Bloomberg recently published a piece on the big economic risks that are looming ahead for the world in the face of the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured the thoughts of three market visionaries on “the next big risk” for the world in the next five to 10 years.
Abby Joseph Cohen, ex-strategist for Goldman Sachs Group Inc. who is currently teaching at Columbia University, is worried about the shortage of labor and the inadequate skills development of students—young people who will be the world’s future scientists, doctors, engineers, and so on. Cohen believes it is important to invest in the future and to take care of workers so that their families are more comfortable.
The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, is concerned that a deadlier and more devastating virus will be unleashed into the world and cause far worse consequences than what Covid did to us. It is obvious, he said, that we did not learn our lessons after the last pandemic. And so when the next one hits us, it’s likely that we will not have put in place the systems that we need to protect our people and our economy.
The founder and CEO of Moelis & Co., Ken Moelis, believes that the world is heading towards deglobalization, or the tendency of nations to look within and make sure they have enough for their own people. With everything that’s happening around the world today, every nation needs to make sure that they have control over their own food and energy, he says. Otherwise, when the price of oil and gas hits $200, for instance, there may be dire consequences for the unprepared nations.
It is apparent that we should always be looking at future risks and listening to the wisdom of economic experts such as the economic resource persons above, especially now that the new government is just starting its work and lining up the country’s new leaders and new projects for the next six years.I would like to invite everyone to our art exhibit that is opening on August 6, 2022, at 4:00 p.m.
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Three Market Visionaries Highlight Major Economic Risks in Coming DecadesBloomberg recently released an article discussing the significant economic challenges facing the globe, including the war in Ukraine, high inflation, and escalating prices of essential goods and fuel. The report includes insights from three prominent market experts on the upcoming major risks for the world over the next five to ten years. Abby Joseph Cohen, a former strategist at Goldman Sachs and current Columbia University faculty member, expresses concern over the labor shortage and insufficient skills development among the youth, emphasizing the need for investment in future research, training, and education, as well as ensuring worker comfort and family well-being.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »
Market Visionaries Highlight Economic Risks in the Face of Global ChallengesBloomberg has released an analysis highlighting major economic risks facing the world due to the war in Ukraine, rising inflation, and increasing fuel and basic commodity prices. The article includes insights from three market visionaries who discuss potential threats in the next five to ten years, with a focus on labor shortages and educational deficiencies as primary concerns.
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Market Visionaries Foresee Global Risks: From Pandemics to DeglobalizationBloomberg spoke to three prominent figures about the biggest threats facing the world in the coming years. Their predictions range from labor shortages and inadequate skills development to the potential for a more devastating pandemic and the rise of deglobalization.
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Market Visionaries Sound the Alarm on Emerging Global RisksA Bloomberg article highlights the economic risks facing the world, including the war in Ukraine, inflation, and rising commodity prices. Three market experts share their perspectives on the most significant threats to the global economy in the next decade.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »