Bloomberg has recently published an analysis on the significant economic risks facing the world due to the ongoing Ukraine conflict, high inflation, and escalating prices of fuel and basic goods. The article encompasses the views of three prominent market visionaries on the looming major risks over the next five to ten years. Abby Joseph Cohen, previous strategist at Goldman Sachs Group Inc.
and current Columbia University faculty member, is concerned about the impending labor shortage and the underdevelopment of students' skills – critical for the future professionals in science, medicine, and engineering. Cohen emphasizes the importance of investing in the future and ensuring workers' well-being. Sam Bankman-Fried, CEO of FTX, worries that another virus as deadly and devastating as the one seen in the previous pandemic could emerge, possibly with even more severe consequences if preventive measures are not strengthened. Lastly, Ken Moelis, founder and CEO of Moelis & Co., warns about the trend towards deglobalization, suggesting that nations are increasingly focusing on self-sufficiency in food and energy amid the current global turmoil, which could have dire consequences for those unprepared for such changes
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