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Market Experts Warn of Upcoming Risks Amid War, Inflation, and Rising Commodity Prices

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ECONOMICS News

War In Ukraine,Inflation,Rising Commodity Prices

Three leading market visionaries share their concerns about the looming economic risks the world faces due to the war in Ukraine, inflation, and the escalating costs of essential commodities. The experts include Abby Joseph Cohen, who is worried about labor shortages and education; Sam Bankman-Fried, who fears a more devastating virus; and Ken Moelis, who predicts a shift towards national self-sufficiency.

Bloomberg recently published an article on the significant economic risks faced by the world due to the ongoing war in Ukraine, rising inflation, and increasing costs of fuel and basic commodities. The piece featured insights from three market experts on what they consider as the 'next big risk' for the world in the next five to ten years.

Abby Joseph Cohen, a former strategist at Goldman Sachs and current Columbia University professor, is concerned about the shortage of skilled labor and the inadequacy of educational systems in developing the necessary skills for future scientists, doctors, engineers, etc. Cohen emphasizes the importance of investing in research, education, and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, fears the release of a more dangerous virus that could lead to greater devastation and consequences than the Covid-19 pandemic. Ken Moelis, founder and CEO of Moelis & Co., believes the world is moving towards a more localized economy where nations prioritize their own needs, leading to deglobalization

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