It is truly a sign of the times; I recently received a comment from Malcolm Milburn on my post titled The Screws Tighten.

Malcolm writes that he has become so concerned over the financial crisis - which I call a depression - and its impact on the game of golf that he has created a blog dealing specifically with that subject.

I applaud him. If you read his bio, you will note that Malcolm is earning a double major in Business Administration and Accounting. He says he's hoping to land a job with an investment bank on graduation "if any remain of course".

He is apparently also a realist, something that is still sorely lacking in the investment community despite what is happening daily; if I read of one more portfolio manager recommending that now is the time to put money in equities, I will puke.

Malcolm's blog is extremely well written and insightful.

And I'm sure he hopes it will be a short-lived venture.