This an equity ETF, not some futures mess like the U.S. Natural Gas Fund (NYSE: UNG).
The resulting mess could eventually cost the U.S. and its partners much more in lives and cash to clean up than is generated from the current technology sales.
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You'd think that export-heavy aerospace, of all U.S. industries, would be immune to problems radiating from the U.S. subprime mess.
Back then, some pundits said a federal funds cut would only be bailing out the Wall Street firms, hedge funds and others that had gotten the U.S. markets into this credit mess to begin with.
If the U.S. economy is to survive the current mess BAC must survive along with it.
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The U.K. is about the only country in this mess that has already taken the bitter pill of realignment.
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That means more melting ice in the Arctic, dumping fresh water into the salty sea and making a mess of the all-important Gulf jet stream, which makes northern U.S. habitable.
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Instead, there will be political pressure in the U.S. for us to wash our hands of the mess and run for the exits.
The U.S. economic recovery is weaker than expected and the fiscal mess in Washington continues with no fix in sight.
Here, they were called in to investigate bogus offshore insurance companies that sold bogus insurance policies to U.S. companies, and through that investigation stumbled on this mess.
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And there are serious financial problems still to be resolved including on-going sovereign debt issues in Europe, the budgetary mess in Washington, continued weakness in American residential housing, and a seriously overextended U.S. commercial real estate sector.
U.S. officials will talk about spurring economic growth to lift the country from this mess.
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