Nevermind Ron DeSantis throwing in the towel, when even Jamie Dimon, the combative JP Morgan boss, speaks up for Donald Trump you kind of know that not only is Trump’s nomination as the Republican presidential candidate now a foregone conclusion, but it’s also essentially over for the White House incumbent, Joe Biden.

The titans of Wall Street are by tradition nearly always Democrat-supporting, and so at least until recently was Dimon. But in an interview last week at the World Economic Forum in Davos, he seemed almost to switch sides.

Donald Trump’s nomination as the Republican presidential candidate now looks to be a foregone conclusion.Credit: AP

“Take a step back, be honest,” Dimon said. Trump “was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Tax reform worked. He was right about some of China. He wasn’t wrong about some of these critical issues”.

Dimon then went on to warn against ridiculing Trump’s Make America Great Again mantra, because lots of ordinary Americans believe in it and it is discourteous to demonise their views. Now there’s a banker looking to grease up to – sorry, build bridges with – the likely winner.

There’s still nearly 10 months to go, and a lot can happen in that time, not least that Trump could be sent to jail.

In any case, polling this far ahead of the event tends not to mean a great deal.

All the same, Trump seems to have unstoppable momentum, and if you aren’t already thinking about the implications for the economy and markets of........

© Brisbane Times