Enjoyed this book as well. Loved the story about how the fishermen of Iceland who had thought they were qualified to become investment bankers, and the women trusted them to provide because thats what they had been doing, and then they destroyed the economy and the women had to take everything over.
Who knows—-I might get lucky and marry an incredibly smart woman, who will then pass off her big-brain genes to our children. If that’s the case, I want to feel secure in explaining to my five-year-old what triggered the fiscal collapse in 2008, if he should ever ask. I have a decent grasp on what happened here in the US, but questions like, “Daddy, how did Greece go bankrupt?” or, “Daddy, what’s European Sovereign Debt?” would have me furtively reaching for my iphone. Michael Lewis does a great job here explaining just what happened across the pond in language that anyone could grasp. It was fascinating to read about how decisions in Dusseldorf to lend money to Goldman Sachs in New York had disastrous effects for residents in Vallejo, CA. Or why Germans still rue the day they gave up on the deutschmark. My five-year-old will never ask me about these things, but Daddy should know about them anyway.
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greghills reblogged this from bodylanguages and added:
Enjoyed this book as well. Loved...the fishermen of Iceland who had thought they were...
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