Now the yellow graph somewhat approaches horizontality, but only due to the fact that Maes is cheaper than Antol used to be and due to the economic crisis pushing petrol prices down.
Sunday 26 October 2008
Correction 2
The second graph was, of course, also wrong, for the same reason as the first.
Now the yellow graph somewhat approaches horizontality, but only due to the fact that Maes is cheaper than Antol used to be and due to the economic crisis pushing petrol prices down.
Now the yellow graph somewhat approaches horizontality, but only due to the fact that Maes is cheaper than Antol used to be and due to the economic crisis pushing petrol prices down.
Correction
As Nick kindly pointed out, I made an error in the inflation-adjustment in my first graph: I did my calculations in the wrong direction. Below is the corrected graph.
As a result my earlier conclusion was also wrong: current petrol prices are at their lowest value of the past 2.5 years.
This joyous situation will be short-tempered, however, as the federal government has annouced it will re-introduce the cliquet system of fuel taxation. When prices decrease, tax will only be decreased for half the amount of the price decrease. As an example: when an amount of petrol costs 100 euros today, increases with 10 euros and later decreases again with 10, the cliquet system will ensure that you're paying 105 euros instead of 100.
As a result my earlier conclusion was also wrong: current petrol prices are at their lowest value of the past 2.5 years.
This joyous situation will be short-tempered, however, as the federal government has annouced it will re-introduce the cliquet system of fuel taxation. When prices decrease, tax will only be decreased for half the amount of the price decrease. As an example: when an amount of petrol costs 100 euros today, increases with 10 euros and later decreases again with 10, the cliquet system will ensure that you're paying 105 euros instead of 100.
Financial analysis
After working for three years and one month, driving a bike for two years and six months, and living in my own house for nine months, it's time for a small analysis of my financial situation and general economic trends. I'm not an economist, so please forgive the flagrant mistakes and errors I make in my assumptions and calculations.
First of all, the government calculates and publishes a monthly consumer price index, a measure of inflation with respect to a certain reference year (the most recent one being 2004). The general index includes various products typical households consume, each with a certain weight according to their importance. Next to the general index, there is also a so-called 'health index,' which excludes items such as tobacco, alcohol and ... vehicle fuels. The reasoning behind the latter is that these are already represented in the cost of all other products in the index as they need to be transported, which consumes fuel.
Without starting an argument about any unfairness in the fact that salaries are inflation-adjusted using the health index, let's accept the facts as they are and reverse the line of thought: since all products require fuels in their harvesting, manufacturing and transport, let's take fuel cost as the base for cost of living. It's also the only product of which I have more-or-less accurate data.
In this graph, the blue line represents the absolute petrol price I have paid, starting from the day I bought my bike. The first months I usually went to Antol, as they were the cheapest petrol station in Lier at the time. Later on, Dats opened a station that was marginally cheaper, and by May 2007 I went to Maes (which had taken over Antol and dropped prices to be the cheapest in each station's region).
The period of missing data was when I crashed my bike and had to wait a few months until it was repaired. The serious dip you see is an outlier related to me siphoning petrol from my mother's car after she accidentally filled up completely some days before buying a new car.
As you can see, at my last petrol purchase I paid the third lowest price ever (in the past 2.5 years). The third lowest absolute price, that is. The magenta line depicts the inflation-adjusted petrol price, using the general consumer index (which includes petrol). You can see we're still a long way off from paying a low value for our petrol.
Speaking of petrol value, let's see what the value of my income is with which I have to pay these exorbitant petrol prices (and, by extension, everything else I have to buy to live).
Again, the blue line is my absolute gross (before taxes) monthly income. It does not take holiday money, bonuses or tax deductions into account. Taxes, even after deductions, are at about 30% on average at my current salary (but I'm in the highest tax scale, so every increase in salary is taxed at 50%).
The graph, like the previous one, starts at the day I bought my bike. At that time the salary at which I started (marked by the red line) had already been inflation-adjusted for 2005. As you can see from the magenta line (inflation adjustment based on the health index), in November 2006 the value of my salary had dropped below the value of my salary at the start of my employment. Another conclusion based on the numbers is that, over the past three years, I have received an increase in salary value of 50 euros (calculated now, in October, by December it will be less). Moreover, those 50 euros are September-2005-euros; in October-2005-euros they would value at 47.
