Bloomberg recently published a piece on the looming economic risks for the world, including the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The article featured the thoughts of three market visionaries on the next big risk for the world in the next five to ten years. Abby Joseph Cohen, a former strategist for Goldman Sachs Group Inc.
and current Columbia University professor, is concerned about the shortage of labor and inadequate skills development among students, emphasizing the importance of investing in future education and worker well-being. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, worries about a more deadly virus potentially causing worse consequences than COVID-19, highlighting the need for better pandemic preparedness. Ken Moelis, founder and CEO of Moelis & Co., believes the world is moving towards deglobalization, with nations focusing on self-sufficiency in food and energy to avoid dire consequences during economic crises