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Anxiety Over 'Superyacht' Sales May Be Red Flag for Global Economy

Dec.03 -- Even the super-rich are feeling skittish about the future lately, and that’s stoking anxiety among “superyacht” dealers. Sales of these boats are seen as a good barometer of the economy, because they’re discretionary and easily dropped at the first hint of recession. That’s why the U.S. boating industry is nervous about a slump in sales this year. Bloomberg's Michael Sasso and Lisa Abramowicz discuss the “superyacht” trend.