Kaplan speaking to Bloomberg
- Future path of rates will probably be very gradual
- I don't see the economy running away from us
- Without government action, GDP growth prospects are 'pretty muted'
I truly believe that 2017 will be the year that governments around the world start running enormous deficits. It's happening in some places already (like Canada), but with borrowing rates so low, governments won't be able to help themselves.