Nancy Gonzalez Crocodile Hobo, Handbag of the Day

Nancy Gonzalez's Large Crocodile Hobo, a shape ironically in vogue at the moment, will leave no doubt that your portfolio is recession-proof. Made from Colombian crocodile, the shoulder bag features hidden magnetic closures and outer pockets for stashing key items like phones and PDAs. It measures 20 x 16 x 7 1/2 inches, and handles drop 8 inches. The bag is available at Vivre and retails for $4,350.