Monday, September 15, 2008

Financial Word of the Day: Tharn

Tharn - verb - In Richard Adams' novel "Watership Down" the term is used when the main characters, which are rabbits, see the headlights of oncoming cars and are frozen in place.

Tharn. Frozen in place. This is a good description of what a lot of people are doing about the financial mess right now. Do you invest now while stocks are down? They could go lower. Go to bonds? You could take a bath if interest rates are raised because of inflation. Stick to cash? Inflation could eat it alive. So everyone - at least me - is stuck in the headlights wondering what to do.

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