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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Three Market Visionaries Warn of Looming Economic RisksAbby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis discuss significant economic and societal risks in the next five to ten years, including labor shortages, potential pandemics, and deglobalization trends.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Economic Risks Looming: Market Visionaries Warn of Future DangersBloomberg highlights the major economic risks facing the world due to the Ukraine conflict, inflation, and rising fuel and commodity prices. The piece explores the views of three market visionaries on the next significant risk, with Abby Joseph Cohen focusing on the labor shortage and need for skills development among the youth.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Economic Risks Looming Ahead: Market Visionaries Warn of Future ChallengesBloomberg published an article highlighting the economic risks facing the world due to the Ukraine war, inflation, and rising fuel and commodity prices. The article features insights from three market experts, including Abby Joseph Cohen, who expresses concerns about labor shortages and the need for better skills development among young people.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Big Economic Risks Looming as Market Visionaries Warn of Future ChallengesBloomberg highlights the looming economic risks facing the world, including the war in Ukraine, inflation, and rising fuel costs. A recent piece features insights from three market visionaries on the 'next big risk' over the next five to ten years. Abby Joseph Cohen, formerly of Goldman Sachs and now a Columbia University professor, expresses concerns over labor shortages and insufficient skills development among students, emphasizing the importance of future-oriented investments and worker support.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Market Visionaries Warn of Looming Economic RisksBloomberg highlights the economic risks the world faces due to the Ukraine war, inflation, and rising fuel prices. Three market experts discuss future risks, focusing on labor shortages and skills development.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Big Economic Risks Looming Ahead: Market Visionaries Warn of Future ChallengesBloomberg highlights the concerns of market visionaries about looming economic risks such as the war in Ukraine, soaring inflation, rising fuel and basic commodity prices. Abby Joseph Cohen, ex-strategist for Goldman Sachs and current Columbia University professor, expresses worry over labor shortages and inadequate skills development among students, emphasizing the need for investments in research, training, and education.
Source: BusinessMirror - 🏆 19. / 59 Read more »