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Boomerang Book Report

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Submitted By schen12
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Book report
Boomerang: travels in the new third world

International business finance
By:Chen Sibo
2013/12/5

There is a point that what you get is depending on what you did in Chinese culture. If you try to do something, you have to consider what you would be charged. The book Boomerang, to an extent, agrees the point without prior consultation. The American author Michael Lewis used a metaphor for Europe’s financial crisis. He points that several European countries’ crisis come from their non-standard financial operations. It is just like a bad boomerang player hurt by himself.
Boomerang is written in the form of travel. However, this is not a normal travel: the author contacted with a variety of characters, including national dignitaries, currency traders, tax officials, monks involved in the event of fraud, real estate developers, firefighters affected by the financial cuts, etc. From a local all aspects of the system, culture, history, etc., the author tried to find the underlying causes of the financial bubble. Because he had worked on Wall Street before, Lewis is extremely familiar on the operation of the financial system. His humorous writing makes it interesting to read the story. At the same time, the story contains a lot of meaning. After reading this book, I have not only more intuitive understanding on European financial crisis, but also been more vigilant about how to participant financial operations.

Iceland: banks hurt the country The author believed that the tragedy of Iceland depends badly on the culture. There are fishing and pirate career Icelandic men traditionally. It causes Icelanders have very adventurous character. They are not afraid of bad weather fishing. Others did not dare to sea, they are still fishing. In contrast, they feel it is too easy to engage in finance. Many fishermen, without any training, dare to work in

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