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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (1430)	9/13/2000 11:10:06 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 3256

If you limit to the interest problem and speak only of GE; asset lending is multi year contracted. So it has a step ladder effect. It will average out, as it stretches out. Regarding over all effect on the economy, Greenspan only damaged his alma mater with the over night discount rate, (Chase Manhattan) so far. See news of shot gun marriage with J.P. Morgan, another wild and woolly bank(investment bank specializing in futures). Feds have been pumping the economy with cash from repos. 1st quarter, next year looks ok from here.