This site will look much better and function properly in a browser that supports web standards.

bookbuffet: the one-stop web resource for book groups
Cover Image of The End of East by Jen Sookfong Lee published by Vintage Canada
Cover Image of The Handmaid's Tale by Margaret Atwood published by Emblem Editions
Cover Image of Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics) by Charles P. Kindleberger et al published by Wiley
 
bookbuffet features
 

Boomerang: Michael Lewis Takes On The Globe

abstract:Michael Lewis, author of The Big Short has a new book out that essentially takes TBS on a world tour. Boomerang: Travels in the New Third World is Lewis's take on how the world financial markets got caught in the financial crisis. He devotes a chapter each to Iceland, Germany, Greece and Ireland and asigns sweeping character assessments to explain their investor Gestalt. Forbes says "[Boomerang] demystifies Germany's role in the global debt calamity." Jackie McNish at the Globe and Mail says, "In Boomerang, a travelogue through the globe’s economic ruins, Lewis takes us into the lives of the hapless and misguided government officials, bankers and speculators who stoked the 2008 financial fires we wishfully and wrongly believed had been doused by massive government bailouts. Turns out, taxpayer dollars only stalled the carnage. Like a boomerang, the crisis is now swinging back with a vengeance and this slight, poignantly humorous 212-page book tells even the most informed student of global economics why it was inevitable." Check out Lewis's interview on You Tube with PBS economics correspondent, Paul Solman at this cozy little European-style restaurant in Washington, DC. What I love is how Lewis pokes a stick in the eye of all the people who he says thought they could beat the system. He says they were that guy in a dark room sitting next to a wad of money. Who could resist? They all knew what they were doing, and they handled it in their own stereotypical way. Don't take offense. The world tour's last stop is America, where Lewis claims that Americans, adept at re-inventing themselves without the fear of a European-like stigmata post-bankruptcy will use their "stories of woe" to rise pheonix-like out of the current world quagmire. My stock portfolio could use a little boost - thanks Michael..

article:

October 26, 2011


 

 

Social Bookmarks
analytics
home |  about |  buy books |  contact |  help |  legal |  media & press releases |  privacy |  reviewers & authors |  sitemap | 
tell a friend
 
© 2017 BookBuffet LLC
 
using bookbuffet
about book groups
online discussions
links & resources
find a book store
book archives & research