On the Other Hand:

Do agency holding company bosses really detect those green shoots of recovery? Or are they simply whistling in the wind?

Tummler

Tummler? He’s rah-rahing it for Maurice and John on this issue (Lévy and Wren, in case you were wondering). Your scribe is likewise at one with Voltaire’s Pangloss, the eternal optimist whose credo – despite all experience to the contrary– is that “All is for the best in the best of all possible worlds”.

 According to a recent report in the Wall Street Journal, Publicis supremo Maurice Lévy (pictured) and Omnicom president/ceo John Wren are both in full Panglossian mode, opining publicly that that the demon of global recession is set to retreat from adland’s Hades, forked tail ‘twixt legs.