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7 minutes ago
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'Trump's Weak Dollar Dream Will Be A Nightmare' Because His Policies Are 'Highly Inflationary,' Economist Peter Schiff Says
President Donald Trump's views about the dollar are getting strong pushback from economists like Chief Economist and Global Strategist Peter Schiff. 'Trump said he wants a strong dollar but he also wants a weaker dollar. He says a strong dollar makes you feel better, but a weak dollar makes you richer,' Schiff wrote on X last week. He added that although Trump claims he crushed inflation, his policies are highly inflationary, saying, 'Trump's weak dollar dream will be a nightmare.' Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Trump Defends a Weaker Dollar, But Economists Aren't Buying It What caused Schiff's comments is what Trump told reporters at the White House on Friday: 'It doesn't sound good, but you make a hell of a lot more money with a weaker dollar, not a weak dollar, but a weaker dollar than you do with a strong dollar.' Trump argued that a strong dollar 'sounds good' and helps with inflation, but he also said, 'You can't sell tractors, you can't sell trucks, you can't sell anything.' He claimed that countries like China and Japan have long pushed for weaker currencies to dominate global markets. Financial experts, however, warn that Trump's stance could $100k+ in investable assets? – no cost, no obligation. 9i Capital Group Chief Executive Officer Kevin Thompson told Newsweek that while a weaker dollar helps U.S. exporters and multinational corporations, it can be bad news for households. 'The U.S. is a consumer-driven, import-heavy economy,' he said. 'A weaker dollar makes imports more expensive, which can drive inflation. So while there are benefits on the corporate side, it also hurts households by increasing the cost of everyday goods.' Thompson also took issue with Trump's claim that the U.S. has 'wiped out inflation.' 'He's dead wrong,' Thompson told Newsweek. 'We're still seeing elevated prices in areas like energy, particularly piped gas, and in household essentials. Food costs continue to climb, especially meat, and many families are seeing higher utility bills.' The dollar has dropped over 10% this year compared to a basket of foreign currencies. The last time the dollar weakened this much early in a year was has said a weaker dollar could help U.S. manufacturers compete globally and boost tourism. He cited the recent rise in Caterpillar Inc. (NYSE:CAT) shares as an example of how a declining dollar benefits heavy industry. Still, economists caution that a weaker dollar also means Americans pay more when they travel abroad and face higher prices on imported goods. While the president insists his policies are aimed at strengthening the economy, critics argue that continued deficit spending and rising debt are already shaking global confidence in the dollar. As Schiff wrote on X back in May, 'The yield on 10-year Treasuries is back up to 4.5% as the U.S. dollar resumes its broad-based decline. Despite the trade truce, the world is losing confidence in the dollar and our ability to get our fiscal house in order. The consequences of de-dollarization will be profound.' Read Next: How do billionaires pay less in income tax than you?.UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? CATERPILLAR (CAT): Free Stock Analysis Report This article 'Trump's Weak Dollar Dream Will Be A Nightmare' Because His Policies Are 'Highly Inflationary,' Economist Peter Schiff Says originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
7 minutes ago
- Yahoo
Why Trane Technologies (TT) Shares Are Falling Today
What Happened? Shares of HVAC company Trane (NYSE:TT) fell 7.2% in the morning session after the company reported second-quarter results where a slight revenue miss and weakness in Asia overshadowed an earnings beat and raised guidance. The climate-control systems provider reported second-quarter adjusted earnings of $3.88 per share, which topped analyst forecasts. However, revenue of $5.75 billion fell just short of the $5.77 billion consensus estimate. While the Americas segment saw solid growth, the Asia Pacific region struggled, with revenue falling 8% and bookings declining 17% amid weakness in China. The company also pointed to challenges in its residential business from an industry-wide cylinder shortage. Despite raising its full-year earnings guidance, investors appeared more concerned with the revenue miss, regional weakness, rising tariff costs, and pricing pressures, which signaled a potentially slower pace of growth ahead. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Trane Technologies? Access our full analysis report here, it's free. What Is The Market Telling Us Trane Technologies's shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was 7 days ago when the stock gained 3.1% on the news that the stock reached a new all-time high reflecting strong investor confidence and positive market momentum. The advance underscored the heating and cooling system manufacturer's robust performance over the past year. Investor sentiment was supported by the company's strong profitability and a series of recent upward earnings estimate revisions from Wall Street analysts ahead of its second-quarter report. The consistent positive performance and optimistic analyst outlook appeared to fuel the stock's climb to its record-setting price. Trane Technologies is up 16.1% since the beginning of the year, and at $433.97 per share, it is trading close to its 52-week high of $472.54 from July 2025. Investors who bought $1,000 worth of Trane Technologies's shares 5 years ago would now be looking at an investment worth $3,915. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
36 minutes ago
- Yahoo
I want to retire early, so I moved my family to Thailand to save money. Take a look inside our $1,200 family home in Bangkok.
