Historical Year Data · 2006

SLOOS: Credit Card Tightening in 2006

SLOOS: Credit Card Tightening opened 2006 at 3.10% and closed at -2.90%, a -193.55% move for the year. The high of 3.10% was reached on January 1, and the low of -3.00% on July 1.

Open

3.10%

2006-01

-2.90%

4 data points

High

3.10%

Jan 1

Low

-3.00%

Jul 1

Full Year Change

-193.55%

2005 Change

-3.45%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	3.10%	3.10%	3.10%	3.10%	+0.00%
Apr	-2.60%	-2.60%	-2.60%	-2.60%	+0.00%
Jul	-3.00%	-3.00%	-3.00%	-3.00%	+0.00%
Oct	-2.90%	-2.90%	-2.90%	-2.90%	+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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