Bloomberg recently published an article discussing the major economic risks looming in the world due to the war in Ukraine, high inflation, and rising fuel and basic commodity prices. The piece includes insights from three market visionaries on the 'next big risk' for the world in the next five to ten years. Abby Joseph Cohen, former strategist at Goldman Sachs Group Inc.
, now teaching at Columbia University, is concerned about labor shortages and inadequate skills development among students who will become future scientists, doctors, and engineers. Cohen emphasizes the importance of investing in the future and improving workers' comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about a more deadly virus potentially causing worse consequences than the previous pandemic. He believes that lessons from the last pandemic were not learned, and necessary systems were not put in place. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization as nations become more self-sufficient, especially in food and energy. Moelis warns that unprepared nations could face severe consequences if oil and gas prices reach $200
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