Current Picks: Book Reviews

Boomerang: Travels in the New Third World by Michael Lewis (2011)

As a funny follow up to his book The Big Short: Inside the Doomsday Machine which examines the causes of the U.S. stock market crash of 2008, Michael Lewis’s Boomerang takes the reader on a wild ride to all the countries hardest hit by the financial crisis

Starting in Iceland, then traveling to Greece, Lewis winds his way through several countries before returning to the U.S. to offer a view of some of the most economically precarious cities and states. Each country “when locked in the dark with a lot of money,” as he puts it, chose to spend the money in vastly different ways, and a lot of it had to do with the culture of each country.

This book, which includes an interview with Arnold Schwarzenegger, is a wonderful romp through the dramatically different problems facing countries as a result of the economic crisis. Michael Lewis is the Bill Bryson (A Walk in the Woods) of economics writers, and you will be pleased to walk with him through this fun tale.
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