The securities law does not regard any asset in an of itself a security. Rather it is the process of offering & “circumstances surrounding the sale” that determines a security. The notion that XRP is declared not a security is disingenuous and ridiculous. Their programmatic retail offer was not found a security as it occurred on an exchange (out of their hands). YET they were found violating the securities law in the institutional sale - the most important part of the ruling that the XRP shills won’t discuss to dupe retail buyers one more time.

“All models are wrong, but some are useful” is being fallaciously used recently to justify PlanB’s invalid model and its glaring prediction errors (e.g., 73% persistent multi-year error which btw he thinks is low). PlanB’s model has been an IQ test for the Bitcoin community and many have failed.

New Home Sales decrease to 697,000 Annual Rate in June.

Median sales price also down to $415,400. A 2nd order polynomial regression highlights the incredible post-pandemic pump and a ways to go.

The sales count figure had surprised to the upside last month at 763K which was revised down to 715K. Recently, the recent trend in government data has been report-high-then-revise-down.

CPI rises a mediocre 0.2% MoM (eq. to ~2.5% annualized). In the last 3 months the growth has been 3.1% annualized. YoY 3.2%.

Core CPI also 0.2% MoM and 4.7% YoY.