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.

Tortured Logic


On Thursday, we learned that GDP was stronger during the third quarter than we expected, with an annualized growth rate of 2.8%.  Interestingly, it was not because of improved consumer spending, which was 1.5% of the 2.8%.  Improved exports contributed 0.31%.  But, the most surprising increase was inventory levels, which contributed 0.83%.  That could be … Continue reading Tortured Logic

Beware This Bull Indicator


Technical indicators are always interesting but not necessarily trustworthy.  It is a very bullish technical indicator when the 50-day moving average crosses above the 200-day moving average.  That just happened for gold.  Take a look at this: Despite what all the commercials on Fox News promise, gold is not about to spike upwards, UNLESS you … Continue reading Beware This Bull Indicator

Just More Feckless Politicians ?


While nobody would ever confuse me with a Tea Party supporter, media analysis of the Tea Party’s dismal performance during Tuesday’s elections remind me of the quote attributed to Mark Twain about reports of his death being greatly exaggerated.  I hope so, because we still need the Tea Party . . . a little, maybe! … Continue reading Just More Feckless Politicians ?

Wisdom of Sir John


Investment legend Sir John Templeton is best known for his emphasis on international investing.  However, he also said “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”  And, of course, he is right! So, where are we today?  While I see a lot of political pessimism, I see … Continue reading Wisdom of Sir John

Lee Greenwood Is Right


With our daily deluge of negative news, it is easy to think America is falling apart.  Maybe, it is, but there are some places that are far worse.  If you think we have problems, consider the case of Greece: 1.  They are still in recession after six long years.  We’ve been a “weak” recovery for … Continue reading Lee Greenwood Is Right

What’s Not To Like ?


Amid the love fest taking place on Wall Street, it was easy to miss the good ISM (Institute of Supply Management) reports of underlying economic data last week.  We learned that manufacturing improved nicely in October, with the ISM Manufacturing Index coming in at 56.4.  (Anything above 50 indicates an increase.)  While production increased 2% … Continue reading What’s Not To Like ?

More Than Money


It doesn’t matter if you believe you are fortunate because you are a “doer” or “job creator” from the mind of Ayd Rand, or if you believe God has just blessed you (but not others), or that you had the good foresight to pick a rich father, or that you believe it was simply blind … Continue reading More Than Money

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