The Flinchum File

Thoughtful Economic Analysis and Existential Opinions
Subscribe to the Flinchum File
View Archives

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.

Selling Somebody Else’s Money


One rainy morning in 1981, I was in a well-lighted conference room on a high floor of Citicorp Center in Manhattan.  The weather was so bad that we could not see the streets below.  Into the room walked Congressman St. Germain of Rhode Island.  For an hour, he explained the problem with bankers is that … Continue reading Selling Somebody Else’s Money



Just as no person is perfect, no political party is perfect.  The Democrats are wrong about interstate health insurance, and the Republicans are wrong about privacy.  Allowing internet providers to sell information on users, including browsing history and Social Security numbers is just WRONG!  It is morally repugnant!!

A 10% Correction . . . So, What?


Bob Doll of Nuveen is one of my favorite “thought-leaders.”  After a 1.4% fall in the stock market last week, I was looking forward to his thoughts.  Obviously, he thinks the President’s disappointment with the Obamacare replacement makes it more difficult to get badly-needed legislation on the tax code revisions and rebuilding infrastructure.  The much-heralded … Continue reading A 10% Correction . . . So, What?

Unthinkable — Part Deux


There has been some interesting criticism of the “Unthinkable” blog last week.  It was NOT a call for the impeachment of President Trump.  Quite the contrary, I stated impeachment was indeed bad for the country.  But, I predicted it would happen nonetheless, reflecting the poisonous partisanship, the massive egos in Washington, and the lack of … Continue reading Unthinkable — Part Deux

Stepping on Rattlesnakes


Years ago, I ran the Rattlesnake Roundup 10K in Sweetwater, Texas.  All along the road, rattlesnakes were positioned on one side or the other.  Fortunately, each was tended by a “snake-charmer” who had a long tool to control the rattlesnake.  At the beginning of the race, the announcer gave us some advice I never forgot: … Continue reading Stepping on Rattlesnakes

We’re # 14 !!!


The latest “Happiness” survey listed Norway as the happiest nation on Earth.  It may be just a happy coincidence that Norway also has the highest financial literacy, compared to the U.S., which was 14th, just behind the Czech Republic. So, should high school students be required to take a financial literacy course?  I doubt anybody … Continue reading We’re # 14 !!!

The Unthinkable


Q.  When is it time to start thinking about the unthinkable?A.  When you find yourself awake at night, staring at the dark ceiling, and worrying. Q.  Will the President be impeached?  If so, for what impeachable offense?A.  Yes, but the offense doesn’t really matter at this point.  “High crimes” can include most anything.  Impeachment is … Continue reading The Unthinkable

Another Good JOLT


Wall Street, politicians, and the media pay very close attention to the monthly “Jobs Report” on the first Monday of each month.  Announcing the rate of unemployment, it is the “headline news” on the labor market. On the other hand, economists pay closer attention to the JOLT report, which stands for Job-Openings, Labor-Turnover.  An increasing … Continue reading Another Good JOLT

No Pomp and Circumstance ??


Do you remember the mixed emotions when your kid graduated from high school?  There was pride that they had accomplished something worth doing.  There was relief that your efforts to get them functioning in the real world had some measurable success.  There was excitement that they would now be standing on their own two feet, … Continue reading No Pomp and Circumstance ??

Only Five ?


Bobby Doll is the Chief Equity Analyst for giant Nuveen Asset Management and has long been one of my favorite thought-leaders.  An affable, humble man with an ability to write succinctly, he remains confident in both the economy and the stock market.  However, his most recent commentary lists five risks we should pay attention to, … Continue reading Only Five ?

Freaky Libertarians


Easily, the most readable book on economics in this young century is Freakonomics by Levitt and Dubner.  There is also a Freakonomics podcast (which is available in the App Store).  I often listen to one of those podcasts when running.  A recent one concerned the Libertarian political party, complete with an interview by Gary Johnson, who ran … Continue reading Freaky Libertarians

Oh, What A Relief It is . . .


During the Era of Gridlock, the United States was a one-armed boxer.  Gridlock made fiscal policy useless, as Congress was unable to do anything that mattered.  All we had was monetary policy, which is controlled by the Federal Reserve.  Therefore, Wall Street held its breath every time the Fed met to decide any changes.  If … Continue reading Oh, What A Relief It is . . .

We are a fee-only advisor providing best interest fiduciary services to clients
in Chesapeake, Newport News, Norfolk, Suffolk, Virginia Beach, Williamsburg, and the surrounding areas of Hampton Roads.


Contact Us Bottom