Boomerang by Michael Lewis
9.5 out of 10What do people do when interest rates are low and money is cheap? Tough Icelandic fishermen become bankers. Irish construction developers build and build. The Greek government no longer records its expenses and hardly bothers to collect taxes. The Germans take the long bet on toxic American sub-prime mortgage bonds. California ratchets up public employee benefits. It seems as if everyone has their eyes on a short-term prize... Oops.