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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The Goldman Sachs Group, Inc.
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.
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