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.

Basketball, Options, and the Fed


We were in Atlanta this weekend for an interesting conference, attended by investment strategists, whose idea of athletic prowess would be to draw macro-economic graphs upside-down on drink napkins during a polite barroom discussion on economic policy. Ironically, we were surrounded by thousands of enthusiastic basketball fans attending the NCAA Tournament whose idea of physical … Continue reading Basketball, Options, and the Fed

3:00 PM EST Today


That is when the deadline expires for owners of Greek government debt to either accept or reject a complicated offer to basically write off 53.5% of the face value of the bonds they hold.  (In other words, if I owe you $1 thousand, I will repay you only $465 instead.) Over half of the bondholders … Continue reading 3:00 PM EST Today

The Weight of News


Yesterday, the stock market was ugly, the worst loss since last November, but the question is whether it reflected the U.S. economy or simply the sheer weight of news.  For example, so far this week, we’ve learned that: China’s growth rate has dropped to “only” 7.5%, ignoring their announcement that they plan to target future … Continue reading The Weight of News

A Vertical Marathon


Years ago, when I lived in Dallas, I enjoyed participating in their annual Vertical Marathon, which was a race up the stairwell of the tallest building there — all 72 floors.  Two participants at a time were permitted to start together, followed by another pair of participants two minutes later.  (Your time spent climbing was … Continue reading A Vertical Marathon

Some Not-So-Final Thoughts


Alcoholics cannot begin to help themselves until they admit they have a problem.  In that vein, we need to repeat:  The American health care system in general and Medicare & Medicaid in particular are going to destroy this country!  There!  We said it! We’ve all seen the statistics many times, maybe so many times that … Continue reading Some Not-So-Final Thoughts

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