The spreads on outstanding Russian foreign debt have shrunk to 2percentt from 7percentt at the beginning of the year as another default became less likely because of rising energy prices.
We paid taxes, and in a few years that FDR debt had shrunk to almost nothing.
Although Leeds's debts have shrunk from more than £100m when Mr Krasner's consortium took over in March 2003, the club was still faced with the prospect of administration.
Contributing to that recovery is that losses on bad debts have shrunk more than 40%, and - vital for any bank - the gap between what it charges for loans and what it receives from depositors and creditors (the interest margin) is widening in a meaningful way.
The primary fiscal surplus (ie, before debt payments) has shrunk, probably to little more than 1% of GDP.
"Maybe they just said, 'Hey, I can at least spend a little bit of money.' " Spending power has been enhanced by a monumental reduction in household debt, which has shrunk by about $600 billion since the fall of 2008, according to Equifax credit data analyzed by Economy.com.com
The ratio of federal-government debt to GDP has shrunk from 71% in 1995 to an estimated 49% this year.
Meantime DRS' debt-to-capital has shrunk to 46% from 56% in 1999.
Dwyer emphasizes that Bally's ratio of debt to stockholders' equity has shrunk from a scary 15.6 at the end of 1996.
