
If you want to sleep at night, DO NOT read Michael Lewis’s latest expose of the world financial system, Boomerang. Lewis starts in Iceland and shows how fisherman gave up their boats to be investment banks in the go-go years of 2003-2008. But, then the bottom dropped out and Iceland’s banks were ruined. Lewis travels to Greece and discovers a culture of corruption (no one pays their taxes). Default is inevitable. And when that happens, the Euro Zone will be dragged into a vortex of debt. Lewis stops off in Ireland to discover how a country famous for its poverty became rich on real estate only to be plunged back into poverty. The only country in Europe that’s solvent is Germany. Lewis explores the factors that keep them wealthy and why they’ll stop lending to the debt-strapped countries in the European Union soon. Then, the euro will unravel.
Finally, Lewis visits California (everything happens in California first) and finds California spends more money on prisons than schools. The same financial dysfunction Lewis found in Iceland, Greece, and Ireland appears to be growing in California–and by extension, all the United States. Buy guns, ammo, and canned goods! GRADE: A



The Gentlemen’s Hour is the sequel to Don Winslow’s The Dawn Patrol (which I reviewed in yesterday’s posting). Surfer Private Eye, Boone Daniels, gets involved in a murder investigation of a local surfer and an intricate real estate conspiracy. I liked The Gentlemen’s Hour better than The Dawn Patrol because Boone’s involvement in the murder investigation alienates him from his surfer friends and he’s forced to work on his own. Don Winslow ties things up a little too neatly at the end, but once again the result is a satisfying read. For another review of The Gentlemen’s Hour check out Scott Parker’s posting
I pronounced the Private Eye novel dead back in the 1990s. Yet vestiges of the genre still stagger around like zombies here in the 21st Century. Don Winslow’s The Dawn Patrol features Boone Daniels, legendary surfer, who sometimes works as a private investigator to earn the money that allows him to surf almost all the time off the coast of San Diego. Boone finds himself investigating the murder of a stripper. The murder leads to subplots involving arson and human trafficking from Mexico. At times while reading The Dawn Patrol I felt like I was reading a Doc Savage clone. Doc Savage had the “Fabulous Five” helping him out, Boone has his talented buddies in “The Dawn Patrol” helping out in his investigations. Winslow is a little too facile with the storyline, but the result is satisfying. GRADE: B 




