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 Rules. . . they’re a’changing


Mark Twain once said “History doesn’t repeat itself – at best, it sometimes rhymes.”  I thought of that when studying this chart, which clearly shows that September has historically been the worst month of the year for the stock market, averaging the years since 1950.  The message to investors is “brace yourself for another stomach-churning … Continue reading The Rules. . . they’re a’changing

What Could Go Wrong ??


What could be wrong with this stock?  Revenues are down, and it lost $369 million for the first six months of this year.  The founder received a pardon from the President of the United States years ago, and even worse, some investment pros think it poses a systemic risk to entire world financial system. Yet, … Continue reading What Could Go Wrong ??

Open Letter to Colin Kaepernick


Colin Kaepernick is another rich NFL quarterback, who wears a football uniform for the San Francisco Forty-Niners.  Last week, he chose not to show the basic courtesy of standing for the national anthem, as a protest against continuing racial injustice in America. Dear Mr. Kaepernick, Often attributed to Voltaire in error, it is nonetheless true … Continue reading Open Letter to Colin Kaepernick

Cartoon Wisdom?


Cartoons can simply entertain the kids when we don’t want to be bothered.  Or, cartoons can actually teach us something.  Here is one of the latter: This cartoon shows a bear market on the left and a bull market on the right.  The bulls have small gold rings in their nose, while the bear has … Continue reading Cartoon Wisdom?

Mandatory Loyalty


In 2009, ABC News presented some interesting research into the relative dental health of different sections of the country.  They found the worst dental health in America was in the Appalachian region.  This poor state of dental health is primarily due to a condition called “Mountain Dew Mouth,” a result of too many sugary drinks … Continue reading Mandatory Loyalty

Much Ado About Nothing


It is hard to defend an obsession, any obsession.  Wall Street is obsessed with the Fed raising interest rates.  They will be glued to the television tomorrow when Janet Yellen speaks at the Fed’s summer retreat in Jackson Hole.  Everybody knows that rates have to increase, but why first and then when.If you are a borrower, … Continue reading Much Ado About Nothing

Biased Geeks ?


Republicans like to believe that journalists are closet-liberals, and I suspect there is some truth to that.  They also like to believe that professors are closet-liberals, and, with notable exceptions, there may be some truth to that as well.  But, I’m not aware of any similar sweeping generalizations about economists. There are two main trade … Continue reading Biased Geeks ?

A Real Local Legend


Luckily, I grew up on the beaches of Virginia Beach.  My perception of reality was an endless loop of Beach Blanket Bingo movies with Annette Funicello.  It was a pleasant perception of reality, indeed! A generation before me, Ed Shames was born in 1922 in Virginia Beach and also enjoyed being outdoors as he grew up … Continue reading A Real Local Legend

Insuring A 77% Loss


Some people think of their financial advisors as just that — someone to discuss and “brainstorm” financial matters.  Some people think of us as someone to delegate and perform financial duties.  Some people think of us as economic or financial wizards to manage their investments.  I think we are paid to worry.  (Years ago, a … Continue reading Insuring A 77% Loss



Bullying is getting the condemnation that it deserves.  Saying hurtful things to some poor kid is simply wrong.  Yet, saying hurtful things about some government official is somehow viewed as patriotic. Hurtful and ignorant things are said about the Fed every day.  The stock market obsesses over every word and comma in Fed minutes.  Now, … Continue reading Fed-Bullies

Wise Advice From The Left


Arianna Huffington is a highly successful businesswoman and founder of The Huffington Post.  Therefore, I assumed she was just another political hack and not worth reading.  Then, I read a review of her new book entitled The Sleep Revolution and decided to buy it.  I recommend you do the same. Everybody knows sleep is important, but … Continue reading Wise Advice From The Left

We Deserve Better


Our government can shape our economy with both monetary policy and fiscal policy.  Monetary policy is controlled by the Fed and is concerned with interest rates, changes in the money supply, management of its huge portfolio of Treasury debt, and so forth.  Fiscal policy is controlled by Congress primarily and the President secondarily.  It includes … Continue reading We Deserve Better

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