Makes you wonder if someone saw record savings in 2020 and decided to do something about it.

That first spike must be people not spending money during the lockdowns, the second spike is probably the stimulus checks. Looks like it is time for the third strike spike.

tldr: you are the liquidity they want to drain from the system

This view is also interesting if you look at the 1959-1970s part of the chart. #wtfhappenedin1971