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"Corporate leverage has declined only about 3percentt since new management took over," he said.
With both hedge funds and lenders doubly cautious in the wake of market turmoil, hedge fund leverage has declined substantially.
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The sales leverage that comes from being huge has declined, and in fact, may even be a liability today.
Wages and benefits have fallen because American union membership has declined, leaving unions without the leverage they once had to demand better deals for working people.
That problem is ongoing, because Asian leverage has not declined, it's merely been transferred to the state, enabling the corporate sector to get its ratio of debt to equity down.
Litecoin's transaction fees have declined over the last year, making it easier for users to leverage this digital currency as a medium of exchange.
Paytm's losses as a % of revenue have declined over the years, as the company's expenses on advertising and promotion decline and it enjoys operating leverage.
Several major banks were reported to have declined to underwrite Vista Equity's 2014 acquisition of TransFirst for fear of regulatory fallout due to the reportedly high proposed leverage.
Leverage has risen dramatically (see chart).
But now that leverage has gone.
The cost of leverage has been immense.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com