Boomerang: Travels in the New Third World
This book can be downloaded and read in iBooks on your Mac or iOS device.
“Lewis shows again why he is the leading journalist of his generation.”—Kyle Smith, Forbes
The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge.
Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish.
Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.
From Publishers Weekly
© Publishers Weekly
Three brilliant yet simple explanations in a row of what went wrong with our financial system: Liar's Poker, The Big Short and now Boomerang.
An invaluable and highly-entertaining guide to understanding some of the fiscal mess we are in - a critical first step in trying to clean it up!
Lewis makes economic issues human
While I think The Big Lie was a bit more focused, I liked this book and believe it offers valuable insight into economic and political events happening this week. It is a good compliment to the first book and will be especially appreciated by those that read it first.
Well worth the read!
- Category: Economics
- Published: Oct 03, 2011
- Publisher: W. W. Norton & Company
- Seller: W.W. Norton & Company, Inc.
- Print Length: 240 Pages
- Language: English