Boomerang: Travels in the New Third World

Business & Finance, Economics, International Economics, Economic Conditions, Nonfiction, Travel
Cover of the book Boomerang: Travels in the New Third World by Michael Lewis, WW Norton
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Author: Michael Lewis ISBN: 9780393082241
Publisher: WW Norton Publication: October 3, 2011
Imprint: W. W. Norton & Company Language: English
Author: Michael Lewis
ISBN: 9780393082241
Publisher: WW Norton
Publication: October 3, 2011
Imprint: W. W. Norton & Company
Language: English

As Pogo once said "We have met the enemy and he is us." 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 pi�ata 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

As Pogo once said "We have met the enemy and he is us." 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 pi�ata 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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