The unabridged, downloadable audiobook edition of Boomerang: The Meltdown Tour, Michael Lewis' brilliant tragi-comic romp across post-crash Europe. Read by the actor Dylan Baker.
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 piñata 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.
©2011 Michael Lewis (P)2011 Penguin Books Limited
"Fascinating... the book could not be more timely...a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today's headlines." (Michiko Kakutani, New York Times)
"Lewis is the finest storyteller of our generation." (Malcolm Gladwell)
"He is so good everyone else may as well pack up." (Evening Standard)
"Sharp, fun and informative"
A sharp, fun and informative guide to the financial crisis. Respected financial author Michael Lewis visits Iceland, Ireland, Greece, Germany and California and compiles stories that illustrate the issues and shine a light into the problems of the crisis.
"Each to their own, many paths, one calamitous end."
It is hard to describe Boomerang. Essentially it is a piece of light entertainment. That's tough sledding when it's subject is the on-going collapse of the global financial system.
It is less technical than Lewis's other works on the subject and examines the way differences in national character led countries down differing paths to a common disaster. One that has perhaps only just started.
It's hard to see the funny side of the calamitous level of sovereign debt that much of the western world has accumulated in the past 10-years but Lewis puts in a pretty successful attempt.
The narration by Dylan Barker is pretty decent but nothing special.
"I listened twice"
This is an extremely entertaining overview of the sovereign debt crisis. My only criticism is that it appears to draw a lot of its comedy, and worryingly some of its conclusions, from national stereotyping. Despite this, Boomerang is a great and very accessible summary. Dylan Baker's narration suits it very well.
"Entertaining but not as informative as his others"
Michael Lewis has an uncanny talent for turning non-fiction into an interesting vibrant story. Unfortunately in this book there is just a little bit too much story from my liking. The descriptions are just a little too elaborate and it seems a little thin on the ground when it comes to facts and information.
Totally unlike his other two excellent volumes Liars poker and The Big Short. Which are by far some of the best books on finance available due to their entertaining and highly informative delivery.
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