||[Oct. 12th, 2011|04:53 pm]
Boomerang: Travels in the New Third World by Michael Lewis
My rating: 3 of 5 stars
I'm becoming somewhat of a Michael Lewis fanboy, and I enjoy reading about the recent financial crisis. So why didn't I enjoy this book more?
One reason is that it felt pretty disjointed. There are five chapters, each covering a different country. (and California :-) ) Lewis's thesis is that what each country did with mountains of cheap credit is a reflection on what they really wanted as a country. This is interesting, but it means that each chapter only relates to the previous one as an example in contrast. Plus, I had read almost three complete chapters in excerpts in various magazines, so not a lot was new to me.
I liked The Big Short because it helped me understand (part of) what caused the financial crisis, but this didn't do the same for me. I guess I understand some countries a little better, and the book is relatively entertaining (Lewis is definitely a good writer), so I don't recommend against reading it...just don't get your hopes up.
(paper book, available for lending)
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