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The 3 Decades Global Financial Policy Failure In Housing Market, Runaway Home Prices, Today’s Growing Homeless Crisis: Eddison Walters Real Estate Housing Technology Structural Change Transformational Theory
The 3 Decades Global Financial Policy Failure In Housing Market, Runaway Home Prices, Today’s Growing Homeless Crisis: Eddison Walters Real Estate Housing Technology Structural Change Transformational Theory
#NobelPrizeEconomics
Failure to address technological-driven structural changes in the real estate market that began three decades ago has caused runaway home prices that developed countries are experiencing today. The real estate crash that preceded the Global Financial Crisis, and the entire Global Financial Crisis resulted from the panic that was created about the rapid increase in home prices that was falsely labeled a real estate bubble by the media which was quickly adapted by policymakers. Policymakers and the media blamed greedy mortgage brokers for the rapid increase in home prices, accusing mortgage brokers of providing mortgages to too many people for homes that the borrowers could not afford. It turns out that the media and policymakers were completely wrong when mortgage brokers were falsely blamed for creating a real estate bubble because a real estate bubble never existed. The true cause of the rapid increase in home prices was the early stages of a real estate boom from technological-driven structural changes in the real estate market. Failure to address structural changes in the real estate housing market which started three decades ago, has resulted in runaway home prices in the United States and developed countries around the world. As a result of the failure widespread economic hardship from homelessness is a significant risk as working families find themselves priced out of the housing market. Three decades of economic policy failures and the mismanagement of the housing sector have resulted in a looming housing crisis that continues to increase as developed countries face runaway home prices. Policymakers throughout developed countries eagerly accepted the media-driven misinformation of a real estate bubble without any evidence presented supporting the narrative. The failure of policymakers to gain an understanding of factors that have been driving the rapid increase in home prices which began three decades ago, resulted in the real estate crash, Global Financial Crisis, and Great Recession. Much of the economic hardship and the looming housing crisis facing working families today could have been avoided. For many working American families, the prospect of home ownership no longer exists due to skyrocketing home prices. The looming homeless crisis facing the developed world today is the direct result of economic policy failures that have ignored the structural changes in the housing market for three decades. The move from print media real estate listings to online real estate listings and the adaptation of online mortgage loan applications along with automated mortgage underwriting between 1995 and 1999, exponentially increased the quantity of inventory needed in the housing market of developed countries. The shift in the demand curve for housing structurally changed the housing market in developed countries resulting in the complete transformation that saw the demand for housing skyrocket by 2000. New homebuyers who previously only had access to local housing markets before the transformation of the housing market began in 1995, had full access to homes listed anywhere online in other real estate markets by the end of 1999. The increased demand caused the rapid growth in home prices. Failure to implement policies to drastically increase home inventory in developed countries to address the structural transformation of the housing market which drastically increased the demand for homes was a significant economic policy failure. Instead of implementing policies to significantly increase home inventory, new construction was idle for over a decade as policymakers adopted the media-driven misinformation of a real estate bubble and supported policies to address the nonexistent real estate bubble.
Keywords: Eddison Walters Real Estate Housing Technology Structural Change Transformational Theory, Eddison Walters Risk Expectation Theory, Global Financial Crisis
Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008
No Real Estate Bubble Preceding Global Financial Crisis: Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008
The lack of evidence in support of the widely held theory of a financial and real estate bubble, which was responsible for causing the Global Financial Crisis of 2007 and 2008 inthe literature, raised serious questions regarding the recent financial crisis that required additional research. A financial bubble, defined as protracted divergence over a period between an asset market price, and the fundamental determinants implied value with an unusually high volume of trading or sales (Starr,2012). Walters (2018) presented evidence which suggested there was no statistically significant evidence of change in the growth of net FDI inflow for developed countries for periods preceding and subsequent to the Global Financial Crisis of 2007 and 2008. The development of Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008, in Walters (2018) presented an alternative theory for the cause of the Global Financial Crisis of 2007 and 2008. This new theory raised severe questions regarding Alan Greenspan’s statement, which pointed to an abundance of available capital creating a financial bubble as a condition that led to a real estate bubble in the United State housing market, triggering the Global Financial Crisis of 2007 and 2008 (Greenspan et. al ,2010; Khayoyan, 2012). Considering new questions raised by Walters (2018), an investigation into what triggered the Global Financial Crisis of 2007 through 2008 is required. It is critical to gain an understanding of precisely what triggered the financial crisis to avoid the same mistakes in the future.
