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.



George Washington, Thomas Jefferson, Dwight Eisenhower, my father, Chesty Puller, Irene Gut, Trammel Crow, all American POWs, especially John McCain, and all soldiers who died on the battlefield, of all armies.  They are all personal heroes of mine.  I’m not sure if I love them more or respect them more, but they are all personal … Continue reading Unforgetable

Neutron Bonds II


Do you recall the initial collapse of the stock market in 2008 was caused by “securitized mortgage-backed securities?”  A bunch of mortgage loans were assigned to a bundle, and pieces of that bundle would be sold to bond investors.  It was ideal for the banks making loans, because those newly-made loans would not stay on … Continue reading Neutron Bonds II

Slowing Success ??


Marketwatchers will testify that the most important economic report each month is the “Jobs Report” which is issued on the first Friday of each month.  In other words, today! Briefly, 160 thousand new jobs were created last month, with the unemployment rate remaining at 5%.  Economists were expecting 200 thousand new jobs. But, what does … Continue reading Slowing Success ??

Trump-care ??


Some people are smart.  Some people are smart and educated.  Some people are smart,educated, and nice.  Carolyn McClanahan is one of the latter.  Trained as a medical doctor, she subsequently became certified as a financial planner, combining two arcane disciplines into something understandable.  She also writes a blog, and here is the link to a … Continue reading Trump-care ??

I Was Wrong


I predicted Donald Trump would surely implode long before now, but he is now the presumptive nominee.  Kudos to him on that accomplishment! But, why are my many Republican friends bouncing between despair and embarrassment?  My many Democratic friends seem to be bouncing between glee and rapture. I would caution my Democratic friends not to … Continue reading I Was Wrong

Negative Interest Rates


The concept of negative interest rates is getting a lot of attention in the financial press and on Wall Street.  This reflects just how “upside-down” the world has become.  Imagine going to the bank for a car loan.  You still have to pay it back, but they will pay YOU interest for borrowing the money, … Continue reading Negative Interest Rates

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