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.

Where Are The Lions?


Why did Romans spend good Roman money to attend contests between lions and Christians?  Wasn’t the victor pretty obvious?  What was the contest anyway? Why do I spend good American money to attend football games between the Dallas Cowboys and anybody else?  The participants are always changing.  I don’t know and have never met any … Continue reading Where Are The Lions?

Rolling Crisis?


When I moved from the barely-growing mid-Atlantic to rapidly-growing Texas in the late 1970’s, I was grateful that at least some part of the country was growing.  A few years later, Texas experienced an oil crash.  I remember seeing bumper stickers that read:  Please God, let there be one more oil boom, and I promise … Continue reading Rolling Crisis?

Thank You, John !


Almost every family has some goofy, old aunt or uncle who always complains “the end is near, and we’re all going to die.”  Wall Street is like that, especially about all things political.  When the sky is not falling, it is like Sherlock Holmes’ dog that didn’t bark.  The lack of an expected response can … Continue reading Thank You, John !

Obama Is A Failure


But, so was Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush.  All promised to “do something” about the loudness of TV commercials.  That has been the most common complaint to the Federal Communications Commission since 1980, averaging over twenty thousand complaints each year. At least Obama “did something” and got Congress to … Continue reading Obama Is A Failure

Shelter In A Storm ?


For those of us who worry about a global economic slowdown, there is one sector of our U.S. economy that should remain largely immune, and that is homebuilding.  First, relatively small amounts of inventory have been added since the Great Recession, while population has increased.  With demand for housing rising faster than the supply of … Continue reading Shelter In A Storm ?

Quarterly Column


My latest column for Inside Business lives at: 

A One-Handed Clap


Psychologists say constant negative feedback creates a certain numbness to feedback, so we should offer some positive feedback whenever possible. How many times have I asked readers to take a cold shower at ?  That website shows the spiraling problem of increasing debt.  It is frustrating, frightening and maddening! But wait!  The budget deficit … Continue reading A One-Handed Clap

Still 98.6 Degrees


Is the stock market over-heated?  The shorthand answer on Wall Street deals with the Price-Earnings (PE) Ratio or how many times the stock market values each dollar of earnings per share.  In other words, if a stock earns $1.00 per share and sells for $20 per share, then the PE ratio for that stock is … Continue reading Still 98.6 Degrees

Bold Predictions ?


I would never hire anybody who worked at investment banking giant Goldman Sachs, UNLESS they worked in the research department, which I do respect.  Here are some of their latest forecasts: 1.  GDP growth in the U.S. remains essentially unchanged at 2.4% last year, 2.5% this year, and 2.4% next year.2.  GDP growth in Europe … Continue reading Bold Predictions ?

One Joy of Education


We’ve all heard about the increasing concentration of income among the top 5%.  You might even think the 95% are treated unfairly.  Or, maybe the 5% are just better protected. If you are having trouble convincing your kid that he should stay in high school and then go to college, consider the latest research from … Continue reading One Joy of Education

Majority vs Minority


Q.  What is the difference between Republican congressmen and Tea Party congressmen? A.  Republicans believe in majority rule, not minority rule.

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