Paper bag princess

Recession chic is the new black. The economic crisis is inspiring designers to show looks with a nod to an increasingly unstable financial world.

The trend of the past five or so years has been for haute designers to collaborate with stores like Target (Thakoon), Kohls (Simply Vera, Vera Wang) and H&M. Side note: the mega-successful Swedish chain's next guest designer is Matthew Williamson whose much-anticipated line will be available this summer. Read more about it here.

Alexander Wang's RTW collection was infused with fresh urban street influences. The look was undone, evident in pieces like the baggy sweater with sheer-spun rayon webbing throughout and the tough black leather fringed and pierced platform sandals (LOVE those!). You can get your hands on Wang's wares at shopbop.com

Tom Binns, jewelry designer du jour and my current obsession did a very tongue-in-cheek pair of medal earrings with precious stones' names engraved in rhodium. See a photo on Style.com's Spring 2009 Accessory Report.

I dream about the day when I'll be able to thrift vintage Alexander Wang or Tom Binns at Frenchy's or Value Village... but I'm not holding my breath.

Photo credit: Jenna Bienenfeld

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