Jose Canseco Has An Opinion On Negative Rates

Tyler Durden's picture

You know the world is turning to shit when a retired baseball star can (relatively eloquently) explain the sheer folly of negative interest rates.

 

In a torrent of tweets, the Cuban-American "Bash Brother" started to rage after BoJ's NIRP decision...

Then questioned their sanity...

Nothing indeed...

And always interested in sensationalism, Bloomberg's Joe Weisenthal had "value" explained to him by the former baseball star...

 

Ironic that his tell-all book was called "Juiced" in an age of "Wild Times" in geopolitcs, monetary policy on "'Roids," and "How Central Bankers Got Big."

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Central Bankster's picture

Jose for Federal Reserve President.

sgorem's picture

< Jose Cuervo for Federal Reserve President

< George Dickell for Federal Reserve President

robertsgt40's picture

Canseco, now there's a deep thinker.  I wanna see his Atlas pose.

El Oregonian's picture

Negative interest rate = Govt-sanctioned theft.

Kayman's picture

El Oregonian

Theft from the powerless to the politically connected.  A free market set interest rate, set by willing lenders to willing borrowers would NEVER be ZIRP or NIRP.

semperfidelis's picture

President camacho... can`t you guys see we are already in IDIOCRACY?! Shit is fucked up.

Pairadimes's picture

Maybe if Jose could be talked into throwing the old hotdog down Janet's hallway, we could catch a break.

idea_hamster's picture

JFed balance sheet gonna get SWOLE baby!

AldousHuxley's picture

What blow my mind is how this guy can earn $50M playing game of baseball and end up with networth of $500k. I guess it was all that juicing

Implied Violins's picture

He excels at creating personal negative interest.

DownWithYogaPants's picture

I'll take another big glass of George Dickface and coke if you please!

SickDollar's picture

This is honestly a scary story, a moron knows NIRP

this reminds me of the story of the shoe shiner

time to pack an leave

 

pndr4495's picture

H igh F requency T hievery fills that bill also.

TahoeBilly2012's picture

Whatever, used to watch him and Big Mac crank um out of the Coliseum all the time. Those guys saved baseball....fucking owners bunch of pussies.

Vincent.Vega's picture

Yep. "All your base are belong to us"...

NoDebt's picture

No, no, no.  Lenny Dykstra.  There's your 'deep thinker' in the investment world.

NoDebt's picture

Neither of them had Jim Cramer call them an investment genius.  Lenny Dykstra did.  Just before Lenny lost all his clients' money for them and got sued into oblivion.

https://www.youtube.com/watch?v=Lo77x4VeoQE

Good times.  GOOD times.

bamawatson's picture

i realize my man reperesents gridiron, but can we have a shout out for the investment wizardry of art schlichter

BlindMonkey's picture

I'm sure someone will whip up Mr. Yellen doing an Atlas pose if you hang around.

jcaz's picture

I'm not trading until his Chief Financial Officer Flav-O-Flav pipes in........

Agent P's picture

And to think, this is how Jose Canseco used to use his head. 

https://www.youtube.com/watch?v=S9StStOsFpg

 

Sanity Bear's picture

the less-popular follow-up tweet: "It's bad financial policy... on steroids!"

Yung Saver's picture

This guy clearly knows how to make HUGE GAINS

orez65's picture

You don't need to be a "big thinker" to recognize theft!

EscapeKey's picture

Weaselthal works at Bloomberg? WTF, Bloomberg hires real, actual trolls?

Early Retirement's picture

What do you think Bloomberg is besides Jewish trolls?

wallstreetaposteriori's picture

I wonder what Jose's zerohedge handle is.....  I hope its not fonestar.

Jethro's picture

He's overqualified because he can speak a sentence in common language and get his point across

Father Thyme's picture

And it's gone.

Just in slo-mo.

aliki's picture

jose canseco is no dummie - remember, this is the same guy who kept detailed logs on ALL baseball players he "helped" get the juice so that when they all ran like rats to flip on him, he had the GOODS (extensive proof) on all of them.

stacking12321's picture

snitches get stitches, bitchez!

Bill of Rights's picture
Rate cut prospects grow as big central banks adopt a dovish tone

 

http://www.reuters.com/article/cenbank-policy-idUSL8N15J2NY

 

Clueless pricks...

Bangin7GramRocks's picture

New found respect for that lunkhead!

OregonGrown's picture

Very reminiscent of the old story regarding JP Morgan getting a stock tip from a shoeshine boy, right before the big crash!

NoDebt's picture

See also:  Jim Kramer regarding Lenny Dykstra.  Google it if you don't remember it.

swmnguy's picture

Oh, ick.  I'm not sure why I think less of Cramer for pimping Dykstra; 5 minutes ago I wouldn't have thought it possible to think less of Cramer.

There's always room for a sub-basement.

lasvegaspersona's picture

The was Joe Kennedy but we get the point

NotApplicable's picture

Yeah, I think being dead for 15 years kinda disqualifies him from the running.

Then again, stranger things have happened in banking...

FrankieGoesToHollywood's picture

He is overthinking it, which I know seems strange statement, but negative rates just mean the BOJ is buying (demand) more gv debt than there is issued (supply).  Its not magic or ment to be some strange anti-logical condition.

OregonGrown's picture

A government should NEVER be able to buy back it's own issued debt!   PERIOD!  

For it SKEWS interest rates.... WASTEFUL IDIOTS... the whole lot!

 

....and are using tax dollars to do so..... and in a sense, making the taxpayers CO-SIGN the wasteful spending EVERY GOVERNMENT likes to participate in!

FrankieGoesToHollywood's picture

You are correct on all counts.  But then they do what they want, like they always have.

tdogg's picture

You said is Jose.

Hey!  Nobody fu#%Ks with the Jose.

 

https://www.youtube.com/watch?v=8xTqP58o1iw