Bloomberg recently released an article discussing the significant economic risks facing the world due to the ongoing conflict in Ukraine, rampant inflation, and escalating fuel and basic commodity prices. The article features insights from three prominent market experts regarding their concerns about the 'next big risk' in the next five to ten years. Abby Joseph Cohen, former strategist at Goldman Sachs Group Inc.
and current Columbia University professor, emphasizes the importance of addressing labor shortages and enhancing skills development among the youth—the future scientists, doctors, engineers, and more. She advocates for investment in future endeavors such as research, training, and education, as well as ensuring worker comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses worry over a more lethal virus potentially causing greater devastation than the current pandemic. He suggests that despite the lessons learned from the previous pandemic, we remain unprepared for future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., foresees a trend of deglobalization, where nations prioritize self-sufficiency in food and energy. He warns that without this approach, countries could face severe economic repercussions as commodity prices rise
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