I moved my family to Thailand for a better quality of life. I want to retire by 50, and Thailand offers a cheaper cost of living to make that happen. Here's a tour of our apartment in the heart of Bangkok that I could only dream of having in the U.S. It took me too many years of my life to realize I don't want to work until a typical retirement age. My ex-father-in-law was a catalyst for this realization. I met Steve when I was 17 (I'm now 44), and he was one of the hardest-working men I knew. There were times when he held two or even three jobs to support his family, and he worked hard at everything he did. What's sad is that he worked until the day he found out he had stage 4 pancreatic cancer; he died three weeks later at 61. His death was part of the reason I decided I didn't want to work into my 60s, and conversations with my children helped me see that my identity is more than my work. Though I own a business, I'm working toward the goal of retiring by the age of 50, and moving to Thailand is the only way I could make that dream a reality. We moved to Thailand for a better quality of life. Retiring early in the US would be difficult because of the high cost of living and healthcare, even with insurance. My wife and I decided that moving out of the US permanently would be our best option to achieve our financial independence goals. After researching, we decided to move to Thailand, a country with a relatively easy visa process, affordable healthcare, cheaper everyday living expenses, and a thriving economy. My wife, our daughter, our niece, and I secured five-year Destination Thailand Visas within a few weeks after deciding to move. I found a beautiful apartment in the best location for a reasonable price. It was easy to set up our life in Thailand, and I didn't have to go through the bureaucracy I've experienced my entire life in the US. I landed in Bangkok and toured the apartments the next day. By the end of day two, we had signed a two-year lease for our dream apartment. The rent is $1,200 a month, but our monthly living expenses for everything are less than $3,000 a month, which is about one-tenth of what we paid in the US. Our apartment is close to Bangkok's public transportation. The apartment is within walking distance to Terminal 21, a large mall, numerous coffee shops, restaurants, grocery stores, and healthcare facilities. Bangkok is quite the city that never sleeps, and you can find many places that are open 24/7. The apartment is just under 3,000 square feet with a comfortable living room and a balcony overlooking the pool. The building and apartment are pet-friendly, so we brought our two cats with us. The building installed netting on the balconies so that the cats can spend time outside. The apartment was furnished, but we also bought some of our things to make it more comfortable. For example, I bought an 86-inch TV for the living room. There is a nice-sized kitchen with a balcony — which houses our washer and dryer. The kitchen is fully equipped with an oven, a gas stove, and plenty of counter space. Conveniently, a washer and dryer are on a small, netted balcony right outside the kitchen. There is a formal dining room area, where we keep our filtered water. We have a large dining room table, built-ins with storage space, and another balcony offers a dining area that's also netted. Since the weather is good all year round, we're storing our larger suitcase on the balcony. I turned the fourth bedroom and bathroom into my office. I own a business and wanted a space to work outside our bedroom. The fourth room would typically be a maid's quarters or a small bedroom, but I converted it to my office. I installed a mobile AC unit, bought a desk, and purchased a comfortable reading chair for breaks. The office is on the same floor but is detached from the apartment, making it a quiet space. Our primary bedroom is large with an ensuite and a balcony. When we moved to Thailand, we thought we'd be moving to a smaller space than what we're used to in the US. But the apartment we got exceeded our expectations in terms of size. The master bedroom came with a king-size bed, a large TV on top of built-ins, lots of closet space, a large bathroom, and an area for my wife to have a mini office. We are quite comfortable. Our daughter and niece have more space than they had in the US. Our daughter and niece live with us, and occupy the second and third bedrooms, which are also spacious. Each room has a bathroom, a queen-size bed, and a good-sized TV. Our daughter's room also features a separate vanity area. We're very happy with our new family home, especially since it's saving us money. I'm not sure whether we'll stay in this apartment for all five years of our visa, but we're very happy with it right now. The apartment has more space than anticipated, it's close to everything we need, and the building staff has been incredible. We made the right move for our family, and we've accelerated our journey toward financial independence by increasing the amount we're saving. Read the original article on Business Insider Solve the daily Crossword
