There have been good years and bad years for the golf industry over the past two decades. But rarely does a banner year follow a dismal year, or vice versa. Our industry tends to follow the larger trends in the world, and move at a slow and deliberate pace. So, in prognosticating the next year, it is primarily a task of reading the winds, and then using the past to help foretell the future. In doing so, the signs for 2012 do not tell a glowing tale of financial bliss for the golf industry.