Historical Year Data · 2006

Mexico Credit-to-GDP Gap in 2006

Mexico Credit-to-GDP Gap opened 2006 at -2.4 and closed at -0.4, a +83.33% move for the year. The high of -0.4 was reached on December 31, and the low of -2.4 on March 31.

Open

-2.4

2006-01

-0.4

4 data points

High

-0.4

Dec 31

Low

-2.4

Mar 31

Full Year Change

+83.33%

2005 Change

+26.32%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Mar	-2.4	-2.4	-2.4	-2.4	+0.00%
Jun	-1.6	-1.6	-1.6	-1.6	+0.00%
Sep	-1.4	-1.4	-1.4	-1.4	+0.00%
Dec	-0.4	-0.4	-0.4	-0.4	+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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