Historical Year Data · 2006

Japan Credit-to-GDP Gap in 2006

Japan Credit-to-GDP Gap opened 2006 at -19.8 and closed at -15.8, a +20.20% move for the year. The high of -15.8 was reached on December 31, and the low of -19.8 on March 31.

Open

-19.8

2006-01

-15.8

4 data points

High

-15.8

Dec 31

Low

-19.8

Mar 31

Full Year Change

+20.20%

2005 Change

+15.64%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-19.8	-19.8	-19.8	-19.8	+0.00%
Jun	-19.2	-19.2	-19.2	-19.2	+0.00%
Sep	-17.2	-17.2	-17.2	-17.2	+0.00%
Dec	-15.8	-15.8	-15.8	-15.8	+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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