The questions are everywhere these days: What’s going on with the stock market? Why the wild swings? And more specifically, what’s causing all the turmoil in the financial and credit worlds, and what are the solutions?
I’ll be blogging my thoughts about these important issues more in the coming days and weeks, but for now I wanted to share with you the angle I take in today’s Washington Post business section. The question here is how the rockiness specifically affects the Washington DC financial community.
Frederic V. Malek, who was a senior adviser to Carlyle from 1989 to 1991 and then founded Thayer Capital, said the effect on Washington would be less severe than on other financial centers.
“The Washington area has been generally resistant to large swings because of the stability of government employment and spending,” Malek said. “This is likely to settle down in the coming weeks or months. And I suspect that this will have a lesser effect in Washington than in the rest of the country.”
Would love to hear your thoughts.