Thursday, September 20, 2012

Boomerang, Debt, and Our Future

There’s really no point in reviewing a Michael Lewis book because you should just read it.

In the one that I read most recently, Boomerang: Travels in the New Third World, Lewis follows up on the ripples of The Big Short: Inside the Doomsday Machine as he takes us around the world to talk about the boom and bust..and what it means for all of us.

We visit Iceland, Greece, Ireland, and Germany, before we end up in California, trying to understand what DEBT at the scale we are currently facing.

As with all his work, the writing is engaging and it’s near impossible to put the book down.

Though he tries to end on an upbeat note (and when I say “end,” I mean basically the last 2 sentences of the whole 212 pages), it’s a pretty bleak picture.

However, it’s better to understand it than avoid it and Lewis’ book is a step in that direction.

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