Boomerang: Travels in the New Third World (Google eBook)

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W. W. Norton & Company, Oct 3, 2011 - Business & Economics - 240 pages
31 Reviews

“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.
  

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"When I came to Asia in the late 90s I read a lot about the Asian crisis of 1997. 15 years later it is the old continent that is in troubles and it seams that the Asian have learned some lessons.
The
book contains 5 stories about Island, Greece, Ireland, Germany and California - and all follow the same principle of boom and bust and moral decay by extended public operations and cheap money. "  

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Contents

The Biggest Short
I
II
IRELANDS ORIGINAL
THE SECRET LIVES OF GERMANS
V
Afterword
Copyright

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About the author (2011)

Michael Lewis, the best-selling author of Liar’s Poker, The Money Culture, The New New Thing, Moneyball, The Blind Side, Panic, Home Game, The Big Short, and Boomerang, among other works, lives in Berkeley, California, with his wife and three children.

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