Earlier this week, the nation's largest independent investment bank, Goldman Sachs (GS 2.75%), 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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Why Goldman Sachs' Earnings Bode Poorly for the Economy
NYSE: GS
Goldman Sachs Group

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.
John Maxfield has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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