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. Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious--right up until we understand the reckoning that awaits the greatest and greediest of debtor nations: the United States.
Editorial Reviews
"Michael Lewis possesses the rare storyteller's ability to make virtually any subject both lucid and compelling. . . . Combining his easy familiarity with finance and the talents of a travel writer, Mr. Lewis sets off in these pages to give the reader a guided tour through some of the disparate places hard hit by the fiscal tsunami of 2008, like Greece, Iceland and Ireland, tracing how very different people for very different reasons gorged on the cheap credit available in the prelude to that disaster. The book based on articles Mr. Lewis wrote for Vanity Fair magazine is a companion piece of sorts to The Big Short: Inside the Doomsday Machine, his bestselling 2010 book about the fiscal crisis. . . . Mr. Lewis 's ability to find people who can see what is obvious to others only in retrospect or who somehow embody something larger going on in the financial world is uncanny. And in this book he weaves their stories into a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today 's headlines about Europe 's growing debt problems and the risk of contagion they now pose to the world. —Michiko Kakutani, New York Times
"Lewis’s rare gift as a guide through the world of credit default swaps and sovereign debt doesn’t come simply from his deep understanding of how the global financial system works . . . but also from his skill as a storyteller, his ability to tell the larger tale through fascinating human stories of greed, excess, and self-delusion." —Chuck Leddy, Boston Globe
"Lewis is the finest storyteller of our generation." —Malcolm Gladwell, The Week
"The more complicated the times, the. more crucial are those who demystify. These are really complicated times. So let's acknowledge the endearing, enduring genius of Michael Lewis: the Explainer." —Kyle Smith, Forbes
About the Author
Michael Lewis is the best-selling author of Liar’s Poker, Moneyball, The Blind Side, The Big Short, and The Undoing Project. He lives in Berkeley, California, with his wife and three children.
