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.

Snowing in Hades


To those poor souls burning in Hell – Rejoice – Snow is coming. Long time readers know my strong feelings about Google (AKA Alphabet).  I have long thought they should be ashamed.  They did NOT say to Americans, in any understandable fashion:  “In return for giving you vast amounts of information on the internet, we … Continue reading Snowing in Hades

More Sunshine Ahead


Some economic data points tell us how things are today, while others suggest how things will be in the future.  Consumer Confidence is the latter – it hints at the future.  The latest report is the best in seventeen years.  Because two-thirds of GDP is consumer spending, the latest Consumer Confidence report suggests consumer spending … Continue reading More Sunshine Ahead

Wine Talk


I had an interesting conversation with a fellow retired banker.  He is quite the intellectual, as well as a devout Christian.  The conversation drifted into the difference between long-term and short-term thinking. He explained that his greatest long-term fear is going to Hell, and his short-term tactic to avoid this is to follow the teaching … Continue reading Wine Talk

The Best American


While I did not always agree with the late Senator John McCain, I always respected him — more than any other elected official.  I knew that nobody in Washington loved this country more than John McCain loved it.  America is a better place because John McCain was here, and that was all he ever wanted! … Continue reading The Best American

Decency Matters


It was July of 2015 that Donald Trump trashed John McCain the first time.  I was deeply offended at the time that Trump trashed a war hero, a national hero, as well as a personal hero to me.  That was the line in the sand for me — it was then crystal clear to me … Continue reading Decency Matters

NING Trusts


Tax lawyers must never sleep! In January, the President unfolded his new tax code.  One of the provisions was that deductions for state and local taxes (SALT) became limited to a max of $10 thousand.  This shifted some of the tax burden from Red states to Blue states, as Blue states normally have higher SALT. … Continue reading NING Trusts



If it was wrong then, it is wrong now! I agreed with my Democratic friends that President Clinton didn’t deserve to be impeached for covering up a sexual dalliance between consenting adults. I agree with my Republican friends that President Trump doesn’t deserve to be impeached for covering up sexual dalliances between consenting adults. Yes, … Continue reading Consistent

Not Surprising ?


The President said the stock market would crash if he was impeached. The stock market hates surprises.  If he was suddenly impeached, the stock market would drop suddenly and scarily, maybe even crash.  But, it is inconceivable the Democrats take the House, form committees and take votes in the dark without anybody knowing.  His impeachment … Continue reading Not Surprising ?

Meaningless Milestone


The economy cannot read a calendar and does not own a watch.  Neither does the stock market! There is much gnashing of teeth now that the current bull market has become the longest or oldest one since World War II.  Does that mean a crash is imminent?  No!  The current bull market does not know … Continue reading Meaningless Milestone

Definitions Matter


Webster’s Dictionary has four definitions for the word – truth.  Apparently, there should be a fifth definition — that truth is the opposite of fake truth . . . huh? Rudy Giuliani tells us that “truth isn’t truth” if based on different facts.  Just like there is fake news and non-fake news, there must be … Continue reading Definitions Matter

A “Fair and Balanced” Diet


Decades ago, television news began as a 30-minute segment in the early evening that simply recited the news of the day unemotionally.  As these programs were so profitable, more news programs appeared over time.  Then, channels developed with 100% news.  To gain viewers, and therefore advertisers, their coverage became increasingly breathless – creating a need … Continue reading A “Fair and Balanced” Diet

Kudos, Mr. President


President Trump has made a serious proposal that deserves serious discussion.  Currently, companies traded on stock exchanges are required to report their financial condition and certain other changes every quarter or four times annually.  He has proposed that should be changed to every six months or semi-annually. The debate makes for strange bedfellows.  Agreeing with … Continue reading Kudos, Mr. President

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