The following video is part of our "Motley Fool Conversations" series, in which industrials editor and analyst Isaac Pino and consumer goods editor and analyst Austin Smith discuss topics across the investing world.

Some economists believe that a decline in consumer savings rate in recent months is worrisome for the US economy. On the other hand, many industrial companies reported robust earnings growth, especially in the US. Overall, it might be advantageous for investors to seek out conglomerates like GE and 3M to tap into high-growth markets as well as the domestic economy. Isaac discusses the reasons why international diversification could be profitable for your portfolio.

Austin Smith has no positions in the stocks mentioned above. Isaac Pino owns shares of General Electric Company. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Emerson Electric Co., 3M Company, and PACCAR Inc. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.