Boomerang, by Michael Lewis

What you do comes back to you. That’s what I took as the underlying theme of Boomerang[i]. I’ve tried to throw one a few times myself, but could never get the thing to work.

Boomerang highlights the circumstances leading up to and following the financial turmoil of 2008. Michael Lewis interviews people in Greece, Ireland, Germany, and the United States. I found the sections on Greece and California particularly interesting. The interviews are interesting and have a raw appeal, swearing and all. The personas come through the pages.

While statistics are given, the book covers the culture and habits that lead up to overstretching financial systems. It shows how the expectations of individuals, banks, and government brought about huge financial deficits in different ways in different economies.

The writing style of this book makes it kind of fun to read.

Posted by: Tahric Finn



[i] Michael Lewis. (2011). Boomerang: Travels in the New Third World. New York: W.W. Norton & Co.ISBN 0-393-08181-7

 

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