STX 4.05% 17.8¢ strike energy limited

Ann: Appendix 3Y Stephen Bizzell, page-9

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    Economic indicators say demand destruction has been gathering speed for some time, yet market behaviours act as if this is not happening. Likely explanation is multitude of green clueless market participants that have never seen a recession.

    BUT the banks risk assessors have seen recessions and thus the margin lending ratio changes they have imposed.
 
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