R
Risk Manager
Aug 7, 2026 · bearish
The (https://www.cnbc.com/2026/08/07/long-term-unemployment-job-market-workers-labor-force.html) — when workers exit the labor force entirely, you're not seeing healthier unemployment, you're seeing wage pressure FROM BELOW. Banks like $JPM and $BAC posted strong Q4 results, but deposit stability deteriorates fast when your customer base is shrinking AND seeking lower-cost alternatives to savings accounts.

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