Boomerang: Travels in the New Third World

. He lives in Berkeley, California, with his wife and three children. Michael Lewis, is the best-selling author of Liar’s Poker, Moneyball, The Blind Side, and Flash Boys

“Lewis shows again why he is the leading journalist of his generation.”Kyle Smith, Forbes 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 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. Icelanders wanted to stop fishing and become investment bankers. 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. 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.

"The Financial Crisis Moves From the Private Sector to the Public Sector." according to AdamSmythe. I admit to being a fan of Michael Lewis' books, so take that into consideration as you read this review. Lewis earned a masters degree in economics from the London School of Economics and went to work as a bond trader for Salomon Brothers before its scandals. His education and investment experience qualified him to write "Liar's Poker" in 1989, though I have. Yoda said A Look into 5 Nation's Unique Psychological make-up and how each Contributed to the Economic Bust in Each Nation. Any review of this book would have to start by pointing out that this book is not a new original work. It is, instead, a compilation of previously published essays that can be found in a variety of periodicals (i.e., The Atlantic, etc.). That being said and gotten out of the way, it should also be noted that this book is not an examination of economic factor. William Capodanno said What Goes Around, Comes Around. Some criticize Lewis and this book for being a rehash of previously published material. Since I hadn't read any material that might have been published earlier, I didn't bring that context when reading this book and to my assessment -- it was all fresh material for me. Like other works by Lewis that I've read, I was absorbed from page 1. In spite of a few pa

And in this book he weaves their stories into a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today s headlines about Europe s growing debt problems and the risk of contagion they now pose to the world. The book -- based on articles Mr. Lewis sets off in these pages to give the reader a guided tour through some of the disparate places hard hit by the fiscal tsunami of 2008, like Greece, Iceland and Ireland, tracing how very different people for very different reasons gorged on the cheap credit available in the prelude to that disaster. Combining his easy familiarity with finance and the talents of a travel writer, Mr. The book based on