U.S. Economy

• October Nonfarm Payrolls Grow by 171,000. How does this compare to other months since 1948? Chart: Valeo Financial Advisors
• “Nonfarm business sector labor productivity increased at a 1.9 percent annual rate during the third quarter of 2012” U.S. BLS

U.S. Consumers

• Consumer Spending in U.S. Increases 0.8% as Incomes Climb Bloomberg
• U.S. consumer confidence is at its highest level since 2008 Bloomberg

Europe

• Eurozone (17 nations) unemployment rate set new record in Sept. at 11.6%; Greece & Spain >25%. Youth rate at 23.3% DW

Investing

• Cash has been piling up on companies’ balance-sheets since before the crisis The Economist
• Early investing: how individual investors built stock portfolios from the years 1690 to 1730. The Wall Street Journal

Miscellaneous

• Ever wonder why the Federal Reserve exists and how it works? A Visual Guide to the Federal Reserve The Big Picture

Follow us on Twitter @valeofinancial