Global stocks climbed toward record highs today as U.S. inflation data eased rate-hike fears, sparking wild celebrations among Wall Street executives who clearly have never tried to surf a closing-out beach break in Pescadero. Down here in Baja, local expats nodded sagely at the macroeconomic indicators before immediately going back to arguing over whether the fish tacos at the Pemex station are gourmet or just heavily contaminated. Nobody cares about the S&P 500 when the north swell is hitting overhead and the Pacifico is freezing cold.