"This is a classic inventory cycle, " said Dr . Neal M . Soss, an economist at Credit Suisse First Boston, who believes the economy will grow by about 1 percent in the first half of the year and about 3 percent in the second half.
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Bonds would rate a buy if the economy weakened appreciably in the next six months, but that won't happen, he argued, because " the economy is well supported by fundamental income growth, still-competitive currency, the need for business to boost productivity and the dynamics of the inventory cycle ."
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