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Boomerang: Travels in the New Third Worldby Michael Lewis
Synopses & Reviews
From the #1 New York Times bestselling author of The Big Short, Liar’s Poker and The Blind Side!
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.
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.
The trademark of Michael Lewis’s bestsellers is to tell an important and complex story through characters so outsized and outrageously weird that you’d think they have to be invented. (You’d be wrong.) In Boomerang, we meet a brilliant monk who has figured out how to game Greek capitalism to save his failing monastery; a cod fisherman who, with three days’ training, becomes a currency trader for an Icelandic bank; and an Irish real estate developer so outraged by the collapse of his business that he drives across the country to attack the Irish Parliament with his earth-moving equipment.
Lewis’s investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American listener to a comfortable complacency: Oh, those foolish foreigners. But when Lewis 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.
“No one writes with more narrative panache about money and finance than Lewis.”
—Michiko Kakutani, New York Times
"Part travelogue, part finance journalism, this latest from Lewis tours the countries hardest hit by the financial crisis of 2008 — e.g., Iceland, Greece, and Ireland — taking on complex economic issues filled with arcane minutiae and making them utterly compelling. Over the course of his travels, Lewis has numerous culture clashes: while touring Iceland he boards in a room with a natural heat source 'so powerful... that some great grinding, wheezing engine must be deployed to prevent it from cooking me.' Dylan Baker offers up folksy, everyman narration that is clear and entertaining. He both elucidates complicated financial passages for listeners and captures the spirit of Lewis's adventures. Additionally, Baker is adept at conveying Lewis's dry — and slightly morbid — sense of humor. A W.W. Norton hardcover. (Oct.)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
Michael Lewis intelligently--and humorously--explains the global effects of the economic crisis in Boomerang.
About the Author
Michael Lewis is the author of Panic!, Liar’s Poker, The New New Thing, Moneyball, The Blind Side, and Home Game, among other works. He lives in Berkeley, California.
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