the ballooing of U.S. foreign debt to 500 billion dollars by 1988 implied that?

the ballooing of U.S. foreign debt to 500 billion dollars by 1988 implied that?

The ballooning of U.S. foreign debt to 500 billion dollars by 1988 implied that the financialcondition of U.S. was deteriorating. It was an alarm for the Great depression as if U.S has a large…