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 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.
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Market Visionaries Discuss the Next Big Economic RisksBloomberg has published an analysis on the major economic risks facing the world, including the war in Ukraine, inflation, and rising fuel and commodity prices. The article features insights from three market visionaries, focusing on issues such as labor shortages and the need for adequate skills development among students.
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Three Market Visionaries Discuss the Next Big Risks Facing the WorldBloomberg highlights the perspectives of Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis on the upcoming economic and health risks including labor shortages, potential pandemics, and global deglobalization trends.
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Three Market Visionaries Highlight Major Economic Risks in Coming DecadesBloomberg recently released an article discussing the significant economic challenges facing the globe, including the war in Ukraine, high inflation, and escalating prices of essential goods and fuel. The report includes insights from three prominent market experts on the upcoming major risks for the world over the next five to ten years. Abby Joseph Cohen, a former strategist at Goldman Sachs and current Columbia University faculty member, expresses concern over the labor shortage and insufficient skills development among the youth, emphasizing the need for investment in future research, training, and education, as well as ensuring worker comfort and family well-being.
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Global Economic Risks in the Next Decade Highlighted by Market VisionariesBloomberg has published an article discussing the major economic risks facing the world in light of the ongoing war in Ukraine, rising inflation, and increasing costs of fuel and essential goods. The article includes insights from three prominent market experts on what they consider to be the most significant risks over the next five to ten years. Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University professor, expresses concerns about labor shortages and the underdevelopment of students' skills, emphasizing the importance of investing in future research, training, and education.
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Global Economic Risks: Market Visionaries Predict the Next Big ThreatBloomberg explores the looming economic risks facing the world, including the war in Ukraine, soaring inflation, and rising commodity prices. Three prominent market figures share their insights on the most significant risks in the next five to ten years, ranging from labor shortages and pandemics to deglobalization.
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