Bloomberg recently published an article discussing significant economic risks in the wake of the Ukraine conflict, high inflation, and escalating fuel and basic commodity prices. The piece highlights the perspectives of three market experts on the impending risks over the next five to ten years. Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, emphasizes the labor shortage and insufficient skill development among students.
Cohen stresses the importance of investing in future research and education to improve workers' well-being. Sam Bankman-Fried, CEO of FTX, warns about the potential release of a more severe virus, underscoring the need for better preparedness systems. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations prioritizing self-sufficiency in food and energy amid global uncertainties and escalating oil prices