Boomerang by Michael Lewis
Adventures of a Financial Disaster Tourist

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Synopsis

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.
 

About Michael Lewis

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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.
 
Published January 1, 2011 by Allen Lane. 240 pages
Genres: Business & Economics, Education & Reference, Travel, Humor & Entertainment. Non-fiction

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We learn, for example, that while protesters in Greece have vented their anger on banks, Greek banks have actually behaved with commendable restraint over the past decade, avoiding the casino practices that were endemic in British banking.

Oct 21 2011 | Read Full Review of Boomerang: Adventures of a Fi...

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Jul 22 2012 | Read Full Review of Boomerang: Adventures of a Fi...

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