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 Post-Pandemic World ?


On September 11th, 2001, I was in my 5th floor office on King Street in Alexandria.  From my window, I could see the Capitol and Washington Monument, as well Potomac side of the Pentagon.  Early that morning, everybody began rushing to the conference rooms, watching television coverage of the World Trade Center in New York.  … Continue reading The Post-Pandemic World ?

The President Is Correct !


I agree with President Trump about the infamous section 230 of the Communications Decency Act of 1996 . . . but for a different reason. When the social media industry was getting started, there was understandable concern that they might be held liable for things written on or advocated on their websites.   For example, should … Continue reading The President Is Correct !

Silver Lining ?


If you think it has been a long time since Trump was elected in the Fall of 2016, then offer condolences to your British friends, who have been living with increasing anxiety since the Summer of that year, as the Brexit negotiations dragged on and on.  A month ago, those negotiations were dead, and Britain … Continue reading Silver Lining ?

Holy Kid-Fest


An old friend was driving by and saw me.  As she slowed down and lowered her window, I rummaged in my pocket for a mask. After exchanging the customary pleasantries, I asked if she had any special plans for Christmas?  She answered “Jim, you know I don’t have any kids.” Later, I wondered about that … Continue reading Holy Kid-Fest

Angry Old Men


Seldom do I listen to angry old white men, especially those who already know everything.  You know the type – more opinions than thoughts.  But, John Bolton does have an interesting opinion. You’ll recall he was U.N. ambassador for President George W. Bush, and National Security Advisor to President Trump, until he was fired. This … Continue reading Angry Old Men

A Real Holiday Message


All of us have received those annual “what we have done” letters from our friends and relatives each year.  However, we received one from our friend and neighbor, Ivana Basnight, that I thought was original and meaningful.  She points out that 2020 was not all bad.  With her permission, here is her message: Christmas Greeting … Continue reading A Real Holiday Message

No to Crypto?


In 1962, a popular movie was called “The Music Man.”  One scene involved a parade, playing “76 Trombones”.  At the parade went by, onlookers jumped into the end of it.  After all, they didn’t want to miss the parade. In recent weeks, several prominent, high-profile investment figures on Wall Street have said they are buying … Continue reading No to Crypto?

The Europeans “Get It”


I support President Trump’s legal attack on social media giants, such as Facebook and Google, but for a different reason. The FTC and antitrust division of the Department of Justice have been moribund since the last Bush Administration.  They slept peacefully during the unfortunate consolidation of the hospital industry and also in the hotel industry.  … Continue reading The Europeans “Get It”

This Too . . . Is Passing . . .


There is a difference between rising anxiety and rising dread. Before my father came ashore in Normandy during World War II, he spent two-three very-long-months in Colchester, England, preparing for the invasion.  He told me that it was a time of rising anxiety – increasing worry about the unknown.  What would happen to them in … Continue reading This Too . . . Is Passing . . .

NABE Survey Summary


As a longtime member of the National Association of Business Economics, I always look forward to their member-survey of economic conditions.  In no particular order, here are some of their latest predictions:  After the whipsaw Q3 increase in GDP of 33.1%, we expect GDP will increase only 4.1% in this quarter and 2.9% in the … Continue reading NABE Survey Summary

The Lesson of Suddenness


Take a look at this graph, and you will see how the stock market rebounds after a major bear market, which is defined as a 30% drop.  This has happened six times since 1950.  Looking at the gray line, you can see that, historically, the stock market rose slightly more than 40% on average in … Continue reading The Lesson of Suddenness

THE Season of Guilt


First, there is Thanksgiving Thursday, followed by Black Friday, followed by Cyber Monday, followed by Giving Tuesday, which was yesterday.  Some people refer to the Season of Giving as the Season of Guilt.  When the continuous Medicare commercials end on December 7th, you will notice a surge in commercials featuring sick kids or suffering animals.  … Continue reading THE Season of Guilt

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