Financial Meltdown_ The Calm Before Chao

Are we really in a Financial meltdown? It sure seems like it to me, an educated non-economist. And at this very moment, I believe we are in what can best be called a “false lull” or deceptive calm before a major financial setback, either a recession or possibly a full depression. The full economic consequences of current policies — especially tariffs, debt expansion, and monetary tightening/loosening swings — are still building like storm clouds. It is IMO not an "if," but a "when and how bad." Most people knowledgeable in this area seem to think that there are fundamental structural weaknesses accumulating under the surface. Collapse may not happen tomorrow, but the conditions are ripening. What are the causes?