\u0641 \u0633\u064a\u0644\u064a\u0643\u0648\u0646 \u0641\u0627\u0644\u064a \u0628\u0646\u0643. \u0648\u0628\u062d\u0633\u0628 \u0635\u062d\u064a\u0641\u0629 “\u0627\u0644\u0648\u0627\u0634\u0646\u0637\u0646 \u0628\u0648\u0633\u062a”\u060c \u0646\u0627\u0642\u0634\u062a \u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u062e\u0632\u0627\u0646\u0629 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0648\u0627\u0644\u0625\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0648\u0627\u0644\u0645\u0624\u0633\u0633\u0629 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u0629 \u0644\u0644\u062a\u0623\u0645\u064a\u0646 \u0639\u0644\u0649 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0647\u0630\u0627 \u0627\u0644\u0623\u0645\u0631 \u062e\u0644\u0627\u0644 \u0646\u0647\u0627\u064a\u0629 \u0627\u0644\u0623\u0633\u0628\u0648\u0639 \u0627\u0644\u0645\u0627\u0636\u064a\u060c \u0645\u0628\u0631\u0631\u064a\u0646 \u0647\u0630\u0627 “\u0627\u0644\u062a\u062f\u062e\u0644 \u063a\u064a\u0631 \u0627\u0644\u0639\u0627\u062f\u064a” \u0644\u0645\u0646\u0639 \u0645\u0627 \u064a\u062e\u0634\u0648\u0646 \u0623\u0646 \u064a\u0643\u0648\u0646 “\u0630\u0639\u0631\u064b\u0627 \u0641\u064a \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0627\u0644\u064a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a”. \u0648\u0633\u064a\u062a\u0645 \u062a\u0628\u0631\u064a\u0631 \u0627\u0644\u062a\u062f\u062e\u0651\u0644 \u0627\u0644\u0631\u0633\u0645\u064a \u0639\u0644\u0649 \u0623\u0646\u0647 \u062c\u0632\u0621 \u0645\u0646 “\u0631\u062f\u0648\u062f \u0627\u0644\u0633\u064a\u0627\u0633\u0629 \u0627\u0644\u0645\u062d\u062a\u0645\u0644\u0629” \u0641\u064a \u062d\u0627\u0644 \u0641\u0634\u0644 \u0625\u064a\u062c\u0627\u062f \u0634\u0627\u0631\u064a \u0645\u064f\u062d\u062a\u0645\u0644 \u0644\u0644\u0645\u0635\u0631\u0641.<\/p>\n

\u0645\u0646 \u0627\u0644\u0645\u0639\u0631\u0648\u0641 \u0623\u0646 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u062a\u062d\u062a\u0631\u0645 \u0622\u0644\u064a\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0648\u062a\u0631\u0641\u0636 \u0627\u0644\u062a\u062f\u062e\u0651\u0644 \u0641\u064a\u0647 \u0625\u0644\u0627 \u0645\u0646 \u0628\u0627\u0628 \u0627\u0644\u062a\u0646\u0638\u064a\u0645 \u0648\u0627\u0644\u0631\u0642\u0627\u0628\u0629 \u0648\u0627\u0644\u062a\u0634\u0631\u064a\u0639. \u0625\u0644\u0651\u0627 \u0623\u0646 \u062a\u062f\u0627\u0639\u064a\u0627\u062a \u062e\u0633\u0627\u0626\u0631 97% \u0645\u0646 \u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646 \u0642\u062f \u064a\u0643\u0648\u0646 \u0644\u0647 \u0648\u0642\u0639 \u0643\u0628\u064a\u0631 \u0639\u0644\u0649 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0635\u0631\u0641\u064a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u060c \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0633\u064a\u062a\u0645 \u0627\u0644\u0639\u0645\u0644 \u0639\u0644\u0649 \u0625\u064a\u062c\u0627\u062f \u0645\u0635\u0631\u0641 \u0623\u0648 \u0645\u0624\u0633\u0633\u0629 \u062a\u0633\u062a\u0637\u064a\u0639 \u0634\u0631\u0627\u0621 \u0645\u0635\u0631\u0641 \u0633\u064a\u0644\u064a\u0643\u0648\u0646 \u0641\u0627\u0644\u064a \u0628\u0646\u0643 \u0648\u062a\u0645\u0643\u064a\u0646 \u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646 \u0645\u0646 \u062a\u062c\u0646\u0628 \u062e\u0633\u0627\u0631\u0629 \u0623\u0645\u0648\u0627\u0644\u0647\u0645.<\/p>\n

