Bloomberg recently published a piece on the significant economic risks facing the world due to the war in Ukraine, high inflation, and rising fuel and basic commodity prices. The article featured insights from three market visionaries on 'the next big risk' for the world over the next five to ten years. Abby Joseph Cohen, former strategist for Goldman Sachs Group Inc.
and current Columbia University professor, is concerned about labor shortages and inadequate skills development among students destined for future careers as scientists, doctors, engineers, and more. Cohen emphasizes the importance of investing in the future and supporting workers to ensure their families' comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of the potential for a more deadly virus to emerge, causing worse consequences than the impact of COVID-19. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations prioritizing self-sufficiency in essential resources like food and energy