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.

Featherbedding Redux ?


Today, the post-pandemic economy is being hurt by the supply-chain problems, which have been more severe than expected and will exacerbate inflation pressure.  The delays in shipping are a huge part of the problem.  Nike says shoes imported from China that normally takes 40 days now requires 80 days.  That increases the level of needed … Continue reading Featherbedding Redux ?

Catastrophic, No . . . Stupid, Yes


Imagine looking out your window and seeing a bunch of boys playing “cops & robbers” with toy plastic guns.  Then, you realize the immature, incompetent boys have REAL guns.  What could go wrong? That’s the way I see the Congressional debate to raise the debt ceiling.  Republicans are wrong . . . this time!  Democrats … Continue reading Catastrophic, No . . . Stupid, Yes

Here Today . . . Where Tomorrow


Economists tend to be a pompous bunch and easily given to hyperbole. Modern Monetary Theory (MMT) is changing the world – making it better in the short-run.  Of course, that begs the question of how short is short-run, and how long is long-run? As a refresher, MMT explains that nations with a reserve currency, such … Continue reading Here Today . . . Where Tomorrow

A Digital Tumor


Remember:  if you are not paying for a service, you are not the client.  Instead, YOU are the product!  Somebody is paying money for information about you or for access to you. Readers know I have long believed that Facebook is a cancer on America. Facebook users pay nothing to Facebook.  But they do enter … Continue reading A Digital Tumor

Buckle Up


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

Current Thoughts on Crypto-Currency


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

The Persistence of Memory


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

August Confidence


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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