Bloomberg has recently published a piece highlighting significant economic risks facing the world due to the war in Ukraine, escalating inflation, and increasing costs of fuel and basic commodities. The article includes insights from three market visionaries on the impending major risks over the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, emphasizes concerns over labor shortages and inadequate skills development among students, urging for investments in research, training, and education. Sam Bankman-Fried, CEO of FTX, expresses worry about the potential for a more lethal virus to emerge, causing greater devastation than the impact of COVID-19. Ken Moelis, founder and CEO of Moelis & Co., warns of deglobalization, suggesting that nations must ensure self-sufficiency in food and energy to avoid dire consequences in times of crisis
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