Friday, Aug 18, 2006

Borrow, borrow ... forget you have to pay it back tomorrow !

The Times: Mortgage lending continues buoyant

Mortgage lending remained robust last month as the housing market's summer resurgence showed little sign of cooling, figures showed today.

Posted by onyerhike @ 07:30 PM (489 views)
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1. The Bald Man said...

Also note today that Gordans tax tax rose. This has come from oil price rises and I would suggest increased borrowing. The whole economy is buily on borrowing used by Gordan to waste on public spending. What has happened to real economic growth? All we are doing is mortgaging the future. Now interest rates are rising and assets are severely over valued what happens when the inevitable fall comes. The strain on the global banking system could be severe.

Saturday, August 19, 2006 11:14AM Report Comment
 

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