Bloomberg recently published an article discussing major economic risks facing the world due to the ongoing conflict in Ukraine, increasing inflation, and the rising prices of fuel and basic commodities. The article highlights the perspectives of three market visionaries on these risks.
Abby Joseph Cohen, former strategist at Goldman Sachs and current Columbia University professor, expresses concern over labor shortages and inadequate skills development among students who will become future scientists, doctors, engineers, and more. She emphasizes the importance of investing in research, training, and education, and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential for a more deadly virus to emerge, causing even greater consequences than the recent pandemic. He argues that the world must prepare better for future outbreaks to prevent them from becoming pandemics. Ken Moelis, founder and CEO of Moelis & Co., believes nations are moving towards deglobalization, focusing on self-sufficiency in food and energy production. He suggests that nations must prepare for volatile energy prices and ensure they are not caught unprepared
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