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hugh-mungis.bsky.social
Hughes is back, starting from scratch!
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Apple’s main India suppliers Foxconn and Tata shipped nearly $2 billion worth of iPhones to the United States in March, an all-time high, as the U.S. company airlifted devices to bypass President Donald Trump’s impending tariffs, customs data shows.

Can confirm.

🤣🤣

It should be easier to vote than to buy a gun

Art of the Deal!

Zero trade deficit is like a plumber who bought $100 in copper pipes telling the copper pipe manufacturer that they need to buy $100 in plumbing services from him, whether they need them or not. And a country with less inhabitants than the US will find this impossible to achieve.

Excited for all the new American banana and coffee factories.

I feel like we need to run that "who do you trust more with the economy" poll again

To put it in real terms: This press conference cost the U.S. stock market somewhere in the realm of $1-2 trillion dollars.

The Fed spent four years slowly maneuvering the U.S. economy into a soft landing after COVID. Trump will ruin it in less than four months. Well done, #MAGAts.

Trump just imposed, by executive order, the single largest tax increase on consumers in American history.

Check your 401K. How did it perform over the first quarter of 2025? How much retirement money did you lose?

🦋 In the 2023/24 academic year, international students studying in the US contributed $43.8 billion to the US economy and supported 378,175 jobs [NAFSA]. Serious economic impact ahead. 🦋

JPM calls it “the fastest Momentum unwind in 40 years .. erased 2 years’ worth of gains and accelerated investors’ late-cycle positioning into Defensive / Low Vol ..”

The reason that the US is locking up tourists for weeks in hellish detention centers rather than letting them book tickets back home is because the detention centers are owned by corporations. They are charging the taxpayers fortunes to cage these people, and making bonanzas off their suffering.