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Boomerang Audiobook

Boomerang: Travels in the New Third World

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Publisher's Summary

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

What the Critics Say

“No one writes with more narrative panache about money and finance than Lewis.” (Michiko Kakutani, New York Times)

What Members Say

Average Customer Rating

4.3 (2507 )
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  •  
    MichaelEng Charlotte, NC, USA 01-09-12
    MichaelEng Charlotte, NC, USA 01-09-12 Member Since 2016

    MichaelEng

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    "Interesting Overview of a few global economies"
    Is there anything you would change about this book?

    It was an enjoyable and very interesting listen. This book was made up of some interesting facts and observations regarding behaviors and cultural differences between countries.I think the book was missing a few conclusions or even bring some thoughts to an end. I felt the book opened up a whole lot of questions without really giving some kind of an answer.


    Would you recommend Boomerang to your friends? Why or why not?

    I would have recommended to friends until the author went into great detail about German and their alleged feces fascination. Trying to make some logic about why Germans got into sub-prime...


    1 of 1 people found this review helpful
  •  
    R Mattapoisett, MA, United States 12-24-11
    R Mattapoisett, MA, United States 12-24-11 Member Since 2010
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    "Entertaining but Superficial"

    Entertaining but hardly definitive. Mr. Lewis jumps to very broad conclusions about certain nationalities based on anecdotal evidence. His comments on the excretory hangups of Germans, for instance, are superficial and gratuitous - to say nothing of somewhat disgusting. The ending of the book is parfticularly weak. Despite these flaws, the narration is very good, and it is an entertaining listen overall.

    1 of 1 people found this review helpful
  •  
    lindamarie Palo Alto, CA 12-23-11
    lindamarie Palo Alto, CA 12-23-11 Member Since 2013
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    "good but not his best"
    Would you try another book from Michael Lewis and/or Dylan Baker?

    After the Blind Side and the Big Short, I became a Michael Lewis fan. I got Boomerang immediately after finishing Blind Side. Maybe I knew a little too much about the topics included in Boomerang. They aren't as compelling and don't pull together as much of a story as his other books.


    Was Boomerang worth the listening time?

    Boomerang is still worth the listening time, and I'll try another Michael Lewis book when it comes out.


    1 of 1 people found this review helpful
  •  
    Patrick 12-22-11
    Patrick 12-22-11
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    "Boomerang Review"
    What could have made this a 4 or 5-star listening experience for you?

    This was a tedious deconstruction of all things Icelandic, German etc etc. I have always been delighted by Michael Lewis's books in the past. This was tedious, repetitious and petty.

    The narrator also was awful.


    What could Michael Lewis have done to make this a more enjoyable book for you?

    See above. Go back to his original style and get rid of the awful narrator.


    How did the narrator detract from the book?

    Majorly.


    If you could play editor, what scene or scenes would you have cut from Boomerang?

    All.


    Any additional comments?

    This book should not have been published.

    1 of 1 people found this review helpful
  •  
    Clifford Boulder, CO, United States 12-10-11
    Clifford Boulder, CO, United States 12-10-11 Member Since 2012
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    "Good thing Lewis is not a banker."
    This book wasn’t for you, but who do you think might enjoy it more?

    This book, like Moneyball, was an entertaining read. Early in the book, when Lewis claimed that the conversion from euros to dollars was to simply multiply the euro amount by 100 it became difficult to acccept any of the other analysis in the book. This was not just an oversite, the ratio was used throughout the book and lead the reader to some astonishing numbers and conclusions. I continued to read the book, but more for the story and perhaps for the conclusion than for insight. I think Lewis presents himself as a story teller and not a world class economist, but this error was a little over the top.

    You really have to like the story. Who would not root for the cod fisherman one day who became an investment banker the next day. Perhaps even better, how the Greek Church scammed the Greek government.


    What other book might you compare Boomerang to and why?

    Facts, ratios and analysis aside, the book resembled Moneyball, a few assertions leading to grand conclusions. Look at it as entertaining and little more and you'll have an enjoyable read.


