Central Banks Warn of Rate Hikes and Recession While Baja Expats Ignore Inflation
Major central banks are frantically signaling potential interest rate hikes as renewed conflict drives up inflation expectations and S&P Global warns of looming recession risks. Meanwhile, down in the dusty paradise of Todos Santos, retired accountants living off a dwindling 401k and a dream continue to pay cash for artisanal mezcal without reading the financial pages. If the global economy wants to implode under the weight of trade strains and fiscal mismanagement, it can kindly wait until Susan finishes her morning yoga session and checks the swell forecast.