Economist Mark Zandi looks at the ending of the Great Recession

We check in with MARK ZANDI, chief economist at Moody’s Analytics, on the economic recovery of the last four years. While the effectiveness of the $800 billion American Recovery and Reinvestment Act continues to be challenged, Zandi reports housing prices are stable, debt burdens are down and stock prices are up. But Europe’s continuing debt crisis keeps stoking feelings of vulnerability, and there still remains a lack of confidence to spend at home, a leftover of the 2008 financial crisis. Zandi has written a new book examining the Unites States’ strengthening financial system, “Paying the Price: Ending the Great Recession and Beginning a New American Century.”

Photo: AP Images/Alex Brandon