Historical Year Data · 2006

Italy Credit-to-GDP Gap in 2006

Italy Credit-to-GDP Gap opened 2006 at 10.8 and closed at 12.3, a +13.89% move for the year. The high of 12.3 was reached on December 31, and the low of 10.8 on March 31.

Open

10.8

2006-01

12.3

4 data points

High

12.3

Dec 31

Low

10.8

Mar 31

Full Year Change

+13.89%

2005 Change

+14.89%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	10.8	10.8	10.8	10.8	+0.00%
Jun	11.4	11.4	11.4	11.4	+0.00%
Sep	11	11	11	11	+0.00%
Dec	12.3	12.3	12.3	12.3	+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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