Boomerang: Travels in the New Third World

Boomerang: Travels in the New Third World

3.7 110
by Michael Lewis
     
 

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ISBN-10: 0393343448

ISBN-13: 9780393343441

Pub. Date: 09/04/2012

Publisher: Norton, W. W. & Company, Inc.

“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

Overview

“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.

Product Details

ISBN-13:
9780393343441
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
09/04/2012
Edition description:
Reprint
Pages:
240
Sales rank:
127,449
Product dimensions:
5.30(w) x 8.10(h) x 0.70(d)

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Boomerang 3.8 out of 5 based on 0 ratings. 110 reviews.
chelseasdad More than 1 year ago
All five chapters can be found on the Vanity Fair website: I. Wall Street on the Tundra (Google: 'Wall Street on the Tundra') II. And They Invented Math (Google: 'Beware of Greeks Bearing Bonds') III. Ireland's Original Sin (Google: 'When Irish Eyes are Crying') IV. The Secret Lives of Germans (Google: 'It's the Economy, Dummkopf!') V. To Fat to Fly: (Google: 'California and Bust')
Studiothyme More than 1 year ago
Economics is a very intimidating, as well as, confusing subject. Most of us avoided it in school. Now it's time to catch up. Economics being ignored is ruining our lives. Boomerang will catch you without being talked down to making you feel like you are back in school. Boomerang fills in the story behind the headlines. Mr. Lewis makes it palatable and fascinating. What you don't know will cause you more hard these days than finding out.
Anonymous More than 1 year ago
As a sports fan and economists Michael Lewis is easily one of my favorite writers. So, I'm sure my opinion is a tad biased. Still, this book is a great read. I saw one reviewer mention that you have to have a graduate degree in business or economics to comprehend the material, but I have to disagree. Lewis puts complicated stuff into an easy to read (and entertaining) format. DON'T read if your easily discomforted about the current (2008-2012+) economic situation because the book is a look at the seedy underbelly of the problems in the world.
Bobg1 More than 1 year ago
I just finished Micheal Lewis' highly readable, informative book, Boomerang. On every page I wanted to call Mr. Lewis a liar as I knew that money managers, banks and government officials could not really be that stupid. Sadly, Mr. Lewis proves that they were really that stupid. I feel that the underlying message of this book is that we all have to wake up and be more accountable to ourselves and others. We cannot keep taking from the pot forever. One day the bill becomes due.
committedsavage More than 1 year ago
If this was a high school textbook I think students may actually find economics, civics and history fun and interesting. There is a lot of really good material in this book on topics still in the news today. This is highly engaging, especially the story of his visit to the Greek monastery where he portrays the people he encountered in a sympathetic light while maintaining true to the subject matter. His words show that there are lots of different motives and causes for the things happening and illustrate that what we see on the news is a little flat by comparison. It would be too easy to try to paint a lot of characters in the financial deals as bad and he manages to steer clear of that. Instead these people on all sides are given to us to examine through their own words in most cases and we can see how many times the systemic problems are more of a contributor to the pain than the personal ones.
Anonymous More than 1 year ago
Good for the less knowledgeable reader. Happy i read it. Cost is high considering. I would agree that it had more entertainment with facts rather than facts with entertainment. Usually though you get too many facts or opinions and that can make the reading ponderous. So i gave it more stars because it made me want to read more rather that less.
Anonymous More than 1 year ago
By the time I read this it was all old news and the outcome is still in debate as europe is not yet out of the woods. Its a good accurate and interesting read but leaves you asking zo what? The final chapter about the US situation is the best part.
jhmJM More than 1 year ago
Michael Lewis is one of those writers who writes clearly about even the most confusing subjects. Always worth a look.
Marxo More than 1 year ago
This is an excellent book. It is very informative, contains many facts and reflects many very true amd humerous qualities of European characteristics.
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Enlightening and entertaining when i wasn't terrified
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Bocho More than 1 year ago
I knew many facts that the author quoted on the book, but the way it put it, and by countries, the reader can come (specially generous politicians) to the conclucion: the culture of give up easy to the demand of irrational unions. I think Unions are fine, but somebody has to teach them what is chaos when society do not control itself its spending. The Clifornia case is exemplary. I recommend this book.
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