Boomerang: Travels in the New Third World

by Michael Lewis
Read by Dylan Baker

Simon & Schuster Audio | October 4, 2011 | Audio Book (CD)

Boomerang: Travels in the New Third World is rated 5 out of 5 by 1.
From the #1 New York Times bestselling 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 piñata 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 bestsellers 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.

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

Format: Audio Book (CD)

Dimensions: 5.75 × 5.06 × 0.8 in

Published: October 4, 2011

Publisher: Simon & Schuster Audio

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 1442341254

ISBN - 13: 9781442341258

Found in: Business and Finance

save 5%

  • Out of stock online

$34.99  ea

$34.99 List Price

This item is eligible for FREE SHIPPING on orders over $25.
See details

Easy, FREE returns. See details

Item can only be shipped in Canada

Downloads instantly to your kobo or other ereading device. See details

All available formats:

Reviews

Rated 5 out of 5 by from Boomerang returns dividends on time invested Bestselling author Michael Lewis delivers again with this series of themed travelogues about the financial crisis and originally published in Vanity Fair. Each of the articles stands well on its own, but in series they manage to bring an additional element, a much broader perspective on the financial crisis and on human nature. Lewis travels to the major hot-spots: Iceland, Greece, Ireland, Germany and the US, noting the similarities and the differences in each of their situations, but mostly letting the individual characters who populate his essays tell the stories. Descriptions of people are rich, humorous, playful and cutting, but never mean spirited - the kind of descriptions your friends might use at your roast. Descriptions of countries’ national characters and of specific places are equally pithy; “it’s the sort of place bankers stay because they think it’s where the artists stay.” As expected, bank leadership, politicians and regulators fare poorly in Lewis’ crosshairs, and although they play small walk-on parts, investment banks such as Merrill Lynch come across as morally bankrupt and duplicitous, far worse than their aforementioned dimwitted but greedy co-conspirators. Lewis is finance literature’s equivalent of television’s Jon Stewart, calling all out on their motives, their revisionist explanations, and their mistakes. Ultimately, though, Lewis settles on the root cause - it’s us; it’s human nature and short term thinking. One of his interviewees sums it up best when he says about the virtual bankruptcy of his city, “I think we’ve suffered from a series of mass delusions.” As much as Charles Kindleberger’s excellent book Manias, Panics and Crashes offers a deep retrospective of the evidence of our foibles, Boomerang offers finely drawn characters who give insight into the human behaviour that inevitably leads to the crashes. A much different perspective, much more enjoyable to read, but no less effective. (Margaret Atwood’s “Payback” is an equally excellent and alternative take). As a former bond trader himself, Lewis has an easy grasp of the issues, the interests and the conflicts, and he segues from character to character and setting to setting to weave his story in the most entertaining and engaging of ways. These strengths set Lewis apart from most financial writers who concentrate on a chronological recounting of facts, with character development playing second fiddle. In all of the best ways in these short articles, Lewis is like Charles Dickens with a sketchbook rather than the vast canvas of a full length novel. You really should read this book. You will be entertained, you will learn something, and whatever your political or economic stripe, you will pause for some self reflection, because in the end the financial crisis boomerangs back to us and to human nature.
Date published: 2011-11-13

– More About This Product –

Boomerang: Travels in the New Third World

by Michael Lewis
Read by Dylan Baker

Format: Audio Book (CD)

Dimensions: 5.75 × 5.06 × 0.8 in

Published: October 4, 2011

Publisher: Simon & Schuster Audio

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 1442341254

ISBN - 13: 9781442341258

About the Book

Michael Lewis intelligently--and humorously--explains the global effects of the economic crisis in "Boomerang."

From the Publisher

From the #1 New York Times bestselling 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 piñata 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 bestsellers 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.

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

About the Author

Michael Lewis was born October 15, 1960, in New Orleans, Louisiana. He is an American contemporary non-fiction author. His bestselling books include Liar's Poker, Moneyball: The Art of Winning an Unfair Game, and The Blind Side: Evolution of a Game. His latest nonfiction book is called, Home Game: The Accidental Guide to fatherhood. Lewis lives Berkely, California with is wife and children.