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Guest daddy bull

November Mortgage Figures

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Guest Daddy Bear

November 2005 - £ 27 billion loaned on mortgages

After redemptions and repayments are taken into account:

November 2005 - £8.7 billion increase in mortgage debt

How much of this has been used to fund house purchases

And more importantly how much has been used to pay off debts on credit cards and overdrafts as well as consumer purchases for Christmas, thereby continuing the 8 year CONSUMER (not Producer) BOOM????


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