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.

Two Shades of Gray


The poorly-named “Inflation Reduction Act” was just passed by Congress.  Democrats rave that it will reduce inflation.  Republicans crow it will not!  They’re both right . . . a little! Think of it this way:  If you own a $1,000 CD, you get paid interest.  The money spent buying the CD is called principal.  The … Continue reading Two Shades of Gray

Good News = Bad News


Yesterday’s monthly “jobs report” was a good example of when good news is not so good.  Expecting a healthy 258 thousand jobs were created last month, Wall Street was stunned to see twice as many jobs were created.  It was a blow-out number, suggesting the economy was still strong, but why did Dow futures suddenly … Continue reading Good News = Bad News

Wisdom of Ex-Wives ?


My ex-wife was fond of saying that one of the biggest problems with men is that they just can’t stop competing with other men . . . even dead men. Paul Volcker (1927-2009) was the Chairman of the Fed from 1979 to 1987, when he was succeeded by Alan Greenspan.  A product of Princeton and … Continue reading Wisdom of Ex-Wives ?

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