Jesse Carrales

677 Added | 5 Magazines | 7 Likes | 13 Following | 674 Followers | @jcarrales | Houston, TX

Chilaquiles

This is morning-after-your-party food. It even calls for day-old fried tortillas! They’re cooked in salsa roja, topped with fried eggs, pickled …

8 Features That Will Sell Your Home Faster

Homeowners are sometimes hesitant to upgrade when it's time to sell. After all, you won't be living there much longer, and home remodeling efforts …

Real Estate

The recovery isn’t slowing down. The Fed should let it keep going.

The economic recovery still has miles to go before it sleeps — if, that is, the Federal Reserve will let it.<p>That, at least, was the message of the latest jobs report, which showed an economy growing like unemployment was 8.1 percent instead of the 4.1 percent it is. Which is to say that we’re not …

Economics

Buying a Home With an LLC: A Primer

In the age of the internet, privacy is an especially valuable commodity.<p>To that end, many home buyers and real-estate investors form limited-liability companies with cryptic names when purchasing property. This appeals to the publicity shy, but LLCs also help homeowners avoid scams, identity theft …

Real Estate

I’ve tried every single iPhone currently available — here’s my ranking of the 8 iPhones you can buy right now

From the brand-new, futuristic iPhone X to the tiny-but-powerful iPhone SE, the current iPhone lineup has a range of devices and price points.<p>At this point, I've tried all eight of Apple's current iPhones. And although the iPhone X is gorgeous and powerful, it's not the phone I would recommend to …

Mobile Technology

New Fed chair Jerome Powell sees little risk of a recession

Jerome H. Powell, the new chairman of the Federal Reserve Board, made his debut public appearance Tuesday, where he told the House Financial Services Committee that he is committed to “clearly explaining” Fed thinking and that the U.S. economy is getting better. He said the recent stock market …

Federal Reserve

What Is a Stock Market Correction?

Here's how to define a stock market correction and what makes it different from a bear market or stock market crash.<p>A stock market correction is a …

Don't Let Trump's Fed Pick Choke the Recovery

Economist Marvin Goodfriend has been way too jittery about inflation. And he's been wrong.<p>Marvin Goodfriend’s nomination is in trouble, and that’s a good thing.<p>Goodfriend is President Donald Trump’s pick to fill one of the four empty seats on the Federal Reserve Board. He faced a brutal …

Economics

Why the American Middle Class Is Disappearing (and What It Will Mean for the Economy)

Democracies do not last long without strong middle classes.<p><i>What are the negative long term effects if the middle class is not rebuilt? originally appeared on Quora:</i> <i>the place to gain and share knowledge, empowering people to learn from others and better understand the world</i>.<p><b>Answer by Chris Hughes,</b> …

Economics

Deja vu? It's looking like 1987 again for the US economy

Weak dollar, rising inflation, recession memories fading, new hand at the Fed … and meltdown?<p>It is August 1987 and the US economy is humming along. Memories of the deep recession earlier in the decade are fading fast. Tom Wolfe is about to publish The Bonfire of the Vanities, which captures …

Economics

Fed's Yellen says solid economic growth means more rate hikes ahead

(Reuters) - Outgoing Federal Reserve Bank Chair Janet Yellen said on Friday that solid economic growth, faster wage increases, and a tightening labor market mean the U.S. central bank is likely to need to continue to raise interest rates gradually, as it has signaled it will.<p>"The economy is growing …

Economics

Chicken Veracruz Style | Pollo A la Veracruzana | Mexican Recipes

Heat the oil in a large frying pan over medium-high heat. Season chicken with salt and pepper.<p>Add the chicken to frying pan to sear for about 7-8 …

Cooking

The Trojan Horse in the Tax Bill

Congressional Republicans have finally done it: Both the House and Senate passed tax legislation. The bill has now headed to President Trump’s desk for his signature.<p>Most dissection of the plan has focused, for obvious reasons, on the way it changes our tax bills. The Tax Policy Center found that …

Health Care

Here's What Happened the Last Time Economists Ignored the Yield Curve

An age-old debate is bubbling up again about the value of a bond-market gauge that's sending warning signs about the U.S. economy, mirroring a discussion that took place before the last recession.<p>The so-called yield curve, which can be measured by looking at the differential between two-year and …

Economics

Janet Yellen: Tax plan's deficits could make it harder to fight a recession

Federal Reserve Chairwoman Janet Yellen raised concerns Wednesday that deficits, which are expected to be driven higher by the tax plan now in Congress, may give policy makers little room to respond to a future recession.<p>At her final press conference as Fed chair, Yellenreiteratedher persistent …

