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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Market Visionaries Sound the Alarm on Emerging Global RisksA Bloomberg article highlights the economic risks facing the world, including the war in Ukraine, inflation, and rising commodity prices. Three market experts share their perspectives on the most significant threats to the global economy in the next decade.
Bron: BusinessMirror - 🏆 19. / 59 Lees verder »
Global Market Visionaries Sound the Alarm on Emerging RisksBloomberg explores the looming economic threats facing the world, highlighting the perspectives of three prominent market figures on the most significant risks in the next decade. Abby Joseph Cohen foresees a labor shortage and skills gap, emphasizing the need for investment in education and worker well-being. Sam Bankman-Fried warns of a potentially more catastrophic pandemic, stressing the importance of pandemic preparedness. Ken Moelis anticipates deglobalization, where nations prioritize self-sufficiency in food and energy security.
Bron: BusinessMirror - 🏆 19. / 59 Lees verder »
Market Visionaries Sound the Alarm on Future RisksBloomberg features insights from three prominent figures on the looming economic threats facing the world. From labor shortages and pandemics to deglobalization, they paint a picture of potential challenges in the coming years.
Bron: BusinessMirror - 🏆 19. / 59 Lees verder »
Global Economic Risks: Market Visionaries Sound the AlarmBloomberg explores the looming economic threats facing the world, featuring insights from three prominent figures on the most significant risks for the next decade. Concerns range from labor shortages and inadequate skills development to the possibility of a devastating pandemic and the rise of deglobalization.
Bron: BusinessMirror - 🏆 19. / 59 Lees verder »
Economic Risks Looming Ahead: Market Visionaries Sound the AlarmBloomberg's recent article discusses major economic risks facing the world due to the Ukraine war, inflation, and rising fuel and commodity prices. Three market visionaries, including Abby Joseph Cohen, highlight the shortage of labor and inadequate skills development as critical issues for the future.
Bron: BusinessMirror - 🏆 19. / 59 Lees verder »
Big Economic Risks Looming Ahead: Market Visionaries Sound the AlarmBloomberg highlights the major economic challenges facing the world, including the war in Ukraine, soaring inflation, and rising fuel and basic commodity prices. The article features insights from three market visionaries who discuss the 'next big risk' over the next five to ten years, with Abby Joseph Cohen expressing concern over labor shortages and inadequate skills development among students.
Bron: BusinessMirror - 🏆 19. / 59 Lees verder »