Keywords: Global Financial Crisis of 2007 and 2008, Subprime Mortgage, Real Estate Bubble, Financial Bubble, of Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008
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
The lack of evidence in the literature supporting the widely accepted theory of a real estate bubble, or a financial bubble which was the cause of the Global Financial Crisis of 2007 and 2008, prompted the researcher to raise questions regarding the cause of the Global Financial Crisis of 2007 and 2008. Walters (2018) presented evidence which suggested there was no statistically significant evidence in changes of net FDI inflow for developed countries for periods preceding and subsequent to the Global Financial Crisis of 2007 through 2008. The development of Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008, in Walters (2018) presented an alternative theory for the cause of the Global Financial Crisis of 2007 through 2008. This new theory resulting from data analysis in the research conducted in Walters (2018), raised serious questions regarding the accuracy of an abundance of available capital which was suggested as the cause of a financial bubble, leading to a real estate bubble in the United State housing market, causing the real estate crash, which triggered the Global Financial Crisis of 2007 and 2008. Questions raised in Walters (2018), called for further investigation into the cause of home purchase price increase, which many in the literature have suggested led to a real estate market crash in the United States preceding the Global Financial Crisis of 2007 through 2008. It is critical to gain an understanding of exactly what cause home purchase price across the United States to increase. This knowledge will provide researches with a better understanding of the cause of the Global Financial Crisis of 2007 and 2008, avoiding the same mistakes being made in the future.
Keywords: Global Financial Crisis of 2007 and 2008, Subprime Mortgage, Real Estate Bubble, Financial Bubble, of Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008
Walters and Djokic Quantitative Analysis Factor Distortion Theory
Walters and Djokic Quantitative Analysis Factor Distortion Theory: Addressing Challenges to Validity and Reliability in Scientific Research, Examples of Junk Science Research on Climates Change, COVID-19, the United States Real Estate Market and Global Financial Crisis of 2007 and 2008
The distortion and politicization of quantitative data analysis have resulted in the common acceptance of junk science into the body of literature to promote the political agenda of many. There is a cost associated with data analysis lacking validity and credibility. The politicization of quantitative analysis has resulted in policies being adapted around the world based on COVID-19 research, climate change research, and economic research which amount to junk science. Today, low-income and moderatelyincome families are facing a looming housing crisis as a result of the misinformation that caused the Global Financial Crisis of 2007 and 2008 and the real estate market crash preceding the crisis. The misinformation threatened the entire financial system of the world, resulting in a debt crisis for a number of countries. Many American families are faced with economic hardship resulting from the increased cost of energy as a result of policies based on climate change research data analysis with no evidence or scientific foundation supporting the theory. COVID-19 policies adopted by the United States government destroyed many small businesses across the country which supported families for generations. Government policies in response to COVID-19 interjected bureaucrats with no medical training between doctors and the treatment provided to their patients. Recent peer-reviewed publication Walters (2020D) introduced Walters and Djokic Quantitative Analysis Factor Distortion Theory to address the problem of unreliable data analysis lacking validity and credibility, resulting in junk science being accepted into the literature as scientific research. Walters and Djokic Quantitative Analysis Factor Distortion Theory is an expansion of Eddison Walters Modern Economic Analysis Theory that was developed to address the changing factor of technology advancement which has been commonly ignored in error by researchers when analyzing economic data over extended periods. Walters and Djokic Quantitative Analysis Factor Distortion Theory raised significant concerns regarding unreliable data analysis due to changing factors assumed to be constant. Changing factors assumed to be constant have resulted in distorted data analysis, lacking credibility and reliability, which has recently become commonly accepted as scientific research in error. The assumption of, “all else being equal”, has been commonly ignored in data analysis of research being accepted into the body of literature. Ignoring changing factors in data analysis to achieve a predetermined outcome is not scientific research and should not be accepted into the body of literature. Walters and Djokic Quantitative Analysis Factor Distortion Theory is a theory that is critical to restoring reliability and credibility to research accepted into the body of literature.
