[The year] 1986 marked a seminal [stage] in the financial history of the U.S. This was the year the U.S. moved from being a net creditor nation to a net debtor nation, or when foreign-owned assets in the U.S. exceeded U.S.-owned assets abroad. Net foreign claims on U.S. assets were equivalent to 0.8% of GDP in 1986.
By 2005, the last year of available data, the gap between foreign-owned assets in the U.S. versus U.S.-owned assets overseas had widened to a whopping 21.6% ...
