I did try to understand what Raoul Pal was telling but having to rely exclusively on the subtitles I found it to be very difficult as the subtitles were coming and going at very high speed. Anyway, what I think he was saying is that during the recovery period of a V type recession there is a spike in the GDP growth figures above the trend, but only temporarily. If so then it would be premature to expect any significant changes in the interest rates as inflationary pressures will continue to be mild.
What both you and him seem to be saying is that we have indeed entered into a period of secular stagnation where we have to rely on government spending in order to offset a desire to save more than what is being required by private investment.
