Historical Year Data · 2008

Total Consumer Credit in 2008

Total Consumer Credit opened 2008 at $2619B and closed at $2644B, a +0.93% move for the year. The high of $2665B was reached on July 1, and the low of $2619B on January 1.

Open

$2619B

2008-01

$2644B

12 data points

High

$2665B

Jul 1

Low

$2619B

Jan 1

Full Year Change

+0.93%

2007 Change

+6.16%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	$2619B	$2619B	$2619B	$2619B	+0.00%
Feb	$2634B	$2634B	$2634B	$2634B	+0.00%
Mar	$2646B	$2646B	$2646B	$2646B	+0.00%
Apr	$2654B	$2654B	$2654B	$2654B	+0.00%
May	$2660B	$2660B	$2660B	$2660B	+0.00%
Jun	$2662B	$2662B	$2662B	$2662B	+0.00%
Jul	$2665B	$2665B	$2665B	$2665B	+0.00%
Aug	$2662B	$2662B	$2662B	$2662B	+0.00%
Sep	$2657B	$2657B	$2657B	$2657B	+0.00%
Oct	$2661B	$2661B	$2661B	$2661B	+0.00%
Nov	$2651B	$2651B	$2651B	$2651B	+0.00%
Dec	$2644B	$2644B	$2644B	$2644B	+0.00%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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