Bloomberg has published an article discussing major economic risks facing the world amid the war in Ukraine, high inflation, and rising fuel and basic commodity prices. The article highlights the insights of three market visionaries on the significant risks anticipated in the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expresses concern over labor shortages and inadequate skills development among students, emphasizing the need for investment in future research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential outbreak of a more lethal virus that could cause worse consequences than the current pandemic, stressing the importance of learning from past mistakes and implementing robust protective systems. Ken Moelis, founder and CEO of Moelis & Co., foresees a shift towards deglobalization, with nations prioritizing self-sufficiency in food and energy to mitigate the impact of soaring oil and gas prices
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