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Boomerang: Travels In The New Third World

Boomerang: Travels In The New Third World

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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 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.

Details of Book

ISBN13: 9780393343441
ISBN10: 0393343448
Language: English
Publication Year: 2012
Format: Paperback

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A note on book covers: while we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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  • One Line Summary

    A humorous yet sharp look at global financial excess.

  • Who is this book for?

    If you're interested in understanding how cultural quirks and economic habits collide on the world stage, this book offers a fascinating and often amusing insight. Michael Lewis delves into the global financial bubble and reveals the underlying character of nations through their economic pursuits. It’s a clever read that makes complex issues entertaining and relatable, especially if you enjoy seeing the human side behind financial crises.

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