ST Alpha - "We had the same conditions in Canada without the same crash. Ergo: interest rates were not the cause." (Reading a Post)

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In response to "Because of the low rates a lot of people bought homes that they couldn't really afford." by the lioulu with crappy mag

We had the same conditions in Canada without the same crash. Ergo: interest rates were not the cause.

Posted by Reagen (aka Reagen) Nov 23 '09, 18:25

Your argument is a bit like blaming a car accident on the price of gasoline. "if gas wasn't so cheap, that person wouldn't have been driving."

Responses:

Bad analogy on your part. - the lioulu with crappy mag Nov 23, 18:34 8
- it's a perfectly applicable analogy. - Reagen Nov 23, 18:40 7
  - BTW way we didn't tighten markets we loosened them. - the lioulu with crappy mag Nov 23, 18:53 2
    - I'm aware - that's my point. It was the relative lack of regulations that caused it. -- nm - Reagen Nov 23, 18:56 1
      - If you read my posts I also said that. there was more than one reason. there were many and I did say that. -- nm - the lioulu with crappy mag Nov 23, 18:59
  - No, it isn't because when gas is cheap, more people drive. And more accidents happen. - the lioulu with crappy mag Nov 23, 18:45 3
    - This is where your pathological need to disagree with me gets you in trouble. I said that. - Reagen Nov 23, 18:51 2
      - As I said to begin with it was a bad analogy on your part. - the lioulu with crappy mag Nov 23, 18:55 1
        
        You're now in the position of disagreeing with me and agreeing with me at the same time. This is pretty impressive. -- nm - Reagen Nov 23, 18:57

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