Bloomberg has recently published an article highlighting the significant economic challenges that the world is facing due to the war in Ukraine, inflation, and the rising costs of fuel and other essential goods. The article includes insights from three prominent market experts regarding the looming risks in the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expresses concern over labor shortages and inadequate skills development among students destined to be future professionals. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, fears a more deadly virus could emerge, causing greater devastation than the current pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations prioritizing domestic production and self-sufficiency in food and energy
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