IMF urges stimulus to help "dire" job market (Reuters)

One thing sure to raise my ire is a group of mindless hypocrites who say one thing and do another, while pretending they have a clue. In this case I am talking about the IMF. As part of the Troika, the IMF helped ruin Greece. The country is now in a never ending depression with the youth jobless rate at 58 percent, and overall unemployment at 25.4%. Every step of the way the IMF demanded more austerity measures, as did the ECB, EU, and Germany.

AFP - International Monetary Fund chief

The world’s rich countries need to extend initiatives to increase spending and support employment to fix a “dire” labor market, the International Monetary Fund said.

WASHINGTON (Reuters) - The International Monetary Fund on Thursday urged the United States to quickly reach an agreement on a permanent fix to avoid automatic tax hikes and spending cuts early next year, saying a stop-gap solution could be harmful to the global economy.