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Boomerang: Travels in the New Third World Paperback | Pages: 218 pages
Rating: 3.9 | 39897 Users | 2321 Reviews

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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

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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.

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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 Appertaining To Books Boomerang: Travels in the New Third World
Ratings: 3.9 From 39897 Users | 2321 Reviews

Article Appertaining To Books Boomerang: Travels in the New Third World
European Economies Collapse Under Collective Weight of Icelandic Elves, German Scheiße, Self-Hating Greeks, Suspicious IrishEnlightening (and Entertaining) Background from 2012 on Topics underlying Brexit and FrancofuirLolleepðpp Guild, Controlling Significant Portion of Iceland's EconomyI've been entertained and enlightened by every Michael Lewis book I've read, including Moneyball: The Art of Winning an Unfair Game, which explores Major League Baseball's use of quantum mathematics, The Blind

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

Wow, this is some crazy shit. It's amazing and depressing how a handful of people can pretty much ruin a country with their shitty decisions. Not gonna lie, it made me glad that I was not living in Iceland, Ireland, or Greece. Despite USA's problems, hey at least our economy is more stable... at least for the time being. Real eye-opening.

With a subtitle like Travels in the New Third World, you might pick up Boomerang expecting to read about Michael Lewis tramping through New Orleans and the Deep South, looking at people whose savings and livelihoods were wiped out by the financial crisis and the squalor they deal with on a daily basis. Instead, you get a gleeful travelogue of all the countries he's visited in the last year and a half, complete with rambling diatribe about how the financial crisis affected them and snide comments

"The secret of success is to understand the point of others." - Henry Ford

This is Greed v. 2.0, but more powerful and a lot more punitive. The ripples created by banks and financial institutions were sure to become mammoth waves; institutional meltdown paving way for national meltdown.I wont attempt to write a review, others did it way better. I just write two things: First, a Michael Lewis quote, which makes me look at leverage like never beforeWhen you borrow a lot of money to create a false prosperity, you import the future into the present. It isnt the actual

Some adjectives that describe this collection of essays by Michael Lewis: smart, clear, entertaining, breezy, moderately informative . They are fun to read, and though not heavily researched, probably accurate as far as they go. Each of the five essays collected here first appeared, in slightly different form, in Vanity Fair. Those dealing with foreign economies (Greece, Iceland, Ireland, Germany) appear to be based on visits Lewis made to the countries in question between late 2008 and mid