Federal Reserve

Fed does not buy Trump tax-plan hype, sees short-lived economic boost | Reuters

SAN FRANCISCO/NEW YORK (Reuters) - As the U.S. Congress moved closer to a tax overhaul plan Wednesday that has President Donald Trump “thrilled”, outgoing Federal Reserve Chair Janet Yellen gave a more sobering assessment: a short-term bump is likely, but a longer-term boost is not.<p>FILE PHOTO - …

Economy

Chile Colorado with Pork and Nopales | Authentic Mexican Recipe

Shares 716<p>Chile Colorado with Pork and Nopales<p>Chile Colorado is a pepper that is very popular in the gastronomies of the northern states of Mexico. …

Mexican Black Bean Soup | Authentic Mexican Recipe | Easy Recipe

Shares 297<p><b>Mexican Black Bean Soup with Chorizo</b><p>There are many versions of a Mexican Black Bean soup throughout Mexico. This one, in particular, uses …

Jerome Powell Shows Mastery of Central Bank Arts

President Trump’s pick to lead the Federal Reserve has put his mastery of the central banking arts on display. Jerome Powell breezed through his Senate confirmation hearing on Tuesday with Zen-like confidence. He dodged the debate on tax overhaul, kept comments about rate increases comments …

Federal Reserve

Fed chair Janet Yellen to step down

Janet Yellen announced Monday that she will step down from the Federal Reserve board of governors once her successor is sworn in next year. Yellen's term as chairperson ends Feb. 3 — but she could have stayed on the board until 2024.<p>The move leaves a total of four spots open on the seven-member …

Donald Trump

Why the GOP tax plans won’t solve the biggest economic problem

The GOP is betting its control of Congress on the passage of tax cuts, but in interviews with economists, we found little confidence that either the …

Economics

Dollar Slumps as Fed's Evans Cautions on Inflation Fight Ahead of Oct CPI Data

The U.S. dollar fell to a one-month low against a basket of its global peers Wednesday as investors braced for a key reading of inflation in the …

Economics

There's now a clear reason September's jobs report was terrible

The September jobs report showed a stunning drop in net nonfarm payrolls by 33,000, the first time the US economy shed jobs since 2010.<p>State-level data released on Friday made clear that most of the job losses occurred in Florida.<p>"Payrolls declined 127,000 in Florida in September, a result …

Jobs Report

U.S. Posts Its Largest Budget Deficit Since 2013

The U.S. posted its largest budget deficit since 2013 in the fiscal year that just ended, as a pickup in spending exceeded revenue gains.<p>The federal …

Economics

The Federal Reserve Has Never Printed 'Money': Part I

The Fed has no authority to print money; they never have printed money and can only create reserves.<p>Reserves are not money. Reserves are not part of …

U.S. Economy 'Absolutely' Resilient, Says Bandholz

Harm Bandholz, chief economist at UniCredit SpA, discusses the strength of the U.S. economy and the Federal Reserve's thinking behind raising …

Economy

Flood, fix and flip: Houston housing investors see profit in Harvey's wake | Reuters

HOUSTON (Reuters) - Addressing a real estate conference in flood-ravaged Houston this month, longtime investor Ray Sasser detailed his strategy: buy up to 50 flooded homes at deep discounts, then fix and flip them for a hefty profit.<p>FILE PHOTO: Houses are seen partially submerged in flood waters …

Real Estate

Pico de Gallo

Ingredients<p>1¼ pounds plum tomatoes, seeded and chopped (about 4 cups)<br>• 1 small red onion, finely chopped (about ¾ cup)<br>• ½ cup chopped fresh cilantro<br>• 3 …

Dudley stands by Fed rate hikes, still sees U.S. inflation rebound | Reuters

NEW YORK (Reuters) - The Federal Reserve should continue gradually raising U.S. interest rates given low inflation should rebound, an influential Fed policymaker said in a Thursday speech that sounded slightly less confident than his previous hawkish comments in the face of weak price …

Federal Reserve

Two Houstons emerge from Harvey aftermath: one wet, one dry

HOUSTON (AP) — In a quest to help Harvey victims, Kelli Shofstall and her son set out on a 165-mile drive from Austin to Houston that led them through neighborhood after neighborhood where the streets were dry and no one seemed to need assistance.<p>It took more than a day of driving around, following …

Extreme Weather