The golden years were the 50s and 60s then the 70s changed everything, he said about the political situation.

“Having elected people who said everything would be all right, ultimately the US and UK had to elect Reagan and Thatcher to get us back on track,” according to Janjuah.

Bob Janjuah, the chief markets strategist at RBS, told CNBC Friday.

Interesting narrative. I think politicians generally screw up things while making themselves better off. After the guiding philosophy becomes indefensible, we need someone to come in and fix things. Hence, Thatcher and Reagan. I do not consider this a traditional left-vs-right phenomenon. One or more politicians from any party just has to be astute enough to figure out what has to be done. The Obama Democrats went in the exact opposite way we needed to go.