Here's the disconnect in what's going on in the economy: we have rampant inflation, real wages are falling, we keep hearing how the economy is in tough times due to Covid, stock-prices are in one long free-fall - and yet - corporate Australia has just recorded record profits!

How does that work? At least if there were record profits, wouldn't the stock market go up?

ABC: Half-yearly profits for all companies together had almost doubled to $US55.2 billion ($79.6 billion), up from $US28.7 billion for the same period last year
"These energy giants are posting staggering profits while fuelling our cost-of-living crisis", ACTU president Michele O'Neil says.

This must be part of The Great Reset. Normal people see their money shrink away before their eyes while the corporates bank record profits.

The energy companies' situation is particularly galling. Energy prices have gone up about 30% in Australia - i got a letter with my last bill explaining that it was due to Covid, the Ukraine War etc, etc - next thing i know i'm reading they made record profits! WTF?

Meanwhile, i have some energy company shares, but they've all fallen, quite dramatically in some cases.

This feels like one giant con-job.