Boomerang: Travels in the New Third World

Front Cover
Center Point Large Print, 2011 - Business & Economics - 271 pages
3 Reviews

The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a 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 piņata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German and the Irish wanted to stop being Irish.

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Boomerang: Travels in the New Third World

User Review  - Barbara Hoffert - Book Verdict

The cheap credit available from 2002 to 2008 radically transformed societies worldwide, with Icelanders tossing aside their fishing gear to become bankers, for instance. Then the crunch came, and many ... Read full review

Review: Boomerang: Travels in the New Third World

User Review  - Neil Pierson - Goodreads

The recipe for a financial debacle is: Ignorance + arrogance + greed. Then, like fine cuisine, each nation adds a little something special. According to Michael Lewis, Iceland's contribution was ... Read full review

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About the author (2011)

Michael Lewis was born in New Orleans, Louisiana on October 15, 1960. He received a BA in art history from Princeton University in 1982 and a Masters in economics from the London School of Economics in 1985. He is a non-fiction author/journalist of mostly financial themes. His books include Liar's Poker, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, The Money Culture, Boomerang, and Flash Boys: A Wall Street Revolt.

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