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.

The Long View


Bobby Doll is the chief equity strategist of Nuveen Asset Management.  Before that, he held the same job at Blackrock.  I have followed his commentary for many years and always try to catch his interviews on CNBC.  His gravitas is amazing, and I have never seen him smile.  But, he never loses the long view, … Continue reading The Long View

Horror Flicks


Greece is off the stage, taking an intermission.  Now, China is spooking the stock markets – in Asia, in Europe, and in the Americas.  (Isn’t globalization wonderful?)  The Shanghai Stock Market lost 30% of its value last month.  That is a whopping $3 trillion of wealth destroyed – in one month.  Then, it stabilized, due … Continue reading Horror Flicks

Existential Humor — No, really!!


Although existentialists have a reputation as dour and sullen, surprisingly, they actually have a sense of humor, even if it is always a bit awkward.  There is the very dark humor.  Dark existentialists like to joke that everyone is going to die, and everything in life is worthless because you’re going to die.  Real upbeat … Continue reading Existential Humor — No, really!!

Next Currency War?


I know this graph looks a bit complicated initially, but it is interesting.  First, you will see that the dollar (USD) and the Chinese currency or yuan (CNY) pretty much tracked each other until July of last year.  At that time, the Fed ended quantitative easing (QE), and the Fed started talking about interest rate … Continue reading Next Currency War?

Reasonable Men Disagreeing


Some people pass through your life too quickly, and you wish for more time with them. While doing some certification work at Wharton, I was able to hear Dr. Jeremy Siegel of Wharton five times . . . but only five times.  I respected him greatly, because he was an economic agnostic, which means he … Continue reading Reasonable Men Disagreeing

A GOP Curse


A definition of ad hominem attacks is this:  “Overtly attacking somebody, or more subtly casting doubt on their character or personal attributes as a way to discredit their argument. The result of an ad hominem attack can be to undermine someone’s case without actually having to engage with it.”  It can usually be found where … Continue reading A GOP Curse

Happiness On A Monday Morning


Everybody has their memory of living with inflation during the late 1970s.  One of mine was early on a Monday morning in the offices of an insurance company that was buying a construction loan I had made for a large apartment property to be built.  When we arrived, we noticed that everybody was far, far … Continue reading Happiness On A Monday Morning

Paved With Good Intentions


There is no good intention that cannot eventually be corrupted by craven politicians pandering for votes. Sometimes derided as the “Appalachian retirement system,” the Social Security Disability Insurance (SSDI) program was created in 1956 by Republican Dwight Eisenhower, who promised it would be operated “efficiently and effectively” to help “rehabilitate the disabled so that they … Continue reading Paved With Good Intentions

Spock Gets A Kleenex


Years ago, during those days when the TV series Star Trek was a cultural phenomenon, most young men fashioned themselves after the brave commanding officer, Captain Kirk.  I was always more interested in the executive officer, Mr. Spock, who was actually brave enough to control his demons, which some people describe as emotions.  His goal was … Continue reading Spock Gets A Kleenex

Second Quarter Recap


My latest column to be published by Inside Business can be found at: 

Keynesian Luxury


If you’re a hammer, then all problems look like nails.  When the U.S. economy began falling into serious depression in 1929, the hapless President Hoover only had one tool, Austrian economics, and he used it, getting Congress to pass the Smoot-Hawley Trade Bill in 1930, despite a signed petition from 1,028 leading economists to veto … Continue reading Keynesian Luxury

The Old One-Two Punch ?


While the world stands mesmerized by the slow-motion train wreck of Greece, the Chinese stock market is crashing.  That is the only word for it — crashing!  Since it set a seven-year high on June 12th, it has been losing $145 billion of value everyday.  It is now down 32% in less than a month! … Continue reading The Old One-Two Punch ?

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