\n
\n

\u0647\u0630\u0627 \u0627\u0644\u062a\u062f\u0651\u062e\u0644 \u2013 \u0625\u0646 \u062d\u0635\u0644 \u2013 \u0633\u064a\u0643\u0648\u0646 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0625\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a \u0627\u0644\u0630\u064a \u064a\u062c\u0628 \u0623\u0646 \u064a\u064f\u0635\u0627\u062f\u0642 \u0645\u062c\u0644\u0633 \u0645\u062d\u0627\u0641\u0638\u064a\u0647 \u0628\u0623\u0643\u062b\u0631\u064a\u0629 \u0627\u0644\u062b\u0644\u062b\u064a\u0646 \u0639\u0644\u0649 \u0648\u062c\u0648\u062f \u0645\u062e\u0627\u0637\u0631 \u0646\u0638\u0627\u0645\u064a\u0629 (systemic risk) \u0628\u0627\u0644\u0625\u0636\u0627\u0641\u0629 \u0625\u0644\u0649 \u0643\u0644\u064d \u0645\u0646 \u0645\u062c\u0644\u0633 \u0625\u062f\u0627\u0631\u0629 \u0645\u0624\u0633\u0633\u0629 \u0627\u0644\u062a\u0623\u0645\u064a\u0646 \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a\u0629 \u0648\u0648\u0632\u064a\u0631\u0629 \u0627\u0644\u062e\u0632\u0627\u0646\u0629.<\/p>\n

\u0639\u0644\u0649 \u0643\u0644 \u0627\u0644\u0623\u062d\u0648\u0627\u0644\u060c \u0627\u0644\u0623\u0645\u0631 \u0644\u0645 \u064a\u064f\u062d\u0633\u0645 \u0628\u0639\u062f\u060c \u062e\u0635\u0648\u0635\u064b\u0627 \u0648\u0623\u0646 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0625\u0641\u0644\u0627\u0633 \u0641\u064a \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0644\u0627 \u064a\u0632\u0627\u0644 \u0642\u0627\u0626\u0645\u064b\u0627 \u0645\u0639 \u0625\u0633\u062a\u0645\u0631\u0627\u0631 \u0627\u0644\u0625\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0628\u0631\u0641\u0639 \u0627\u0644\u0641\u0627\u0626\u062f\u0629. \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0633\u062a\u0641\u062a\u062d \u062a\u062f\u0627\u0648\u0644\u0627\u062a \u0627\u0644\u0628\u0648\u0631\u0635\u0629 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0639\u0644\u0649 \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0645\u062e\u0627\u0648\u0641 \u0648\u0647\u0648 \u0645\u0627 \u0633\u064a\u062e\u0644\u0642 \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u062a\u063a\u064a\u0651\u0631\u0627\u062a (volatility) \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642.<\/p>\n

