Obama allowed last week that his $775 bln stimulus plan was a starting point and that it would probably go up once Congress got involved. Right you are, Mr. Prsident elect. Tack on another $50 bln from the House Democrats. They want $550 in spending and $275 bln in tax cuts.
Fresh banking jitters are spurring risk aversion as both Citi and BofA share the spotlight today, and not in a good way.
