7.1 C
New York
Tuesday, December 1, 2020
Advertisement

Boom Bust Boom (TheaterByte Movie Review)

boom-bust-boom-posterNarrated by Monty Python member Terry Jones, Boom Bust Boom is not only a history of previous financial crashes, but it’s also a lesson in how not to repeat the mistakes of the past. But it’s human nature to do so, as according to Jones it drives the economy from crisis to crisis time and time again. Jones says that every generation think it’s smarter than it’s parents and grandparents, but are they?

Several talking heads discuss the world’s financial markets and the economy and what’s been missed and what’s ahead. Actor John Cusack, along with Nobel Prize winners and the Chief Economist of the Bank of England bring real urgency and knowledge to the documentary, and it’s Jones’ authoritative voice (and well-written script) that seals the documentary’s credibility in explaining it’s subject matter.

Ours (and our parents and grandparents) have never had to live through a 1929-like crash and a 1930’s great depression. We’re lucky we are cleverer now and should know how to avoid these types of accidents, but Jones raises the question – are we?boom-bust-boom-still

Economist George Magnus points out that in 1928 under U.S. President Calvin Coolidge the U.S. had the highest record of prosperity, but look what happened the next year. Magnus then points out that in 2006 all thought that the economy was healthy and vigorous, but what nobody knew was that the worst crisis to hit a western economy in decades was just around the corner — the subprime crash where banks lent money to people to buy houses who couldn’t afford them. Banks were basically issuing so-called ninja loans — no income no assets — where banks would earn fees and then the investment banks would in turn make money after repackaging mortgages and selling them on. This crisis led to the collapse of Lehman Brothers. It also led to the rescue of several U.S. banks who received money from the U.S. government: about $300 billion was lent to Citibank in the way of loans, AIG received $180 billion, Bear Stearns was taken over by JP Morgan for a song, Merrill Lynch was absorbed by Bank of America, and RBS was rescued by the UK government to the tune of £30 billion.

Boom Bust Boom, written by Jones and Theo Kocken, gives us a short history of financial crises starting from the 1562 tulip crises in Denmark to 2008’s mortgage crisis. It’s an excellent documentary that rises above the recent The Big Short which used caricatures and celebrities to tell its story. This documentary should be mandatory viewing for anyone who works in the financial industry.

Boom Bust Boom (TheaterByte Movie Review)
4 / 5 TheaterByte Rating
{{ reviewsOverall }} / 5 Users (0 votes)
Bill and Ben ProductionsStudios & Distributors
UK:12ARating Certificate
USA, UK, NetherlandsCountry
EnglishLanguage
74 Mins.Run Time
2:35:1Aspect Ratio
Bill Jones, Terry JonesDirector
Terry Jones, Theo KockenWriter
11 March 2016Release Date
The Film
Summary
Boom Bust Boom is a must-see documentary about financial crises past and present.
What people say... Login to rate
Order by:

Be the first to leave a review.

User Avatar User Avatar
Verified
{{{ review.rating_title }}}
{{{review.rating_comment | nl2br}}}

This review has no replies yet.

Avatar
Show more
Show more
{{ pageNumber+1 }}

Advertisement

Related Articles

FX Original Black Narcissus (TV Series Review)

A buttoned-up remake of the classic 'Black Narcissus' in the form of a 3-episode series that portrays the physical and emotional struggle of English nuns to establish a school in a remote palace in the Himalayas.

Perry Mason: The Complete First Season (Blu-ray Review)

A complex neo-noir origin story for the famous criminal defense attorney gets a gorgeous Blu-ray release from Warner Bros.

Popeye: 40th Anniversary Edition (Blu-ray Review)

An excellent release on Blu-ray of this long maligned but still fun to watch film.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

301FansLike
0FollowersFollow
724FollowersFollow
- Advertisement -

Notice of Compliance with FEDERAL TRADE COMMISSION 16 CFR Part 255

In accordance with the Federal Trade Commission 16 CFR part 255 guidelines, this website hereby states that it receives free discs and other theatrical or home entertainment “screeners” and access to screening links from studios and/or PR firms, and is provided with consumer electronics devices on loan from hardware manufacturers and/or PR firms respectively for the purposes of evaluating the products and its content for editorial reviews. We receive no compensation from these companies for our opinions or for the writing of reviews or editorials.
Permission is sometimes granted to companies to quote our work and editorial reviews free of charge. Our website may contain affiliate marketing links, which means we may get paid commission on sales of those products or the services we write about. Our editorial content is not influenced by advertisers or affiliate partnerships. This disclosure is provided in accordance with the Federal Trade Commission’s 16 CFR § 255.5: Guides Concerning the Use of Endorsements and Testimonials in Advertising.

Latest Articles

FX Original Black Narcissus (TV Series Review)

A buttoned-up remake of the classic 'Black Narcissus' in the form of a 3-episode series that portrays the physical and emotional struggle of English nuns to establish a school in a remote palace in the Himalayas.

Perry Mason: The Complete First Season (Blu-ray Review)

A complex neo-noir origin story for the famous criminal defense attorney gets a gorgeous Blu-ray release from Warner Bros.

Popeye: 40th Anniversary Edition (Blu-ray Review)

An excellent release on Blu-ray of this long maligned but still fun to watch film.

The Hobbit: The Motion Picture Trilogy (4K Ultra HD Blu-ray Review)

The Hobbit: The Motion Picture Trilogy is arriving for the first time on 4K Ultra HD remastered in Dolby Vision and overseen by Peter...

TheaterByte’s Holiday Gift Guide for 2020

Let’s focus on the donut here: BEST Home Entertainment Holiday EVER.
%d bloggers like this: