Bloomberg recently published an article discussing the looming global economic risks posed by the war in Ukraine, rising inflation, and increasing fuel and basic commodity prices. The article includes insights from three market visionaries on the significant risks facing the world over the next five to ten years. Abby Joseph Cohen, formerly a strategist for Goldman Sachs Group Inc.
and now a Columbia University professor, emphasizes the concern over labor shortages and inadequate skills development among students who will become future scientists, doctors, engineers, and other professionals. Cohen advocates for investing in research, training, and education, and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential for a more deadly and devastating virus outbreak, potentially worse than the impact of the COVID-19 pandemic, due to insufficient preparedness. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy, especially in light of rising oil and gas prices
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