Recessionomics: Bling as leading indicator?

Remember that wsj story about how the recession was forcing rappers to cut back on bling — some were even sporting jewlery made of cubic zirconium? Bling is back — Soulja Boy has apparently got himself a new chain:

Showing off his new diamond chain that doubles as a remote control toy Lamborghini, the young brother proceeds to wow his audience by pushing the limits of financial extravagance. I’ve seen rappers with chains shaped like the state of New York or jewels that have their names on them, but I have never seen a chain that doubles as a remote control car.