Thread: Twinkie for your thoughts

Originally Posted by mapleleafalumnus

Inflation rate ranges (high and lows) for years 2010-12:
2012: 1.41 -2.93
2011: 1.63 - 3.87
2010: 1.05 - 2.63

Inflation rate ranges (highs and lows) for years 1950-59:
1959: 0.35 - 1.73
1958: 1.76 - 3.62
1957: 2.90 - 3.73
1956: 0.37 - 2.99
1955: -0.74 - 0.37
1954: -0.74 - 1.51
1953: 0.37 - 1.14
1952: 0.75 - 4.33
1951: 6.00 - 9.36
1950: -2.08 - 5.93

So what does that say to you bro?

Originally Posted by earcutter

So what does that say to you bro?

Hold on, I'm crunching #s

Originally Posted by mapleleafalumnus

Hold on, I'm crunching #s

Make it easy on yourself...there is a chart on that site that gives you the averages

Originally Posted by mapleleafalumnus

Hold on, I'm crunching #s

They should provide averages for you buddy.

I just wonder how inflation is going to become an issue with respect to manufacturing in the 50's vs. now. Or are we thinking something else?

Sorry - just excited and want to know where you are going before I have to put the kids to bed LOL

The chart didn't provide the average yearly changes (ranges) I sought.
Between 1950-59, that average yearly change (fluctuation?) = 2.577. Highest recorded score = 9.36, lowest = -2.08
Between 2010-12, the average yearly change (fluctuation?) = 1.78. Highest recorded score = 3.87, lowest = 1.05

Inflation was, on average, higher in the 1950s.

Sorry for the delay, my old elementary stats prof always told us to crunch our own #s. Old habits and all, I guess.

David --
Isn't inflation usually one of the sticking points in any contractual negotiation?

This just in: negotiations appear to have broken down.
Hostess Bankruptcy: Mediation Between Union, Company Breaks Down

Kind of makes this whole discussion pointless now, I guess.

Vintage Twinkies for sale on E-bay. 200.00 a box of twelve. NOS condition. 6 days 3 hr.s left.

Originally Posted by mapleleafalumnus

The chart didn't provide the average yearly changes (ranges) I sought.
Between 1950-59, that average yearly change (fluctuation?) = 2.577. Highest recorded score = 9.36, lowest = -2.08
Between 2010-12, the average yearly change (fluctuation?) = 1.78. Highest recorded score = 3.87, lowest = 1.05

Inflation was, on average, higher in the 1950s.

Sorry for the delay, my old elementary stats prof always told us to crunch our own #s. Old habits and all, I guess.

David --
Isn't inflation usually one of the sticking points in any contractual negotiation?

Thanks for figuring that out bro - now to be a real @ss - what about nominal vs. real LOL <- just joking... just joking.

IMHO - price is the biggest sticking point in any contract negotiation. That said, the reason you might be thinking inflation is because historically on average, America sees a 3% inflation rate per year. Hence, if you don't get a raise for 2 years you are in effect loosing close to 6% in wages. But it's kind of a crap-shoot.

Time value of money - what would you rather have? $60 today or $20 for the next three years. With inflation you are loosing money if you take the annuity of $20 a year.

Hockey players contracts can get very complicated if you don't understand time-value because some players sign TO PLAY for say 2 years but GET PAID over a 5 year period. If inflation isn't accounted for the player gets robbed.

May times the terms will be indexed. In other words they'll take the inflation rate of the previous year and add it to the next years payments. It's all great fun really but not to be silly - if it's not accounted for it's a great way to screw a dude out oh cash.

Anyway - I hope that makes sense lol.

Make sense?