Doom du Jour No. 13

Our total credit card debt is about $325 -- manageable enough. Overall debt consisting of two bank loans and a mortgage is a bit more that we'd like, but we've been cutting the hell out of expenses and hope to have all our bank debt gone by next summer.

This is scary:

Of course, it's a blip next to the mortgage mess. Seven percent of mortgages are late, and another 3 percent are in foreclosure? That's 10 percent of the market, or about $1.4 trillion. Credit card debt totals only $822 billion. Even if all credit card debt were running late or being charged off, it wouldn't be nearly so bad as the mortgage disaster.

But it's still not good. No, indeed.