September is usually the worse month of the year for the stock market. But, the worse week of the year is usually the week in September having the third Friday. Grab your calendar and you’ll see that we’re right now in the middle of worse week all year, historically. One reason is that the “triple … Continue reading Buckle Up
The Flinchum FileThoughtful Economic Analysis and Existential Opinions
I have never seen much value to crypto-currencies like bitcoin, except for criminals and speculators. However, the collapse of Afghanistan has demonstrated other uses. Importantly, crypto-currencies are easier to hide from the Taliban than Dollars. In addition, crypto-currencies allow Afghan citizens in the U.S. to send spendable money to family remaining in Afghanistan without governmental … Continue reading Current Thoughts on Crypto-Currency
For twenty years, I have remembered September 11th as the day when I watched the Pentagon burning from my fifth floor office, as the wind pushed the smoke into my wife’s office on the Potomac. Including the World Trade Center, 2,996 Americans died that day. For eighty years, elderly Americans have remembered the sneak attack … Continue reading The Persistence of Memory
In early August, the University of Michigan Index of Consumer Sentiment crashed to a ten-year-low. Not surprising as consumers were weighed down by the Covid surge, rising concern over possible inflation, the fragility of our supply chain, and the painful images of our troops leaving Afghanistan. It was a depressing month. In late August, the … Continue reading August Confidence
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