Boomerang: Travels in the New Third World Book Reviews

AUTHOR
Michael Lewis
SCORE
4
TOTAL RATINGS
2,004

Boomerang: Travels in the New Third World by Michael Lewis Book Summary

“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.

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. 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.

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Book Name Boomerang: Travels in the New Third World
Genre Economics
Published
Language English
E-Book Size 1.42 MB

Boomerang: Travels in the New Third World (Michael Lewis) Book Reviews 2024

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Great read.. Great book.....this and the Big Short gave me great insight into what happened in the financial meltdown of 2007--2012. Jim Carns

Boomerang. Lewis is a fine writer, especially about finance, but this is not his best work. Pretty disjointed. From Greece to Iceland to Ireland to Germany to Meredith Whitney to California with little to connect them except financial incompetence and greed. And no way out. The Big Short was better.

Boomerang. Three brilliant yet simple explanations in a row of what went wrong with our financial system: Liar's Poker, The Big Short and now Boomerang. An invaluable and highly-entertaining guide to understanding some of the fiscal mess we are in - a critical first step in trying to clean it up! Bill Cowie Connecticut

Boomerang. If your frustrated with the financial collapse in the U.S and how it left someone as small as yourself facing a longer time till retirement; then see how the rest of the world is being left to deal with their collapse. You have to laugh sometime and why not at the rest of the world's hindsight.

A must read in these times.. If you care at all about the future of America - without hyperbole - you need to read this and then get the folks in Washington who are busy thinking about their own short term political goals instead of the long term survivability of our country to read it and act or vote them out.

Boomerang. Michael Lewis puts into the simplest terms the new crisis that ails America. I think every American should be forced to read the final chapter of this book "to fat to fly." Americans must become more knowledgeable about the reality's we face in the future. I encourage everyone who would like to learn more about the new financial crisis we face to read this book!

Informative for the layman. I always enjoy how Michael Lewis can explain how things work or why the economy is as it is without having to use academic economic jargon. This book is an informative tale of how the economic crash of 2008 affected other parts of the world and them returns right back home to reflect on ourselves.

Boomerang. A must read for anyone trying to figure out how we got into the financial mess we are in at the moment.

Fascinating Read. Explains in simple english, causes for the crises in several nations and rounds out with how much of a hole we are in as a nation…

Must read. Yet again, Lewis brings life and clarity to an otherwise dismal and impregnable subject. The characters are thoughtfully chosen and almost uniformly appealing. A quick read with a clear (and rather troubling) thesis.

Boomerang. An easy, yet worthwhile read. Especially helpful for those with a limited background in the interrelationship between national economies.

Boomerang. Couldn't put it down. A highly entertaining-must read! A wonderfully told investigative effort of short but interconnected vignettes explaining the financial crisis of 2008 in a incredibly fresh manner. This book is as insightful and thought-provoking as Jared Diamond's works explaining how the world came to be, made all the more fascinating by the author's genuine gift of incorporating humor and irony to the story-telling. Don't hesitate, just buy it.

Not Lewis's best work. Still worth the read, and certainly a good book, but mr. Lewis has set the bar exceptionally high!

Too short.. I'm left wanting more

Moderate. Lots of stuff are irrelevant from the main point. Nice reading though. The ending is way toooopop fast.

Exhilaratingly insightful. Well worth the read!

Boomerang. Very good book that I could not put down, but it was not Michael Lewis' most entertaining offering.

Insightful. This had more knowledge of the current economical crisis the world is facing than sitting watching CNN. It has the root causes of why these countries are in the situation they are in and how each countries culture and history has influenced their decisions and actions. It's an easy read for a book dealing about finance.

What an excellent book!. It's short and easy to read but says a lot.

Excellent book - a must read!. Folks, if you want to understand what went down in Europe and how the obvious wasn't obvious enough to prevent a meltdown, well this is a book you must read! Easy read and not technical at all! Very inspirational from a strategy standpoint.

Great writing...but not a whole lot of new material. This book is entertaining, as expected. However it was lacking any depth in the subject matter.

Boring. Loses the point in historical rhetoric

Boomerang. This book is an excellent overview of how the world leveraged it's future. I would recommend this book to anyone interested in learning about why we can't solve our problems by borrowing more money.

Excellent read. Michael Lewis has done a wonderful job of outlining the quagmire we have all gotten ourselves into. At the end he makes it clear that we each must take personal responsibility for this. Working together to find a creative solution is our only hope.

Boomerang. Michael Lewis gives a very readable and clear account of how the current financial crisis unfolded, not as a sudden collapse, but rather as a series of events in many different countries over a period of time. Each country gets its own chapter, and this works great until he comes to Germany. Lewis then gets sidetracked into a character assassination of the German psyche, using well-known expressions involving certain bodily functions to support his thesis, expressions all of which have counterparts in our own (American) language, BTW. This section seems unfounded and unsupported and it undermines the credibility of the rest of the narrative, which seemed so clear up to that point. Still, it is a good read and I came away feeling that I had a much better understanding of how it all developed, that it didn't start with gross misconduct by our own bankers (who got off Scott-free compared to the Germans, who paid a price) but that it went back at least to the financial debacle in Iceland (remember that one?) and that cheating the system is apparently endemic in some cultures who deceived their way into the EU and even now seem to be clueless as to how they got there.

Digging for the Truth. Michael, Thank you for writing about the things bubbling under the surface. And showing the depth of the water we are treading....surrounded by banksters and educated idiots enflammed with instant gratification. Old school rules! Save the money and pay cash, let some other fool leverage himself into oblivion.

