Yeah, there is really no evidence of an impact of the recession. I suppose that is their way of saying that we are going to go on partying like there is no tomorrow. That is one aspect of it after all...Stop the fear and start spending like mad on odd pieces that will look weird after ten minutes.
Still, one might expect the emphasis to move from creating odd trends to classic styles that is understated and in durable fabrics and neutral tones that will last ten seasons rather than one. I guess that is just not what fashion is.