Why will it happen before 2020?
It's unsustainable growth, and I'm afraid the crash is going to happen sooner rather than later.
Will it be as bad as in 2008? I don't know. But it's going to hurt (except if you're wealthy enough to invest heavily right after and ride the wave back up again).
Stuff we actually need like housing, healthcare (in the US), and education have been rising faster than 2%.
Assets too like stocks have risen much higher as well.
QE was a reaction and counterpressure to low rates, not the cause.