Bloomberg has published a piece highlighting major economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and escalating prices of fuel and essential commodities. The article features insights from three market visionaries on the potential future risks over the next five to ten years.
Abby Joseph Cohen, formerly a strategist at Goldman Sachs and now an educator at Columbia University, expresses concern over labor shortages and the insufficient skill development of students, emphasizing the need for investment in research, training, and education. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, warns of the potential for a more lethal virus that could cause even greater devastation than the previous pandemic, stressing the importance of preparedness. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations prioritizing self-reliance in food and energy production, cautioning about the consequences of unpreparedness in the face of escalating oil and gas prices
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