whenever you have harmonic distortion (THD) you also have similar amounts of IM distortion (IMD).This statement is misleading. You can have a fair amount of THD and still have relatively low IMD figures. This is however a very common saw and often it **happens** to be true; its just not true 100% of the time.
And IM distortion is usually out of tune with the music, and so is much more audible and damaging than most forms of THD including the 7th harmonic.This statement is true.
Chasing increasing small amounts of high-order THD in the presence of large quantities of IMD is like chasing unicorns.
The meaning here is unclear.