Over the next month or so, on CNBC’s Fast Money, widely followed strategist Doug Kass of Seabreeze will be revealing portions of his annual -- and much anticipated -- list of “Surprises for 2011”. We’ll be bringing you two a week through the end of the year. Scroll down for a complete list as well as links to past surprises revealed!SURPRISE #3Kass tells the desk to brace for a water shortage and suggests the resulting ripples it generates could be much wider than investors expect.Apologies for the play on words, because truth to tell this development is no laughing matter.
Kass thinks the scarcity of water could trigger very serious geo-political issues in Asia –something he describes as a destabilizing factor with the potential to become a powder keg.
“Ever since the 1962 Indo-China War, the shared resources of water supply has been a focal point of conflict between China and India,” he explains. And in the wake of a water shortage those tension could intensify – in part due to a a decision by the Chinese government to expand the plans to divert the 1800 mile long Brahmaputra River which hugs the Chinese border before dipping into India and Bangladesh.And that leads us to....
-----------------SURPRISE #4Page 1 of 7 | Next Page