The phrase "double-edged" is often used to describe a situation or statement that has both positive and negative consequences. Synonyms for this phrase include "two-faced," "ambivalent," "ambiguous," "dilemmatic," and "contradictory." While "double-edged" typically implies that the situation is balanced between two opposing forces, "two-faced" suggests that the situation is intentionally deceitful or duplicative. "Ambivalent" and "ambiguous" both suggest uncertainty or a lack of clarity, while "dilemmatic" and "contradictory" imply a more acute conflict between opposing views or values. Regardless of the synonym used, the idea of a "double-edged" situation is always one that requires careful consideration and thoughtful decision-making.