Travels in the New Third World

Downloadable Audiobook - 2011
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Lewis 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, Lewis depicts a precarious situation that demands listeners' attention.
Publisher: Prince Frederick, MD : Recorded Books, [2011]
Edition: Unabridged
Copyright Date: ℗2011
ISBN: 9781464021763
Branch Call Number: EAUDIO OVERDRIVE
Characteristics: audio file,rda
1 online resource (1 audio file, 7 hr., 15 min.)

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Dec 13, 2012

Boomerang could be Lewis' unofficial sequel to his prior book, The Big Short, given that he's now looking beyond Wall Street at the effect of the global financial crisis on specific countries. Those earning a bit of scrutiny are Iceland, Greece, Ireland, Germany and California (not a country, obviously, but has a GDP that rivals one).

Excellent journalism here, but not as engaging as The Big Short unless you follow the confusing language of global finance. The narrative does get stronger with each successive chapter so give it time to grab your attention.

Feb 26, 2012

This is the CD version which seems to bring the essence of the financial crisises in Iceland, Ireland, Greece, the USA and Germany to focus. Just too much info. But, the emphasis is that governments have not done their jobs (elected officials especially). Some have committed frauds (not paying taxes), greed of both policitians and especiallyi civil servants (USA, Greece). Hubris of extremely inexperienced and foolish youth and men. One could go on and on. Its so disgusting to read/hear, one cannot help but feel no remorse for these failed countries, for that is what they are. A definite read.
As a footnote; anyone castigating paying taxes, or excusing an unbalanced municipal, provincial, or Federal budget should do a definitely will change you mind. Greece has many copiers (California for one).


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