Bloomberg recently published an article on the looming big economic risks for the world in the face of the war in Ukraine, inflation, and rising prices of fuel and basic commodities. The article featured the perspectives of three market visionaries on 'the next big risk' for the world in the next five to ten years. Abby Joseph Cohen, former strategist for Goldman Sachs Group Inc.
and currently teaching at Columbia University, expressed concern about the labor shortage and inadequate skills development among students who will be the future scientists, doctors, and engineers of the world. Cohen advocates for investing in the future through research, training, and education and for improving workers' comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, worries about the potential outbreak of a more deadly virus which could cause worse consequences than the Covid pandemic. He emphasizes the importance of learning from past pandemics to prevent future disasters. Ken Moelis, founder and CEO of Moelis & Co., believes the world is moving towards deglobalization, with nations prioritizing internal resources to ensure stability. In today's context, every country needs to secure control over its own food and energy supplies to avoid dire consequences when oil and gas prices rise
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