If there's one thing the Federal Reserve Board of the United States is not known for, it's assertive language. After all the obfuscation and verbal sidestepping, Fed speak is usually as easy to comprehend as Marlon Brando's Godfather character Don "Mumbles" Corleone.
As the euro clings to the guardrail of a 7- (no, wait) 9- (Doh! there it goes again) now 11-year low, debate over the future of the eurozone's currency rages on. And in the mix, the ultimate four-letter FOREX word just reared its ugly head: PARITY.
As early as 2011, our analysis warned that Europe's deflation was coming and here's why. For the economies of Europe, the past few months have felt like one long ice-bucket challenge that never ends: A perpetual state of shock induced by the bone-chilling fact that deflation "...has become a reality in many European countries.