[Alberta's Child]

I hate that website. They post a bunch of charts and tables, and give no analysis of any kind to provide context or explain what they’ve posted.

[DoodleBob]

Not only is it the dollar change in deposits, but the y-axis isn't adjusted for inflation. Further, the chart ignores the growth in saving account balances which pay interest.

What you're seeing is movement of money from one pocket to another. There was an increase in savings balances, if you look at the St. Louis FRED site.

Net-net-net, M2 flattened, which is consistent with recessionary times.

But the economic Eeyores and doomsdayers would rather you wet your pants and pay them in that worthless fiat currency for their "we're all gonna die" newsletter.