Boomerang: Travels in the New Third World

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Boomerang: Travels in the New Third World

Format:  Hardcover,

213 pages

Publisher: W W Norton & Co Inc

Publish Date: Oct 2011

ISBN-13: 9780393081817

ISBN-10: 0393081818

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Book Information

The following content was provided by the publisher.
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.

Specifications

Publisher: W W Norton & Co Inc
Publish Date: Oct 2011
ISBN-13: 9780393081817
ISBN-10: 0393081818
Format: Hardcover
Number of Pages: 213
Shipping Weight (in pounds): 0.86
Product in Inches (L x W x H): 6.0 x 8.75 x 1.0

About the author

Biography of Lewis, Michael

Michael Lewis was born in New Orleans, Louisiana on October 15, 1960. He received a BA in art history from Princeton University in 1982 and a Masters in Economics from the London School of Economics in 1985. He is a non-fiction author/journalist of mostly financial themes. His books include Liar's Poker, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, The Money Culture, and Boomerang.

Chapter outline

Preface: The Biggest Shortp. ix
Wall Street on The Tundrap. 1
And They Invented Mathp. 41
Ireland's Original Sinp. 83
The Secret Lives Of Germansp. 133
Too Fat To Flyp. 171
Acknowledgmentsp. 213

Reviews

Review by Library Journal (2011-10-28)

Lewis (The Big Short) puts his own spin on financial-disaster tourism, traveling to places we hear about in the headlines but whose economic troubles few of us really understand: Iceland, Greece, Ireland, Germany, and even California. Originally written as a series of articles for Vanity Fair, these pieces all reflect Lewis's flair for making complex financial shenanigans comprehensible to the nonbusiness reader as well as his talent for teasing character profiles (like the Texas financier who bought 20 million nickels for their metal value) and stories out of nameless bureaucracies and amorphous events.

The individual chapters are engaging, but they remain a somewhat disconnected group without much in the way of an introduction or conclusion to bring them together. Lewis also tends to engage in a bit of cultural stereotyping that may not be to all readers' taste-Icelanders, for example, have a "feral streak", and Germans are fascinated with all things scheisse (shit).

Verdict: Lewis is red-hot right now (thanks in no small part to recent movie versions of The Blind Side and Moneyball) and there will be demand for this title, which, despite its shortcomings and depressing subject matter, is fascinating.

-Sarah Statz Cords, The Reader's Advisor Online

(c) Copyright 2011. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Awards and Recognitions

  • Publishers Weekly Best Books of the Year, 2011 (United States)

Book 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.

Customer Product Reviews

Rated 4 out of 5★ by 1reviewer.
Rated 4 out of 5★ by Good description of the European economic probelms and issues. 03/01/2012
See All Reviews
 

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