The IMF has been acting heroic lately.

It’s hard to believe. But, this is a sign of the times.

Sigh.

Markus Rodlauer, head of the IMF mission to China called for a “more market-oriented” rate. In other words the IMF is not happy that China lower the value of the yuan.

via xenagoguevicene: Beijing: IMF Head Has ‘total misunderstanding of the priorities within our Chinese Communist Party’.