What's Driving the Opportunity to Lender?

Banks in general have lost deposits because depositors are moving their deposits into higher yielding assets such as money markets and treasuries. So what's really happening is there's less credit available from banks to help both alternative lenders lend and direct borrowers borrow. When did you first notice this happening? Well in the last obviously in early 2023 when markets started to shift partially because of Ukraine, partially because of rates, moving, currency issues that was the beginning of cracks.