October 05, 2010

How's Your Economy

It’s not about the economy; it’s about your economy. By your economy, I mean your company’s economic situation (as opposed to your personal economic situation, which is a whole other issue). When people talk about "the economy" they are usually referring to the national economy. It’s what you read about in newspapers and online. Overall, that economy is pretty bad. The statistics referenced are averages, and as we all know, averages can be misleading. It makes me think of the old analogy: if you have one hand on the stove and the other in a bucket of ice, on average you’re feeling just right. Similarly, you might have an economy that is flat, with half the economy growing at 10% and half shrinking at 10%. Averages can be misleading.
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