Historical Year Data · 2008

SLOOS: Credit Card Tightening in 2008

SLOOS: Credit Card Tightening opened 2008 at 9.80% and closed at 58.80%, a +500.00% move for the year. The high of 66.70% was reached on July 1, and the low of 9.80% on January 1.

Open

9.80%

2008-01

58.80%

4 data points

High

66.70%

Jul 1

Low

9.80%

Jan 1

Full Year Change

+500.00%

2007 Change

+0.00%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	9.80%	9.80%	9.80%	9.80%	+0.00%
Apr	32.40%	32.40%	32.40%	32.40%	+0.00%
Jul	66.70%	66.70%	66.70%	66.70%	+0.00%
Oct	58.80%	58.80%	58.80%	58.80%	+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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