Bloomberg recently published an article discussing significant economic risks facing the world due to the ongoing conflict in Ukraine, rampant inflation, and escalating costs of fuel and essential goods. The piece includes insights from three prominent market experts on the major threats they foresee over the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, emphasizes the importance of addressing labor shortages and the need for better skills development among students who will become the next generation of scientists, doctors, engineers, and other professionals. Cohen advocates for investments in research, training, and education, and highlights the need for supportive workplace policies. Sam Bankman-Fried, CEO of FTX, warns of a future pandemic that could surpass the impact of the current pandemic, stressing the need for improved global health infrastructure. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where nations focus on self-sufficiency in critical areas like food and energy
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