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 University ...more


The Current Economic Downturn: It’s Totally Different Than 2008
Back in 2008, a speculative bubble burst. It was caused by large US banks gambling with depositors’ funds. It resulted in an economic collapse that it took almost a decade to recover from.
Republican Economic “Talking Points” That Are Wrong
Before Trump came to power in 2016, the economy was continuing to recover from the 2008 collapse.
We Now Have The Technology To Bring The Virus Under Control: Will We Use It?
Tests might be the best way to end the virus threat.
The US Virus Problem Is Going From Bad To Worse: But There Is One Bright Ray Of Hope - Testing
The US pandemic is spinning out of control. But there is a hope new testing technologies.
Four Changes Resulting From The Pandemic That Will Stick
The new normal will be different in several important ways from what has gone before.
The Coronavirus: Its Economic Impact Should Be Considered Now
The US civilian workforce is 164.2 million, with 158.0 million employed and 6.2 million unemployed for a 3.8% unemployment rate. What is likely to happen during the virus period?


Latest Comments
Ukraine – What Are The Real Numbers On US Support?
3 years ago

Not true. CNBC reports Israel’s long-standing special arrangement for funds from the United States previously allowed Israel to spend 26 percent of the money in Israel — on Israeli-made defense products.

Trump On Trade – A Primer
5 years ago

Moon Kil Woong: thanks for comment. We used to talk about comparative advantage where you produced what you were relatively good at producing. And as you say, this has gone pretty well for both China and the US over the last 4 decades. The future? I am hopeful. The US lobbyists for the farmers and other groups that China would target are working overtime to avoid a trade war. And while Trump is clueless about this stuff, he has become a politician and does not want to see his blue collar base hurt.

Gambling: A State Of The World Report
5 years 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
6 years 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
6 years ago


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
6 years 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

Brexit – Who Wins And Looses
6 years ago

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

Brexit – Who Wins And Looses
6 years 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
6 years ago


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
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BAM Brookfield Asset Management Inc.
FBIOX Fidelity Select Biotechnology Pt
FRIFX Fidelity Real Estate Income
HTGC Hercules 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



Latest Posts
The Mueller Report: Background And True Significance
Few have taken the time to read the complete report, relying instead on newspaper headlines and TV interviews. I have read the report in depth and here are my thoughts.
The Las Vegas Massacre: What Should Be Done?
As is the case with all mass shootings, cries to ban guns are now being heard. Nonsense. The article suggests what meaningful steps should be taken.
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.

Work Experience

March 2009 - Present (14 years 6 months)
I write on global finance, entertainment, foreign affairs, and wine.


Williams College
BA, Economics, Political Science
The Johns Hopkins University