CEO at Morss Global Finance
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Elliott Morss has spent most of his career teaching and working as an economic consultant to developing countries on issues of trade, finance, and environmental preservation.

Dr. Morss received a B.A. from Williams College in 1960 and a Ph.D. in political economy from The Johns Hopkins ... more

ALL CONTRIBUTIONS

Where In The World To Invest? A Search Of The Globe
It is easy to remain fixated on the US. Buoyed on by the Trump Presidency, US stocks continue up. But as measured by standard indices such as price/earnings ratios, US markets are high.
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The Military-Industrial Complex Poses A Real Threat ... And An Opportunity
Eisenhower warned of the the military-industrial complex. His warning was ignored. And the US initiated a number of pointless wars. Trump has recommended a larger military budget. There are investment opportunities.
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Keep An Eye On Your Pension Investments: Snake Oil And Crime Abound
Nearly all pension funds have investment committees who hire consulting firms who in turn hire investment managers. But is there evidence that investment managers pay the consultants for selecting them? Yes.
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China, Russia, And The United States: Are They Superpowers?
Every so often, it is worth standing back and asking where is the world going.
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Greece, The IMF And The Eurogroup: The Nonsense Continues
The Eurozone is often discussed as a single entity. It is only a single entity in that all members use the same currency. In fact, the countries have very different economies.
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New Technologies, Automation And The Future
Most people are quite slow in adapting to the new technologies – just look at how long it has taken buying on line to become significant. But dealing with jobs lost to automation remains a real problem.
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Comments

Latest Comments
The Latest UN Security Council Condemnation Of Israel – A Little History
3 months ago

Carol, Mary, Dick, Craig, Philip and Bill:

Thanks for your comments. I always learn a lot when discussing controversial issues when those involved show a degree of mutual respect.

I take the point made by many of you that the Arab world (and Iran) have been very bad actors. I But I view Israel as truly special. As I mentioned, the Security Council has condemned Israel 29 times for aggressive acts. No other country comes close. And in those votes, the US either voted for the condemnation or abstained (as it just did again).

And it is hard to argue the Security Council is a group controlled by Arab nations. The five permanent members who have veto power are the US, the UK, China, France, and Russia. Are they anti-Israel? The other members are drawn from 5 separate reasons: Latin America, Eastern Europe, Western Europe, Africa and Asia-Pacific. There is no reason to think these Security Council members should be anti-Israel without cause.

I often think what if either Bill Clinton and Jimmy Carter could have worked out a two-state solution with Israel and the Palestinians. How different the world would be now! It appears from a reading of Bin Laden’s diaries that much of his anger stemmed from hating the US because of how protective it was of Israel. And projecting that to the current time, it is quite likely that a significant amount of today’s terrorism springs from that same anger.

I do think it is important to ask why was the US so protective of the Israel so as to generate so much anger among Arab nations and Iran. And here, I do believe the definitive piece was written by Mearsheimer and Walt, tenured professors at the University of Chicago and Harvard, respectively. They argue, and I believe convincingly, that the Jewish Lobby has been so effective as to get in the way of what US foreign policy should be. In short, they argue the lobby got Congress to be so pro-Israel as to anger other Middle Eastern countries.

Well, we are where we are today. What can be done? I do not believe a two-state solution is achievable with Netanyahu in power. That means much time will have to pass before anything meaningful can be done to remedy the situation. And of course, it is not as if the Palestinians have their act together….

Bill: I was thinking of the past. I do not think that today, Israel is as aggressive as other Middle East nations. Once the US invaded Iraq, the entire ME became destabilized and certainly more aggressive players emerged.

Dick: See my comments above on the UN. You are right peace cannot be forced. But I do not think the UN Security Council vote had anything to do with trying to force peace. It was merely an attempt to get Israel to stop building settlements in lands intended to be part of the Palestinian state.

Carol: I have read your response. Thanks for some corrections. I tried to address some of your points in the body of my comment above.

China’s Millennial Consumers: What Victoria’s Secret Got Wrong, And Nike Got Right
3 months ago

Helen:

I enjoyed your piece on Chinese millennials. They, along with the millennials of India will be the global economic growth drivers for the next two decades.

It is truly remarkable just how bad Victoria Secrets’ marketing approach was. As you say, The Chinese are extremely brand conscious which gives a company like VS a real head start – but to screw it up as they did – ouch!

I write about wine, and the brand consciousness of the Chinese are remarkable – they will pay thousands for a bottle from the “right” vineyards in the Bordeaux regions of France

In this article: NKE
The Latest UN Security Council Condemnation Of Israel – A Little History
3 months ago

Bill: My views might be different than yours. But I draw the line at personal insults such as "Your selective biased view is truly astounding." If we cannot discuss these matters with a degree of mutual respect, the dialogue is pointless.

