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.

Staying Focused


The most interesting travel experience I’ve ever had was in 1987, when I happened to be in Hong Kong on the day the British government announced the handover of Hong Kong to Red China.  Immediately, the vibrant exciting city become moribund.  There was no traffic on the formerly crowded streets.  The stores didn’t open.  The … Continue reading Staying Focused

Lawful Discrimation


Everybody knows that a rowboat operates better with two oars than one.  The same is true for economic policy – it works better with BOTH monetary policy and fiscal policy.  Monetary policy is controlled by the Fed, which has done the heavy lifting to get the economy out of recession.  Fiscal policy is controlled by … Continue reading Lawful Discrimation

Worrisome Sign


The conventional wisdom on the stock of smaller companies or small-cap stocks is that they produce higher returns over the long run because they are more risky than large-cap companies.  After all, the risk-return ratio seems to justify that, doesn’t it? If that relationship starts to break down, it suggests problems for the overall stock … Continue reading Worrisome Sign



On January 6th, Inside Business published my 2014 stock market forecast that the Standard & Poor’s 500 Index would reach 2,014 in this year.  It was 1,800 at the time. On September 19th, it happened.  That’s the good news! The bad news is that it was an intra-day high on the same day of the Alibaba … Continue reading Semi-Bragging

Enjoy The Show


Most people find it boring and tedious to watch the stock market all day, and I understand that, but consider today, Friday, September 19th. First, it is a Friday, always the most unpredictable day of the week. Second, Scotland wisely voted to remain in the United Kingdom, saving the pound from dropping and saving the … Continue reading Enjoy The Show

“Considerable” Angst


Outgoing Fed Head Ben Bernanke did not want to be remembered solely as the Fed Head who greatly expanded the economic power of the Fed.  Last year, he.announced that his program to stimulate the economy known as Quantitative Easing (QE) would begin tapering, i.e., slowly decreasing monthly purchases of Treasury bonds and mortgage-backed bonds from … Continue reading “Considerable” Angst

Drinking From A Fire Hose


I just watched the monthly video of economic conditions from Wells Fargo.  They foresee continued GDP growth of roughly 3% thru the end of 2016.  If so, this would be the best two-year GDP expansion in a decade.  They also consider the disappointing Jobs Report earlier this month of only 142 thousand jobs to be … Continue reading Drinking From A Fire Hose

The First Nihilistic Nation


The seemingly sudden arrival of the Islamic State upon the world’s stage is disturbing in a number of ways.  After all, it even televises and broadcasts its atrocities and war crimes.  It truly celebrates a culture of death.  I suspect it is the first truly nihilistic nation – one that sees life as a mere … Continue reading The First Nihilistic Nation

A Bad Sequel


It is a bad sequel to a great movie.  One can argue that the only good thing Mel Gibson ever did was the 1995 movie Braveheart, which won several Oscars, including Best Picture.  It shows the subjugation of Scotland by the English beginning in 1280.  That was a long time ago, but tribal memories are … Continue reading A Bad Sequel

A Chilly Similarity ?


My father likes to watch educational, non-fiction DVDs about World War II, which I order and often preview for him.  Last weekend, I watched the two-disc set of Apocalypse Hitler.  The first disc detailed the childhood and early adult years of Hitler.  It was interesting to me that he was such a “Mommie’s Boy” and … Continue reading A Chilly Similarity ?

We’re Number Three !!


Is the Wall Street bull getting tired?  After all, it has been running for over 2,000 days now.  It has been more than 2,000 days since March 9, 2009 when the Dow touched its low of 666 points.  It is now around 2,000 points after 2,000 days.  (Technically, the 2,000th day was August 30th.) No, … Continue reading We’re Number Three !!

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