In this video, Matt Koppenheffer outlines three areas to watch with Goldman Sachs. First, the economy. Goldman Sachs is an investment bank, and much of its business comes from investing as well as mergers/acquisitions, equity, and debt offerings. If the economy tanks, Goldman Sachs revenues will likely decline. Second, the European economy and the PIIGS countries. Goldman Sachs has limited exposure to these countries, but continued debt problems in the PIIGS countries could be a drag on the rest of the European economy. Lastly, executive compensation. Goldman Sachs pays its top brass well, but its expense ratio is actually lower than those of its competitors in this regard. If Goldman Sachs has to up the ante to attract top talent, that could signal problems with the company.