Bloomberg has published an article discussing the significant economic risks facing the world due to the ongoing war in Ukraine, high inflation, and rising fuel and basic commodity prices. The article includes insights from three market visionaries on the 'next big risk' for the world over the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, is concerned about the labor shortage and inadequate skills development among students, emphasizing the need for investment in research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential for a more deadly virus that could cause even greater disruption than COVID-19, highlighting the failure to learn from past pandemics. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy to protect against economic instability
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