There’s a new chapter in the ongoing tale of IMF incompetence. Take a look at this UK Telegraph headline that recently caught my eye. Mauldin Economics The love affair was no surprise. Nor was the fact that the IMF had taken part in the immolation of Greece. No, the surprise was that the IMF would publicly disclose the extent of incompetence and massive rule breaking that had taken place. The Ambrose Evans-Pritchard byline told me this would be a good story.