Bank of America is the second of two banks who have just outdone their 2nd quarters earnings expectations...

Also the IMF have just uplifted global growth forecasts for next year.. citing US still slower during the second half of 08, but Asia surprisingly strong in the face of higher commodity prices. They uplifted both the UK and US figures for next year. Inflation is still a big issue though.

lots of link on line - google BBC IMF lift global growth

crash -hmm