Point About Books Boomerang: Travels in the New Third World
| Title | : | Boomerang: Travels in the New Third World |
| Author | : | Michael Lewis |
| Book Format | : | Paperback |
| Book Edition | : | Special Edition |
| Pages | : | Pages: 218 pages |
| Published | : | September 4th 2012 by W. W. Norton Company (first published October 3rd 2011) |
| Categories | : | Nonfiction. Economics. Business. Finance. History. Politics |
Michael Lewis
Paperback | Pages: 218 pages Rating: 3.9 | 39897 Users | 2321 Reviews
Representaion Concering Books Boomerang: Travels in the New Third World
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.
Be Specific About Books As Boomerang: Travels in the New Third World
| Original Title: | Boomerang: Travels in the New Third World |
| ISBN: | 0393343448 (ISBN13: 9780393343441) |
| Edition Language: | English URL http://michaellewiswrites.com/index.html#boomerang |
| Literary Awards: | Goodreads Choice Award Nominee for Nonfiction (2011) |
Rating About Books Boomerang: Travels in the New Third World
Ratings: 3.9 From 39897 Users | 2321 ReviewsJudgment About Books Boomerang: Travels in the New Third World
I'm not a big reader of newspapers or watcher of the news, mostly as the news these days is reported as quickly as possible with the barest of facts and, for larger issues like the economic troubles of recent years, almost no understanding of the circumstances for context. That's not to say I'm not interested, but I would only be interested in reading about the financial woes of late through a writer who could write, not as an economist or academic, but a true writer, and could make the subjectEver wonder just how the global economy got into such a mess? With a generous dose of humor, author and financial guru Michael Lewis turns his attention to the new Third World, that is, Europe. And of course, the United States.While other financial writers can make eyes glaze over as they detail the markets and throw around acronyms like ECB (European Central Bank) and IMF (International Monetary Fund), Lewis has a rare gift for making economics personal. In Boomerang: Travels in the New Third
Michael Lewis turns his curiosity on the wider world after the financial debacle of 2007 and the success of his book The Big Short . Here he attempts to answer a few questions: How did the crisis unravel overseas, what was the role of European banks, and how did governments and investors deal with the disaster? Then he returns home to America to look at state failures, California specifically, in the aftermath. I listened to the Recorded Books edition of this book, and Lewis has a laugh in his
UPDATED - July 28, 2013 - at bottomChecking in with the whiz kids who predicted the Wall Street crash that he wrote about in The Big Short, his excellent look at the latest Wall Street meltdown, Michael Lewis finds that the next big bust will be on the nation-state scale. His construct for analyzing how nations deal with the economic environment of the 21st century is to imagine each of these countries in a dark room in which piles of money were dumped, the easy credit available in the first
Michael Lewis has a remarkable gift for giving insight through stories. Each of the five sections of the book was fascinating in a different way: how various countries reacted to having a big pot of seemingly free money on offer, how they responded when things didn't turn out as well as they hoped, and what that says about the national character of each. What I found most fascinating about the story of Iceland was not in the book, but in the comments of a friend who lives there. Because Iceland
One of Michael Lewis' more superficial books; it has the same easy-to-read writing style that explains financial concepts to the uninitiated, but this book doesn't really have the feisty personalities to focus the story on that Liar's Poker or The Big Short benefitted from.
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