Treasury Yields Surge As Expats Mistake Fiscal Apocalypse For Surf Report
Wall Street is melting down over historic bond sell-offs and exploding US deficits, causing widespread panic in financial capitals everywhere. Meanwhile, down in Pescadero, local expat Gary checked the horizon, declared the overhead sets firing, and completely forgot debt ceilings even existed. Nobody on the beach is selling bonds, but everyone is heavily investing in cold Tecates and dawn patrol.