"the “Minsky moment” when both borrowers and lenders generally flip from under-pricing to overpricing risk, from reckless risk-seeking to risk aversion, from gorging on debt to starving."

there it is again

RISK

and now its taking qualitative  all of a sudden all at once masses of unit mind set leaps

here the nytro word
gets thrown around by jared
 the scary stalking  brute of georgetown nites
and
 thrown around like its just nutty putty

whether it explodes or not
we're in that spooky realm again
where enough of the decider/actor agents
thinking it so
makes it so

the now classic but fidc extinguished bank  runs
 of the early pre roosevelt 30's
comes to mind