Australia

Submitted by Derrick Broze via TheAntiMedia.org,

One of the major purported selling points for the Trans-Pacific Partnership (TPP) is a supposed increase in new jobs as a result of the controversial trade deal. The deal involves 12 nations, including the U.S., Australia, Canada, New Zealand, Japan, Malaysia and more. However, two recent economic reports have contradicted the claims that jobs will increase. They have shown that, more than likely, the deal will lead to a loss of jobs.

“If you go down to the woods today,” the children’s song warns us, “you’re in for a big surprise”; but if you go down today to Melbourne’s Treasury Gardens—greenest of local green lungs, a veritable Central Park for Australia’s second-largest city—you’re in for an even bigger surprise. To wit, the sole John Fitzgerald Kennedy memorial in the world which appears to have escaped the attention of Arthur Schlesinger.

Yesterday JPM, which despite calling for a 2,200 year end price target, paradoxically warned that the regime of "buying dips" is over, and that "we take the view that equities are unlikely to perform well on a 12-24 month horizon" adding that "the regime of buying the dips might be over and selling any rallies might be the new one." So don't buy dips yet somehow the S&P will rise 150 points? Fair enough.

One month ago, when Austrlia released job numbers that too ridiculous to believe - they were a 6 sigma beat - the local mainstream media - very much unlike that of the US - threw up all over the numbers.

This is how Australia's primary media outlet, ABC, slammed the number with the following excoriating reaction of the economic propaganda, which would certainly have been censored in the US.

A fall in the unemployment rate from 6.2 per cent to 5.9 per cent in the space of one month? Be sceptical. Treat with extreme caution.