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About Dr. Eddison Walters

Economic Expert, Global Financial Crisis Expert, Globalization and International Trade Expert, Business Professor, Small Business Expert, Businessman

Dr. Walters research presented evidence supporting the Trump Administration policy to renegotiate U.S. trade deals with China and other countries around the world. Dr. Walters research project, "Changes in FDI inflows and economic growth and the effect on exports: The aftermath of the global financial crisis of 2007 and 2008", was published in ProQuest Dissertations in August 2018. The study analyzed data that provided evidence showing China and other countries around the world continue to suffer significant economic hardship as a result of the Global Financial Crisis of 2007 and 2008. As a result of this economic hardship, the United States is in a superior position to renegotiate trade deals with very favorable terms for the American people at the present time.

Recent research that has been accepted by the Journal of International Business and Economic for publication in December 2019, conducted by Dr. Walters provided evidence reviling Dodd-Frank Legislation was a step in the wrong direction that had significant negative effects on economic growth, deepening the recession in the United States. Dodd-Frank Legislation continues to be a drag on the United States economy today.

Dr. Walters research presented evidence that proved, conclusions of a financial and real estate bubble in the U.S., which was blamed for causing the Global Financial Crisis was false. Evidence presented in the study by Dr. Walters showed the increase in home prices in the United States real estate market preceding the Global Financial Crisis of 2007 and 2008, was attributed to advancement in technology. A false narrative developed by economists who predicted a real estate crash gained constant media attention. The constant drumbeat to a real estate crash created no tolerance for risk in financial markets around the world, causing lending on real estate backed securities to stop and the financial market meltdown.

Dr. Walters has emerged as one of the foremost expert in the world on the Global Financial Crisis of 2007 and 2008 as a result of his research. Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008 was developed, which presented an alternative explanation for the cause of the Global Financial Crisis of 2007 and 2008 based on evidence from data analysis. Recent research projects published by Dr. Walters listed below presented evidence based on data that was analyzed supporting Dr. Walters positions.

  1. “No Real Estate Bubble Preceding Global Financial Crisis: Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008”, Journal of International Business and Economics, December 2019
  2. ” Growth in Home Purchase Price Preceding Crisis Explained by Technology Advancement: Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008 Confirmed”, Journal of International Business and Economics, December 2019

The Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008 made the case, the financial crisis was caused by risk expectation. A consistent stream of economist and irresponsible media with an agenda, eager to paint a picture of an economic crisis, accepted the idea of the theory of a real estate bubble which was caused by risky subprime mortgage lending with no evidence presented in support of the theory. The constant drumbeat of an impending financial crisis by the media was certainly a significant factor that led to the Global Financial Crisis of 2007 and 2008.

The Global Financial Crisis of 2007 and 2008 was the unintended consequence of irresponsible media reporting which created extremely high-risk expectation in the United States Subprime Mortgage Industry causing lenders to stop lending which led to the financial market crash. The media failed to ask questions regarding the lack of evidence presented in support of the existence of a real estate bubble. The media failed to ask questions which may have led to alternative theories as to the cause on the rapid increase in home prices in the United States Preceding the Global financial Crisis of 2007 and 2008 being explored.

A far more likely explanation for the rapid increase in home prices in the United States real estate market, was the effect of advancement in technology on the real estate industry preceding the Global Financial Crisis of 2007 and 2008. Advancement in technology significantly increased the marketability of homes, because the number of possible buyers for a home placed on the market grew exponentially. As the availability of buyers increased, so did home prices. In addition, advancement in technology also streamline the mortgage application process allowing many more buyers to qualify for mortgages to purchase homes. This also increased in demand for homes, causing home prices to increase.

Both Federal Reserve Chairman Alan Greenspan and Ben Bernanke were correct in 2005 with their assertions, it was impossible for a real estate bubble to develop due to the efficient-market-hypothesis (Belke & Wiedmann, 2005). The rate of growth in the United States home prices were not distorted preceding the Global Financial Crisis of 2007 and 2008. The data analyzed in the current research provided evidence which showed home prices continued to increase at a similar rate subsequent to the Global Financial Crisis of 2007 and 2008. Results of data analysis also revealed larger down payments were made for home purchases preceding the financial crisis which completely dispelled the idea of statistically significant purchase by homeowners with little or no down payment as a factor which cause the rapid increase in home price.

Dr. Walters have acquired leadership skills through education, work experience, and academic research which have prepared him to be an effective representative in the US Congress for the people of District 22.

Dr. Walters have spent countless hours as volunteer with community and nonprofit organizations, service in political organizations, have demonstrated dedication to effective leadership and improving our community.   

EDUCATION 

Doctor of Business Administration, Global Business, Keiser University

MBA, International Business, Salem International University

Bachelor of Science, Commerce and Business Administration, Marketing Management, University of Alabama

Graduate Studies, Boston University

Current Graduate Student, Liberty University

 

Peered Reviewed Research Published by Dr. Eddison Walters

Changes in FDI inflows and economic growth and the effect on exports: The aftermath of the global financial crisis of 2007 and 2008, ProQuest Dissertations, August, 2018

No Real Estate Bubble Preceding Global Financial Crisis: Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008, Journal of International Business and Economics, December 2019

 Growth in Home Purchase Price Preceding Crisis Explained by Technology Advancement: Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008 Confirmed, Journal of International Business and Economics, December 2019

The Effect of the 2007 to 2009 Global Financial Crisis on the United States Financial Activities Sector, Journal of Strategic and International Studies, January 2014

More About Dr. Walters: Dr. Walters was born in Trinidad and Tobago. He moved to the United States Virgin Islands with his family at the age of 3 years old, then to the state of Alabama after graduating from high school. Dr. Walters has lived in the state of Florida since 2013. Dr. Walters has also served in the United States Army Reserve.



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