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Why Goldman Sachs' Earnings Bode Poorly for the Economy

By John Maxfield - Apr 17, 2013 at 4:25PM

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It's tempting to conclude that Goldman's earnings offer a glimpse of hope for the economy. Upon a closer inspection, however, that couldn't be further from the truth.

Earlier this week, the nation's largest independent investment bank, Goldman Sachs (GS 0.30%), reported earnings for the first quarter of 2013. At first glance, the results seemed to bode well for the economy, as both its top and bottom lines expanded. However, upon closer inspection, nothing could be further from the truth. In the video below, Motley Fool contributor John Maxfield walks readers through why this is so.

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