Semantics aside and using history as a guide, it’s really not that difficult to see where the current situation is headed.
The current situation started about 2009 when the governments around the world, especially the USA, decided there were banks too big to fail lest the world economy come to a halt. Rather than breaking the banks up into smaller banks which could not cause a systematic risk they decided to use the treasury to bail them out, putting taxpayers on the hook. The Fed, BOE and others participated in the biggest example of socialism in history. The bubble will burst again but the banks know the taxpayers have their back. 