agman said:
Agman, the evidence of manipulation was proven by the Pickett plaintiffs to the jurors. The arguments you bring were probably the ones that were brought "behind closed doors". It was your and SH's assertion that price manipulation in the beef industry did not happen because the profit margins in beef were not increased. That was never my assertion. I showed that it was just a diversion. The PSA never had that as an element necessary for the proof of market manipulation. That was just made up by the court. Same thing on the London case, the poultry case cited by the 11th circuit for the appellate decision on harm to competition.
You asked me before if I thought judges had the right to throw out jury decisions. My answer is yes, sometimes, but they better have some darn good reasons. They showed how ignorant they were with their appellate decision of economics. That is one of the reasons Israel had judges for just a short period of time. Only God knows everything. All the rest of us only get glimpses of truth. That glimpse of truth is often blurred by our own self interest. I thought OCM had that one correct. When we realize that is the case, we are better able to take a little of the blur out, hopefully.
What we have is a few judges that don't know squat about economics or markets trying to substitute their judgement for the jury. They have been talked to "behind closed doors" by people who want to blur the truth for their own self interests. I have pointed out some of those self interests.
As for being a mortal, I am in the same boat as everyone else. I don't look down on anyone. Jason, SH, MRJ, Tam, BMR, Murgen, and even you are unique in your own way and God loves all equally. Even you and I. I count myself no higher nor any lower than any other. All have sinned....
As for my statement you attribute to me, "if supply does not go down prices cannot go up", you will have to put that in context. Sometimes it is the case and sometimes not. I don't remember exactly what the context was for that quote. I was probably talking about the middle of the cattle cycle where there was too much supply for the market (consumption), but I do not remember. If you would like to share your laughter, you will have to post my whole comment, as I do not remember the context.
You like Chubby Checkers, I see. Personally, I like Little Richard. As I told BMR once, I like to dance. Gets the blood moving. I see again in this post your tell is showing. You are not going to win any poker games-- or arguments that way.
