Recently, Bloomberg published an article highlighting the major economic risks facing the world given the ongoing war in Ukraine, high inflation, and rising prices of fuel and basic commodities. The article included insights from three market visionaries on the 'next big risk' anticipated over the next five to ten years. Abby Joseph Cohen, former strategist at Goldman Sachs Group Inc.
and now a professor at Columbia University, is concerned about the labor shortage and inadequate skills development among students, who will become the next generation of scientists, doctors, engineers, and more. Cohen emphasizes the importance of investing in the future and supporting workers to ensure their families are more comfortable. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, is worried that a more deadly and destructive virus could emerge, causing worse consequences than those seen with the previous pandemic. Ken Moelis, founder and CEO of Moelis & Co., predicts growing deglobalization, with nations focusing more on self-sufficiency to secure their food and energy needs, fearing dire consequences if they are unprepared for future crises
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