Tim Lee has a unique insight into the workings of the stock market bubble of 1995-2000 and the implications for the future. He argues that the bubble of the dot.com era reveals far more than has been realised. Deep-seated flaws in the whole investment process used by the big fund managers are increasingly coming to light, as well as mistakes by policy makers and central banks. He suggests that in the future, inflation will return and the US dollar will inevitably collapse. Tim Lee was right at the centre of the boom and has much of value to say to professional investors as well as anybody trying to understand this and the long term consequences. INDICE Introduction: The 1990s Financial Mania in Perspective The Greatest Financial Bubble of All Time Cyclical Bubbles and Structural Bubbles The Reversion to Long-Term Value Inflation or Deflation? The Institutions' Role in the Mania What Does the Future Hold?