The Latest UN Security Council Condemnation Of Israel – A Little History
3 months ago

Bill:

Thanks for your comment.

My view:

The US stands ready to act swiftly if any country tries to take over any part of Israel. And all countries know this so it won't happen.

What stands out in the Middle East are the aggressive actions of Israel.

Israel seized and now holds lands of Egypt, Jordan and Syria.

The International Court of Justice, the UN General Assembly and the United Nations Security Council regards Israel as the "Occupying Power". UN Special Rapporteur Richard Falk called Israel's occupation "an affront to international law."

Speculation On Trump: The Future Of The Democratic Party
4 months ago

So far, the wall is gone, Hillary will not be persecuted, and there is some truth to global warming. Trump is well on his way to becoming a Democrat!

Speculation On Trump: The Future Of The Democratic Party
4 months ago

Readers:

Thanks for your thoughts. Our forefathers built a lot of checks and balances into our Constitution in anticipation of the odd scoundrel getting elected. We will see. I remain optimistic and like Daniel, feel the President-elect deserves an opportunity to serve.

I am concerned about Supreme Court appointments but do believe women will be protected. And on money in politics, it will take a lot more than a few Supreme Court rulings to rein in moneyed interests.

Incidentally a good web site for money in politics, see Open Secrets - http://www.opensecrets.org/

The American Public Has Been Fooled – Life Is Good In The U.S.
8 months ago

Craig: Your comment reminds me how important it is for the US citizenry to be engaged in foreign policy decisions. The way to accomplish this is to bring back the draft. Then, war would not be a side show. The kids of the rich and powerful going to war would definitely engage their parents. And on the war issue, you might find my latest piece of some interest - www.morssglobalfinance.com/the-worst-us-foreign-policy-blunder-vietnam-or-iraq/

The American Public Has Been Fooled – Life Is Good In The U.S.
8 months ago

Craig: The American people might know themselves. But unlike Europe, it has remarkably little understanding of foreign affairs. After all, it sat by and let our leaders get us into the Iraq and Vietnam wars.

The Brexit Vote And Aftermath – Facts To Keep In Mind
9 months ago

Gary:

I wonder. The weak sisters (Greece, Italy, Portugal and Spain) are having trouble competing directly with Germany as they must do when they all use the same currency. When they had their own currencies, they could weaken to factor in changing levels of productivity. Where would the US be vis-a-vis Japan w/out the dollar having weakened from 360 yen/$ to 120 yen/$ now?

Greece Is Not The Only Country Facing Severe Economic Challenges…
1 year ago

George: In the late '60s, I worked for the IMF. I would regularly stop in Beirut when on a mission to the Middle East or Africa to discuss economic conditions in those regions with finance people there. Hard to believe, but at that time, Beirut was a beautiful city with a very well-educated and sophisticated population.

In this article: FXE, EZU, GREK, EWP, EWI, EWQ, JPP, EGPT, PGAL
1 to 10 of 24 comments
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BAM Brookfield Asset Management Inc.
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OBIOX Oberweis International Opportunities Fund
PHI Philippine Long Distance Telephone Co.
XIN Xinyuan Real Estate Co. Ltd.
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PERSONAL BLOG

Latest Posts
Wine Descriptors Reconsidered
There are many wine descriptors, but very few of them help wine drinkers find wines they will like. The descriptors in use are reviewed and suggestions are made.
The Latest UN Security Council Condemnation Of Israel – A Little History
The UN Security Council just condemned Israel for continuing to build settlements in "Palestinian territory." It sounds like a reasonable resolution to me. Why is Obama getting such political backlash for abstaining?
Cable News And Social Media: How They Have Weakened The American Political System
It is an understatement to say the primaries and the election of Donald Trump have resulted in political polarization. I argue that cable news and social media have contributed this and in turn to the weakening of the American political process.
An Open Letter The President-Elect And Republican Members Of Congress
Trump now has an "all-Republican" Congress. It is time for them to start governing. It won't be easy.
Speculation On Trump: The Future Of The Democratic Party
Trump, along with Republicans in the Senate, House and in the vast majority of states level have been given the keys to the kingdom. Why and how it happened matters little.
Trump Vs. Clinton: How Do They Stand On The Issues?
Most of the focus on Clinton and Trump have been on their shortcomings. In this piece I look at their positions on key issues.
Obama's Middle East Policy Has Been A Complete Failure - Or Has It?
The article is a debate on whether or not Obama's Middle East policies have been a complete disaster. I argue yes.
The Economic Future Of The Berkshires
The Berkshires are a beautiful region set in the mountains of Western Massachusetts. What does the future hold?
1 to 26 of 26 Posts

Work Experience

CEO
morssglobalfinance.com
March 2009 - Present (8 years 2 months)
I write on global finance, entertainment, foreign affairs, and wine.

Education

Williams College
BA, Economics, Political Science
The Johns Hopkins University
Ph.D

Publications