Bloomberg recently published a piece focusing on major economic risks facing the world due to the war in Ukraine, increasing inflation, and escalating fuel and basic commodity prices. The article includes insights from three market visionaries on the 'next big risk' for the world in the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, is concerned about labor shortages and inadequate skills development among students destined to become future scientists, doctors, and engineers. Cohen stresses the importance of investing in the future and ensuring worker comfort. Sam Bankman-Fried, FTX CEO, warns of a more lethal virus potentially causing even greater devastation than COVID-19. He believes the world failed to learn from the last pandemic and is unprepared for future outbreaks. Ken Moelis, Moelis & Co. founder and CEO, argues that the world is moving towards deglobalization, with nations prioritizing self-reliance in food and energy supplies. He warns that unprepared nations could face severe consequences when fuel prices rise
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