Market distortions are precursors of an impending financial crisis.

Many analysts touted the mantra "Don't fight the FED" to induce people to invest.  However, these analysts do not understand true economics.  When the monetary pumping by the FED exceeds a certain threshold, the excessive money supplies will become useless and cannot save the economy.  Instead, excessive monetary policies will create market distortions (bubbles) and cause a financial crisis.

There are precursory signs in of distortions in different markets already.

http://sg-stock.blogspot.com/2020/08/the-us-property-market-is-becoming.html

The property transaction volume and average selling price are trending higher in an economic downturn and this is an aberration because the general public cannot be upgrading in a bad time.  In a normal situation, people will upgrade in good times and downgrade in bad times.  This upward trend in a downturn shows that massive hot money (professional fund) has entered the US property market.  We are also seeing this phenomenon in the stock market.

http://sg-stock.blogspot.com/2020/08/the-us-resale-car-market-is-being.html