Bloomberg has published an article highlighting the significant economic risks facing the world due to the ongoing conflict in Ukraine, high inflation, and increasing prices for fuel and basic commodities. Three market experts provided their insights on the looming threats.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University faculty member, is concerned about the labor shortage and inadequate skills development among young people, emphasizing the importance of future investments and worker well-being. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, fears the outbreak of a more severe pandemic, noting that lessons from the previous one were not adequately learned. Ken Moelis, founder and CEO of Moelis & Co., warns of a trend towards deglobalization, with nations focusing on self-sufficiency in food and energy to avoid dire consequences in times of crisis
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