Bloomberg has published an article highlighting the significant economic threats facing the world, including the ongoing conflict in Ukraine, the surge in inflation, and the escalating costs of fuel and essential goods. The article features insights from three prominent market experts on the 'next big risk' anticipated over the next five to ten years.
Abby Joseph Cohen, a former strategist at Goldman Sachs and current educator at Columbia University, expresses concern over the scarcity of labor and the underdevelopment of vital skills among the youth. Cohen emphasizes the importance of investing in the future and supporting workers to ensure their families' well-being. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of a new, more lethal virus that could surpass the impact of the previous pandemic. He argues that learning from past mistakes is crucial for developing adequate systems to prevent future pandemics. Ken Moelis, CEO of Moelis & Co., predicts a trend towards deglobalization, where nations prioritize self-sufficiency in food and energy to mitigate the effects of rising oil and gas prices
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