The reason why OP’s chart doesn’t tell the whole story is assets may be leaving deposits, and going to MMAs or CDs, but those MMAs and CDs are offered by banks. So net 0. A lot of grasping at straws to convince people we’re about to be in some major depression. It’s just not the case.
SwimmingEnd1 t1_jef3b2d wrote
Reply to comment by Durumbuzafeju in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover
The reason why OP’s chart doesn’t tell the whole story is assets may be leaving deposits, and going to MMAs or CDs, but those MMAs and CDs are offered by banks. So net 0. A lot of grasping at straws to convince people we’re about to be in some major depression. It’s just not the case.