welcome back to the kaiser report i'm max keyser time now to go to san francisco and talk with wolf richter of the testosterone pit where truth comes home to roost wolf is author of big like cascade into an odyssey and has been involved in business and finance for over twenty years wolf welcome to the kaiser report thank you for having me max it's all right wolf richter you recently wrote about the fact that the wine bubble has burst this is what caught my eye because a lot of these alternative markets and indexes are out there and they reflect different aspects of the economy and they're used to glean information about which way things are going in the wind index is probably not well understood now tell us about the wind bubble and then what these constant bubbles tell us about the overall global economy so to speak to the fact that we're into this cereal bubble economy right a bubble or curs because it's too much money out there chase assets and so they plow into a new asset class like wines and we've china above of going on for ever so the chinese have become wealthy. servant central ban