Historical Year Data · 2006

US Credit-to-GDP Gap in 2006

US Credit-to-GDP Gap opened 2006 at 8.8 and closed at 10.1, a +14.77% move for the year. The high of 10.1 was reached on December 31, and the low of 8.8 on March 31.

Open

8.8

2006-01

10.1

4 data points

High

10.1

Dec 31

Low

8.8

Mar 31

Full Year Change

+14.77%

2005 Change

+15.49%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	8.8	8.8	8.8	8.8	+0.00%
Jun	9.6	9.6	9.6	9.6	+0.00%
Sep	9.7	9.7	9.7	9.7	+0.00%
Dec	10.1	10.1	10.1	10.1	+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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