Historical Year Data · 2006

France Credit-to-GDP Gap in 2006

France Credit-to-GDP Gap opened 2006 at 1.9 and closed at 3.4, a +78.95% move for the year. The high of 3.4 was reached on December 31, and the low of 1.9 on March 31.

Open

1.9

2006-01

3.4

4 data points

High

3.4

Dec 31

Low

1.9

Mar 31

Full Year Change

+78.95%

2005 Change

+525.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	1.9	1.9	1.9	1.9	+0.00%
Jun	2.9	2.9	2.9	2.9	+0.00%
Sep	2.9	2.9	2.9	2.9	+0.00%
Dec	3.4	3.4	3.4	3.4	+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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