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One of the key, former business leaders we talk about here at managersrealm is Jack Welch. Even last post on Welch we talked about how he prepared General Electric (GE) for the global economy he saw emerging, and spent his tenure preparing and growing the company for that reality.

That's highlighted by current General Electric CEO, Jeffrey Immelt, who said recently concerning the state of the company as it related to the U.S. economy, that it would mainly be protected by the presence they have and business they do in China and India. When you add the falling value of the U.S. dollar, you probably have a powerful incentive for international companies to buy strongly from U.S. made products especially, although that's not all the strength of GE is based on.

Immelt said in an interview recently about the credit problem in the U.S., that "In the world as a whole, there is still a lot of liquidity ... The impact of sovereign wealth funds is considerable. Even in the U.S., if we assume there will be some slowing in the economy, the likelihood is that demand for the kinds of infrastructure-related items that we sell, such as medical scanners and power systems, will stay quite high.

"If you consider the problems in the credit markets, they will not have an impact on the vast majority of GE's business. In other words, the overall effect on GE will be limited,"

Immelt added that GE sales internationally will grow over the next several years by 10-15 percent annually.

The other side of the equation for General Electric, is its focus on infrastructure related products. No matter what happens in economies around the world, those products related to infrastructure will be the last to be dropped as far as sales go. If these types of items are no longer purchased, there will be a lot more problems in a country than just economics.

Consequently, General Electric is poised for solid growth for years ahead, in spite of its slow moving stock price. As their global strength is appreciated by investors, the stock price should start to rise, alongside of its sales.