It's a schizophrenic decade. I think it will also be known for the high-low effect. Everyone knows that chic people wear $10 T-shirts with $2,000 blazers.

There is a sense that things have gotten too vulgar, and designers will do their part and pull back.

Interestingly, this year the men had more glamour and more star power than women and I think that's a first. George Clooney in his Armani tux looked like a modern-day Cary Grant.

The Hermes bag used to be mind-numbing at $6,000. Now, according to several sources, the waiting list is closed for the Birkin. No matter if Oprah couldn't get into that store.

She also has a few cashmere sweaters. I didn't have my first until my husband bought me one when I was 28.

It looks like we will be out of the house for two months.