    1 of 1 people found this review helpful
  •  
    Charles New York, NY, United States 11-09-11
    Charles New York, NY, United States 11-09-11 Member Since 2010
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    "Long magazine article"

    LIke Malcolm Gladwell, this book seemed like a bunch of magazine articles put together. Interesting topics for sure, but much less of a book that it could have been.

    1 of 1 people found this review helpful
  •  
    Rainiac 10-22-11
    Rainiac 10-22-11 Member Since 2015

    rainwallace

    HELPFUL VOTES
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    "Boomerang"
    Would you recommend this audiobook to a friend? If so, why?

    This is information that we all need to know.


    What did you like best about this story?

    This was written in a way that follows the money around the world. He interviews with people who influenced it's course and problems with our world wide economy from Subprime - Iceland - Greece, the entire Euro and even Ireland. Engrossing to say the least!


    What does Dylan Baker bring to the story that you wouldn’t experience if you just read the book?

    He has a stable voice with an edge of humor.


    Was there a moment in the book that particularly moved you?

    Following the reason Bass is such reliable a source; I was about sick when he interviews the Texas Hedgefunder and quotes his advice to buy hard assests like gold, nickels by the millions and firearms.


    5 of 7 people found this review helpful
  •  
    Kenfrey FARGO, ND, United States 10-17-11
    Kenfrey FARGO, ND, United States 10-17-11
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    "Simply Fascinating."

    As always Michael Lewis has some interesting observations about societies. Entertaining read. This book, I feel, is definately worth the cost.

    1 of 2 people found this review helpful
  •  
    Jane Chicago, IL, United States 10-02-12
    Jane Chicago, IL, United States 10-02-12 Member Since 2015
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    "4 ½ stars. Wow. This was excellent."

    I’m very happy to have this eye-opening knowledge. The entertainment value is the strange incompetence and stupidity of people. But it is also depressing. Terrible things are happening to ordinary people. I loved hearing it as an audiobook, educating me while I was doing other things. Reading this as a physical book might be less desirable for me. In the book the author describes himself as a “financial disaster tourist.” He travels to and writes about five areas: Iceland, Greece, Ireland, Germany, and California. He’s an excellent writer. He makes nonfiction interesting. An example of his thinking follows. In Ireland homeowners can’t walk away from their homes like in the U.S. If the bank forecloses and takes the property, the homeowner still owes the money. He can’t declare bankruptcy to get away from debt. I liked the author’s phrase “In their rush to freedom, the Irish built their own prisons.”

    I would have liked more thoughts about the future - possibly having different experts give opinions. I wanted more about “what might happen.” The Vallejo, California, story was an excellent example of what can happen, but parts of that were not clear enough. For example, he states “the city had 1,013 claimants with half a billion dollars in claims but only $6 million to dole out to them.” “In August 2011, a judge approved the bankruptcy plan for Vallejo. Vallejo’s creditors ended up with 5 cents on the dollar, public employees with something like 20 and 30 cents on the dollar.” I have a question. Assuming Vallejo dispersed all the money at once today (for example the $6 million) how much will go to “retired workers” (police, firefighters, teachers, and others)? Assume a retired person has $30,000 coming to them each year for the rest of their life. Assume that has a present value of $500,000. Do they get $100,000 today (I’m using 20%) and nothing else? Or is the $100,000 put into an annuity somewhere which would pay them $6,000 per year? Or do they get $6,000 every year from the city as long as there is money? I wish the author would have clarified that.

    I understand this entire book was published in a series of articles for Vanity Fair magazine. All but the Iceland portion is available to read free online - at this time.

    NARRATOR: Dylan Baker was excellent.

    GENRE: financial nonfiction.

    2 of 3 people found this review helpful
  •  
    M. Dever 11-25-11
    M. Dever 11-25-11

    OraJDBC

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    "Adds nothing to our understanding of Economics"

    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.

    2 of 3 people found this review helpful

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