Publisher Description
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
Download and start listening now!
“This is a great book for anyone who wants to understand what behaviors caused the debt crises in various nations but does not have a background in finance or economics. It’s not a very technical book. It studies several countries or other places that were and still are key to the debt crises in Europe and America, and concludes that in these places–Iceland, Greece, Ireland, Germany, and California–the horrible financial decisions that led to unsustainable debt and to recession (except in Germany, which is not loaded with debt but financed excessive spending in other countries with easy credit, and will now probably be on the hook for bailing Europe out). were influenced by flaws peculiar to their national or regional character. It’s fascinating, particularly Lewis’s analysis of the German national character (which, be warned, is disgusting in some respects).”
—
Don (4 out of 5 stars)
