Capital Flows and Asset MarketsBRUMBY CAPITAL UPDATE20911×Preview0:00Current time: 0:00 / Total time: -0:13-0:13Audio playback is not supported on your browser. Please upgrade.BRUMBY CAPITAL UPDATEA good monthRussell ClarkSep 01, 2025∙ Paid2091ShareSubscribeA surprisingly good month, despite relative tame macro moves.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 EpisodesGLD/TLT AND COREWEAVE20 hrs ago • Russell ClarkWHERE ARE WE WITH GLD/TLT?Oct 14 • Russell ClarkEND OF THE AI TRADE?Oct 13 • Russell ClarkIS SHORT TLT DONE?Oct 12 • Russell ClarkAI AS A MACRO FACTOROct 9 • Russell ClarkWHY ARE MACRO INVESTORS SO DUMB?Oct 8 • Russell ClarkSEPTEMBER REVIEWOct 5 • Russell ClarkFRENCH LESSONSOct 5 • Russell Clark