Incompetents at the IMF

This raises the obvious question of why on earth do IMF economists still have jobs?

Just to remind everyone, the reason that we have 9.5 percent unemployment and the reason that the United States and other wealthy countries are running large deficits is that we had a huge housing bubble that burst and sank the economy.  The boys and girls at the IMF somehow could not see this $8 trillion housing bubble.  They thought everything was just fine back in 2002-2007.