Bloomberg has published an article discussing significant economic risks that the world faces due to the war in Ukraine, increasing inflation, and rising fuel and basic commodity prices. The piece includes insights from three market visionaries on potential major risks over the next five to 10 years.
Abby Joseph Cohen, a former strategist at Goldman Sachs and current Columbia University professor, is concerned about labor shortages and underdeveloped skills among students, suggesting the need for investment in education and worker welfare. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of a more deadly virus that could cause severe consequences, highlighting the need for improved pandemic preparedness. Ken Moelis, founder and CEO of Moelis & Co., expresses worries about deglobalization, emphasizing the need for nations to secure their own resources in the face of rising prices and global instability
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