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Why the stock markets across world are feeling the heat?

A decade ago when Americans purchasing power was the highest, they went on the buying spree across the globe. At that point in time the economy was souring high and the ambition of Americans was skyrocketing. They indeed brought more than what they earned, it led to trade deficit. But foreign reserves of developing countries like India, China started overflowing which helped their GDP move upwards. Once Federal Government tighten the housing loan interest rates, American buying trend reversed and now the stock markets across the globe is feeling the heat. Recessiopn is hovering over the American market
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Why are stock markets across world feeling the heat? Careful of word order in questions. I've highlighed other problem areas - grammar/punctuation/word choice blue and spelling red. I think you are using Americans when you want 'America's'.

A decade ago when Americans purchasing power was the highest, they went on the buying spree across the globe. At that point in time the economy was souring high and the ambition of Americans was skyrocketing. They indeed brought more than what they earned, it led to trade deficit. But foreign reserves of developing countries like India, China started overflowing which helped their GDP move upwards. Once Federal Government tighten the housing loan interest rates, American buying trend reversed and now the stock markets across the globe is feeling the heat. Recessiopn is hovering over the American market


Please check the following I modified as per the feedback given

A decade ago, when Americans' purchasing power was the highest, they went on a buying spree across the globe. At that point in time, The America's economy was going through the roof and the ambition of Americans was skyrocketing. Indeed they brought more than they earned, which led to the trade deficit. As the result, foreign reserves of the developing countries like India& increased stupendously, which helped their GDP move upwards. Then, Federal Government started tightening the housing loan rates, Americans buy trends reversed and now Stock markets across the globe are feeling the heat. Recession is hovering over the American market.
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Problem areas are highlighed.

Factual errors: A person who buys more than he earns end up in debt, not with a trade deficit. The federal government does not set home loan rates, although the Federal Reserve (you may want to look more at them, but it is not really the same as saying the federal government) does set a rate that can affect home loan rates. I don't understand enough about economics to say that the increase in foreign reserves makes a GDP increase - do you? Do you mean so refer to Americans as individuals? That's what "Americans' " means. I think, as Nona said, you mean "'s."

A decade ago, when Americans' purchasing power was the highest, they went on a buying spree across the globe. At that point in time, The America's economy was going through the roof and the ambition of Americans was skyrocketing. Indeed they brought more than they earned, which led to the trade deficit. As the result, foreign reserves of the developing countries like India & China increased stupendously, which helped their GDP move upwards. Then, Federal Government started tightening the housing loan rates, Americans buy trends reversed and now Stock markets across the globe are feeling the heat. Recession is hovering over the American market.
Ms Grammar Geek I request you kindly ignore the factual errors and check my grammars. Indeed, I am also not very good at economics. But one thing I can confidently say that the foreign reserves do help in GDP growth of the country, although it's not the main driver, but one of the crucial components.One more thing I mean to refer Americans as individuals As you are from the so your knowledge and understanding of federal government and other institutes is better than me and I am thankful to your to share a little bit on that front. My aim here is to improper on my writing skills, so I randomly pick up any topic and jot down whatever comes to my mind. But now in a process I am releasing it is also adding up to my general knowledge. Here again I reworked on my para and tried to rectify the errors you highlighted. Kindly help me to improve A decade ago, when Americans purchasing power was the highest, they went on a buying spree across the globe. At that point of time, the 's economy was going through the roof and the ambition of Americans was skyrocketing. Indeed, they brought more than they earned, which led to the trade deficit. As a result, foreign reserves of the developing countries like India and increased stupendously, which helped their GDP moved upwards. Then, the Federal Government started tightening the housing loan interests, Americans buying trends reversed and now the stock markets across the globe are feeling the heat. Recession is hovering over the American market.

Thanks in advance
Hi Creativeguru,

I'm not a native and I hope to learn something from your post.

To me, the following are a bit unnatural. They may not be grammatically incorrect but the natives may raise an eyebrow.

A decade ago, when Americans purchasing power was the highest, (I would prefer to say America's purchasing power or The U.S.'s purchasing power when referring to the purchasing power of the country or say American purchasing power, just as Chinese purchasing power, when referring to the purchasing power of the people of a country. That said, Americans purchasing power sounds strange to me, just as Chineses restaurants or Americans restaurant.)

the stock markets across the globe. (I would leave out 'the' in this sentence. I can't explain why. There's just no reason to have it, at least I think so)

I hope it helps
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Thanks New2grammar indeed whatever you said is a valid point and I am rewritten again

A decade ago, when American purchasing power was the highest, they went on a buying spree across the globe. At that point of time, the America's economy was going through the roof and the ambition of Americans was skyrocketing. Indeed, they brought more than they earned, which led to the trade deficit. As a result, foreign reserves of the developing countries like India and China increased stupendously, which helped their GDP moved upwards. Then, the Federal Government started tightening the housing loan interests, Americans buying trends reversed and now the stock markets across the globe are feeling the heat. Recession is hovering over the American market.
A decade ago, when America's purchasing power was at its highest, it went on a buying spree across the globe. At that point of time, the America's economy was going through the roof and the ambition of Americans was skyrocketing. Indeed, they brought more than they earned, which led to the trade deficit. As a result, foreign reserves of the developing countries like India and China increased significantly, which helped their GDP moved upwards. Then, the federal government started tightening the housing loan interest rates, and Americans buying trends reversed. Now the stock markets across the globe are feeling the heat. Recession is hovering over the American market.

It's hard for me to simply ignore factual errors. Write about what you know.
Ok Grammar Geek from next time I will pick topic which I know well and thanks for your help
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