Deeds and WeedsOctober 6, 2009

The Meaning of a Strong Golf Club Market

Are golf club memberships a reliable indicator of overall economic health?

We've written on this blog throughout the year of the downturn in the private golf club market in both the United States and the United Kingdom. But here is the other side of the spectrum: Officials in South Korea report an uptick in the market for golf club memberships, and say that is one of the surest signs of that country's emerging economic recovery.

Details are in this story from Bloomberg.

-- G.R.