Keywords: Walters and Djokic Quantitative Analysis Factor Distortion Theory, Eddison Walters Modern Economic Analysis Theory, Walters Real Estate Bubble Impossibility Price Transparency Theory
Eddison Walters Modern Economic Analysis Theory
Eddison Walters Modern Economic Analysis Theory: Building on the Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008
The results of several recent studies called the analysis of economic data from the United States real estate industry preceding the Global Financial Crisis of 2007 and 2008 into question. Advancement of technology is a disruptive force throughout the economy today. The speed at which technology continues to evolve has resulted in significant changes throughout the entire economy around the world. As technology continue to evolve, there is no question technology disruption will continue to occur. Economist can no longer rely solely on backward looking historical data when conducting economic analysis. The evolution of the global economy require an understanding of the impact of advancement in technology occurring throughout the economy as researchers conduct analysis of data to draw conclusions. The result of recent studies led to the development of “Eddison Walters Modern Economic Analysis Theory”. Data analysis suggesting the false conclusion of the existence of a real estate bubble in the United States real estate market preceding the Global Financial Crisis of 2007 and 2008 was presented in Walters and Djokic (2019). Nonlinear regression analysis for correlation of variables in Walters (2019) resulted in 194.041 Mean Dependent Variable, 0.989 Adjusted R-square, 5.908 Square Error of Regression, and 488.726 Sum-ofSquare Residual for the independent variable of “advancement in technology”, and the dependent variable of “home purchase price” preceding the Global Financial Crisis of 2007 and 2008. Walters (2019) concluded advancement in technology was the most significant factor causing home prices to increase preceding the Global Financial Crisis of 2007 and 2008. Overwhelming evidence led the researcher to conclude, the failure to consider the impact of advancement in technology in data analysis was the most significant error responsible for causing data analysis distortion leading to the false conclusion of the existence of a real estate bubble preceding the Global Financial Crisis of 2007 and 2008 (Walters, 2020). The researcher proposed “Eddison Walters Modern Economic Analysis Theory” in the current study. The goal of the new theory is to prevent potential errors in data analysis resulting in data distortion due to the failure to consider the impact of advancement in technology on the data when conducting economic research in the future.
Keywords: Eddison Walters Modern Economic Analysis Theory, Global Financial Crisis of 2007 and 2008, Advancement in Technology, Real Estate Bubble, Financial Bubble, Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008
Walters Real Estate Bubble Impossibility Price Transparency Theory
Evidence From Data Analysis, Fifteen Developed Countries and the United States Home Prices Increase Between 1990 to 2006 Result of Advancement In Technology, Worldwide Economic Collapse and Great Recession Result of False Information by Media and Economic Policy Failures: Walters Real Estate Bubble Impossibility Price Transparency Theory, Real Estate Bubble Is Impossible, An End to Economic Policies Based on False Information
There is no debate the climate on earth is changing but research conducted by Walters and Djokic (2022) presented evidence that established, studies that attribute pollution or manmade cause and effect in climate change research are based on junk science. The study presented evidence that suggested, scientific data analysis linking manmade causes or pollution to climate change does not exist. Walters and Djokic Quantitative Analysis Factor Distortion Theory expanded Eddison Walters Modern Economic Analysis Theory which was developed by Walters (2020A) and was expanded by Walters and Djokic (2022). Walters and Djokic Quantitative Analysis Factor Distortion Theory which was explained in Walters and Djokic (2022) resulted in proposed changes by the researchers to restore the reliability and creditability of data analysis in scientific research. The researchers called for the implementation of changes to American Psychological Association (APA) standards aimed at avoiding junk science such as research that incorrectly links pollution or manmade causes to climate change without scientific evidence based on scientific data analysis from being accepted into the body of literature as scientific research (Walters, 2020: Walters, 2021; Walters & Djokic, 2022). The foundation of Walters and Djokic Quantitative Analysis Factor Distortion Theory is grounded in the principle, of “all else being equal”, which has been a long-established principle for the scientific analysis of data to ensure unknown factors do not distort the results of data analysis. The current study applied the principles of Walter and Djokic Quantitative Analysis Factor Distortion Theory for evaluating the creditability of directing taxpayer resources to green energy policies aimed and reversing climate change. The current study also considered what segment of the population benefits the most from green energy policies and what segment of the population shoulders the cost burden. The current study considered the opportunity cost of allocating taxpayer resources to implement green energy policy by considering challenges facing American taxpayers where the results of investments have quantifiable scientific measurements for successful implementation rather than committing resources to implement green energy policy with no quantifiable scientific measurements for successful implementation.
