From the #1 New York Times best-selling author of The Big Short, Liar’s Poker and The Blind Side!
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.
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.
The trademark of Michael Lewis’s best sellers is to tell an important and complex story through characters so outsized and outrageously weird that you’d think they have to be invented. (You’d be wrong.) In Boomerang, we meet a brilliant monk who has figured out how to game Greek capitalism to save his failing monastery; a cod fisherman who, with three days’ training, becomes a currency trader for an Icelandic bank; and an Irish real estate developer so outraged by the collapse of his business that he drives across the country to attack the Irish Parliament with his earth-moving equipment.
Lewis’s investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American listener to a comfortable complacency: Oh, those foolish foreigners. But when Lewis 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.
©2011 Michael Lewis (P)2011 Simon & Schuster
“No one writes with more narrative panache about money and finance than Lewis.” (Michiko Kakutani, New York Times)
Very well organised. i think he does have a good understanding of what went down; and his research provides good clues on what's coming next in not so far future.Overall an interesting read which keeps you tuned in.
Couldn't say. High among the non-fiction.
Learning that the Greek national railroad brings in 100 million Euros per year and pays its employees 400 million Euros per year.
It is lively.
Not especially, but it is absorbing.
I would recommend this to anyone as containing some very good lessons in economics.
Do you read the book before you dislike my reviews?
I've been reading Michael Lewis' materials for many years. From what I've read so far, I always learned something new or understand something that I didn't understand before. Like Liar's Poker, which is a classic read on Wall Street and still holds up very well, even after 20 years.
Boomerang should be in a time capsule for our future generation to read, but something tells me that things won't be that much different in next hundred years, other than flying cars.
Michael Lewis is a economist that doesn't dumb down the facts and figures, but without the mathematical equations and trying to figure out which tax bracket we are in, he can explain things in human being terms.
I haven't read his other novels, yet, like The Blind Side, but I will always be a fan of his financial explanations.
I just hope that he will write a book on the United State Postal Office and explain why they are going out of business, beyond the blame of 21st century and modern technology, like Internet, email, bill pay.
He nail it
Entertaining review of the worldwide finacial crisis.
Great story teller.
Michael Lewis has the gift to make dry topics entertaining and humorous. His observations are original.
Second only to the Big Short also by Michael Lewis. The narrator was excellent at capturing the tone of the work.
He captures the intent and the humor of the author with his voice inflections. Very easy to listen to.
The amazingly crazy aspects of the bond market and how very ordinary Icelandic, Irish and Greek citizens became overnight investment experts and bankers. A mind blowing account of how these countries bankrupted themselves with subprime mortgage securities
Michael Lewis' 3 books of Liars Poker, The Big Short and Boomerang tell the story of the subprime bond market and how it came to be, grew and collapsed in easy to understand terms. If you want to understand how we got here and where we are headed as a country they are required reading. Irreverent and entertaining and, sadly, true.
This was a good listen but but not his best work by far. If this is your first Lewis book try one of his others first. If your a longtime fan why are you even reading this just get the book.
A template for understanding recent financial market shenanigans based on human behavior and human limitations (of intellect, pride, greed). Lewis is always entertaining. Thoroughly enjoyable.
WOW! This book is informative and poignant.
He analyzes the behavioral traits of a society using historical and anecdotal evidence and then uses that evidence to explain how those traits related to each countries financial collapse (or involvement in a collapse). There were a few laugh-out-loud moments and many moments where I sounded smart at cocktail parties after listening to it.
Get this book. Very worth it. I'm definitely going to get his first (financial) book, "The Big Short"
P.S. I really try not to be an all 5's or all 1's guy. I hope that says something about the all 5's rating.
P.S.S. I can't believe the surprise twist ending when you find out his brother was his father AND he was a vampire all along.
Not as good as the Big Short, but good broad level information on what caused Europe's financial problems. Probably a bit simplistic, but informative, and enjoyable listening.
Throwing the California problems in seem out of context, but did hurt the overall theme.
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