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Market Experts Warn of Upcoming Economic Dangers

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ECONOMICS Nyheter

ECONOMIC RISKS,LABOR SHORTAGE,CRYPTOCURRENCY

Three market experts, Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis, discuss the looming economic risks and challenges in the face of the Ukraine war, inflation, and rising fuel prices, as outlined in a recent Bloomberg article.

Bloomberg has published an article discussing the significant economic risks facing the world in the aftermath of the Ukraine conflict, escalating inflation, and the increasing costs of fuel and essential goods. The article includes insights from three market experts on the upcoming economic hazards over the next five to ten years. Abby Joseph Cohen, formerly a strategist at Goldman Sachs Group Inc.

and now an educator at Columbia University, expresses concern over the scarcity of skilled labor and the inadequacy of education for future professionals. She emphasizes the need for investment in future research, training, and education, along with better worker support. Sam Bankman-Fried, CEO of FTX, the cryptocurrency exchange, warns of a more lethal virus that could pose greater threats than the current pandemic. He highlights the importance of preparedness for future outbreaks to prevent them from becoming pandemics. Ken Moelis, founder and CEO of investment bank Moelis & Co., predicts increasing deglobalization, with nations focusing more on self-sufficiency in food and energy to withstand future crises, such as a potential rise in oil and gas prices

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