Boomerang: The Meltdown Tour

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Penguin Books Limited, Oct 6, 2011 - Business & Economics - 240 pages

'A highly enjoyable exercise in financial disaster tourism... politically incorrect, often very funny, and shot through with genuine insight' Robert Harris, The Times

In this hilarious, fascinating, timely must-read, Michael Lewis reveals the true natures of the countries caught up in - and exacerbating - our boomerang economies, showing how the financial meltdown hit us all in the face. Right now, Europe is in serious financial chaos. In Greece, infrastructure costs mean it would be cheaper to transport all Greek rail passengers by taxi, and hairdressing is classified as arduous for tax avoidance purposes. In Iceland, Range Rovers frequently explode as owners collect the insurance to pay for them. Ireland saw the entire country put up for sale - to itself, while the Germans expected the whole world to behave like them. But the whole world didn't.

'Chock-full of extraordinary characters, amusing anecdotes and shocking insights' Observer

'A tour de force... All those questions you've half-asked yourself: nowhere else will you find them answered with such incisive wit or terrifying clarity' Mail on Sunday

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LibraryThing Review

User Review  - Angelina-Justice - LibraryThing

This tour of both foreign and domestic economies is equal parts enlightening and frightening. I think the conclusion of this journey is much more complicated than what Lewis conveys in summation. But this book is a strong first step for the layman. Read full review

LibraryThing Review

User Review  - mldavis2 - LibraryThing

Lewis is a journalist who specializes in political analysis. This is a thoroughly documented history of economic meltdown in Iceland, Germany, Ireland and Greece resulting from unregulated banking and ... Read full review

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About the author (2011)

Michael Lewis's global bestselling books lift the lid on the biggest stories of our times. They include Flash Boys, a game-changing exposť of high-speed scamming; The Big Short, which was made into a hit Oscar-winning film; Moneyball, the story of a maverick outsider who beat the system; and Liar's Poker, the book that defined the excesses of the 1980s. Michael Lewis was born in New Orleans and educated at Princeton University and the London School of Economics.

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