Leading Market Experts Warn on Future Economic Dangers

Bloomberg has published an article on the imminent economic risks facing the world due to the ongoing war in Ukraine, rising inflation, and escalating fuel and basic commodity prices. The article highlights the concerns of three leading market experts regarding the potential perils in the coming five to ten years.

Abby Joseph Cohen, formerly a strategist for Goldman Sachs and now a professor at Columbia University, is particularly concerned about the shortage of skilled labor and the under-preparation of students who will be future scientists, doctors, engineers, and other professionals. She emphasizes the need for investment in future research, training, and education, as well as the importance of supporting workers and their families. Sam Bankman-Fried, CEO of the cryptocurrency exchange FTX, is anxious about the potential emergence of a more lethal virus that could have greater repercussions than the current pandemic. He argues that the lessons from the last pandemic have not been adequately learned, indicating that the world may not be prepared to handle the next one. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations focusing more on self-sufficiency in food and energy. He warns that if oil and gas prices skyrocket, unprepared nations may face severe consequences

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