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Judgment & ambiguity · When to act

By mid-morning you're seeing deposit outflows running well above the daily norm — a mix of a few large corporate sweeps and a faint uptick in retail withdrawals — and social chatter about the bank is starting to circulate. How long do you watch before you act on liquidity?

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In a deposit run the cost of acting early is small and the cost of acting late is existential, so my bias is to act on the signal, not wait for confirmation.

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