Three market visionaries discuss looming economic risks in Bloomberg's recent piece, including labor shortages, potential pandemics, and deglobalization.
Bloomberg recently published a piece discussing the significant economic risks the world faces due to the war in Ukraine, high inflation, and escalating fuel and basic commodity prices. The article featured insights from three market visionaries on the next major global risk in the next five to ten years.
Abby Joseph Cohen, former Goldman Sachs strategist and current Columbia University professor, expressed concerns about the shortage of skilled labor and inadequate education for future professionals. Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, highlighted the potential for a more lethal virus to cause greater devastation than the COVID-19 pandemic, emphasizing the need for better-prepared systems. Ken Moelis, founder and CEO of Moelis & Co., warned about the trend of deglobalization and the potential consequences of not securing national resources like food and energy
Economic Risks Labor Shortages Pandemics Deglobalization Inflation Fuel Prices
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