Here comes the replay of 2011 as China starts the counter-reflation moves: China Central Bank Reverses Cash Pump (WSJ) Security group suspects Chinese military is behind hacking attacks (Reuters) Iceland Foreshadows Death of Currencies Lost in Crisis (BBG) China Allows More Firms to Sell Mutual Funds to Bolster Market (BBG) Uncertainty looms for Italians (FT) Forget the big comeback; Detroit focuses on what can be saved (Reuters) SAC’s Cohen May Face SEC Suit as Deposition Hurts Case (BBG) Hollande wrestles with austerity demands (FT) Obama Golf With Woods in Florida Risks Muddling Messsage ... Read More