Boomerang: Travels in the New Third World Customer Rating : 
List Price : $25.95 Price : $11.95
List Price : $25.95 Price : $11.95
Product Description
As Pogo once said, "We have met the enemy and he is us."
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.
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Boomerang: Travels in the New Third World Reviews
| 473 of 488 people found the following review helpful:  The Financial Crisis Moves From the Private Sector to the Public Sector., By Amazon Verified Purchase This review is from: Boomerang: Travels in the New Third World (Hardcover) I admit to being a fan of Michael Lewis' books, so take that into consideration as you read this review. Lewis earned a masters degree in economics from the London School of Economics and went to work as a bond trader for Salomon Brothers before its scandals. His education and investment experience qualified him to write "Liar's Poker" in 1989, though I have no idea what qualified him to write such an entertaining and lucid description of the Wall Street culture of that time. Subsequently, I have read Lewis' "Moneyball" (in 2003), "The Blind Side" (in 2006), and "The Big Short" (in 2010). All of these books are very easy to read and hard to put down. They tell well-researched, interesting stories. In the case of "The Big Short" it helps to illuminate the origins of the financial crisis that broke starting in 2007.In Lewis' latest book, "Boomerang," the subtitle is, "Travels in the New Third World." Lewis is not referring to Asian or Latin American countries here... Read more 160 of 171 people found the following review helpful:  Great Magazine Articles, Amazon Verified Purchase This review is from: Boomerang: Travels in the New Third World (Hardcover) The entire book with the exception of a short introduction is available for free online. I knew the book was based off articles in Vanity Fair, but I did not realize that there was no new content. I just wanted to warn anyone that subscribes to VF that they are paying for the content twice if they purchase this book.If you feel like saving money, you can find the articles that comprise the book on VF's website.Update: Since I wrote this review, VF has placed the Iceland article behind their pay wall. You can still find it for free by searching for "Vanity Fair Iceland." All other articles can be found for free on VF's website; just search for "Michael Lewis Vanity Fair" and then click on the index of his articles. 157 of 184 people found the following review helpful: God but..., Amazon Verified Purchase This review is from: Boomerang: Travels in the New Third World (Kindle Edition) This book is basically just a collection of 5 pieces done for vanity fair and available for free on their homepage. While the articles are great i read all the original ones and somehow expected more content for my money. |
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