Bloomberg recently published a piece on the looming economic risks for the world, with particular emphasis on the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The article features the thoughts of three market visionaries on 'the next big risk' for the world in the next five to ten years. Abby Joseph Cohen, formerly a strategist at Goldman Sachs Group Inc.
, now teaching at Columbia University, is concerned about the shortage of labor and inadequate skills development among students. Cohen emphasizes the importance of investing in the future through research, training, and education, and ensuring workers' families are comfortable. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, worries about the potential outbreak of a more deadly virus, one that could cause worse consequences than those brought by the previous pandemic. He highlights the need for better systems to prevent outbreaks from turning into pandemics. Ken Moelis, founder and CEO of Moelis & Co., believes the world is moving towards deglobalization, with nations focusing on self-sufficiency in food and energy to protect against rising oil and gas prices
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