As the IMF issues dire warnings regarding mounting fiscal pressures and rising sovereign bond yields, local expats at the Todos Santos taco truck calmly debated whether a three-foot right at Cerritos constitutes overhead. The impending collapse of international financial architecture was briefly acknowledged before someone mentioned that Pacifico is on special at the local Pemex. Nobody could recall what a sovereign bond is, though several agreed it sounds like a terrible flavor of craft mezcal.