Boomerang: The Meltdown Tour (Hardback)
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DescriptionHaving made the U.S. financial crisis comprehensible for us all in "The Big Short", Michael Lewis realised that he hadn't begun to get grips with the full story. How exactly had it come to hit the rest of the world in the face too? Just how broke are we really? "Boomerang" is a tragi-comic romp across Europe, in which Lewis gives full vent to his storytelling genius. The 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. The Irish wanted to stop being Irish. The Germans wanted to be even more German. Michael Lewis' investigation of bubbles across Europe is brilliantly, sadly hilarious. He also turns a merciless eye on America: on California, the epicentre of world consumption, where we see that a final reckoning awaits the most avaricious of nations too. This is the ultimate book of our times. It's time to brace ourselves for impact and, with Michael Lewis, to laugh out loud while we're doing it.
- Published: 06 October 2011
- Format: Hardback 240 pages
- ISBN 13: 9781846144844 ISBN 10: 1846144841
- Sales rank: 2,900
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Reviews for Boomerang
Just finished reading this fascinating book, and really easy to read. It gives great insight in to why we are in the financial situation we now face. Why were the conservative German banks taking such big risks, who the Greeks are and how they have come to owe so much, and why Germany let them, to insights into American debt, behaviour and why they are in such a mess also. If you want to know some shocking insights into human nature and behaviour, and stories behind the financial pit we now are in, read this book. He is a great writer, using stories and wit to help begin understand what is going on in the world. Starting with Iceland.... by Mrs Corinna H Mills