Chicken Little or Reality?

I'm no economics expert, but I can't see any way to put a positive spin on this article I saw over at Eschaton.

Roach met select groups of fund managers downtown last week, including a group at Fidelity.

His prediction: America has no better than a 10 percent chance of avoiding economic ``armageddon.''

Press were not allowed into the meetings. But the Herald has obtained a copy of Roach's presentation. A stunned source who was at one meeting said, ``it struck me how extreme he was - much more, it seemed to me, than in public.''

Is Roach paranoid or is he just one of the few people on Wall Street that acknowledges the dangers behind the current trends in the price of the dollar, our excessive spending in Iraq, and the massive deficit?