Historical Year Data · 2006

Germany Credit-to-GDP Gap in 2006

Germany Credit-to-GDP Gap opened 2006 at -3.7 and closed at -5.5, a -48.65% move for the year. The high of -3.4 was reached on June 30, and the low of -5.5 on December 31.

Open

-3.7

2006-01

-5.5

4 data points

High

-3.4

Jun 30

Low

-5.5

Dec 31

Full Year Change

-48.65%

2005 Change

+15.69%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-3.7	-3.7	-3.7	-3.7	+0.00%
Jun	-3.4	-3.4	-3.4	-3.4	+0.00%
Sep	-3.9	-3.9	-3.9	-3.9	+0.00%
Dec	-5.5	-5.5	-5.5	-5.5	+0.00%

Events During 2006

2006 US Housing Market Peak

Goldilocks

June 2006 – February 2007

US home prices peaked in summer 2006 after a 106% rally from 2000. Subprime mortgage underwriting collapsed in late 2006, setting up the 2008 crisis. The peak is the canonical example of a market top visible only in retrospect.

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