Boomerang: Travels in the New Third World

by Michael Lewis

Book cover for Boomerang: Travels in the New Third World

“Lewis shows again why he is the leading journalist of his generation.”―Kyle Smith, Forbes

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 pinata 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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  • On Jan 20 2019 Tom Copeland (USCG) read this book and commented:

    Lively and quick read about the perils of high finance and how to destroy a nation's economy.

  • On May 01 2016 kcholbert (USAF) read this book
  • On Jun 15 2014 colleen (USA) read this book