Now, let's compare the value of my salary to the value of petrol. That's where the yellow line comes into play: it's the ratio of (general) inflation-adjusted petrol price to (health) inflation-adjusted income. In an ideal world, this would be a straight horizontal line. In a perfect world, it would be a line that goes down. In the real world, however, it's a line which general direction is slightly upwards. Luckily for me, the inclination of that ratio is slightly less than the inclination of my income.
Luckily again (in the context of petrol prices at least), the economic crisis and pending recession has caused petrol prices to drop back to their level of two years ago during the last few weeks.
The green line, in case you're wondering is what I could be earning if I had dome some jobhopping. Although I have expressly removed absolute values from the last chart, I can say that the difference between red and green is 550 euros.
My conclusions? None specifically, I just threw some facts and calculations into the world, feel free to draw your own conclusions. I'll just repeat the well-known facts that employer loyalty is never rewarded and that petrol prices are just way too high.
First of all, the government calculates and publishes a monthly consumer price index, a measure of inflation with respect to a certain reference year (the most recent one being 2004). The general index includes various products typical households consume, each with a certain weight according to their importance. Next to the general index, there is also a so-called 'health index,' which excludes items such as tobacco, alcohol and ... vehicle fuels. The reasoning behind the latter is that these are already represented in the cost of all other products in the index as they need to be transported, which consumes fuel.
Without starting an argument about any unfairness in the fact that salaries are inflation-adjusted using the health index, let's accept the facts as they are and reverse the line of thought: since all products require fuels in their harvesting, manufacturing and transport, let's take fuel cost as the base for cost of living. It's also the only product of which I have more-or-less accurate data.
In this graph, the blue line represents the absolute petrol price I have paid, starting from the day I bought my bike. The first months I usually went to Antol, as they were the cheapest petrol station in Lier at the time. Later on, Dats opened a station that was marginally cheaper, and by May 2007 I went to Maes (which had taken over Antol and dropped prices to be the cheapest in each station's region).The period of missing data was when I crashed my bike and had to wait a few months until it was repaired. The serious dip you see is an outlier related to me siphoning petrol from my mother's car after she accidentally filled up completely some days before buying a new car.
As you can see, at my last petrol purchase I paid the third lowest price ever (in the past 2.5 years). The third lowest absolute price, that is. The magenta line depicts the inflation-adjusted petrol price, using the general consumer index (which includes petrol). You can see we're still a long way off from paying a low value for our petrol.
Speaking of petrol value, let's see what the value of my income is with which I have to pay these exorbitant petrol prices (and, by extension, everything else I have to buy to live).
Again, the blue line is my absolute gross (before taxes) monthly income. It does not take holiday money, bonuses or tax deductions into account. Taxes, even after deductions, are at about 30% on average at my current salary (but I'm in the highest tax scale, so every increase in salary is taxed at 50%).
The graph, like the previous one, starts at the day I bought my bike. At that time the salary at which I started (marked by the red line) had already been inflation-adjusted for 2005. As you can see from the magenta line (inflation adjustment based on the health index), in November 2006 the value of my salary had dropped below the value of my salary at the start of my employment. Another conclusion based on the numbers is that, over the past three years, I have received an increase in salary value of 50 euros (calculated now, in October, by December it will be less). Moreover, those 50 euros are September-2005-euros; in October-2005-euros they would value at 47.
Now, let's compare the value of my salary to the value of petrol. That's where the yellow line comes into play: it's the ratio of (general) inflation-adjusted petrol price to (health) inflation-adjusted income. In an ideal world, this would be a straight horizontal line. In a perfect world, it would be a line that goes down. In the real world, however, it's a line which general direction is slightly upwards. Luckily for me, the inclination of that ratio is slightly less than the inclination of my income.
Luckily again (in the context of petrol prices at least), the economic crisis and pending recession has caused petrol prices to drop back to their level of two years ago during the last few weeks.
The green line, in case you're wondering is what I could be earning if I had dome some jobhopping. Although I have expressly removed absolute values from the last chart, I can say that the difference between red and green is 550 euros.
My conclusions? None specifically, I just threw some facts and calculations into the world, feel free to draw your own conclusions. I'll just repeat the well-known facts that employer loyalty is never rewarded and that petrol prices are just way too high.
Saturday 25 October 2008
A while ago, I suddenly received a friend request from Klaas on Facebook. My first reaction was something along the lines of 'WTF?' Then I clicked on and discovered my Facebook account: apparently I had created one in early August. Probably to check out what all the fuss was about.
