Book description
Having made the U. S. financial crisis comprehensible for us all in
The Big Short, Michael Lewis realised that he hadn't begun to
get grips with the full story. How exactly had it come to hit the rest
of the world in the face too? Just how broke are we really?
Boomerang is a tragi-comic romp across Europe, in which Lewis
gives full vent to his storytelling genius. The 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. The Irish
wanted to stop being Irish. The Germans wanted to be even more German.
Michael Lewis's investigation of bubbles across Europe is brilliantly,
sadly hilarious. He also turns a merciless eye on America: on
California, the epicentre of world consumption, where we see that a
final reckoning awaits the most avaricious of nations too.
This is the ultimate book of our times. It's time to brace ourselves
for impact. And, with Michael Lewis, to laugh out loud while we're
doing it.
Michael Lewis, the best-selling author of
Liar's Poker
,
The Money Culture, The New New Thing
,
Moneyball
,
The Blind Side
,
Panic
,
Home Game
,
The Big Short
, and
Boomerang
, among other works, lives in Berkeley, California, with his wife,
Tabitha Soren, and their three children.
