The low interest rates allowed businesses to expand, to acquire other businesses and to hire new employees. It also fueled the stock market, which helped replenish people’s retirement accounts, making them feel wealthier and on the road to spending again. Why was this guy such a Debbie Downer? Because he sold annuities. He wants to scare investors into thinking that the market and economy are unhealthy. That way they’ll buy his products, which will significantly underperform during a bull market.