Recent comments in /f/wallstreetbets

Celtic_Legend t1_jeer78e wrote

Reply to comment by GrandPost9774 in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover

Greed. They think lending out less for the full 100% of revenue is more profitable than increasing customers/deposits while doing revenue-expenses. And they are probably right for now. Chase in the US pays 0.01% lol

All the small banks here are offering 5% to get new customers from the giants. For retail and business though, its way less effort to just stick it in a broker you already have set up offering 4.x% instead of opening with a smaller bank. Almost every1 of us here has either a fidelity, ibkr, or even robinhood acc they use and those 3 are offering 4+%.

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thefutureisnotset t1_jeeqy9u wrote

Reply to comment by 2bits2many in "No REALLY, we're doing fine" ~ every bank right now by JPowsSecretlover

It looks to me like the one given by u/erickssm just shows total bank deposits directly over time, which trends upward with a sharper jump in 2020 reflecting the increased savings during the pandemic with a mild downward trend in 2022.

The one given by OP shows “change in bank deposits from peak” and if the top of the graph is 0 but the actual amount of deposits trends up, that must mean it’s dynamically considering the peak as it updates over time rather than the peak considering the entire data set. So even though this chart shows 0 from 2020 to 2022, what’s really going on is the peak is sharply rising, so then the sharp downfall looks way more dramatic because the way the graph is structured strongly emphasizes decreasing deposits while abstracting increasing deposits.

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