After searching around a bit, it seems that most of the people I have connected with on LinkedIn are also present on Facebook. And more: I found a number of school friends that aren't on LinkedIn.
I guess I'll be maintaining two networks in parallel now.
After searching around a bit, it seems that most of the people I have connected with on LinkedIn are also present on Facebook. And more: I found a number of school friends that aren't on LinkedIn.
I guess I'll be maintaining two networks in parallel now.
Saturday 11 October 2008
Screening
I did another MAG screening again today. I'm getting better and better at it: all eights, except for one seven for driving over a plank of timber and two sevens for the break test. The two tries for slow driving were 14 and 18 seconds.
Quotation is as follows: you start out with seven; for every fault one point gets subtracted (but they don't go negative); for doing something extra you get one point extra (which can be lost in case of a fault).
Nine is for doing the exercise better than the instructor and 10 is reserved for some guy named God.
For slow driving you have to drive 10m and taking at least 12 seconds to do it, without placing a foot on the ground or driving outside a set boundary.
Some photos I took today. I miss my 10x optical zoom; 6x doesn't even come close.
Quotation is as follows: you start out with seven; for every fault one point gets subtracted (but they don't go negative); for doing something extra you get one point extra (which can be lost in case of a fault).
Nine is for doing the exercise better than the instructor and 10 is reserved for some guy named God.
For slow driving you have to drive 10m and taking at least 12 seconds to do it, without placing a foot on the ground or driving outside a set boundary.
Some photos I took today. I miss my 10x optical zoom; 6x doesn't even come close.
Sunday 5 October 2008
I rest my case
After a few mails back and forth between me and the Canon repair centre it's all clear now.
They told me it was an "exceptional service" of them to replace my four-year-old, out-of warranty camera with a brand new one. Apparently they usually send irrepairable cameras back unrepaired without replacement.
This BS means one of two things: either they are lying to me and they always send a new camera if and older one is deemed irrepairable or would cost too much to repair, in which case they could easily have informed me about this policy before I sent them my camera in the first place. Or they damaged my camera beyond repair themselves and now silently try to make up for it.
Another hint that the latter suspicion may be true is that the official communiqué by Canon for Belgium in which they state that cameras showing the problem I had would be repaired free of charge is dated 22 July 2008. If they were still able to repaire CCDs then, it must mean that spare parts are still available and that they allocated a budget for repairs.
All of this is moot, however, as the repair people stated that my camera had already been sent to Canon for environmentally-friendly destruction and there was no possibility to get it back.
Accepting my defeat, I went to take a look at the CHDK library to check if it was available for my camera (Canon PowerShot G9 firmware version 1.00G). Unfortunately, it wasn't, but searching a bit further, it became apparent that there was some active development going on. Yesterday, I ended up installing the first nearly completely working version of CHDK on my camera (which was out since the day before).
I also installed a script for time-lapse photography, so now I have the most important functionality of my old camera back.
They told me it was an "exceptional service" of them to replace my four-year-old, out-of warranty camera with a brand new one. Apparently they usually send irrepairable cameras back unrepaired without replacement.
This BS means one of two things: either they are lying to me and they always send a new camera if and older one is deemed irrepairable or would cost too much to repair, in which case they could easily have informed me about this policy before I sent them my camera in the first place. Or they damaged my camera beyond repair themselves and now silently try to make up for it.
Another hint that the latter suspicion may be true is that the official communiqué by Canon for Belgium in which they state that cameras showing the problem I had would be repaired free of charge is dated 22 July 2008. If they were still able to repaire CCDs then, it must mean that spare parts are still available and that they allocated a budget for repairs.
All of this is moot, however, as the repair people stated that my camera had already been sent to Canon for environmentally-friendly destruction and there was no possibility to get it back.
Accepting my defeat, I went to take a look at the CHDK library to check if it was available for my camera (Canon PowerShot G9 firmware version 1.00G). Unfortunately, it wasn't, but searching a bit further, it became apparent that there was some active development going on. Yesterday, I ended up installing the first nearly completely working version of CHDK on my camera (which was out since the day before).
I also installed a script for time-lapse photography, so now I have the most important functionality of my old camera back.
Subscribe to:
Posts (Atom)
.jpg){kind=avatar}