The minutes of the Reserve Bank’s October meeting support our outlook for a modest acceleration in the Australian economy in 2018 and this week we upgraded our own GDP growth forecast, though we are at the lower end of the RBA’s 2.75-3.75% range. In this video John and David discuss how the indebtedness of many households and consumers will weigh on the economy even as employment grows. They also discuss the reasons for the current rally in ASX banks and global equities and explain how we will know if this precedes a selloff or another step higher for markets.