Keywords: Global Financial Crisis of 2007 and 2008, Walters Real Estate Bubble Impossibility Price Transparency Theory, Walters and Djokic Quantitative Analysis Factor Distortion Theory, Eddison Walters Modern Economic Analysis Theory, Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008, Real Estate Bubble, Advancement in Technology
Eddison Walters Climate Change Research Deception and Misinformation Theory
While Poor and Lower Income Taxpayers Are Forced to Subsidize the Lifestyle of Well- To-Do Elites, Evidence in The Current Research Suggested No Reliable Data Have Ever Existed for Scientific Analysis That Suggested Pollution or Manmade Contribution to Climate Change: Presenting Eddison Walters Climate Change Research Deception and Misinformation Theory
There is no debate the climate on earth is changing but research conducted by Walters and Djokic (2022) presented evidence that established, studies that attribute pollution or manmade cause and effect in climate change research are based on junk science. The study presented evidence that suggested, scientific data analysis linking manmade causes or pollution to climate change does not exist. Walters and Djokic Quantitative Analysis Factor Distortion Theory expanded Eddison Walters Modern Economic Analysis Theory which was developed by Walters (2020A) and was expanded by Walters and Djokic (2022). Walters and Djokic Quantitative Analysis Factor Distortion Theory which was explained in Walters and Djokic (2022) resulted in proposed changes by the researchers to restore the reliability and creditability of data analysis in scientific research. The researchers called for the implementation of changes to American Psychological Association (APA) standards aimed at avoiding junk science such as research that incorrectly links pollution or manmade causes to climate change without scientific evidence based on scientific data analysis from being accepted into the body of literature as scientific research (Walters, 2020: Walters, 2021; Walters & Djokic, 2022). The foundation of Walters and Djokic Quantitative Analysis Factor Distortion Theory is grounded in the principle, of “all else being equal”, which has been a long-established principle for the scientific analysis of data to ensure unknown factors do not distort the results of data analysis. The current study applied the principles of Walter and Djokic Quantitative Analysis Factor Distortion Theory for evaluating the creditability of directing taxpayer resources to green energy policies aimed and reversing climate change. The current study also considered what segment of the population benefits the most from green energy policies and what segment of the population shoulders the cost burden. The current study considered the opportunity cost of allocating taxpayer resources to implement green energy policy by considering challenges facing American taxpayers where the results of investments have quantifiable scientific measurements for successful implementation rather than committing resources to implement green energy policy with no quantifiable scientific measurements for successful implementation.
Keywords: Credit to Private Sector, Educational Investment, Unemployment, government recurrent expenditure, labour force participation rate
Walters and Djokic Quantitative Analysis Factor Distortion Theory: Addressing Challenges to Validity and Reliability in Scientific Research, Examples of Junk Science Research on Climates Change, COVID-19, the United States Real Estate Market and Global Financial Crisis of 2007 and 2008: https://www.eajournals.org/wp-content/uploads/Walters-and-Djokic-Quantitative-Analysis-Factor-Distortion-Theory.pdf
Skyrocketing Home Prices, The Global Economic Risk, False Real Estate Bubble, Attack on Capitalism, COVID-19 Misinformation: The Destruction of Subprime Mortgage Lending, Sidelined New Construct, Global Financial Crisis Fallout: https://search.informit.org/doi/pdf/10.3316/informit.473309068337114
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: http://jibe-net.com/journals/jibe/Vol_7_No_2_December_2019/15.pdf
No Real Estate Bubble Preceding Global Financial Crisis: Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008: http://jibe-net.com/journals/jibe/Vol_7_No_2_December_2019/1.pdf
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: https://www.researchgate.net/profile/Eddison-Walters-2/publication/342394206_Impact_of_Advancement_in_Technology_False_Conclusion_of_Real_Estate_Bubble_Record_Low_Mortgage_Delinquency_Irresponsible_Media_US_Economic_Policy_Disaster_Evidence_Supporting_Eddison_Walters_Risk_Expe/links/5f02fd94a6fdcc4ca44ea040/Impact-of-Advancement-in-Technology-False-Conclusion-of-Real-Estate-Bubble-Record-Low-Mortgage-Delinquency-Irresponsible-Media-US-Economic-Policy-Disaster-Evidence-Supporting-Eddison-Walters-Risk.pdf
