The recession is over, according to one Financial Times letter-writer. The reason? Key FT pundit (and journalist of the year) Gillian Tett is smiling in her photo byline! And she is sporting a fetching new 'do. As Nigel Williams writes to the paper: "The bottom of the greatest slowdown since the second world war was the three days between Tuesday June 2 – no smile – and Friday June 5 – smile. Quantitative pleasing has finally worked. Some of the fresh liquity has seeped into the service sector and the hairdressing industry has pulled the economy out of recession."
