A review by riotofone
Boomerang: Travels in the New Third World by Michael Lewis

4.0

The mark of an expert storyteller, in my mind, is the ability to manufacture interest in a topic that would inspire slumber otherwise. Michael Lewis, at least for me, never fails to do this when he write about the financial markets. In this sense, Boomerang falls right in line with his other books on the subject, Liar's Poker and The Big Short (both of which I would also recommend highly). What I enjoyed about this book is the connection Lewis makes to the socio-political cultures of the countries he's covering (Iceland, Greece, Ireland, Germany, and the US via California). Boomerang drives home the point that the woes of our financial markets and the political culture that enables their knavery stems from the very human desire to pursue short-term gains in ignorance of long-term consequences. This book, refreshingly, frustrates any attempts at fingerpointing or blameshifting. The excellent journalism of Lewis in this book is a mirror. What it reflect back is chilling, but that only means Lewis has done his job.