Boomerang: Travels in the New Third World

Michael Lewis (Author)
Available

Description


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

Price
$16.95  $15.59
Publisher
W. W. Norton & Company
Publish Date
September 04, 2012
Pages
240
Dimensions
5.56 X 8.26 X 0.58 inches | 0.43 pounds
Language
English
Type
Paperback
EAN/UPC
9780393343441
BISAC Categories:

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About the Author

Michael Lewis is SeniorLecturer in Philosophy at the University of the West of England, UK.

Reviews

Lewis 's rare gift as a guide through the world of credit default swaps and sovereign debt doesn t come simply from his deep understanding of how the global financial system works . . . but also from his skill as a storyteller, his ability to tell the larger tale through fascinating human stories of greed, excess, and self-delusion. --Chuck Leddy
Michael Lewis possesses the rare storyteller 's ability to make virtually any subject both lucid and compelling. . . . Combining his easy familiarity with finance and the talents of a travel writer, Mr. Lewis sets off in these pages to give the reader a guided tour through some of the disparate places hard hit by the fiscal tsunami of 2008, like Greece, Iceland and Ireland, tracing how very different people for very different reasons gorged on the cheap credit available in the prelude to that disaster. The book based on articles Mr. Lewis wrote for Vanity Fair magazine is a companion piece of sorts to The Big Short: Inside the Doomsday Machine, his bestselling 2010 book about the fiscal crisis. . . . Mr. Lewis 's ability to find people who can see what is obvious to others only in retrospect or who somehow embody something larger going on in the financial world is uncanny. And in this book he weaves their stories into a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today 's headlines about Europe 's growing debt problems and the risk of contagion they now pose to the world. --Michiko Kakutani
Lewis's rare gift as a guide through the world of credit default swaps and sovereign debt doesn't come simply from his deep understanding of how the global financial system works . . . but also from his skill as a storyteller, his ability to tell the larger tale through fascinating human stories of greed, excess, and self-delusion. --Chuck Leddy
Michael Lewis possesses the rare storyteller's ability to make virtually any subject both lucid and compelling. . . . Combining his easy familiarity with finance and the talents of a travel writer, Mr. Lewis sets off in these pages to give the reader a guided tour through some of the disparate places hard hit by the fiscal tsunami of 2008, like Greece, Iceland and Ireland, tracing how very different people for very different reasons gorged on the cheap credit available in the prelude to that disaster. The book -- based on articles Mr. Lewis wrote for Vanity Fair magazine -- is a companion piece of sorts to The Big Short: Inside the Doomsday Machine, his bestselling 2010 book about the fiscal crisis. . . . Mr. Lewis's ability to find people who can see what is obvious to others only in retrospect or who somehow embody something larger going on in the financial world is uncanny. And in this book he weaves their stories into a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today's headlines about Europe's growing debt problems and the risk of contagion they now pose to the world. --Michiko Kakutani
[Lewis's] explanations of thorny financial processes are surprisingly compelling, his characters entertaining. --Jessica Loudis
Michael Lewis possesses the rare storyteller s ability to make virtually any subject both lucid and compelling. . . . Combining his easy familiarity with finance and the talents of a travel writer, Mr. Lewis sets off in these pages to give the reader a guided tour through some of the disparate places hard hit by the fiscal tsunami of 2008, like Greece, Iceland and Ireland, tracing how very different people for very different reasons gorged on the cheap credit available in the prelude to that disaster. The book based on articles Mr. Lewis wrote for Vanity Fair magazine is a companion piece of sorts to The Big Short: Inside the Doomsday Machine, his bestselling 2010 book about the fiscal crisis. . . . Mr. Lewis s ability to find people who can see what is obvious to others only in retrospect or who somehow embody something larger going on in the financial world is uncanny. And in this book he weaves their stories into a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today s headlines about Europe s growing debt problems and the risk of contagion they now pose to the world. --Michiko Kakutani"
[Lewis s] explanations of thorny financial processes are surprisingly compelling, his characters entertaining. --Jessica Loudis"
Lewis s rare gift as a guide through the world of credit default swaps and sovereign debt doesn t come simply from his deep understanding of how the global financial system works . . . also his skill as a storyteller, his ability to tell the larger tale through fascinating human stories of greed, excess, and self-delusion. --Chuck Leddy"