TY  - BOOK
AU  - Lewis,Michael
TI  - Boomerang : travels in the new third world 
SN  - 9780393081817
AV  - HB3717 2008 .L49 2011
U1  - 330.90511 22
PY  - 2011///
CY  - New York 
PB  - W W Norton 
KW  - Global Financial Crisis, 2008-2009
KW  - International finance
KW  - Financial crises
KW  - United States
KW  - History
KW  - 21st century
N1  - Preface: The biggest short -- Wall Street on the tundra -- And they invented math -- Ireland's original sin -- The secret lives of Germans -- Too fat to fly
N2  - As Pogo once said, "We have met the enemy and he is us." In this book the author offers a scathing assessment of fiscal blunders in foreign lands, and details how economic repercussions are sure to be felt on American soil. Financial bubbles grew and burst, not only in the U.S. but in countries as diverse as Iceland, Germany, and Greece. Mixing humor with prescient insight, he depicts a precarious situation that demands attention. 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 piñata 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. This investigation of bubbles beyond our shores is so 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, D.C., 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. - Publisher
UR  - http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&doc_number=024559654&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
ER  -