Boomerang: The Meltdown Tour

Boomerang: The Meltdown Tour

Book rating: 05 Hardback

By (author) Michael Lewis

List price $31.04

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  • Publisher: ALLEN LANE
  • Format: Hardback | 240 pages
  • Dimensions: 160mm x 245mm x 26mm | 458g
  • Publication date: 6 October 2011
  • Publication City/Country: London
  • ISBN 10: 1846144841
  • ISBN 13: 9781846144844
  • Illustrations note: ill
  • Sales rank: 3,334

Product description

Having 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.

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Author information

Michael Lewis, the best-selling author of Liar's Poker, The Money Culture, The New New Thing, Moneyball, The Blind Side, Panic, Home Game, The Big Short, and Boomerang, among other works, lives in Berkeley, California, with his wife, Tabitha Soren, and their three children.

Customer reviews

By Mrs Corinna H Mills 08 Apr 2012 5

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....

Review quote

Fascinating...the book could not be more timely...a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today's headlines -- Michiko Kakutani New York Times Michael Lewis's bravura journey through Europe's economic underbelly brilliantly charts the consequences of a world plagued by debt...highly enjoyable...nicely politically incorrect, often very funny, and shot through with genuine insight -- Robert Harris Sunday Times Brilliant ... he has a novelist's gift Spectator, Books of the Year Lewis' investigation of bubbles across Europe is brilliantly, sadly hiliarious GQ magazine He writes with the wit and observational eye of a travel writer -- Richard Fitzpatrick Irish Examiner He writes quite brilliantly and understands the complex financial matters whereof he speaks. As polemical prose goes, it is hard to beat -- Howard Davies Management Today Lewis is the finest storyteller of our generation Malcolm Gladwell He is so good everyone else may as well pack up Evening Standard Michael Lewis meets some extraordinary characters in his excursion through the barely controlled madness that is modern finance ... lucid, entertaining -- Tony Barber Financial Times