Boomerang is a book by Michael Lewis. He wrote “The Big Short,” which was made into a movie that I highly recommend watching about the housing bubble in the early 2000’s that led to the market crashing, and the story of the few people who knew what was going to happen before it did. I remember that time. It devastated many people I know, including my father. However, the story of what was going on in the rest of the world rarely got told. You know…that whole world that we forget exists outside of the USA? This book is the story of that.
Blowing up your own car for car insurance? Over 50 percent of an entire population of a country refusing to pay any taxes? What about a country building twice as many new homes as it has citizens to create a fake booming housing market to obtain loans, loans in which they borrowed from…themselves? This was happening in countries around the world and Michael Lewis details it all.
I knew the countries detailed in this book were struggling countries. Take Greece, we all heard when they were going bankrupt as a nation, but I never knew how it happened. This book gets into all the details. The financial lessons from it are great, and the stories told are so good that they will keep you turning the page.
If you are interested in finances, learning about other countries, or your a fan of odd stories and little known facts, you’ll love this book.
I’ll be leaving review of other Michael Lewis books, but with the exception of “The Big Short,” this is by far his best book.
You can purchase the book here: Boomerang – Amazon.com