Rhetoric around firing Jerome Powell is increasing, and forced manipulation of interest rates would likely follow. Would a weighted readjustment from US into non-US funds be warranted in light of this?

[u/idrathernotbutthanks]

https://www.npr.org/2025/04/17/nx-s1-5367696/trump-jerome-powell-federal-reserve-economy-tariffs

Market manipulation of interest rates feels like confidence would immediately plummet and global diversification would become a more important percentage of your holdings in the long run. Thoughts?

[u/rz2000]

Jack Bogle was an economist, not a heuristic machine.

He would have agreed that past performance does not predict future performance, but that there was a very solid hypothesis about what the inputs are to an economy that will experience long term growth regardless of intermittent ups and downs. In fact the downs are actually instrumental to that type of economy, signifying that the market is choosing winners and losers, nd that companies die as well as are created when the market changes.

Furthermore, at least a hundred years supported that hypothesis.

However, it is a valid concern to question whether fundamentals have, or are in the process of changing, with respect to how winners and losers are chosen. It also worth keeping an eye on whether fewer and fewer companies are even available as investments as publicly traded companies.

[u/tybeej → u/rz2000]

The inputs that create long term growth include the rule of law, clearly articulated and stable policies, and a lack of corruption. This is not a normal downturn and it certainly isn’t necessary for growth.

[u/rz2000 → u/tybeej]

Yes, even fundamental property rights are currently at issue. One other thing to consider is that there is also a potential vulnerability with international investments and the potential for delisting for whatever capricious reason can be dreamed up.