Listen Up

According to a recent AP article, we need to do a better job of judging economic 'developments' from various stakeholder perspectives.

Buying binges by consumers and companies can power the economy yet catapult the trade deficit. A weaker dollar can help U.S. manufacturers but hurt American shoppers. Rising home prices can give a homeowner a sense of wealth and make a house hunter feel cash-strapped. These are just a few of the apparent contradictions of economics.How an economic development is perceived depends on who is making the assessment--a consumer, businessman, investor or politician, for example, and how the economy is treating him. More here.