Bloomberg published an article highlighting the major economic risks facing the world due to the war in Ukraine, inflation, and rising fuel and basic commodities prices. The article includes insights from three market visionaries, with Abby Joseph Cohen expressing concerns about labor shortages and insufficient skills development among students.
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.
Economic Risks War In Ukraine Inflation Commodity Prices Labor Shortage Skills Development
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Big Economic Risks Looming Ahead Amid War, Inflation, and Commodity Price RisesBloomberg's recent article highlights the concerns of three market visionaries about the significant economic risks facing the world over the next five to ten years, including war in Ukraine, soaring inflation, and rising fuel and commodity prices. Abby Joseph Cohen, a former Goldman Sachs strategist and current Columbia University professor, emphasizes the importance of addressing labor shortages and skills development among students to secure the future.
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Big Economic Risks Looming Ahead Due to Ukraine War, Inflation and Fuel PricesBloomberg has highlighted the significant economic risks facing the world, including the war in Ukraine, soaring inflation, and rising prices of fuel and basic commodities. The article features insights from three market visionaries on potential future risks, with Abby Joseph Cohen expressing concerns about labor shortages and inadequate skills development among young people.
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Big Economic Risks Looming for World Amid Ukraine War, InflationBloomberg highlights the major economic risks facing the world due to the war in Ukraine, inflation, and rising fuel and commodity prices. Three market visionaries discuss their concerns about future risks, including labor shortages and inadequate skills development among students.
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Big Economic Risks Looming: Market Visionaries Warn of Upcoming ChallengesBloomberg highlights significant economic risks ahead, including war in Ukraine, inflation, and rising fuel and commodity prices. The article features insights from three market visionaries, with Abby Joseph Cohen warning about labor shortages and inadequate skills development among students. Cohen emphasizes the importance of future investment and worker support.
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Big Economic Risks Looming Ahead Due to War, Inflation, and Rising Commodity PricesBloomberg highlights the warnings from three market visionaries about impending economic risks such as labor shortages and inadequate skills development in students, exacerbated by the war in Ukraine, soaring inflation, and increasing fuel and basic commodity costs.
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