Thursday, December 11, 2008

Bursting The Handbag Bubble

As is typical of the season, I receive about ninety-five ads, catalogs and solicitations in the mail every day. My kitchen counters are awash in shiny, full color spreads from Home Decorators', Walmart, Kohl's, Touch of Class, Fred Meyer. All clamoring for their share of the general population's fast-disappearing discretionary dollar. Some retailers are even trying to adopt the, "Our loss is your gain" tactic. Kind of like, "We're sinking fast but you can get some real good deals before we go under…"

And then…and then, there's Nordstrom. Steadfast in its appeal to the "Haves." As opposed to the "Have Nots." Or the "Did Have but Won't For Longs."

Nordstrom with its hand-picked selection of $250 costume jewelry watches, with which one can adorn one's wrist while toting a $600 designer handbag. Nordstrom…in all its unerring allegiance to pricey, unnecessary affectation.

Nordstrom stands alone here in the Pacific Northwest as a testament to the excesses endemic to the lifestyle of riding the economic bubble. That bubble which burst…sometime in the relatively recent past. (The Bush Administration is allowing now that it actually burst sometime last December…?)

But burst it has; causing those of us who might once have foolishly considered the purchase of a $600 purse to pull the strings on our shabby little $25 tote bag as tight as we can, the better to hold in the funds we need to merely survive.

Not that I ever entertained the notion of owning a multi-hundred dollar handbag. But it makes you wonder…who would? What in god's name would make a stupid purse worth what many people pay in monthly rent?

What were we thinking?

Makes one realize that this country was badly in need of an…economic correction, doesn't it?


1 comment:

Remo said...

I shake my head is utter disbelief when I take a report from a soccer-mom who lost her $400 Coach handbag. $400?? Our grandparents would slap us silly for the ridiculous spending. Advertising and the media, my Dear.

BTW - economists have been speaking about the economy slowing down for two years. You just don't watch the Fox News financial channels to hear it. LOL