Good, entertaining and illustrative anecdotes of people and situations that contributed to the global economic downturn. A follow-up to Lewis's Big Short.
If you like Michael Lewis's other books you'll love this one. I especially liked his analysis of the Muni Bond problems pending in California. This book examines why the Boomers boom of the 90's has turned into a bust of the 2000's, especially for those countries with an an aging demographic.
Mischaracterization of cultures.
Author seems to be buried in right wing spin, and has not yet questioned it.
Austerity budgets lead to Much Lower Economic growth.
This most recent Michael Lewis book is a lighter, more anecdotal read about governments going bust in the aftermath of the subprime financial meltdown. Almost has a Bill Bryson air to it. I give it four stars--but even with that rating, Boomerang pales because The Big Short is truly a great, great book.
Lewis does a great job at getting to the roots of and differentiating the 2008 economic collapse in several of the hardest-hit countries, providing a cultural backdrop for context. His investigation of the Icelandic, Greek, German, Irish and American cultures and motives of the players involved (bankers, govt officials, etc) illustrate that events leading up to the crash differed greatly by country. Lewis details the absurdity of the key players actions with side-splitting humor, although at times he is a bit too snarky.