Bloomberg recently published an article about the significant economic risks facing the world amid the ongoing conflict in Ukraine, rising inflation, and escalating fuel and basic commodity prices. The article highlights the views of three prominent market visionaries on the upcoming major risks expected within the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University instructor, expresses concern over labor shortages and the underdevelopment of skills among students destined to be future scientists, doctors, engineers, and other critical professionals. She emphasizes the need for investment in the future and worker welfare. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, worries about the potential for a more lethal virus to emerge, causing worse impacts than the current pandemic, arguing that global preparedness remains inadequate. Ken Moelis, founder and CEO of Moelis & Co., predicts a retreat from globalization as nations seek self-sufficiency in food and energy, fearing dire consequences if they remain unprepared for future crises like a $200 oil price surge
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