Global Crude Prices and Japanese Borrowing Costs Surge While Expats Pretend Not to Notice
Escalating geopolitical conflicts involving Iran have sent crude oil prices soaring, while Japan's ten-year borrowing costs hit a blazing three-decade high amid spiking inflation expectations. Back home, taxpayers are hyperventilating over runaway global macro pressures, but down here in Baja, the biggest economic crisis is realizing the local artisanal mezcal is suddenly twenty pesos more expensive. Nobody in the hammock circle cares about central bank liquidity or Middle Eastern supply chains when the water is seventy-eight degrees and the afternoon offshore winds are finally grooming the lineup.