Clark Howard talks about the economy

clark_standing_2509161 Some interesting articles from Clark Howard’s website:

No single answer to the question of value proposition

There are some new signs emerging about just how badly retail is suffering through the economic downturn.

First, Moody’s Investors Service downgraded the debt of Macy’s and J.C. Penney to junk-grade status. That means there are questions about whether their bonds will ever be paid off. It’s a sure sign of financial instability in these veteran retailers. Read the full story.

The funeral industry requests a bailout!

On April 1, Clark saw a Washington Post article that he thought for sure was a put-on.

In our continuing saga of bailouts, the funeral industry is now asking for its own bailout. “We recognized that there may be a situation where a lot of folks who were displaced or unemployed might need some help in paying for their funerals,” a lobbyist for the National Funeral Directors Association said in the report. “We had some preliminary discussions about providing some stimulus payments to the states [for funerals.]“ Read the full story.

Money market fund guarantee extended through Sept. ‘09

Savers can breathe a temporary sigh of relief now that government coverage on money market funds has been extended through Sept. 18, 2009.

Money-market funds have long been considered just about the safest place to stash cash. During the nearly 30 years of their existence, no one had ever lost a single penny in a money market fund. Read the full story.

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