Bloomberg recently published a piece highlighting major economic risks facing the world due to the ongoing war in Ukraine, soaring inflation, and escalating fuel and basic commodity prices. Three leading market visionaries discussed their concerns about the next significant risk over the next five to ten years.
Abby Joseph Cohen, formerly with Goldman Sachs and now a professor at Columbia University, emphasized the labor shortage and insufficient skills development among students, advocating for investments in the future and worker well-being. Sam Bankman-Fried, CEO of FTX, warned about the potential outbreak of a more lethal virus, suggesting that we failed to learn from the last pandemic. Ken Moelis, founder and CEO of Moelis & Co., expressed worry over deglobalization, with nations prioritizing self-sufficiency in food and energy amid global uncertainties, potentially leading to dire consequences for unprepared nations
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