Market Visionaries Warn About Economic Risks Looming in the Next Decade

Bloomberg recently published a piece on the big economic risks that are looming ahead for the world in the face of the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured the thoughts of three market visionaries on “the next big risk” for the world in the next five to 10 years.

Abby Joseph Cohen, ex-strategist for Goldman Sachs Group Inc. who is currently teaching at Columbia University, is worried about the shortage of labor and the inadequate skills development of students—young people who will be the world’s future scientists, doctors, engineers, and so on. Cohen believes it is important to invest in the future and to take care of workers so that their families are more comfortable.

The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, is concerned that a deadlier and more devastating virus will be unleashed into the world and cause far worse consequences than what Covid did to us. It is obvious, he said, that we did not learn our lessons after the last pandemic. And so when the next one hits us, it’s likely that we will not have put in place the systems that we need to protect our people and our economy.

The founder and CEO of Moelis & Co., Ken Moelis, believes that the world is heading towards deglobalization, or the tendency of nations to look within and make sure they have enough for their own people. With everything that’s happening around the world today, every nation needs to make sure that they have control over their own food and energy, he says. Otherwise, when the price of oil and gas hits $200, for instance, there may be dire consequences for the unprepared nations.

It is apparent that we should always be looking at future risks and listening to the wisdom of economic experts such as the economic resource persons above, especially now that the new government is just starting its work and lining up the country’s new leaders and new projects for the next six years.I would like to invite everyone to our art exhibit that is opening on August 6, 2022, at 4:00 p.m.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Visionaries Warn of Major Economic Risks in the Coming DecadeThree prominent market experts, including Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis, discuss looming economic risks due to labor shortages, potential pandemics, and deglobalization trends.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Warn of Major Economic Risks in Next DecadeThree prominent market experts warn about upcoming major economic risks, including labor shortages, potential pandemics, and deglobalization trends, as highlighted in a recent Bloomberg article.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Warn of Major Economic Risks in Coming YearsBloomberg highlights key economic risks discussed by three market visionaries, including labor shortages, potential viral outbreaks, and deglobalization trends.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Warn of Future Economic RisksBloomberg recently highlighted major economic risks facing the world, including the war in Ukraine, high inflation, and rising fuel and basic commodity prices. Three leading market experts shared their concerns about the 'next big risk,' focusing on labor shortages and inadequate skills development among future professionals.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Warn of Top Risks Facing the WorldBloomberg features insights from three influential figures on the most pressing global threats in the coming decade. Abby Joseph Cohen highlights the danger of labor shortages and inadequate skills development, emphasizing the need for investment in education and worker well-being. Sam Bankman-Fried expresses concern over a potential deadlier pandemic, urging for preparedness and preventative measures. Ken Moelis predicts a rise in deglobalization, as nations prioritize self-sufficiency in food and energy.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Warn of Economic Risks Amid Global ChallengesBloomberg highlights the looming economic risks such as the war in Ukraine, inflation, and rising fuel and commodity prices. Three market visionaries discuss 'the next big risk' for the world in the coming years, focusing on labor shortages and inadequate skills development among students.
Source: BusinessMirror - 🏆 19. / 59 Read more »