Market Visionaries Sound Alarm on Top Global Risks for Next Decade

Bloomberg recently published a piece on the big economic risks that are looming ahead for the world in the face of the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The write-up featured the thoughts of three market visionaries on “the next big risk” for the world in the next five to 10 years.

Abby Joseph Cohen, ex-strategist for Goldman Sachs Group Inc. who is currently teaching at Columbia University, is worried about the shortage of labor and the inadequate skills development of students—young people who will be the world’s future scientists, doctors, engineers, and so on. Cohen believes it is important to invest in the future and to take care of workers so that their families are more comfortable.

The CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, is concerned that a deadlier and more devastating virus will be unleashed into the world and cause far worse consequences than what Covid did to us. It is obvious, he said, that we did not learn our lessons after the last pandemic. And so when the next one hits us, it’s likely that we will not have put in place the systems that we need to protect our people and our economy.

The founder and CEO of Moelis & Co., Ken Moelis, believes that the world is heading towards deglobalization, or the tendency of nations to look within and make sure they have enough for their own people. With everything that’s happening around the world today, every nation needs to make sure that they have control over their own food and energy, he says. Otherwise, when the price of oil and gas hits $200, for instance, there may be dire consequences for the unprepared nations.

It is apparent that we should always be looking at future risks and listening to the wisdom of economic experts such as the economic resource persons above, especially now that the new government is just starting its work and lining up the country’s new leaders and new projects for the next six years.I would like to invite everyone to our art exhibit that is opening on August 6, 2022, at 4:00 p.m.

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Market Visionaries Sound Alarm on Top Global RisksBloomberg recently published an article highlighting major economic risks facing the world due to the war in Ukraine, inflation, rising fuel and commodity prices. Three prominent figures shared their perspectives on the most significant threats for the next five to ten years.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Market Visionaries Sound Alarm on Future Global RisksBloomberg recently published an article featuring insights from three prominent market figures who identified key global risks looming in the next five to ten years. Experts Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis each highlighted pressing concerns ranging from labor shortages to potential pandemics and the rise of deglobalization.
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Market Visionaries Sound Alarm on Big Economic RisksBloomberg highlights potential global economic threats like labor shortages, pandemics, and deglobalization. Experts share their insights on these looming risks.
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Market Visionaries Sound Alarm on Biggest Global RisksBloomberg highlights the concerns of three prominent figures—Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis—about the most significant threats facing the world over the next five to ten years. From labor shortages and inadequate skills development to the potential for a deadlier pandemic and looming deglobalization, experts warn about pressing issues requiring immediate attention.
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