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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Next Big Risks: Market Visionaries Warn of Economic ChallengesBloomberg highlights the looming economic risks faced by the world due to the ongoing war in Ukraine, rising inflation, and increasing costs of fuel and essential commodities. The article explores the insights of three market experts on the significant challenges that could impact the global economy over the next five to ten years, including labor shortages and inadequate skills development among the youth.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »
The Next Big Risks: Market Visionaries Warn of Economic Challenges AheadBloomberg published an article discussing significant economic risks facing the world, including the war in Ukraine, inflation, and rising fuel and commodity prices. The article highlights the concerns of three market visionaries, focusing on labor shortages and inadequate skills development as critical issues identified by Abby Joseph Cohen, former strategist of Goldman Sachs and current Columbia University professor.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »
Big Economic Risks Ahead: Market Visionaries Warn of Upcoming ChallengesBloomberg highlights the major economic risks facing the world, including the war in Ukraine, soaring inflation, and rising fuel and basic commodity prices. Three market visionaries share their concerns about the next big risk over the next five to 10 years. Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, emphasizes the importance of addressing labor shortages and enhancing skills development among students.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »
Big Economic Risks Looming Ahead: Market Visionaries Warn of Future ChallengesBloomberg highlights the concerns of market visionaries about looming economic risks such as the war in Ukraine, soaring inflation, rising fuel and basic commodity prices. Abby Joseph Cohen, ex-strategist for Goldman Sachs and current Columbia University professor, expresses worry over labor shortages and inadequate skills development among students, emphasizing the need for investments in research, training, and education.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »
Big Economic Risks Looming: Market Visionaries Warn of Upcoming ChallengesBloomberg highlights significant economic risks ahead, including war in Ukraine, inflation, and rising fuel and commodity prices. The article features insights from three market visionaries, with Abby Joseph Cohen warning about labor shortages and inadequate skills development among students. Cohen emphasizes the importance of future investment and worker support.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »
The Next Big Risks: Market Visionaries Warn on Labor Shortages and Inadequate Skills DevelopmentBloomberg has published a piece highlighting the significant economic risks facing the global economy amidst the Ukraine conflict, inflation, and rising fuel and basic commodities prices. The article features insights from three market experts, including Abby Joseph Cohen, who expresses concerns about the shortage of skilled labor and underdeveloped skills among young professionals.
Herkunft: BusinessMirror - 🏆 19. / 59 Weiterlesen »