Global Bond Markets Collapsing, But Pescadero Left Right Is Glassy
As panic grips central banks worldwide over skyrocketing sovereign debt costs and a brutal bond selloff, local expats in Baja California Sur remain completely dead to the news. Dave, who moved here from Frankfurt in 2018 to escape the rat race, was too busy checking the morning offshore wind to notice the international financial architecture imploding. 'The yield curve is inverted? Cool, bro, but the sets at Cerritos are double-overhead and nobody is paddling out,' Dave said, aggressively ignoring his collapsing pension portfolio. Economists warn of systemic contagion, but Pescadero's greatest systemic risk right now is getting a severe case of mango-induced diarrhea.