This book is done with humor and sarcasm to produce an understandable outline of the current problems faced in the global financial crisis. Lewis breaks down the issues of Iceland, Ireland and Germany...tracking back to the inevitable start of this mess - WE THE PEOPLE OF THE US. This is a mirror that is unpleasant to gaze in, but the presentation will leave you laughing as you shake your head at what all this may mean for our future.
Tiggi Lit Lee
A chatty, witty, detailed, person-centered take on how various countries or states fell victim to their "personal" weaknesses and set "themselves" up for financial failure. More of a personal opinion than a factual report, but it does make sense.
WAY TOO SHORT!!!!!
Should have been twice as long. Just when I had collected a lot of ideas and was starting to THINK about them, the book up and ended!!!! I did not like that at all. This demeaned the content. Caused me to reclassify the book as a sitcom or a reality show. I HAD thought I was listening to an entertaining documentary up to that point. Oh well, I guess that's Michael Lewis's product. Really had expected more.
Excellent narration though!
I wish Audible would provide a better product. I continually have to go back and try to find my place to listen. Audible apparently disables the ability to burn a book to even one disk so I can listen to it. The iPod just doesn't do well on audiobooks (probably unless you buy them from Apple). It is impossible to get a book burned to CD so I can listen to it and it never plays right on the iPod.
Overall worth the listen. I found myself wishing for more background/followup at times, but entertaining (and will also make you angry at the events and how they happened).
Up until now, The Big Short was my favorite audiobook, this tops it. Lewis's dry humor and fantastic use of irony almost makes you forget just how scary the underlying premise is. I wish the book was twice as long as I hated to have it end.
The fallout from the Financial Crash of 2008 is seen from what happened in Iceland, Greece, Ireland, Germany, and the United States. This is a collation of a series of articles that Michael Lewis has been publishing in US Magazines where he became a tourist through the rubble of the world.
Although I had read one of these stories before, this is a very enlightening and entertaining series of stories. I found myself laughing out loud several times. And considering the seriousness of the story that is being told, that says a lot about Mr. Lewis's ability to write cogently and clearly.
How did Iceland come to have debts 7 or 8 times its total GDP? How did a 10th Century monastery in Greece come to have a billion Euro real estate portfolio? Why did the Irish go from welcoming some of their ex-patriots back home to exporting people again? Why are the Germans obsessed with feces? What is the brokest city in the brokest state in the United States?
All these questions and more are answered in this very entertaining book.
The story was good and I always enjoy Michael Lewis' books but this one had a different flavor to it. The book develops background on Iceland, Ireland, Greece and Germany's financial problems through unusual people and situations. Nearly every person was so financially naive as to be embarrassing. Wall Street was (again) portrayed as blood sucking vampires with no redeeming virtues as we pushed off our worthless assets onto people who trusted the word and guarantees of the USA and Wall Street.
In addition to providing the details of the origin of the debt crisis in Greece, Ireland, and California, Lewis provides an interesting and colorful account. That's in comparison to most business writers, who aren't very good writers. Yes, sometimes Lewis is over the top, like in his theory that Germans are obsessed with anal scatology, but that adds to the material that would otherwise be a very dry read.
Michael Lewis is the premier financial writer of our day. My favorite is the Big Short but Boomerang is a fun and interesting follow-up. Lewis paints a clear albeit brief picture of the present difficulties in Greece and Ireland and California and how they got that way through personal stories. The story and performance by the narrator were both five stars.
The stories are dramatic. A good listen if it's a bed time story, but it's not. The book lacks a central idea. The analysis of economics in different countries is superficial and biased.