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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Market Visionaries Warn About Upcoming Economic RisksBloomberg has published an article highlighting the significant economic risks that the world may face over the next five to ten years, as highlighted by three market visionaries. The looming threats include the war in Ukraine, escalating inflation, and increasing costs of fuel and basic commodities. Abby Joseph Cohen, a renowned expert from Goldman Sachs and now a professor at Columbia University, emphasizes the importance of addressing labor shortages and the inadequacy of skills development among young people who will shape the future.
Fonte: BusinessMirror - 🏆 19. / 59 Leggi di più »
Market Visionaries Warn of Upcoming Economic RisksBloomberg has published an article discussing the looming economic risks for the world, including the war in Ukraine, inflation, and rising fuel and commodity prices. The article features insights from three market visionaries, with Abby Joseph Cohen, formerly of Goldman Sachs and now a Columbia University professor, highlighting concerns over labor shortages and inadequate skills development among students.
Fonte: BusinessMirror - 🏆 19. / 59 Leggi di più »
Market Visionaries Discuss Upcoming Economic Risks in Face of Global ChallengesBloomberg has published an article discussing the significant economic risks facing the world in the aftermath of the Ukraine war, increased inflation, and escalating costs of fuel and essential goods. The article highlights the views of three notable market experts on the looming threats for the next five to ten years, focusing on labor shortages and insufficient skills development among young professionals.
Fonte: BusinessMirror - 🏆 19. / 59 Leggi di più »
Market Visionaries Warn of Top Risks Facing the WorldBloomberg features insights from three influential figures on the most pressing global threats in the coming decade. Abby Joseph Cohen highlights the danger of labor shortages and inadequate skills development, emphasizing the need for investment in education and worker well-being. Sam Bankman-Fried expresses concern over a potential deadlier pandemic, urging for preparedness and preventative measures. Ken Moelis predicts a rise in deglobalization, as nations prioritize self-sufficiency in food and energy.
Fonte: BusinessMirror - 🏆 19. / 59 Leggi di più »
Market Visionaries Warn of Global Risks in the Coming DecadeBloomberg features insights from three prominent figures on the biggest threats facing the world in the next 5-10 years. Concerns range from labor shortages and skills gaps to the potential for a devastating pandemic and the rise of deglobalization.
Fonte: BusinessMirror - 🏆 19. / 59 Leggi di più »
Market Visionaries Warn of Global Risks: From Labor Shortages to PandemicsBloomberg interviewed three market experts about the biggest threats facing the world in the next decade. Their concerns range from a potential lack of skilled workers to the looming threat of a deadly new virus and the increasing trend of deglobalization.
Fonte: BusinessMirror - 🏆 19. / 59 Leggi di più »