The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
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Welcome to The Flinchum File

I am an Accredited Investment Fiduciary at Bay Capital Advisors, an investment firm headquartered in Virginia Beach, VA. After retiring from Truist Bank, I started this firm to work more closely with a smaller number of clients, and it has been great! Our client load is about 25% of the national average.

Writing is not for the shy or the meek. It exposes a person’s mind and character. I hope you enjoy the view.

Special Financial Planners


Years ago, I was proud to serve as a member of U.S. Army Special Forces.  Since then, it has always amused me to see others think of us as tough, semi-savage barbarians, when we were just ordinary guys in great physical condition who were not satisfied with being merely good soldiers and wanted to be … Continue reading Special Financial Planners

. . . with a tinge of guilt


At daybreak yesterday, I was getting ready for my morning run but couldn’t stop watching CNBC, as the riots in Athens injured as many as 500 people, who were protesting an unemployment level twice as high as the U.S., as well as steeply higher taxes, including a 4% increase in their sales tax or VAT, … Continue reading . . . with a tinge of guilt

Paging Pollyanna . . .


Maybe, the wall of worry or the wall of uncertainty that is retarding Wall Street is coming down? First, I’ve found it odd that Europe has suddenly become so agreeable to saving Greece over the past few days.  Then, I realized the Chinese Prime Minister was visiting in Europe.  What a coincidence?  Like any good … Continue reading Paging Pollyanna . . .

A Real Inconvenient Truth


The last time our nation enjoyed a budget surplus was under President Bill Clinton, a fact that Democrats find convenient to remind us of frequently.  Still, the former President has written an important article in the current (June 27) issue of Newsweek magazine, where he lists fourteen ways to create jobs in America.  Some are … Continue reading A Real Inconvenient Truth

Who Said Economics is Dull?


Many readers have told me they read this blog primarily because it tries to make economics less boring and more relevant.  I hope so, but confess I have now found the ultimate website for that and will henceforth refer those who want to learn economics without falling asleep.  It is . . . enjoy!

Do I See Some Light??


Yesterday, the Comptroller of the Currency announced that, for the first time in three years, the banks have eased up on their strict lending criteria.  Of course, that was only for large, commercial firms but is still an improvement. Much criticised for their lack of lending, the bankers have said nobody wanted to borrow, as … Continue reading Do I See Some Light??

Next Week . . . More Rolaids


During seven of the last eight weeks, the stock market has been down.  It has been a relatively steady decline, with a few stomach-wrenching days.  You might use the weekend to load up on more Rolaids. But, I think we could be approaching the bottom, because uncertainty is getting so high.  In addition to the … Continue reading Next Week . . . More Rolaids

Tapping the Strategic Oil Reserve


Yesterday’s announcement that the U.S. would contribute 30 million barrels from its Strategic Oil Reserve to match the release by the International Energy Agency was a shocker indeed.  It made no sense from an energy standpoint.  Originally established in response to the Arab oil embargo of 1973-4, there was no threat to our energy independence.  It … Continue reading Tapping the Strategic Oil Reserve

Fed versus FedEx


Yesterday, the Fed announced they have lowered their estimate of GDP growth this year from their 3.9% estimate in January and 3.5% in April to only 2.9% now.  They also lowered their estimate of next year’s growth from 4% to 3.7%.  It is not a pretty picture.  They blamed “transitory” factors, such as the Japan tragedy and … Continue reading Fed versus FedEx

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