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Hyperink Michael Lewis' Boomerang Quicklet
Quicklet on Michael Lewis' Boomerang
Quicklet on Michael Lewis' Boomerang
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Quicklets: Your Reading Sidekick!
Never read a book alone again! Supercharge your reading with Quicklets.
Quicklets are jam-packed with information like those notes you totally copied off that geeky kid you knew back in high school.
But they’re not boring like other study guides. They keep you entertained AND informed.
You can conquer any book with your trusty sidekick. We’ve got your back :)
Quicklets: Your Reading Sidekick!
Boomerang: Travels In The New Third World started by accident. During a meeting with a Dallas hedge fund owner in 2008 for another book, The Big Short: Inside the Doomsday Machine, the investor made a prediction to author Michael Lewis that countries in the developed West would soon go bust. Two and a half years later, that prediction was becoming a reality. Countries long considered first world were becoming third world. Lewis knew that he had to write a book about what was happening.
Going to Iceland, Greece, Ireland, Germany, and then to his home state of California, Lewis describes the conditions and people that made the massive financial troubles possible. He interviews economists, politicians, public service workers, and ordinary citizens to get a full picture of what happened and what may happen in the future. Peppered throughout Boomerang is Lewis' trademark humor and cultural observations.
Published by W. W. Norton in October 2011, Boomerang reached No. 2 on The New York Times' nonfiction hardcover best-seller list within the same month. It has remained a best-seller to date. Critics have applauded Lewis' ability to make complicated financial transactions understandable and even funny.
BOOK EXCERPT
From the introduction by Karen Lac:
My Experience Reading “Boomerang”: It's Not Just Economics
As the global financial crises seem to get worse and worse, I started wondering how we got to this point. For decades, people from Central and South America, Africa, and Asia have immigrated to the United States and Europe in search of jobs and higher standards of living.
Turn on the news now, however, and it's filled with images of Greeks rioting in the streets, talk of the euro collapsing, and the realization that the U.S. is in so much debt that it may soon have to listen to China. How did rich, Western countries go from spending as if there's no tomorrow to being bust in a few short years?
I have no background in economics and am horrible at math. The beauty of Boomerang: Travels In The New Third World is that you don't need to know anything about economics. Author Michael Lewis explains these countries' financial troubles not through complicated math equationsand stock market analyses, but through keen and hilarious observations of their cultures and people.
Lewis took me on a journey to countries now facing severe financial challenges: Iceland, Greece, Ireland, and Germany. I never thought that a country's supposed obsession with feces could somehow explain their financial mess but this book proved me wrong.
Lewis' own home state, and that of mine as well, is not exempt from his examination. He brilliantly explains why California, home to multimillionaires and some of the richest companies in the world, has a problem paying its bills. Toward the end of the book, I expected to feel hopeless but the exact opposite happened. Like many of the people that Lewis talked to during his journey through the new third world, I still held out hope.
...To be continued!
Quicklets: Your Reading Sidekick!
Never read a book alone again! Supercharge your reading with Quicklets.
Quicklets are jam-packed with information like those notes you totally copied off that geeky kid you knew back in high school.
But they’re not boring like other study guides. They keep you entertained AND informed.
You can conquer any book with your trusty sidekick. We’ve got your back :)
Quicklets: Your Reading Sidekick!
Boomerang: Travels In The New Third World started by accident. During a meeting with a Dallas hedge fund owner in 2008 for another book, The Big Short: Inside the Doomsday Machine, the investor made a prediction to author Michael Lewis that countries in the developed West would soon go bust. Two and a half years later, that prediction was becoming a reality. Countries long considered first world were becoming third world. Lewis knew that he had to write a book about what was happening.
Going to Iceland, Greece, Ireland, Germany, and then to his home state of California, Lewis describes the conditions and people that made the massive financial troubles possible. He interviews economists, politicians, public service workers, and ordinary citizens to get a full picture of what happened and what may happen in the future. Peppered throughout Boomerang is Lewis' trademark humor and cultural observations.
Published by W. W. Norton in October 2011, Boomerang reached No. 2 on The New York Times' nonfiction hardcover best-seller list within the same month. It has remained a best-seller to date. Critics have applauded Lewis' ability to make complicated financial transactions understandable and even funny.
BOOK EXCERPT
From the introduction by Karen Lac:
My Experience Reading “Boomerang”: It's Not Just Economics
As the global financial crises seem to get worse and worse, I started wondering how we got to this point. For decades, people from Central and South America, Africa, and Asia have immigrated to the United States and Europe in search of jobs and higher standards of living.
Turn on the news now, however, and it's filled with images of Greeks rioting in the streets, talk of the euro collapsing, and the realization that the U.S. is in so much debt that it may soon have to listen to China. How did rich, Western countries go from spending as if there's no tomorrow to being bust in a few short years?
I have no background in economics and am horrible at math. The beauty of Boomerang: Travels In The New Third World is that you don't need to know anything about economics. Author Michael Lewis explains these countries' financial troubles not through complicated math equationsand stock market analyses, but through keen and hilarious observations of their cultures and people.
Lewis took me on a journey to countries now facing severe financial challenges: Iceland, Greece, Ireland, and Germany. I never thought that a country's supposed obsession with feces could somehow explain their financial mess but this book proved me wrong.
Lewis' own home state, and that of mine as well, is not exempt from his examination. He brilliantly explains why California, home to multimillionaires and some of the richest companies in the world, has a problem paying its bills. Toward the end of the book, I expected to feel hopeless but the exact opposite happened. Like many of the people that Lewis talked to during his journey through the new third world, I still held out hope.
...To be continued!
Quicklets: Your Reading Sidekick!
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