Why Is Blackstone Gobbling Up Properties?
Dec. 20 (Bloomberg) -- Blackstone and a handful of other private equity funds have been buying up single-family homes across America at an unprecedented rate, betting that historically low house prices will bounce back. Meanwhile, they're rehabbing and renting out these houses to families who've lost their own homes to foreclosures. Bloomberg's Willem Marx reports. (Source: Bloomberg)
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JPM's Lebovitz Says U.S. Dollar Has Reached Its Peak
10:23 - David Lebovitz, global market strategist at JPMorgan, discusses how divergent global monetary policy impacts currencies and examines what he calls a positive picture for emerging markets. He speaks on "Bloomberg Markets." (Source: Bloomberg)