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

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The Future Of The Global Wine Industry: Boxes, Bulk And Blends
What is happening in the wine industry?
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Growing Gambling Facilities In The Northeast US: Is There A Market For Them All?
Politicians in Massachusetts, New York, and Rhode Island have put aside moral and/or addiction concerns over gambling. Instead, they recently asked why all the gambling dollars from their citizens go to the casinos in Connecticut and New Jersey.
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The Global Energy Transition: Will Renewables Save Us?
Global energy consumption continues to grow, and the growth in renewable will not be large enough to significantly cut into the use of fossil fuels in the foreseeable future. As a consequence, the world should continue to warm for some time.
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Technological Change – Nobody Really Knows What Is Coming
We hear endlessly that technology is advancing at an ever-increasing rate. But for the most part, we just plod along in our current life paths.
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Is Greece Out Of The Woods? The IMF Does Not Think So
The IMF, the European Central Bank (ECB) and the European Commission (EC) have together provided Greece with $383 billion in bailout monies. That amounts to 180% of Greece’s annual GDP! This assistance started in 2010.
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EC Gambling: A State Of The World Report
I examine what is happening in gambling by region and type with an industry expert.
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Comments

Latest Comments
Gambling: A State Of The World Report
1 month ago

This is certainly a good strategy for those getting the news first. But my guess is that this information will almost instantly be reflected in prices....

In this article: LVS, BJK, MGM, WYNN
Why The U.S. Pulling Out Of The Paris Accord Was A Real Mistake
3 months ago

Let's assume for the moment that man is not causing global warming. We should still plan to reduce dependence on fossil fuels.

Several reasons:

1. there is a limited supply of fossil fuels meaning that some time in the future, we will run out of them.

2. The mining of fossils fuels is dangerous with many thousands of deaths annually.

3. The burning of fossil fuels generates pollutants that also cause a large number of deaths every year.

There are also predictions that as a result of global warming, ocean levels will rise and more violent and dangerous storms will occur, In light of these predictions, precautions should be taken. And at the very least, the Federal govt. should stop subsidizing flood insurance in high risk areas.

Why The U.S. Pulling Out Of The Paris Accord Was A Real Mistake
3 months ago

Gary:

Was the Marshall Plan the result of global brainwashing? I think not. The US spent huge sums to get both allied and axis powers back on their feet after WW2.

Was it global brainwashing that led to the US funding the creation of the UN?

And when Kennedy created the Peace Corps. Was he brainwashed?

I think these 3 acts were the US at its best.

Pulling out of the Paris Peace Accord was conceding world leadership to others - not a good idea.

Why The U.S. Pulling Out Of The Paris Accord Was A Real Mistake
3 months ago

Gary: Thanks for your comment. I agree the earth will get warmer over at least the next decade as developing countries become more energy intensive. Nevertheless, the Paris Accord can bring pressure to bear on countries to reduce global emissions. It will also serve as an incubator for accelerated technologies. The US has already invested $1 billion in its climate fund and by leaving loses and say over how it is used.

There is also the point about the US abnegating its world leadership role. for more on this, see www.project-syndicate.org/.../paris-comes-to-pittsburgh-by-laurence-tubiana-2017-06

Brexit – Who Wins And Looses
5 months ago

Consumers have to be considered as well. They do not want any duties/restrictions on imports.

Brexit – Who Wins And Looses
5 months ago

Gary: Thanks for comment. Not sure why you say the UK is in driver's seat. Certainly its importers/exporters do not want increased restrictions on their access to the EU.

The Threat And Risk Of Rising Interest Rates: Separating Fact From Fiction
5 months ago

Chuck:

Thanks for your interesting piece. Just a couple of points I would mention:

1. Many have noted that P/E ratios are getting high relative to historic P/E. I would mention that the US has been the place for the world to invest. And this upward shift in demand will increase the "P" in the P/E ratio. So perhaps we should expect a higher P/E ratio going forward for US stock markets.

2. I am wondering how effective the Fed can really be in raising US interest rates. There is a healthy demand now for US Federal debt, and higher debt will certainly increase the demand for US debt.

In this article: JNJ, MCD, MCK, PG, MMM, SPX, TNX
The Latest UN Security Council Condemnation Of Israel – A Little History
8 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
8 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
8 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.

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STOCKS I FOLLOW

BAM Brookfield Asset Management Inc.
FBIOX Fidelity Select Biotechnology Pt
FRIFX Fidelity Real Estate Income
HTGC Hercules Technology Growth Capital, Inc.
ISTIX Ivy Science And Technology Fund Class I
MRK Merck & Co Inc.
OBIOX Oberweis International Opportunities Fund
PHI Philippine Long Distance Telephone Co.
XIN Xinyuan Real Estate Co. Ltd.
XOM Exxon Mobil Corporation

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Elliott Morss
The Democratic and Republican Parties: A Recasting Is Underway https://t.co/43oJAfrLSp
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Latest Posts
The Democratic And Republican Parties: A Recasting Is Underway
Trump was elected as a Republican President. But he is not a Republican. The article suggests that his views are more closely aligned with the Democrats than Republicans.
The Future Of The Global Wine Industry: Boxes, Bulk And Blends
The Global Wine Industry Is Ever-Changing. We Can Expect More Blends, Boxes, and Bulk
Dealing With Opioids – What We Should Have Learned By Now
The US is in the midst of an Opioid epidemic. The manner in which the US deals with other "killers" is examined. This information isa used to recommend how the Opioid crisis should be handled.
Taking Back The White House: The Democrats Need A New Platform And Leader
The Democrats are doing a good job of opposing Trump. But it is doubtful that alone will win them the Presidency in 2020. They need to develop their own platform designed to appeal to voters they lost in 2016. Some suggestions are made....
Bad Governance And Corruption In Countries: What Causes It?
What are the sources of bad governance and corruption in government? In this piece, I examine this question with the aid of an author of a new book on the subject.
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.

Work Experience

CEO
morssglobalfinance.com
March 2009 - Present (8 years 8 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