Bloomberg has published an article discussing major economic risks facing the world due to the ongoing war in Ukraine, high inflation, and rising costs of fuel and basic commodities. The article highlights the perspectives of three market visionaries on the primary risks they foresee within the next five to ten years.
Abby Joseph Cohen, formerly of Goldman Sachs and now a professor at Columbia University, expresses concern about labor shortages and inadequate skills development among students, emphasizing the importance of investing in future research, training, and education. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warns of the potential for a more deadly virus to emerge and the inadequate response to previous pandemics, suggesting the need for better-prepared public health systems. Ken Moelis, founder and CEO of Moelis & Co., predicts a trend towards deglobalization, with nations becoming more self-reliant in food and energy supplies amid global uncertainties
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