dahagla

I booked a room for 2 nights recently on Agoda, paid it initially with the promptpay service. Got a timeout message from Agoda immediately so booked the room again by credit card. Room confirmed by second booking, all good. BUT: both payments were deducted from my account, the first one despite receiving an error message and subsequent cancellation of that room booking, the second one regularly by credit card. Upon calling Agoda call center they told me, the amount should be refunded shortly. 5 days later, nothing. Talking to another agent I again get the information that the amount has been refunded and I should contact my bank. I waited a few days more and of course nothing happened. Upon my 3rd call they request bank statements about the transaction. I send them both the full monthly statement generated from my bank and the transfer slip (from Promptpay) about the first payment. The answer I get reads: We can´t proceed on the matter because your bank information is incomplete. So they get all official documentation, they see the booking with the payment in their system and still they basically shut me down. Draw your own conclusions....

The interesting question for me is the following: is this saturated car market an indicator for bad loans going up and therefore putting pressure on banks? Once the banks loose patience second hand vehicle prices are probably going down by 50% or thereabouts...

Even here market forces are at work.... eventually ????

Great chart, thanks! I assume "Total vehicle sales" does not include used cars. Anyway, trend is pointing downwards... While the situation in the US is understandable (low inventory, markups on new vehicle prices), we seem to have higher used car stocks here and no increase in new car prices. Still used market points up. Makes no sense to me. I once read, that high second hand car stocks on one side and many new luxury cars on the road are an inevitable sign of a bubble to burst soon. We see this exact situation here now. I agree, cash in king in times like this - maybe even better gold....

Drove through the country twice recently and could see, that every single car dealer seems to be having an overhang in stock. New second hand dealers are popping up like mushrooms after a warm summer rain. But the really weird thing is, that the prices seem to go up despite that. Is this a sign, that the private debt bubble is about to burst?