Bloomberg recently published a piece highlighting the significant economic risks the world faces amidst the ongoing conflict in Ukraine, escalating inflation, and the surge in fuel and basic commodity prices. The article featured insights from three market visionaries on the impending risks expected within the next five to ten years.
Abby Joseph Cohen, the former Goldman Sachs strategist and current Columbia University professor, expressed concern over labor shortages and inadequate skills development among future professionals. Sam Bankman-Fried, CEO of FTX, worries about the potential for a more catastrophic virus outbreak, suggesting that current systems are insufficient to prevent future pandemics. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where nations prioritize self-sufficiency in food and energy to mitigate the impacts of volatile global markets
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