Great Read. I think Americans tend to view their plight as the only thing that matters. This book doesn't offer a lot of partisan criticism, just some very personal stories that highlight the European part of the financial crisis, and a couple from America. I'd recommend this for anyone who has a passing interest in politics, finance or human nature!

Classic Michael Lewis. More in the style of his classic Liar's Poker and less Moneyball, this is a great and entertaining read. Lewis' own observations are priceless and he does a great job of answering the question of what the world did when the lights went off in the room with a pile of money. Each country behaved differently and in entertaining ways.

Entertaining but pointless. Great illustrations of various financial collapses, wrapped in culture biased antidotes. However, the book really does not build a case or make a point. It is like reading the first half of c s Lewis....a great backdrop is painted but the main characters never finish their journey. That said, read the book. It is worth 3 hours of your time to add perspective to the financial condition of our time.

Fun, but not great. Liked it, but not mind blowing.

Good read, a bit short. I enjoyed 'The Big Short' and found this to be an interesting sequel. It's a candid look at the entitlement society our entire world has succumbed to. Mr. Lewis offers no answers, but he doesn't pretend to have them - he is simply trying to expose the faults of our society that allowed our international financial situation to become so screwed up. If I had one criticism, it's that the story ends abruptly. It's a good journey, but I'm left with no idea of where this might take us in the future. Guns and gold? War? Break-up of the Euro and global defaults? Or will time heal all our wounds?

Lewis makes economic issues human. While I think The Big Lie was a bit more focused, I liked this book and believe it offers valuable insight into economic and political events happening this week. It is a good compliment to the first book and will be especially appreciated by those that read it first.

One of his best. Great follow up to Big Short

Every voting Citizen should read Boomerang. Every American citizen entitled to vote should be required to read this book. It clearly summarizes that we are a nation of addicts who cannot delay gratification and are sold political dope by the two main political parties, the Democrats and Republicans. Americans are emptying the teapot, and if we don't wise up and do the grown up things, which is the logical long term thinking and action, instead of buying the pandering pablum peddled by both the Republicans and Democrats. A great book that explains our present ecconomic situationd and the foreshadowing that we have more pain to come.

Boomarang. A very easy to read and entertaining book. Many of the stories resonated well in what is happening around the developed part of the world. The basic theme is most folks in have lived way beyond their means and no sure how we can fix that.

Quick but worthwhile. What makes Michael Lewis's books so readable is his ability to describe people through their idiosyncrasies and motivations with a humorous filter. Here he does the same with entire nationalities of people and doesn't miss a beat. If you liked The Big Short then this one is a great follow-on. It's a bit quick (yearns for more) and seems abruptly concluded but certainly worthy of the cash in your pocket (even if you don't have it to spend).

That's It?. I'm a huge Lewis fan and would read most anything he authors but I'm feeling a little empty handed after reading Boomerang. Interesting stories he offers but skinny on conclusions, no real or meaningful ending. Kind of like he went on a few trips, talked to some people and wrote off the trip on his taxes and legitimized it by writing a book.

Excellent. It will be interesting to take a look at Venezuela with out the oil

Wow!. A little scary when you think about the content but a great read.

Super Relevant. I am always amazed when a book -- a snapshot in history -- can parallel contemporary headlines in a way that brings a greater perspective, greater understanding to what's happening tomorrow. I'm grateful for having read it. I have incredible clarity now on a issue that has been incredibly difficult to understand. GJ

Very insightful!. Read this book in about 3 days. Very interesting and somewhat scary looking at the way politicians in the US seem to be doing nothing to change the way things are. Follow the money, the selfishness, the short term gratification and we will soon be like Iceland, Ireland, Greece!

Not enough info. Not what I expected, I thought it was going to be more about Wall Street investments than some insufficient conclusion, I think he didn't even get to the real story to begin... There should be more to it...

Perfect. Reads like fiction, but it's not. Be scared, sheeple.

Boomerang. Not one of his best efforts.

Very Interesting "read". This is the only book I've "read" on the topic and my first from Mr. Lewis. I don't agree with some of his broad generalizations about the people and cultures of the countries he covers. And since it's the first book I've "read" on the topic, I can't state how accurate it is. Having said that, I found the book very interesting and easy to listen to. The financial facts did seem agree with what I've heard on various news programs. He seemed to pretty objectively represent the facts as he sees them. This is a very complex topic. So, I'm sure you can find other books with different points of view. He takes a couple of tangents in the book that seem somewhat unrelated and not really relevant (German sayings for example). But these are at least interesting. I liked the book and would recommend it. Keep in mind this isn't a Hollywood screenplay....there is no happy ending. But that's not Mr. Lewis's doing.

i finally understand the financial collapse. a colloquial, easy read that finally explains the financial collapse in Europe and America. Interesting characters and stories bring visual clarity into an otherwise confusing part of history. This is a surprisingly fun read.

Right on. Michael Lewis has a writing style that captures the human aspect of the financial life we all share. I wish more politicians would read and head.

Great Read!!!. Very I interesting view of the economic crisis. Well written and very entertaining!

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Summary of Boomerang: Travels in the New Third World by Michael Lewis

The Boomerang: Travels in the New Third World book written by Michael Lewis was published on 03 October 2011, Monday in the Economics category. A total of 2,004 readers of the book gave the book 4 points out of 5.

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