Bloomberg recently published a piece on the looming economic risks for the world due to the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The article highlighted the thoughts of three market visionaries on the next big risks for the world in the next five to 10 years. Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, is concerned about labor shortages and the inadequate skills development of students.
Cohen emphasizes the importance of investing in the future and ensuring worker comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of a more deadly virus causing worse consequences than COVID-19, stating that the world failed to learn from the last pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where nations focus on self-sufficiency in food and energy to avoid economic repercussions
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