The IMF is perpetually late in its forecasts. Here's the latest hoot: IMF Warns of Possible Emerging-Markets Crisis.

A new study by the International Monetary Fund projects emerging economies will muddle through recent market turbulence without a severe shock to their financial systems, but flags an outside chance of a crisis.

In a "severely adverse" scenario, the IMF says capital could flood out of countries at a pace not seen since the 2008 global financial crisis.

Outside Chance of a Crisis? What the Hell?