Hippies v Hipsters

Max and Stacy warn hipsters, “Don’t let the hippie man keep you down.” As the intergenerational baton is passed to a bigger voting bloc called ‘Millennial’, they look at the economic consequences to all the Ponzi and pyramid schemes which worked well for the Boomers. Max interviews Wolf Richter about the real numbers behind US income data and Germany’s export plunge. They also discuss whether or not Deutsche Bank can survive these days of major fines.