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 (in terms of research, training, education, etc.) 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. Ideally, systems should be such that outbreaks do not have to turn into pandemics. 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 nation
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global Economic Risks: Market Visionaries Sound the AlarmBloomberg explores the looming economic threats facing the world, featuring insights from three prominent figures on the most significant risks for the next decade. Concerns range from labor shortages and inadequate skills development to the possibility of a devastating pandemic and the rise of deglobalization.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Global Market Visionaries Sound the Alarm on Emerging RisksBloomberg explores the looming economic threats facing the world, highlighting the perspectives of three prominent market figures on the most significant risks in the next decade. Abby Joseph Cohen foresees a labor shortage and skills gap, emphasizing the need for investment in education and worker well-being. Sam Bankman-Fried warns of a potentially more catastrophic pandemic, stressing the importance of pandemic preparedness. Ken Moelis anticipates deglobalization, where nations prioritize self-sufficiency in food and energy security.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Market Visionaries Sound the Alarm on Future RisksBloomberg features insights from three prominent figures on the looming economic threats facing the world. From labor shortages and pandemics to deglobalization, they paint a picture of potential challenges in the coming years.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Market Experts Sound the Alarm on Top Global Risks for the Next DecadeBloomberg explores the potential economic pitfalls facing the world, highlighting concerns about labor shortages, pandemics, and deglobalization from leading market figures.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Market Visionaries Foresee Global Risks: From Pandemics to DeglobalizationBloomberg spoke to three prominent figures about the biggest threats facing the world in the coming years. Their predictions range from labor shortages and inadequate skills development to the potential for a more devastating pandemic and the rise of deglobalization.
Source: BusinessMirror - 🏆 19. / 59 Read more »
Bloomberg: Top Market Visionaries Identify World's Biggest RisksBloomberg's recent article explores major economic threats facing the globe, highlighting three market experts' predictions for the next decade. Abby Joseph Cohen, Sam Bankman-Fried, and Ken Moelis each identify potential crises, ranging from labor shortages and pandemics to rising deglobalization.
Source: BusinessMirror - 🏆 19. / 59 Read more »