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.
I really have enjoyed all of Michael Lewis's books and this one is no exception. Dylan Baker has a voice perfect for reading satirical books. His voice is perfect for encouraging you to laugh at the follies of humankind, including your own.
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.
Lewis is a terrific financial writer but the book is not nearly as good as some of his other works. There is so much about other countries that could have been included.
I can alway count on Michael Lewis to write something that is interesting to listen to, and leaves me with new insight about a subject that I thought I knew a little about, Boomerang is no different, interesting perspective on finance and what got us to where we are today, and it points to an unsettling economic future.
Okay, now I have some idea about what happened in Iceland, Greece and Italy. And I had a great time along the way. Clever and insightful.