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.

A Bad Time for Good Medicine ?

09/27/2022

I’ve always wanted to be Superman – you know, “Faster than a speeding bullet! More powerful than a locomotive! Able to leap tall buildings at a single bound!”  Unfortunately, I didn’t look good wearing tights and accepted that harsh reality. The new UK Prime Minister is Liz Truss, and we wish her well, but I … Continue reading A Bad Time for Good Medicine ?

Reasons To Sleep

09/24/2022

Let’s see . . . the stock is way down, the economy is suffering, both inflation and interest rates are soaring, the world is sinking into debt, a deranged world leader is threatening to use nukes, and the news media relentlessly reports wars and other pleasantries. Who can sleep with all that happening?  You should! … Continue reading Reasons To Sleep

Next . . .

09/17/2022

When I was still young enough to know everything, I loved the concept of democracy.  Sure, lots of people have argued that we are a republic, not a democracy, but that is a difference without significance in America.  Authoritarian forms of government are too repugnant to even consider.  Likewise, the constitutional monarchies like the United … Continue reading Next . . .

Wrong Direction

09/14/2022

Unfortunately, today’s release of the Producer Price Index confirmed yesterday’s Consumer Price Index.  Prices are still going up, although not as rapidly as before.  On a year-over-year basis, consumer prices went up 8.3%, while producer prices went up 8.7% – both more than expected! We are already experiencing a mild recession, which suggests a “soft-landing”.  … Continue reading Wrong Direction

Which Direction?

09/13/2022

Oh, what a difference one-fifth on one percent makes . . . . immediately knocking 600 points off the Dow and making three-quarters of one percent increase in interest costs later this month a virtual certainty. This morning, the CPI report for August was issued, showing it increased 0.1% instead of decreasing 0.1%, for a … Continue reading Which Direction?

Updating Best Intentions

09/03/2022

Do you think poor people are poor because they are lazy?  If so, what percentage?  What percentage are just plain stupid?  What percentage are emotional refugees? As a former Texan, I enjoy reading former Senator Phil Gramm (R – TX) whenever I can, and he had a recent opinion piece in The Wall Street Journal, … Continue reading Updating Best Intentions

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