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Boomerang : Travels in the New Third World
by Michael Lewis


Overview - 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.  Read more...

 
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More About Boomerang by Michael Lewis
 
 
 
Overview
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.

 
Details
  • ISBN-13: 9780393081817
  • ISBN-10: 0393081818
  • Publisher: W. W. Norton & Company
  • Publish Date: October 2011
  • Page Count: 224
  • Dimensions: 8.48 x 5.86 x 0.88 inches
  • Shipping Weight: 0.87 pounds


Related Categories

Books > Business & Economics > Economic Conditions
Books > Business & Economics > International - Economics
Books > Business & Economics > Economics - Comparative

 
Publishers Weekly Reviews

Publishers Weekly® Reviews

  • Reviewed in: Publishers Weekly, page .
  • Review Date: 2011-12-05
  • Reviewer: Staff

Essentially an offbeat travelogue, Lewis's latest examines the recent global financial crisis by visiting the locales that have faltered beyond reasonable expectation. Though journalistic, there is a distinctly anthropological approach to vivid depictions of how particular cultural values contributed to such a bizarre, devastating series of events. In his dynamic narrative, Lewis simplifies complex financial systems without condescension, applies a degree of rationality to absurd decisions, and presents key individuals' profiles without denigration. Dark, deadpan humor is injected throughout: Iceland as a nation of fishermen-cum-hedge fund managers with "no idea what they were doing”; Greece's "fantastic mess” of scandalous monasteries, tax-evasion and top-down corruption; Ireland's busted banks and stratospheric losses debilitating a now "distinctly third world” country. Germany is singled-out for its "preternatural love of rules” and naiveté regarding the so-called "riskless asset” while California tops the list of "America's scariest financial places” following their ratings downgrade and piling debts. Easily devoured in one sitting, Lewis (Moneyball) manages to gracefully explain what happened with a unique regard for both the strengths and weaknesses of humankind. (Oct.)

 
BAM Customer Reviews