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.

Starved for Oxygen


I support the House Select Committee on the January 6th, because I want to understand how it happened and how recurrences can be prevented.  One outcome is that the Committee determines former President Trump was responsible and refers the matter to the Justice Department, who brings him to trial, where he is convicted and affirmed … Continue reading Starved for Oxygen

Quarterly Thoughts


My latest column for Inside Business lives here:

Just Another Muscle


Many years ago, I was fortunate to work with an older lady, who fasted every Friday – no breakfast, no lunch, and no dinner.  Most of us assumed she did this as part of a weight management program, but one day she added that “self-control is just another muscle that gets weak without exercise.” Ten … Continue reading Just Another Muscle

1968 and 2021


Like most people, when I watched last year’s riot/demonstration/insurrection on January 6th, I was shocked and heartbroken.  However, as I watched news coverage of the first anniversary, I recalled the assassination of Martin Luther King in 1968, when massive riots broke out in Washington.  I was stationed at Fort Bragg, where we were quickly put … Continue reading 1968 and 2021

Mind Game ?


Trying to read somebody’s mind, especially their intentions, is a fool’s errand . . . but here goes anyway! Jerry Powell is head of the Federal Reserve System, which is the only agency with the duty to control inflation.  He knows his predecessors have proved that raising interest rates will lower the inflation rate and … Continue reading Mind Game ?

Push – Pull


Like the pandemic, inflation seems to have appeared suddenly.  First, there was the sudden increase in government spending last year to combat the virus.  Second, there was a similar increase in the money supply by the Fed for the same reason.  Both examples energized “demand-pull” inflation. In addition, supply chain problems increased costs.  Plus, the … Continue reading Push – Pull

An Unintended Consequence


In 2020, about 350 thousand Americans were killed by Covid.  In 2021, another 500 thousand Americans were killed. In 2020, Wall Street boomed, with the S&P up about 16 percent.  In 2021, the S&P boomed again, up about 26 percent. So, how can the stock market continue to rise so much when so many Americans … Continue reading An Unintended Consequence

Lesson for 2022


This year, I lost six friends – five of whom were also clients.  Each leaves a hole in my life, and I miss them already.  Depressed by the crushing grind  of the pandemic, I miss them even more. A few months ago, we went to the SPCA and adopted a blind rescue cat, who was … Continue reading Lesson for 2022

Alternatives to Inflation


Every economist knows you can curb inflation most easily by raising interest rates, but there are some hidden costs.  Of course, nothing is ever simple. To raise interest costs, go to , and you’ll see our national debt is over $29 trillion and speeding toward $30 trillion.  Then, pick up your iPhone and ask … Continue reading Alternatives to Inflation

Those Silly Foreigners


Everybody knows that immigrants are bad.  They take our jobs.  They suck up welfare dollars and healthcare dollars and education dollars.  Most of all, they violate our laws, believing that their families are more important to them than our laws — how silly! So, what’s wrong with the U.K., Canada, Japan and Australia?  According to … Continue reading Those Silly Foreigners

Two Smart Guys


Two of my favorite investment strategists are Jeremy Siegel of Wharton and Jeff Gundlach of Doubletree.  One is an affable professor, and the other is an aggressive CEO.  They’re both brilliant. Neither thinks the stock market is facing any imminent collapse.  Dr. Siegel thinks it is riding the huge increase in money supply.  Gundlach thinks … Continue reading Two Smart Guys

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