000 02796cam a2200349 a 4500
001 16881823
005 20240416020035.0
006 Hard bound
008 110720s2011 nyu 000 0 eng
010 _a 2011028241
020 _a9780393081817
035 _a(OCoLC)ocn668194868
040 _aDLC
_cDLC
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042 _apcc
043 _an-us---
050 0 0 _aHB3717 2008
_b.L49 2011
082 0 0 _a330.90511
_222
_bLE-B
100 1 _aLewis, Michael
_q(Michael M.)
_963632
245 1 0 _aBoomerang
_btravels in the new third world
260 _aNew York
_bW W Norton
_c2011
300 _axxi,213p.
_c22 cm
505 0 _aPreface: 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.
520 _aAs 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 piƱata 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.
650 0 _aGlobal Financial Crisis, 2008-2009.
_963633
650 0 _aInternational finance.
_963634
650 0 _aFinancial crises
_zUnited States
_xHistory
_y21st century.
_963635
856 _uhttp://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&doc_number=024559654&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
_zInhaltsverzeichnis
906 _a7
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_d1
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942 _2ddc
_cBK
_02
999 _c16277
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