Up to $684 billion in Q3:
Do you have a better source?
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Here are remarks by FDIC Chairman Marty Greenberg. He notes the increase in unrealized losses is primarily due to the increase in mortgage rates.
DB2
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That needs to be chewed over to figure out the impact on the velocity of money and the proportion of the failures to the money supply.
I am one foot out the door for the next few hours.
I’ll do that straight away 
They need to send that money to me ASAP. To speed up the process…
You do realized these are losses we’re talking about about. How much debt can you handle?
DB2
They can send me credit/debit cards. Minimum $10-million per card.
Study the letters of his name closely. He has hidden his true identity. Jerry is Elon. We go way back.
Ask Sppankee. He did it for decades–and lost billions.
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So if the economy is a zero sum game and banks have unrealized losses, where are the unrealized gains?
Those who do NOT pay.
Could you be more specific?
Unpaid debts are unrealized (untaxed income) gains by the debtor.
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If the economy were a zero-sum game then it couldn’t grow. It does grow, so the question is logically unsound.
As Greenberg noted, the paper losses the banks have is primarily due to the increases we’ve seen in mortgage rates. Do higher interest rates reduce demand for real estate (both residential and commercial)?
DB2
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No. The demand still exists. What changes is the ability to pay for it.
All economic profits run to zero.
A zero-sum game discusses a point time more or less.
Capital costs and all other costs run to zero taking equity values to zero. A corporation can last one week or four hundred years but will cease to exist at some point.
Met a local the other day whose great great great father in Portsmouth NH was one of the largest shipbuilders in the world. Of course that is a very capital-intensive business. There was a time when the capital made no sense and the family who inherited the company had no idea what hit them.
That is why software is so interesting as a business. Some software companies have very low capital requirements.
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If because of higher interest rates you can no longer afford a mortgage loan on a particular house, office building or factory, then you are no longer part of the current demand. You might be at a later time if interest rates or the price of the property decline, but then you are on a different point on the supply & demand curves.
DB2
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The point is that if the economy were a zero-sum enterprise then it could neither grow nor shrink.
DB2
Just because you can’t afford it does not mean you don’t want it.