Another good day for US stocks… and a rare decent day for gold. But the big economic news yesterday was that Larry Summers has withdrawn from the race to be the next Fed chief. If only Janet Yellen, Don Kohn and Alan Blinder would do the same! Then who would be left in front of us in line for the post? Only about 50,000 economists – every one of whom is smarter, better educated, better connected, with better social skills and a better haircut… From the start, our campaign to become the next Fed chief has faced long odds.