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.

Ushering

12/31/2016

As we usher out 2016 and usher in 2017, my thoughts turn to difficult transitions.  Which is more difficult:  ushering a child into the world or ushering a parent out of it? The processes of ushering in versus ushering out are very different.  The first is largely a happy process, while the latter process is … Continue reading Ushering

Drum Roll,Please

12/30/2016

It is always amusing to see which blog posts were most popular during the year.  For 2016, the third most popular was “The Lehman Line” on October 22nd, when I worried about the probability of Deutsche Bank posing a systemic risk to our financial system. The second most popular was “The Only Game in Town” … Continue reading Drum Roll,Please

You Look Marvelous?

12/29/2016

If somebody said to you that you looked really great today, would you feel good or would you immediately panic that someday you will not look great? With the market hovering near all-time highs, you would think people would feel good.  Instead, “all-time high” must be some code word for immediate crash. The market has … Continue reading You Look Marvelous?

Cost of a Strong Dollar

12/28/2016

With the U.S. being the only nation that is actually raising its interest rates, it is not surprising that foreign savers are buying dollars, to move their savings and take advantage of the higher rates here.  However, the dollar has increased almost 5% over the last year, making dollars more expensive for foreigners to buy. … Continue reading Cost of a Strong Dollar

Better In Theory

12/27/2016

I have been a fan of Ayn Rand for a half century and think I have read everything she ever published. She is the mother of Libertarians and their philosophy of the rugged, determined individual standing against the forces of conformity in general and government in particular. That is not surprising considering she was a … Continue reading Better In Theory

Better In Theory

12/27/2016

I have been a fan of Ayn Rand for a half century and think I have read everything she ever published.  She is the mother of Libertarians and their philosophy of the rugged, determined individual standing against the forces of conformity in general and government in particular.  That is not surprising considering she was a … Continue reading Better In Theory

2016 Lesson Learned

12/26/2016

The last week of each year is probably the most intellectually satisfying week of the year. It forces introspection, because it is both retrospective and prospective – a retrospective look at the year-ending and a prospective look at the year-approaching. It begs the question of what did you learn this year that will help next … Continue reading 2016 Lesson Learned

2016 Lesson Learned

12/26/2016

The last week of each year is probably the most intellectually satisfying week of the year.  It forces introspection, because it is both retrospective and prospective – a retrospective look at the year-ending and a prospective look at the year-approaching.  It begs the question of what did you learn this year that will help next … Continue reading 2016 Lesson Learned

2017 Transitions

12/23/2016

The under-appreciated research department in the over-appreciated investment house of Goldman Sachs list four themes or transitions during the next year. They are (1) globalization transitioning to populism, (2) monetary policy transitioning to fiscal policy, (3) regulation to deregulation, and (4) stagflation to inflation. These are not minor transitions and will take longer than any … Continue reading 2017 Transitions

2017 Transitions

12/23/2016

The under-appreciated research department in the over-appreciated investment house of Goldman Sachs list four themes or transitions during the next year.  They are  (1) globalization transitioning to populism, (2) monetary policy transitioning to fiscal policy, (3) regulation to deregulation, and (4) stagflation to inflation.  These are not minor transitions and will take longer than any … Continue reading 2017 Transitions

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