China is a paper tiger like George Friedman tells in the next 100 years. Soon we will find out. They just need others to expand while cheap labor can just be found anywhere.
With bonds at 20%!!! I would be all-in for 30 years :) while waiting for the next crisis to hit.
I imagine that inflation would stand a +28% or so, leaving only a thin 2% real return at the beginning.
How about a sell-on-the-news effect on the EURUSD?
The ECB is so clumsy in regard to it's public communications that it might trigger a selloff if people doubt the credibility of the tests.