Jose Canseco gets NIRP'd

Leading monetary scholar Jose Canseco opined this morning on Twitter:

Negative interest rates in Japan is blowing my mind

— Jose Canseco (@JoseCanseco) February 4, 2016

Who is advising Japan? Forcing banks to lend all ¥ will not get 2% inflation. It creates loanees market with even lower rates. Dumb move

— Jose Canseco (@JoseCanseco) February 4, 2016

Bank of Japan should call them willie wonka bonds "YOU GET NOTHING. yOU LOSE!"

— Jose Canseco (@JoseCanseco) February 4, 2016

... which makes a lot of sense.  And, yes, "loanee" is a word.  Look it up.

Bloomberg TV reporter Joseph Weisenthal (who?) wanted some audience, so he asked Canseco to come on his show.



Ah-ha, Jose! And there is where Weisenthal has you! As you observed this morning, time is now negative money! Do the show!