Recessionary Times: Neiman Marcus Edition

Further signs of The New Poverty: "Neiman Marcus Group Inc. mailed out its annual Christmas Book catalog, which each year features over-the-top "fantasy" gifts, to one million customers on Tuesday. But for the first time in a decade, there isn't a seven- or eight-figure price tag on the list. The most expensive fantasy item for 2009 is a $250,000 'his and hers' two-seater Icon aircraft, which comes with pilot training for two. That's a far cry from the $20 million submarine offered in 2000, the $10 million Zeppelin of 2004 or the $10 million stable of racehorses of 2008." Still, for $200k you can buy yourself a modern-day [...]
