Deleveraging?

"It's all just the same thing over and over. We can't help ourselves. And you and I can't control it, stop it, or even slow it. Or even ever so slightly alter it."
--John Tuld (Margin Call)

The period since 2007-08 has often been labeled the time of 'great deleveraging.' This post points out the falsehood of that label.

Leverage has gone up in almost a straight line since 2000. Barely a blip can be observed as part of the 07-08 credit crisis.

This period is better termed the time of continued leveraging.