• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

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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Thu, 02/04/2016 - 14:36 | 7140484 Central Bankster
Central Bankster's picture

Jose for Federal Reserve President.

Thu, 02/04/2016 - 14:45 | 7140509 sgorem
sgorem's picture

< Jose Cuervo for Federal Reserve President

< George Dickell for Federal Reserve President

Thu, 02/04/2016 - 14:48 | 7140536 robertsgt40
robertsgt40's picture

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

Thu, 02/04/2016 - 14:54 | 7140556 El Oregonian
El Oregonian's picture

Negative interest rate = Govt-sanctioned theft.

Thu, 02/04/2016 - 14:59 | 7140571 Kayman
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.

Thu, 02/04/2016 - 15:01 | 7140582 semperfidelis
semperfidelis's picture

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

Thu, 02/04/2016 - 15:17 | 7140650 Pairadimes
Pairadimes's picture

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

Thu, 02/04/2016 - 15:31 | 7140719 idea_hamster
idea_hamster's picture

JFed balance sheet gonna get SWOLE baby!

Thu, 02/04/2016 - 15:58 | 7140807 Killer the Buzzard
Killer the Buzzard's picture

Vote for Pedro.

Thu, 02/04/2016 - 16:09 | 7140850 AldousHuxley
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

Thu, 02/04/2016 - 16:29 | 7140956 Implied Violins
Implied Violins's picture

He excels at creating personal negative interest.

Thu, 02/04/2016 - 16:58 | 7141169 DownWithYogaPants
DownWithYogaPants's picture

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

Thu, 02/04/2016 - 19:14 | 7142014 SickDollar
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

 

Thu, 02/04/2016 - 15:41 | 7140759 pndr4495
pndr4495's picture

H igh F requency T hievery fills that bill also.

Thu, 02/04/2016 - 14:54 | 7140558 TahoeBilly2012
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.

Thu, 02/04/2016 - 17:48 | 7141480 Vincent.Vega
Vincent.Vega's picture

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

Thu, 02/04/2016 - 14:54 | 7140561 NoDebt
NoDebt's picture

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

Thu, 02/04/2016 - 14:59 | 7140573 Soul Glow
Soul Glow's picture

Curt Shilling.

Thu, 02/04/2016 - 15:02 | 7140584 SillySalesmanQu...
SillySalesmanQuestion's picture

The Phillie Fanatic.

Thu, 02/04/2016 - 15:16 | 7140635 NoDebt
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.

Thu, 02/04/2016 - 15:56 | 7140802 bamawatson
bamawatson's picture

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

Thu, 02/04/2016 - 14:55 | 7140563 BlindMonkey
BlindMonkey's picture

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

Thu, 02/04/2016 - 14:57 | 7140566 jcaz
jcaz's picture

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

Thu, 02/04/2016 - 15:07 | 7140601 JRobby
JRobby's picture

Is blowing what?

Thu, 02/04/2016 - 15:08 | 7140608 Agent P
Agent P's picture

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

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

 

Thu, 02/04/2016 - 15:45 | 7140773 Sanity Bear
Sanity Bear's picture

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

Thu, 02/04/2016 - 16:13 | 7140874 Yung Saver
Yung Saver's picture

This guy clearly knows how to make HUGE GAINS

Thu, 02/04/2016 - 16:31 | 7140965 orez65
orez65's picture

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

Thu, 02/04/2016 - 14:49 | 7140542 EscapeKey
EscapeKey's picture

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

Thu, 02/04/2016 - 16:16 | 7140894 Early Retirement
Early Retirement's picture

What do you think Bloomberg is besides Jewish trolls?

Thu, 02/04/2016 - 14:54 | 7140560 wallstreetapost...
wallstreetaposteriori's picture

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

Thu, 02/04/2016 - 15:07 | 7140602 RadioFlyer
RadioFlyer's picture

Kaiser Soze

Thu, 02/04/2016 - 15:13 | 7140633 jakesdad
jakesdad's picture

millondollarbonus?  ;-)

Thu, 02/04/2016 - 15:41 | 7140755 Jethro
Jethro's picture

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

Thu, 02/04/2016 - 14:38 | 7140489 Father Thyme
Father Thyme's picture

And it's gone.

Just in slo-mo.

Thu, 02/04/2016 - 14:38 | 7140490 aliki
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.

Thu, 02/04/2016 - 14:45 | 7140520 Father Thyme
Father Thyme's picture

Full Natty, brah!

Thu, 02/04/2016 - 15:11 | 7140622 stacking12321
stacking12321's picture

snitches get stitches, bitchez!

Thu, 02/04/2016 - 14:39 | 7140493 Bill of Rights
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...

Thu, 02/04/2016 - 14:39 | 7140495 Bangin7GramRocks
Bangin7GramRocks's picture

New found respect for that lunkhead!

Thu, 02/04/2016 - 14:40 | 7140496 OregonGrown
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!

Thu, 02/04/2016 - 14:56 | 7140565 NoDebt
NoDebt's picture

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

Thu, 02/04/2016 - 15:15 | 7140643 swmnguy
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.

Thu, 02/04/2016 - 14:59 | 7140574 lasvegaspersona
lasvegaspersona's picture

The was Joe Kennedy but we get the point

Thu, 02/04/2016 - 15:16 | 7140647 NotApplicable
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...

Thu, 02/04/2016 - 14:39 | 7140497 FrankieGoesToHo...
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.

Thu, 02/04/2016 - 14:44 | 7140506 OregonGrown
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!

Thu, 02/04/2016 - 14:44 | 7140517 FrankieGoesToHo...
FrankieGoesToHollywood's picture

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

Thu, 02/04/2016 - 14:41 | 7140501 dearth vader
dearth vader's picture

No way, Jose.

Thu, 02/04/2016 - 15:25 | 7140691 tdogg
tdogg's picture

You said is Jose.

Hey!  Nobody fu#%Ks with the Jose.

 

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

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