Best of Panic: Jan van Eck of VanEck on Global Markets, Deglobalization, and Rising Interest Rates

In this re-run of Best of Panic, I had been dying to get Jan on the podcast. After my brief podcast break, I decided to have a lot of my friends on – people I like talking to about markets. Jan will always be one of those people. He’s super smart and well educated. I’m in the lucky position where I don’t have to be in the market, but because I’m fascinated by markets, started Stocktwits, love talking about them, and want to continue banging out some alpha, I invited Jan on the podcast.  We had a great discussion about debt. We talk about money flows, and while Jan wasn’t the earliest, but early enough with directionally putting his firm on a path towards crypto, he had a lot of neat insights there as well. As was true then and is true now, people need to be thinking about the market in just a little different way than what worked in the past.  Guest - Jan van Eck, CEO at VanEck Securities Corporation  howardlindzon.com, vaneck.com  Twitter: @howardlindzon, @PanicwFriends, @JanvanEck3, @VanEck_US, @knutjensen  linkedin.com/in/janfvaneck #fintech #invest #investment #venturecapital #stockmarket #finance  Show Notes: Introduction (00:39) Welcome Jan (04:02) Growing a mature business (04:52) History is a teacher (07:73) Becoming a ‘Macro Structuralist’ (12:58) Lessons from the 1970s (14:49) The right way to view inflation (15:17) Bonds outperform stocks (16:54) Will the Fed pivot? (19:12) The ETF business (24:49) Crypto-related ETNs (27:21) China growth & demographics (28:40) Getting smarter on Brazil (29:04) Web3 (30:18) Thoughts on Wealthtech (34:08) What if 60/40 is wrong? (35:10) Jan argues Howard’s book (39:23) People care about performance (39:42)  Why Jan invested with Howard (40:46) Diseconomies of scale (41:45) The future of ETFs (43:33) Cherry-picking in public markets (46:11) Jan’s favorite podcasts (47:44) Wrapping up (50:16) Closing thoughts (51:37)