Share this postCapital Flows and Asset MarketsARTIFICIAL SCARCITY AND MODERN MARKETSCopy linkFacebookEmailNotesMorePlayback speed×Share postShare post at current timeShare from 0:000:00/0:00Preview14Share this postCapital Flows and Asset MarketsARTIFICIAL SCARCITY AND MODERN MARKETSCopy linkFacebookEmailNotesMore18ARTIFICIAL SCARCITY AND MODERN MARKETSHigher rates has not reduced liquidity as I expected - leading to artificial scarcity remaining a strong driver of appreciation. Russell ClarkDec 21, 2023∙ Paid14Share this postCapital Flows and Asset MarketsARTIFICIAL SCARCITY AND MODERN MARKETSCopy linkFacebookEmailNotesMore18ShareSubscribeOne of the features of “modern” (read post GFC) markets is that volumes traded tend to be less even as markets rise. In the UK, mortgage approvals have collapsed back to close to GFC levels, after never really getting back to pre-GFC levels.This post is for paid subscribersSubscribeAlready a paid subscriber? Sign inCapital Flows and Asset MarketsExplaining how capital flows and asset markets workExplaining how capital flows and asset markets workSubscribeListen onSubstack AppRSS FeedAppears in episodeRussell ClarkRecent EpisodesIS THIS THE BOTTOM FOR ENERGY PRICES?May 8 • Russell ClarkWHAT DO I NEED?May 6 • Russell ClarkFORGET MACRO - ITS ALL POLITICSMay 5 • Russell ClarkBRUMBY CAPITAL AND MARKET UPDATEMay 2 • Russell ClarkON FERTILITY, CLEARINGHOUSES AND VOLATILTYMay 1 • Russell ClarkREFLECTING ON MY STRATEGYApr 30 • Russell ClarkAPRIL AND FINAL PORTFOLIO REVIEWApr 29 • Russell ClarkTHE ONLY TRULY SAFE HAVEN ASSET IS AN ASSET THAT NO ONE OWNSApr 25 • Russell Clark