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grimkhor t1_jeec2qz wrote

The top chart doesn't make any sense at all. It compares yoy (or mom?!) numbers of deposits from peak?!

Here's the still very dramatic yoy deposit numbers with a zoom to make them look more dramatic again.

https://www.ceicdata.com/datapage/charts/ipc_united-states_total-deposits-growth/?type=area&from=2022-03-01&to=2023-02-01&lang=en

So if you now take this chart look where it peaked (probably in 2020 with covid money) and now take the amount of money this change until now represents it would be the posts chart. It's absolutely useless but it is what it is.

Edit:

OPs chart is basically a Frankenstein of the drop top right here and translated to a big number instead of percent:

https://www.ceicdata.com/datapage/charts/ipc_united-states_total-deposits-growth/?type=area&period=5y&lang=en

Not even starting to talk about the headline being about outflows while the chart being about change in deposits.

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