Professor Emeritus, Robert H. Smith School of Business, University of Maryland

Professor Peter Morici is a recognized expert on economic policy and international economics. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in ... more

ALL CONTRIBUTIONS

Saddle Up For A Summer Rally In The Stock Market
Even with stocks pushing new records and the Federal Reserve under pressure from inflation to push up interest rates, the outlook for corporate profits is strong and that will overwhelm the pessimism among a chorus of experts.
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Economic Data Forecasts For The Weeks Of June 14 And 21
My prognosis for upcoming data releases including Retail Sales, PPI, Wednesday's FOMC statement, International Trade.
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Economic Data Forecasts For The Weeks Of June 7 And 14
Predictions for upcoming data releases, including CPI, PPI and FMOC.
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Biden’s Tax Policies Would Hurt Investment, Jobs And Innovation
Raising the federal corporate tax from 21% to 28%, combined with higher personal income taxes for those earning more than $400,000 and state taxes, would raise effective taxes on profits distributed as dividends from about 47.5% to 62.7%.
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Riding The Recovery With Stocks
With inflation surging and speculation that the Federal Reserve could soon push up interest rates, ordinary folks saving for long-term goals should consider how resilient equities proved to be during the pandemic and stick with stocks.
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Economic Data Forecasts For The Weeks Of May 24 And June 1
Predictions for upcoming data releases, including GDP, Nonfarm Payrolls.
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STOCKS I FOLLOW

AIG American International Group Inc
BND Vanguard Total Bond Market ETF
BP BP p.l.c.
C Citigroup Inc.
GM General Motors Company
GOOG Alphabet Inc. (Google)
GS Goldman Sachs Group Inc.
IYH iShares Dow Jones U.S. Healthcare Sector Index Fund
RSX MARKET VECTORS RUS ETF
SPY SPDR S&P 500

TWEETS

PERSONAL BLOG

Latest Posts
Inflation Threatens Because The Federal Reserve Is Inept And Corrupt
Thanks to $4 trillion in COVID-19 relief measures enacted through December, the gap between aggregate demand and potential GDP in February was $380 billion.
Tax Reform To Attack Inequality
With a tightly divided Congress raising taxes will be difficult for President Biden. He might be better off to rally public support for replacing the personal and corporate income taxes with a value-added tax to finance his policy agenda.
How Deficit Spending Could Hand Congress To The Republicans
As the pandemic recedes, the Federal Reserve is proving less cooperative to monetize record deficits as Biden seeks even more spending to Build Back Better.
Democrats Guaranteed Annual Income Plans Will Define The 2022 Midterms
Bernie Sanders has won the day — a guaranteed annual income, a wealth tax however disguised, national health insurance and the like will define the midterms.
Biden’s Policies Will Help The Working Class Less Than He Thinks
Biden’s $1,400 stimulus payments to unaffected households will be mostly saved or spent on Pelotons and imports from China, And not create many jobs for the 10 million, mostly lower-paid Americans rendered permanently unemployed by the pandemic.
Joe Biden’s War On The Working Class
President Biden offers himself as champion of the working class and minorities, but his policies will leave more jobless and enable Donald Trump or another populist from the right in 2024.
Tracking Biden’s Semiconductor War With China
President Biden has identified semiconductors as ground zero in economic and strategic competition with China and is seeking a Western alliance to secure that industry.
Biden Missing His Moment To Boost U.S. Growth
President Biden had the good fortune to take office just as the vaccines were rolling out and the economy was poised for a strong recovery, but he is squandering the opportunity to make the investments necessary to boost longer-term growth.

Work Experience

Economist and Professor of Business
University of Maryland
1996 - Present (25 years 10 months)
Director of Economics
U.S. Internaitonal Trade Commission
1993 - 1995 (2 years 6 months)

Education

State University of New York at Albany
PhD
1970 / 1974
Economics

Publications

Currency Manipulation and Free Trade
Peter Morici
Peter Morici
12/01/2004
The Doha Round
Peter Morici
Nucor Corporation