How to play the biggest monetary policy experiment in decades

ON UK INCOME

Jupiter's Anthony Nutt says undervalued companies capable of paying growing dividends are an attractive alternative for long-term investors.

Keeping interest rates low has encouraged money to flow into riskier financial assets and may even have lulled some investors into feelings of false security. But in the real economy, consumers and companies prefer to save, not borrow. Nor do banks, braced for tighter regulation and further bad debts, want to lend. This stalemate will last until debts fall to more manageable levels. In my view, the authorities should step in to replace the lost demand as they have in the US by extending the Bush tax cuts. In contrast, the UK faces fiscal tightening. One could argue the purpose of prol...