I've supported analysts in banks and they don't impress me at all. They are literalists on most things and draw bog-standard economic assumptions from most of what they read which is often out of date. They never leave their desks and have almost no understanding of the finer details of the industry they cover. Mining especially. See how much the Deutsche Bank share price has collapsed in the last 10 years and they have 1000's of analysts. What could be wrong?
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