Michael Lewis
Paperback | Pages: 218 pages Rating: 3.9 | 39897 Users | 2321 Reviews
List Containing Books Boomerang: Travels in the New Third World
| Title | : | Boomerang: Travels in the New Third World |
| Author | : | Michael Lewis |
| Book Format | : | Paperback |
| Book Edition | : | First Edition |
| Pages | : | Pages: 218 pages |
| Published | : | September 4th 2012 by W. W. Norton Company (first published October 3rd 2011) |
| Categories | : | Nonfiction. Economics. Business. Finance. History. Politics |
Chronicle In Pursuance Of Books Boomerang: Travels in the New Third World
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.
Itemize Books Supposing Boomerang: Travels in the New Third World
| Original Title: | Boomerang: Travels in the New Third World |
| ISBN: | 0393343448 (ISBN13: 9780393343441) |
| Edition Language: | English URL http://michaellewiswrites.com/index.html#boomerang |
| Literary Awards: | Goodreads Choice Award Nominee for Nonfiction (2011) |
Rating Containing Books Boomerang: Travels in the New Third World
Ratings: 3.9 From 39897 Users | 2321 ReviewsComment On Containing Books Boomerang: Travels in the New Third World
Michael Lewis turns his curiosity on the wider world after the financial debacle of 2007 and the success of his book The Big Short . Here he attempts to answer a few questions: How did the crisis unravel overseas, what was the role of European banks, and how did governments and investors deal with the disaster? Then he returns home to America to look at state failures, California specifically, in the aftermath. I listened to the Recorded Books edition of this book, and Lewis has a laugh in hisI'm not a big reader of newspapers or watcher of the news, mostly as the news these days is reported as quickly as possible with the barest of facts and, for larger issues like the economic troubles of recent years, almost no understanding of the circumstances for context. That's not to say I'm not interested, but I would only be interested in reading about the financial woes of late through a writer who could write, not as an economist or academic, but a true writer, and could make the subject
Michael Lewis is the author of the blockbuster Liar's Poker from 20 years ago (soon to be a major motion picture, by the way.) Lewis has recently done a bit of "financial disaster tourism" as he calls it and the results are in his latest book, Boomerang.I bought it for Wilhelm but made the mistake of leaving it lying around and yesterday I did what I said I would not do and started reading it. And couldn't put it down. Fortunately it's short.In an attempt to figure out what happened to the euro
At 48mins 31secs - ye geezer states that Iceland will drop the kroner in favour of the Euro - wrong - Iceland is not in the EU. It works through Norway and both have trade agreements with the EU. Neither are full members.Iceland now wants to be ((candidate list)no financial surprise) and Norway strongly doesn't want to be. The peoples of Sweden want out but the govt is not keen on the penalty clauses.There have been meetings to consider a nordic block.This man is not the definitive - nosiree.
After The Big Short, this is a weird book. Lewis almost completely abandons the Napoleonic narrative of history suggested by The Big Short in this one, where both success and disaster, no matter how broadly written, is basically the result of the choices of special people who are able to exploit unique opportunities to create economy shaking results. Theres almost none of that here. Whereas the American crisis seems to be the result of a few very smart people either creating or identifying a
In 2004, Wall Street's largest investment banks brought about the beginning of a worldwide financial downturn by creating the credit default swap on the subprime mortgage bond. The events that followed have been widely reported. Once-wealthy nations such as Greece, Ireland, Iceland and Germany accrued gargantuan debts, causing governments, banks and other companies to crumble. In 'Boomerang', Michael Lewis explains the details of how and why this happened, visiting the worst-affected countries
UPDATED - July 28, 2013 - at bottomChecking in with the whiz kids who predicted the Wall Street crash that he wrote about in The Big Short, his excellent look at the latest Wall Street meltdown, Michael Lewis finds that the next big bust will be on the nation-state scale. His construct for analyzing how nations deal with the economic environment of the 21st century is to imagine each of these countries in a dark room in which piles of money were dumped, the easy credit available in the first
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