VIEWPOINTS: At G8 Summit Obama tells EU to Ease up on Austerity..money printing to follow

G8 Summit in Camp David

World leaders sit together at the first working session of the G8 Summit in Camp David. Photograph: Michael Gotthsalk/Pool/EPA

Obama-G8-Summit-EU-Ease-AusterityAt the G8 Summit, President Barack Obama urged the European leaders to call for concerted action on the euro crisis in the form of easing up on fiscal austerity and to focus on economic growth. This effort by the US President is done in a bid to step the current turmoil in the eurozone and hedge the risk of global contagion.

At the wooded Camp David presidential retreat in Maryland’s Catoctin Mountains, Obama and leaders from other major economic powers are seeking ways to soothe financial markets after worries about Spain’s banking problems and the risk of a Greek exit from the euro zone sent world stocks to their lowest levels this year.

Macro Concerns More Powerful Than Facebook IPO



Dan Greenhaus, Chief Global Strategist, BTIG says the macro concerns weighing on investor sentiment are far more powerful than Facebook’s IPO.

Facebook IPO: The Social Offering

Can Facebook’s Debut Survive Such a Volatile Market?

The bet for Facebook investors willing to take a stab at the company whose initial public offering goes online Friday—is that the shares can rise even if the market falls, and perhaps even create its own momentum that lifts all of Wall Street higher.

Overnight trading indicated that stocks could open positive tomorrow, but futures are volatile and could change on any murmur out of Europe.

“The trading on Facebook is going to be isolated. It’s going to be