I was at the Thorpe Park rollercoaster theme park recently and encountered a ride called ‘X – No Way Out!’
It’s a rollercoaster ride which takes place in darkness, where the cars ride backwards. And there is no way out.
I was reminded of this ride today, by Detlev Schlichter’s piece on the ECB’s continuing ‘expansion of its balance sheet’ (a.k.a. printing money).
See if you can spot the similarities, too: