Crap Economy Is ‘the Cool Hot Topic to Talk About at Fancy Parties’

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"This Hair Club for Men stuff never washes off your ha — what? This is on? I mean, let us wash our hands of corruption in Illinois! Oh, that's not right either." Photo: Getty Images

"There is this weird schizophrenia at events like this … We know it's happening, but obviously it hasn't hit us yet. Of course we've been affected, anyone with a business has been affected, but if you were really hurting, if it were really affecting you, you wouldn't be here! I find it a bit ridiculous actually, almost like it's the cool hot topic to talk about at fancy parties is the economy, which seems very decadent … Sometimes I wonder, are these people going mad? Am I in the sinking Titanic? I think I'm in the sinking Titanic."

— Margherita Missoni, model, actress, heir to the Italian fashion house, at Chanel's Winter Wonderland ball on Friday. [NYO]