Bloomberg recently published a piece on the looming economic risks for the world in light of the Ukraine conflict, soaring inflation, and escalating fuel and basic commodity prices. The article featured insights from three leading market experts on the 'next big risk' for the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expressed concern about a labor shortage and inadequate skills development among students who will become the future scientists, doctors, and engineers. Cohen emphasized the importance of investing in the future and ensuring workers' comfort. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, warned about the potential for a more deadly virus to emerge, causing worse consequences than those seen with the pandemic. He highlighted the importance of preparedness to minimize future pandemics' impact. Ken Moelis, founder and CEO of Moelis & Co., predicted increased deglobalization, with nations focusing on self-sufficiency in food and energy to mitigate risks posed by volatile prices
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