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As Pogo once said "We have met the enemy and he is us." 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. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pi�ata 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. Michael Lewis's investigation of bubbles beyond our shores is so brilliantly sadly hilarious that it leads the American reader to a comfortable complacency: oh those foolish foreigners. But when he 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.

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Boomerang: Travels in the New Third World
Average rating
4 / 5
Strong start... Weak finish
August 13th, 2014
Great book throughout but the last chapter about American municipalities was weak
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1 review
October 5th, 2013
Interesting but perhaps glib
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1 review
August 2nd, 2013
This was super insightful.. One of the more well written and thought provoking books this year.
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1 review
February 22nd, 2013
Terrific read. Informative but deals with a serious subject (international financial meltdown) with a light and amusing touch.
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1 review
An informing read.
February 11th, 2013
This is a nice and interesting way to learn more about what occurred behind the scenes in 2008. His wit and humour make this an easy read.
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1 review

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