Man Overboard

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Long-time readers know of the contempt I’ve got for cruise liners, and this industry has been especially hard-hit by Covid.

Following the trillions of dollars the Fed threw at the crisis, including the cruise industry (which pays no taxes and uses all their profits for executive compensation and stock buy-backs), the big liners went up hundreds of percent. That’s starting to falter, as they keep pushing back their new “sail” dates. Here are the big boys: