Historical Year Data · 2006

UK Credit-to-GDP Gap in 2006

UK Credit-to-GDP Gap opened 2006 at 7 and closed at 7.8, a +11.43% move for the year. The high of 9.4 was reached on September 30, and the low of 7 on March 31.

Open

2006-01

7.8

4 data points

High

9.4

Sep 30

Low

Mar 31

Full Year Change

+11.43%

2005 Change

+43.40%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	7	7	7	7	+0.00%
Jun	7.7	7.7	7.7	7.7	+0.00%
Sep	9.4	9.4	9.4	9.4	+0.00%
Dec	7.8	7.8	7.8	7.8	+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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