Boomerang: Book summary and reviews of Boomerang by Michael Lewis

Boomerang

Travels in the New Third World

by Michael Lewis

Boomerang by Michael Lewis

Buy This Book

About this book

Book Summary

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 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.

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.

Read a Sample

Click to the right or left of the sample to turn the page.
(If no book jacket appears in a few seconds, then we don't have an excerpt of this book or your browser is unable to display it)

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Reviews

Media Reviews

"Lewis's books are always excellent and always best sellers, so this should be at the top of your list." - Library Journal

"Mr. Lewis's ability to find people who can see what is obvious to others only in retrospect or who somehow embody something larger going on in the financial world is uncanny. 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." - New York Times Book Review

The information about Boomerang shown above was first featured in "The BookBrowse Review" - BookBrowse's online-magazine that keeps our members abreast of notable and high-profile books publishing in the coming weeks. In most cases, the reviews are necessarily limited to those that were available to us ahead of publication. If you are the publisher or author of this book and feel that the reviews shown do not properly reflect the range of media opinion now available, please send us a message with the mainstream media reviews that you would like to see added.

Reader Reviews

Write your own review

karen

oh, thats what happened
This book helped me understand what happened and what is still happening in the world as it relates to credit / defaults/ bailouts. I've read other books that were more in depth, but they were a struggle - this was not

Bob Bobola

Ideal height to hold the window open to get a nice breeze
Really stupid book. I know - all the book reviewers rave over it. In a nutshell - here is the whole book -- different countries misused cheap credit and had different reactions to the bust. That's it. Show's over. Just read the reviews and book summaries and you'll have read the whole book. Don't waste your $25. Get it from the library -- or (like me) just read a few chapters in the book store. It will be at garage sales for 25cents within a couple of years.

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Author Information

Michael Lewis Author Biography

Michael Lewis was born October 15, 1960 in New Orleans, LA. He graduated from Princeton with a BA in Art History, and in 1985 received his master's degree from the London School of Economics. Salomon Brothers hired him as a bond salesman shortly after. He moved to New York for training and witnessed firsthand the cutthroat, scruple-free culture that was Wall Street in the 1980s. Several months later, armed only with what he'd learned in training, Lewis returned to London and spent the next three years dispensing investment advice to Salomon's well-heeled clientele. He earned hundreds of thousands of dollars and survived a 1987 hostile takeover attempt at the firm. Nonetheless, he grew disillusioned with his job and left Salomon to write an account of his experiences in the industry. ...

... Full Biography

Other books by Michael Lewis at BookBrowse
  • The New New Thing jacket

6 more...

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

More Recommendations

Readers Also Browsed . . .

more history, current affairs & science...

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

One-Month Free Membership

Discover your next great read here

Join Today!

Editor's Choice

  • Book Jacket: Music of the Ghosts
    Music of the Ghosts
    by Vaddey Ratner
    Music of the Ghosts is about healing and forgiveness, but it is also about identity and the revival ...
  • Book Jacket: Castle of Water
    Castle of Water
    by Dane Huckelbridge
    When a whopping 24 out of 27 readers give a book 4 or 5 stars, you know you have a winner on your ...
  • Book Jacket: Havana
    Havana
    by Mark Kurlansky
    History with flavor...culture with spice...language with gusto...it would be hard to find a better ...

Book Discussion
Book Jacket
The Nest
by Cynthia D'Aprix Sweeney

A funny and acutely perceptive debut about four siblings and the fate of their shared inheritance.

About the book
Join the discussion!

First Impressions

  • Book Jacket

    Manderley Forever
    by Tatiana de Rosnay

    Bestselling author Tatiana de Rosnay pays homage to Daphne du Maurier.
    Reader Reviews

  • Book Jacket

    If We Were Villains
    by M. L. Rio

    An intelligent and captivating story of the enduring power and passion of words.
    Reader Reviews

Who Said...

There is no science without fancy and no art without fact

Click Here to find out who said this, as well as discovering other famous literary quotes!

Word Play

Solve this clue:

Y S M B, I'll S Y

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.

 
Modal popup -