Two Conflicting Views of May Housing Starts and Permits

Bloomberg: Housing starts in U.S. beat 1 million pace for second month…indicating the industry is picking up this quarter after a weather-induced slump to start the year.”

Zero Hedge: “May housing starts and permits was very disappointing. Both missed expectations and tumbled from previous month by the most since January”

Which one is correct? 

Bloomberg: http://tinyurl.com/pzlegd7 or 

Zero Hedge: http://tinyurl.com/ky7l2xv

Monthly Jobs Report

USA Today: "U.S. Economy Regains All the Jobs Lost In Recession" 8.7 million lost and 8.8 million jobs gained since recession began. USA Today article

But with so many people unemployed, how can this be?

Here is some context from Contra Corner: "What The Bubblevision Revelers Missed." David Stockman's Contra Corner

War Is Good

New York Times: "Lack of major war may be hurting economic growth"

Question: Could this be true?

Under our Keynesian ecnomic system, used by both political parties, this headline/thought seems normal. How? Because we measure GDP (the economy) by the consumption of wealth rather than the production of wealth, it must be that manufacturing munitions and using them to blow up people and wealth is a way to generate economic growth.

Read the article here