It is Super Tuesday next week in the US, but in economic terms it is Big February all round. A horrendous start to the year on the markets, lots of banks with massive rights issues to announce this month, a decision on Northern Rock to be made finally.....and that is just the stuff we know about.
Big February it will be, as this month will determine how bad the downturn is for the rest of the year.
Here are some quick links to some of the more interesting business stories I have spotted in the papers:
British Land devalued - A great pointer the woes of the property sector.
Punch Drunk - on buying up fallen Mitchell's and Butler's. More is generally better in such a low margin sector; except for consumers who don't want an even smaller selection of drinks.
Whining about Wine - The trade makes a play against higher taxes. They are right of course, as if the government would listen.
Microsoft/Yahoo - West coast Amercia teams up against Google. Perhaps the only mega-deal that is likely to happen this year and not in the mining sector.
US jobs - Data is still bad, will the crazed slashing of interest rates work on the wider economy when it is designed to save the capital ratio's of wall street banks?
King to slim The Bank - Expect more major changes to to the structure over the course of the year.
Trading Risk - The Independent has a good piece on the possibilities of rogue traders in the City.
Egg on Face - Egg becomes the first credit card company to take action where it is needed and restrict credit to save its tiny margins. Labour MP's and customers complain as one would expect.
IPO no more - Global IPO's are hugely down, a key indicator of market risk approaches.
No win for BA - Despite huge progress in results, the perenially troubled airline is still punished because of high fuel bills. Alot depends this year of what BA makes of the new terminal 5 which it exclusively operates at Heathrow.