The Dow Jones Industrial Average nose dived more than 380 points because of credit woes, making it the second worst closing this year. Meanwhile there is a bidding war on Barneys New York, the premium retail chain that sells high end consumer stuff that comes with sticker shock like below.
Photograph by Kelly Shimoda for The New York Times From left: $895 Marc Jacobs shirt, $530 Lanvin leather ballet flats, and $1,525 Proenza Schouler shift.
Picture and text from
"When High Price Is the Allure" by Ruth La Ferla published August 9, 2007 in The New York Times.
Photograph by Kelly Shimoda for The New York Times
I suffered too, by the sub prime rate lending, my major holdings were US stocks bias, Prof. Vinci should be busy in these days
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