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humor Cloud Macro 2026-08-16

Fed Holds Rates Steady While Pescadero Expats Refuse To Look At 401ks

The Federal Reserve left interest rates unchanged as long-term bond yields spike, sending global financial markets into an existential tailspin. Meanwhile, down in Baja California Sur, retired dentist Greg Miller calmly adjusted his beach umbrella, noting that as long as the Pacifico stays cold and the rights at Cerritos are working, the gold standard is basically just a shiny rock anyway. Local gringos overwhelmingly agreed that watching the peso-to-dollar exchange fluctuate is much less stressful when you are three margaritas deep at Baja Beans.

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