Research year

2011

Every report published for this year, across global, North American, Asia-Pacific, European, asset-class and country coverage.

Reports from this year

6 reports on 2011

The 2011 set covers Asia-Pacific, Europe, Global, North America. Each report is a structural analysis with its reasoning shown, its sources named, and its limits stated.

Global Investment Outlook 2011 — The Redenomination Question — In 2011 markets began pricing something they had never had to price before: the possibility that a euro asset might one day be paid in a different currency. That question, once asked, changes the value of everything denominated in the answer.
US Venture Capital Report 2011 — Staying Private on Purpose — Companies had always gone public to raise growth capital. In 2011 that capital started arriving privately instead — and once a company could get the money without the listing, the listing became optional. Almost everything strange about the following decade follows from that.
Asia-Pacific Investment Report 2011 — The Map Nobody Had Drawn — Two natural disasters in one year stopped production on four continents, and the firms affected mostly could not have told you why. Specialised manufacturing had concentrated geographically to a degree nobody had measured, because no one participant could see the whole map.
Japan Investment Report 2011 — The Currency That Rose on Bad News — An earthquake, a tsunami and a nuclear shutdown hit Japan in a single week, and the yen strengthened. Understanding why explains more about how a creditor economy works than any amount of analysis of its growth rate.
Real Assets Report 2011 — The Inflation Hedge That Depends on the Contract — Institutions bought infrastructure and property to hedge inflation. Whether they actually did depended not on the asset but on a clause in a contract — and in a great many cases the clause was not there.
Europe Investment Report 2011 — The Central Bank Became the Interbank Market — Banks stopped lending to each other across borders, so the central bank stood in the middle of every transaction. The balances that piled up as a result were read as a bailout, a warning and a scandal. They were an accounting record of a market that had stopped working.