"No REALLY, we're doing fine" ~ every bank right nowSubmitted by JPowsSecretlover t3_127ifsn in wallstreetbets
OrionJohnson t1_jeex6g0 wrote
Reply to comment by erickssm in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover
I mean, even on this chart you can see that deposits have never had a serious prolonged downward trend like we are in now.
erickssm t1_jef07r5 wrote
It also shows we never had such a massive spike before as well. It is completely expected to have some reversion after such a massive inflow during 2020-21. That drawdown is precisely why we haven't seen a recession yet. People had a nice cushion to lean on when inflation started to squeeze consumers.
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