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About Dr. Eddison Walters

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

Leadership With Effective Policy Solutions

We Must Ensure The American Dream Is Available To Every Single American 

At the age of three Dr. Walters parents move to the U.S. Virgin Islands with him and his two brothers and sister. The family opened a small business and built a house in a middle class neighborhood and provided an opportunity for Dr. Walters and his two brothers and sister to become first generation college graduates with very successful careers. Dr. Walters grew up in the town of Christiansted, St. Croix, which is same town where Alexander Hamilton grew up in the U.S.  Virgin Islands. Alexander Hamilton family had immigrated to the U.S. Virgin Islands from the Caribbean like Dr. Walters family were he spent his childhood years, before later moving to the Continental United States to become one of our country’s Founding Fathers and making significant contribution to our system of government, banking system and our free market system that is responsible for providing the opportunity of the American Dream for every single American. Dr. Walters became passionate about the promise of the American Dream early in his childhood. As a graduate of the University of Alabama, Dr. Walters was inspired to give back to the community and help provide the opportunity of the American Dream to the next generation, so his very first job as a college graduate was a volunteer position working from 9:00AM to 5:00PM for six months to help develop a community development loan fund that focused on helping create jobs in underprivileged communities by investing in small businesses. As a result of this work Dr. Walters because involved in the political process to help address solutions for problems in the community. Dr. Walters served in countless community organizations to help others have an opportunity to live the American Dream that this country has given him. Dr. Walters continued his work in the finance industry providing the opportunity to access capital for small businesses and promoting home ownership. Dr. Walters was self employed as a mortgage broker helping Americans realize the American Dream. He was troubled by the 2008 real estate crash in the United States as he saw the American Dream slip away for so many Americans. Dr. Walters felt the real estate crash was as a result of a false claims of a real estate bubble. After the mortgage meltdown in 2008, Dr. Walters attempts to explain what he taught was the true nature of the problem causing the real estate crash, but his conclusion was not received well. After unsuccessful attempts to bring attention to the true nature of the problem in the United States real  estate market, Dr. Walters returned to college and graduated with his MBA in 2012, then went on to complete in doctorate degree so he could focus of publishing research to expose the true story of the Global Financial Crisis of 2007 and 2008.

The threat of tariffs on Mexico to force the government to address the issue of illegal immigration on the Southern Boarder was announced as part of his campaign platform earlier for Dr. Walters in 2018 long before the policy was adapted by the Trump Administration. The policy was adapted by the Trump Administration a number of months later and have been a very effective policy in addressing illegal immigration at the Southern Boarder. See link to survey completed in spring where Dr. Walters list the policy as part of his campaign platform.   https://apps.mypalmbeachpost.com/kycp2018/candidate/eddison-walters.html

Dr. Walters position on United States trade policy taken from his dissertation research "Changes in FDI Inflows and Economic Growth and the Effect on Exports: The Aftermath of the Global Financial Crisis of 2007 and 2008' published in ProQuest Database in August 2018. "The prolonged period of very low growth in export of goods and services around the world subsequent to the Global Financial Crisis of 2007 through 2008 during the period 2010 through 2016 suggests the current United States policy pursued by the Trump Administration puts the United States in a very strong bargaining position to renegotiate trade agreements with the rest of the world. The fact, the United States is more orientated towards a service economy, combined with the prolonged period of low growth in export of goods and services around the entire world makes it critical for other countries around the world to resolve any trade disputes with the United States in a timely manner. Economies relying more heavily on manufacturing stand to suffer much greater negative impact from any prolonged trade dispute with the United States."

Democrat policies have led to a housing crisis across this country. Working together with President Trump, Dr. Walters has a plan to address this crisis. 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 by Dr. Walters published in the Journal of International Business and Economics, December 2019 Issue, provided evidence the 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 research proved 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 that have made the American Dream out of reach for many Americans because every single American should have an opportunity for home ownership.

Dr. Walters has emerged as 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, http://jibe-net.com/journals/jibe/Vol_7_No_2_December_2019/1.pdf
  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, http://jibe-net.com/journals/jibe/Vol_7_No_2_December_2019/15.pdf
  3. "Impact of Advancement in Technology, False Conclusion of Real Estate Bubble, Record Low Mortgage Delinquency, Irresponsible Media, U.S. Economic Policy Disaster: Evidence Supporting Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008"; Anticipated Publication: Journal of International Business and Economics, February 2020
  4. "The Development of “Eddison Walters Modern Economic Analysis Theory”: Building on Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008"; Anticipated Publication: Journal of Economics, Business and Market Research, February 2020

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.

Additional research recently completed and submitted for publication in peer-reviewed scholarly journals include the following research articles:

"Impact of Advancement in Technology, False Conclusion of Real Estate Bubble, Record Low Mortgage Delinquency,          Irresponsible Media, U.S. Economic Policy Disaster: Evidence Supporting Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008" 

  "The Development of “Eddison Walters Modern Economic Analysis Theory”: Building on Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008"

  "Impact of Advancement in Technology, False Conclusion of Real Estate Bubble, Record Low Mortgage Delinquency,Irresponsible Media, U.S. Economic Policy Disaster: Evidence Supporting Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008" 

"The Development of “Eddison Walters Modern Economic Analysis Theory”: Building on Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008"

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

Graduate Studies, Boston University

Graduate Studies, Liberty University

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

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

Dr. Walters Up Coming Research Accepted For Publication By Peer Reviewed Journals

Impact of Advancement in Technology, False of Real Estate Bubble, Record Low Mortgage Delinquency, Irresponsible Media, U.S. Economic Policy Disaster: Evidence Supporting Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008

The Development of "Eddison Walters Modern Economic Analysis Theory: Building on Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008

 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.



Committee to Elect Dr. Eddison Walters
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