Market Visionaries Warn of Future Risks Including Labor Shortages, Pandemics, and Deglobalization

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.

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Three Market Visionaries Warn of Future Economic RisksAbby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis share their concerns about looming economic risks, including labor shortages, the potential for a deadlier pandemic, and the trend towards deglobalization.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Three Market Visionaries Warn about Future Economic RisksBloomberg highlights the thoughts of three market visionaries regarding the looming economic risks due to the war in Ukraine, inflation, and rising fuel and commodity prices. Abby Joseph Cohen, previously with Goldman Sachs, highlights the concern over labor shortages and inadequate skills development among students, emphasizing the need for investment in future research and education.
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 on Future Economic Risks Including Labor ShortagesBloomberg published a piece highlighting major economic risks for the world, including the war in Ukraine, inflation, and fuel prices. Three market experts discuss the looming threats, with Abby Joseph Cohen focusing on the future labor market and skills development issues.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Warn on Future Economic RisksBloomberg highlights the concerns of three market experts regarding the looming economic risks such as the war in Ukraine, inflation, and rising fuel prices. Abby Joseph Cohen, a former Goldman Sachs strategist, emphasizes the critical shortage of skilled labor and the need for investment in education and worker wellbeing.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Warn of Future Risks from Labor Shortages, Pandemics, and DeglobalizationThree leading market visionaries—Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis—warn of significant economic and societal risks in the next five to ten years, including labor shortages, pandemics, and deglobalization.
Source: BusinessMirror - 🏆 19. / 59 Read more »