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Boomerang: Travels in the New Third World

Boomerang: Travels in the New Third World

By Michael Lewis

The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation. Lewis turns a merciless eye on the world and the U.S. to expose a financial trap baited with humor and reckoning.

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Book Information

Publisher: W. W. Norton & Company
Publish Date: 09/04/2012
Pages: 240
ISBN-13: 9780393343441
ISBN-10: 0393343448
Language: English

Full Description

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 piñata 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.

About the Author

Dr. Michael Lewis is Head of Portable Antiquities & Treasure at the British Museum and co-curator of the British Museum's touring exhibition Medieval Europe 400-1550.

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