Historical Year Data · 2006

Korea Credit-to-GDP Gap in 2006

Korea Credit-to-GDP Gap opened 2006 at -15.3 and closed at -5.5, a +64.05% move for the year. The high of -5.5 was reached on December 31, and the low of -15.3 on March 31.

Open

-15.3

2006-01

-5.5

4 data points

High

-5.5

Dec 31

Low

-15.3

Mar 31

Full Year Change

+64.05%

2005 Change

+20.10%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-15.3	-15.3	-15.3	-15.3	+0.00%
Jun	-11.5	-11.5	-11.5	-11.5	+0.00%
Sep	-8.7	-8.7	-8.7	-8.7	+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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