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Boomerang: Travels in the New Third World

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


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.

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