Profit reporting season will reveal how much companies banked from the COVID lockdowns

How much profit did large companies make during the lockdowns?

We’ll see evidence this week, when some of the biggest companies on Australia’s stock exchange release their profit results.

Telstra, Commonwealth Bank, AMP, AGL Energy, and Insurance Australia Group, are among the companies reporting their profits.

Will their results contribute to the debate about the disconnect between the performance of stock markets and the ‘real’ economy?

What about the JobKeeper program and executive bonuses?

International Monetary Fund says central banks are responsible

In August last year, after US stock markets were already back near record highs — despite the country’s deep…