[judgardner]

Another term for a Loony Tunes Moment is a Minsky Moment[0]

[0] https://en.wikipedia.org/wiki/Minsky_moment

[NeedMoreTea]

Thanks! I hadn't come across that before.

I think I quite like Dr Minsky: "Dr. Hyman Minsky, who noted that bankers, traders, and other financiers periodically played the role of arsonists, setting the entire economy ablaze".