Define Books Conducive To 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) |
Michael Lewis
Paperback | Pages: 218 pages Rating: 3.9 | 39897 Users | 2321 Reviews
Particularize Out Of Books Boomerang: Travels in the New Third World
| Title | : | Boomerang: Travels in the New Third World |
| Author | : | Michael Lewis |
| Book Format | : | Paperback |
| Book Edition | : | Anniversary 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 |
Explanation During 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.
Rating Out Of Books Boomerang: Travels in the New Third World
Ratings: 3.9 From 39897 Users | 2321 ReviewsComment On Out Of Books Boomerang: Travels in the New Third World
I am a huge Michael Lewis fan - in fact I wish I could have his job. He writes about money and sports, two subjects I find fascinating. However, Lewis crosses the line with this book, which is a compilation of previously published magazine pieces about the financial crisis as it has played out in Iceland, Ireland, Greece, Germany and California. Lewis seems to have reached some sweeping conclusions about the "essential character" of these places, based on spending a couple of weeks there andI'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
Wow, this is some crazy shit. It's amazing and depressing how a handful of people can pretty much ruin a country with their shitty decisions. Not gonna lie, it made me glad that I was not living in Iceland, Ireland, or Greece. Despite USA's problems, hey at least our economy is more stable... at least for the time being. Real eye-opening.
To say i am totally p***ed off is to water down my feelings enormously. having just written out a review of this book which took me an hour my computer has chosen to wipe it and, being a total luddite, i have no idea how to retrieve it. As i went along I was removing the clips from the pages which had struck me as provoking, incisive, witty etc. Now i look at a pile of magnetic page markers and a book wholly free of them. Short of wading my way through again I have no way of tracing them. How
Economics books can be depressing, especially the more you learn about how the world's markets move. I read Michael Lewis's The Big Short a few years ago. In that book, he covered the subprime mortgage market that lead to the 2007 housing bubble collapse, and the most shocking takeaway there was not that people were greedy and short-sighted, but that all the "experts," the brokers, the realtors, the bankers, the Federal Reserve officials, the "Big Money Men" - didn't actually have a clue! You or
This is Greed v. 2.0, but more powerful and a lot more punitive. The ripples created by banks and financial institutions were sure to become mammoth waves; institutional meltdown paving way for national meltdown.I wont attempt to write a review, others did it way better. I just write two things: First, a Michael Lewis quote, which makes me look at leverage like never beforeWhen you borrow a lot of money to create a false prosperity, you import the future into the present. It isnt the actual
I'm loving this. Taken in tandem with Lewis's previous book, The Big Short, it's a hilarious and terrifying explanation of the present financial crisis (ruination, collapse, armageddon?)I was chatting to a couple of people the other day who really know finance and suchlike, and they objected that Lewis doesn't get everything right. I can't say whether that's a question of fact or a matter of nuance and opinion. What I can say is that a) nothing he writes clashes with my experience or
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