Chinese Real Estate Bubble

2010's Person and Story of the Year, Plus a Bubble-Bursting Prediction for 2011

It's the season for reviewing the year that's ending and making predictions for the one ahead. On Tuesday, venture capitalist and DailyFinance columnist Peter Cohan was part of a TV panel that was asked: Who was the person of the year? What was the story of the year? And what will happen in 2011? Here are his answers.

Asian Markets Close Lower on Fears of Chinese Tightening Measures

Shares in Asia slid lower Friday as investors reacted to Chinese government moves to tighten credit and clamp down on inflation. In Hong Kong, the Hang Seng Index fell 0.8% to 22,877, and in China, the Shanghai Composite sank 0.9% to 2,872. Japan's Nikkei 225 Index edged down 0.4% to 10,040.

Chinese Spending Can't Save the World Economy

It's practically an article of faith in some economic circles that the households of fast-growing behemoths India and China will increasingly begin supporting not only their own economies, but those of the rest of the world as well. Don't count on it: Here's why.