Central Banks Panic Over Reignited Inflation While Expats Ignore Bond Market Collapse
Central bankers are sweating through emergency policy re-assessments as widening sovereign debt deficits spark total volatility across international bond markets. Down in Baja, however, the biggest financial crisis is whether to use pesos or dollars for the next round of margaritas. As long as the Wi-Fi at the palapa holds out, expats are blissfully content to let the global financial system burn.