Economists are biting their nails over a projected 25-basis-point European Central Bank rate hike for September, completely oblivious to the fact that chest-high right peelers at Cerritos are demanding immediate, mandatory priority. Local expats confirmed they will review the monetary policy implications sometime around mid-October, provided the Pacific stays flat and the Pacifico stays cold. Until then, Europe's inflationary dread can comfortably wait behind a double overhead set.