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.

Dispassionate ?


When I was a young boy, my father told me to NEVER discuss religion or politics with other people.  What he meant to say was NEVER discuss subjects that make other people  react emotionally.  If such subjects must be discussed, just don’t be inflammatory.  Good Advice! A recent blog entry was about a quote from … Continue reading Dispassionate ?

Handling Inflation


The short answer on how to handle inflation is simple . . . create a recession and hope you don’t get stagflation. The longer answer is that you have three tools to handle it.  First, one cause of inflation is a sustained period when demand exceeds supply.  If you cannot increase supply with targeted tax … Continue reading Handling Inflation

Inflation Peak ?


One of the best and most venerable market strategists is Dr. Jeremy Siegel of Wharton.  His thoughts are always well-informed and well-crystalized. Today, he thinks we may have seen the worst in inflation.  CPI and PPI numbers are backward looking – what has been, not what will be.  The Fed has both shut down the … Continue reading Inflation Peak ?

Post-2024 Elections ?


If kids ask tough questions, then grown-up kids ask even tougher questions.  During a recent visit, my grown-up daughter asked me if I thought the 2024 presidential election would be the last one?  Laughing at first, I realized she was actually quite concerned. First, I explained that even dictators stage elections, so if a dictator … Continue reading Post-2024 Elections ?

Quarterly Column


My latest quarterly column for Inside Business can be found here:

Who Didn’t Know ??


Raise your hand if you were surprised by yesterday’s report that inflation during June was running at a steep 9.1% annualized rate! We all know it has become a problem.  We also know how to stop it – bring on a recession! The hesitancy of the Fed to intentionally cause a recession is understandable, as … Continue reading Who Didn’t Know ??

Needed: A New Precaution


One of my favorite Republican writers has long been Peggy Noonan, who was the primary speechwriter for President Reagan.  Last week, she wrote an article in The Wall Street Journal that deserves some thought. She argues that crime is more scary now, not because there is more crime, but because we no longer know the … Continue reading Needed: A New Precaution

Just Another Murder


Blessed to live in a safe, peaceful country without the curse of the Second Amendment, Shinzo Abe was nonetheless gunned down, as he was speaking in a public square. He was a conservative leading a party named the Liberal Democratic Party.  His family had a long history of being active in Japanese politics, similar to … Continue reading Just Another Murder

Happy Fourth


When I enlisted in the Army long ago, I just wanted to kill those “godless Communists” in Southeast Asia.  It was certainly not a business proposition. An article in ABC News last week discussed the recruitment problems of our military forces.  To compete with private companies, the Pentagon is debating various options to increase enlistments.  … Continue reading Happy Fourth

T.G.I. . . . H2


Thank God the first half (H1) of this year is over! Forgetting the horror of Putin’s War on Ukraine and the never-ending clown show in Washington, inflation broke out with a vengeance, interest rates started increasing rapidly . . . and stocks stumbled into a bear market. The Dow Jones dropped 14%, while the S&P … Continue reading T.G.I. . . . H2

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