Bloomberg recently published a piece on the looming economic risks for the world due to the ongoing war in Ukraine, rising inflation, and escalating fuel and commodity prices. The article featured insights from three market visionaries who discussed their primary concerns for the next five to ten years. Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University lecturer, expressed worry over labor shortages and inadequate skills development among students.
She emphasizes the need for future investment in research, training, and education to ensure workers’ families are more comfortable. Sam Bankman-Fried, CEO of FTX, is concerned about the potential release of a more deadly virus, which could cause greater devastation than the current pandemic. He highlights the importance of establishing robust systems to protect people and the economy from future outbreaks. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend of deglobalization where nations focus internally to ensure they have sufficient resources for their citizens, particularly in times of economic uncertainty and rising prices
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