Bloomberg recently published a piece on looming economic risks for the world due to the war in Ukraine, inflation, and rising fuel and basic commodities prices. The article features three market visionaries discussing the next major risk over the next five to ten years. Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, is concerned about labor shortages and inadequate skills development among students.
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, fears the emergence of a more deadly virus with worse consequences than COVID-19, citing the lack of preparedness and learning from previous pandemics. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where nations prioritize self-sufficiency in food and energy, warning of dire consequences for unprepared nations in the event of price surges
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