Bloomberg recently published an article highlighting major economic risks facing the world due to the ongoing conflict in Ukraine, high inflation, and escalating prices of fuel and basic goods. The piece includes insights from three market visionaries on the imminent dangers for the next five to ten years. Abby Joseph Cohen, a former strategist for Goldman Sachs Group Inc.
and current Columbia University professor, expresses concerns about labor shortages and the inadequate preparation of students for future roles in science, healthcare, and engineering. Cohen emphasizes the need for investing in education and worker well-being. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns about the potential for a more lethal virus to emerge, leading to greater devastation than the current pandemic, particularly if lessons are not learned. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, where countries prioritize their own resources and self-sufficiency, especially in food and energy, to protect against economic shocks
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