\u0645\u0627 \u0633\u064f\u062a\u0642\u0631\u0651\u0631\u0647 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0633\u064a\u0646\u0639\u0643\u0633 \u062d\u0643\u0645\u064b\u0627 \u0639\u0644\u0649 \u0627\u0644\u062f\u0627\u062e\u0644 \u0627\u0644\u0644\u0628\u0646\u0627\u0646\u064a \u0648\u0639\u0644\u0649 \u0627\u0644\u0645\u0641\u0627\u0648\u0636\u0627\u062a \u0627\u0644\u0645\u062d\u062a\u0645\u0644\u0629 \u0645\u0639 \u0635\u0646\u062f\u0648\u0642 \u0627\u0644\u0646\u0642\u062f \u0627\u0644\u062f\u0648\u0644\u064a. \u0641\u0623\u064a \u062a\u062f\u062e\u0651\u0644 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0644\u0625\u0646\u0642\u0627\u0630 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u063a\u064a\u0631 \u0627\u0644\u0645\u0636\u0645\u0648\u0646\u0629\u060c \u0633\u064a\u062f\u0651\u0639\u0645 \u0648\u062c\u0647\u0629 \u0646\u0638\u0631 \u0627\u0644\u0645\u062f\u0627\u0641\u0639\u064a\u0646 \u0639\u0646 \u062a\u062d\u0645\u0651\u0644 \u0627\u0644\u062f\u0648\u0651\u0644\u0629 \u0627\u0644\u0644\u0628\u0646\u0627\u0646\u064a\u0629 \u0645\u0633\u0624\u0648\u0644\u064a\u0629 \u062f\u064a\u0648\u0646\u0647\u0627 \u062a\u062c\u0627\u0647 \u0627\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0645\u0635\u0631\u0641\u064a \u0627\u0644\u0644\u0628\u0646\u0627\u0646\u064a \u0648\u0628\u0627\u0644\u062a\u0627\u0644\u064a \u0627\u0644\u0648\u062f\u0627\u0626\u0639. \u0641\u064a \u062d\u064a\u0646 \u0623\u0646 \u0639\u062f\u0645 \u062a\u062f\u062e\u0651\u0644 \u0627\u0644\u0633\u0644\u0637\u0627\u062a \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0633\u064a\u0642\u0648\u0651\u064a \u0648\u062c\u0647\u0629 \u0646\u0638\u0631 \u0627\u0644\u0641\u0631\u064a\u0642 \u0627\u0644\u0630\u064a \u064a\u064f\u0646\u0627\u062f\u064a \u0628\u062a\u062d\u0645\u064a\u0644 \u0627\u0644\u062e\u0633\u0627\u0626\u0631 \u0644\u0644\u0645\u0635\u0627\u0631\u0641 \u0648\u0627\u0644\u0645\u0648\u062f\u0639\u064a\u0646. \u0641\u0645\u0627\u0630\u0627 \u0633\u062a\u062d\u0645\u0651\u0644 \u0627\u0644\u0633\u0627\u0639\u0627\u062a \u0648\u0627\u0644\u0623\u064a\u0627\u0645 \u0627\u0644\u0645\u0642\u0628\u0644\u0629\u061f<\/p>\n<\/div>\n

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

\u0627\u0644\u062a\u0639\u0642\u064a\u062f\u0627\u062a \u0641\u064a \u0647\u064a\u0643\u0644\u0629 \u0627\u0644\u0625\u0633\u062a\u062b\u0645\u0627\u0631 \u0648\u0627\u0644\u0645\u0633\u0627\u0647\u0645\u0629 \u0641\u064a \u0627\u0644\u0645\u0635\u0631\u0641 \u062f\u0639\u0645\u062a \u0645\u062e\u0627\u0648\u0641 \u0627\u0644\u0633\u0648\u0642 \u062d\u064a\u062b \u0647\u0628\u0637\u062a \u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0633\u0648\u0642\u064a\u0629 \u0644\u0644\u0642\u0637\u0627\u0639 \u0627\u0644\u0645\u0635\u0631\u0641\u064a \u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u064f\u062a\u062d\u062f\u0629 \u0627\u0644\u0623\u0645\u064a\u0631\u0643\u064a\u0629 \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 100 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0641\u064a \u0646\u0641\u0633 \u0627\u0644\u0646\u0647\u0627\u0631 \u0648\u0623\u0643\u062b\u0631 \u0645\u0646 50 \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631 \u0623\u0645\u064a\u0631\u0643\u064a \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627.<\/p>\n","protected":false},"author":2,"featured_media":13601,"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":[97,45],"tags":[1232,150,209,100,1235,106],"class_list":["post-13599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-97","category-45","tag-1232","tag-8-d2","tag-38-d2","tag-100","tag-1235","tag-newspaperarticles"],"jetpack_featured_media_url":"https:\/\/www.jassemajaka.com\/wp-content\/uploads\/2023\/09\/263d018_1472604862.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paTyQg-3xl","_links":{"self":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts\/13599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13599"}],"version-history":[{"count":1,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts\/13599\/revisions"}],"predecessor-version":[{"id":13602,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/posts\/13599\/revisions\/13602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=\/wp\/v2\/media\/13601"}],"wp:attachment":[{"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jassemajaka.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}