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Boomerang: travels in the new third world - michael lewis

The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation.

Lewis turns a merciless eye on the world and the U.

to expose a financial trap baited with humor and reckoning.

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 Lewiss 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.

94.58 Lei

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