Increase in Consumer Debt Preceding Crisis Due to Advancement in Technology, Further Evidence Supporting the Idea No Real Estate Bubble Existed Preceding Crisis Presented by Eddison Walters Risk Expectation Theory of the Global Financial Crisis of 2007 and 2008: The Case for Eddison Walters Modern Economic Analysis Theory: https://www.researchgate.net/profile/Eddison-Walters-2/publication/343795876_Increase_in_Consumer_Debt_Preceding_Crisis_Due_to_Advancement_in_Technology_Further_Evidence_Supporting_the_Idea_No_Real_Estate_Bubble_Existed_Preceding_Crisis_Presented_by_Eddison_Walters_Risk_Expect/links/5f9c0be6458515b7cfa9755e/Increase-in-Consumer-Debt-Preceding-Crisis-Due-to-Advancement-in-Technology-Further-Evidence-Supporting-the-Idea-No-Real-Estate-Bubble-Existed-Preceding-Crisis-Presented-by-Eddison-Walters-Risk-Expec.pdf
Eddison Walters Modern Economic Analysis Theory: Building on the Eddison Walters Risk Expectation Theory of The Global Financial Crisis of 2007 and 2008: https://www.researchgate.net/profile/Eddison-Walters-2/publication/339032063_Eddison_Walters_Modern_Economic_Analysis_Theory_Building_on_Eddison_Walters_Risk_Expectation_Theory_of_The_Global_Financial_Crisis_of_2007_and_2008/links/5f02fbb892851c52d619ea2e/Eddison-Walters-Modern-Economic-Analysis-Theory-Building-on-Eddison-Walters-Risk-Expectation-Theory-of-The-Global-Financial-Crisis-of-2007-and-2008.pdf
Evidence From Data Analysis, Fifteen Developed Countries and the United States Home Prices Increase Between 1990 to 2006 Result of Advancement In Technology, Worldwide Economic Collapse and Great Recession Result of False Information by Media and Economic Policy Failures: Walters Real Estate Bubble Impossibility Price Transparency Theory, Real Estate Bubble Is Impossible, An End to Economic Policies Based on False Information:https://www.ccsenet.org/journal/index.php/ibr/article/view/0/44025
George Williams Show 3-14-23 Dr. Eddison Walters and mortgages vs. banks as source: https://audioboom.com/posts/8264078-george-williams-show-3-14-23-dr-eddison-walters-and-mortgages-vs-banks-as-source
George Williams Show 7-26-2022 Dr. Eddison Walters Prediction of A Coming Financial Crisis: https://audioboom.com/posts/8127934-george-williams-show-7-26-22
Dr. Eddison Walters predictions of a coming housing and financial crisis in 2022: https://omny.fm/shows/the-carl-nelson-show/professor-ray-winbush-the-duke-of-earl-gene-chandl
Dr Walters the leading experts in the world on the factors that led to the Global Financial Crisis of 2007 and 2008 and The Great Recession. Dr Walters research have also focused on the looming homeless crisis facing the country today, the state of the real estate market today, and the risk exposure of a future worldwide financial crisis.
Dr Walters the leading experts in the world on the factors that led to the Global Financial Crisis of 2007 and 2008 and The Great Recession. Dr Walters research have also focused on the looming homeless crisis facing the country today, the state of the real estate market today, and the risk exposure of a future worldwide financial crisis. Dr Walters is also of the leading experts in the world on the subject of quantitative research methods with many financial and quantitative analysis theories credited to him. After being suspended from Twitter for several years and his recent LinkedIn account suspension for post about his scientific research publications, Dr Walters launched this platform to share his research publication.
Dr Walters was born in the country of Trinidad and Tobago. As a young child his family migrated to the town of Christiansted in the United States Virgin Islands where he began his education. Dr became fascinated with the founding-father Alexander Hamilton who also migrated to Christiansted as a young child. The idea of the American Dream was instilled into Dr Walters at an early age. After graduating from high school, Dr migrated to Tuscaloosa Alabama. Dr Walters completed his undergraduate in Business Administration at the University of Alabama where the value and tradition further helped develop his character. Dr. Walters felt and obligation to give back to the community so his very first job after graduating from the University of Alabama was an unpaid job helping develop a community development loan fund focused on economic development in an economic distressed part of the state called The Blackbelt. While working with business at the community development loan fund Dr Walters realized self-employment taxes was a significant challenge for small business that hindered the access to capital. Dr Walters desire to help small business led him to become a mortgage broker where he provided access to capital to many small business. Subprime mortgages was one of the tools used by DrWalters that helped provide access to capital for many small business owners. The narrative of the real estate crash and the Global Financial Crisis that followed seemed strange to Dr Walters so he felt and obligation to do something to uncover the truth. In 2010 Dr Walters decided to abandon his person goals and take on the challenge of understanding the true cause of the real estate crash and Global Financial Crisis. The first step in the process was to return to school for his MBA. In 2011 Dr Graduated from Salem University with his MBA in International Business then immediately started work on his doctorate degree at Keiser University where he obtained in doctorate as a result of his research on the Global Financial Crisis of 2007 and 2008.
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