Trim fat off beef as desired. Cut beef into 1 inch cubes.
Mix together in a small bowl: flour, 2 tsp. salt, 1/4 tsp. black pepper, 1 tsp. thyme.
Toss beef cubes in flour mix to coat.
Heat 1 tbsp. olive oil in stew pot. Sauté flour-covered beef cubes until lightly browned.
Stud the yellow onion with the whole cloves and add to the pot.
Add beef broth, wine, bay leaves, and minced garlic to pot. Set heat to simmer. Place lid on pot and cook on low heat about 2 hours.
After 2 hours, taste test broth and adjust seasonings as necessary. Clean, peel, and chop into 1 inch cubes about 6 medium-size white potatoes and 3 large carrots. Add these vegetables to the stew pot and replace lid.
Simmer stew another 45 minutes or until vegetables are cooked through.
Make a slurry by adding 2 tablespoons of flour to about 1/3 c. of cold water. Whisk to mix, then whisk into the simmering stew and stir a few minutes until stew has thickened.
Adjust seasonings and serve.