Three Market Visionaries Highlight Major Risks for the Next Decade

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Economic Risks,Ukraine Conflict,Inflation

Bloomberg highlights the thoughts of three market visionaries on the next major risks facing the world. These include a labor shortage and skills gap, a more deadly virus, and a trend towards deglobalization.

Bloomberg has recently featured an article that outlines the significant economic risks the world might face in the next five to ten years, primarily due to the ongoing conflict in Ukraine, soaring inflation, and rising costs of fuel and basic commodities. The article highlights the perspectives of three leading market experts on the next major risk.

Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, emphasizes the labor shortage and the underdevelopment of students' skills. Cohen underscores the importance of investing in the future and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, expresses concern about a future virus that could be more deadly and destructive than the current pandemic. He believes that lessons from the past pandemic have not been effectively learned, leaving the world unprepared for the next outbreak. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing more on self-sufficiency regarding food and energy resources. He warns that without adequate preparation, countries could face severe consequences in the event of a significant rise in oil and gas prices

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