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Practice Listening: Fill in the Blanks (Type In) ID: #48702 Long Drumbeat
Instructions
* Fill in the missing words into the blank fields
Despite  a  drumbeat  of  bad  economic  news,  the    market  is  up    almost  11  percent  in  the  last  few  weeks.  Junk  bonds,  those  risky  corporate  I.  O.  U.'s,  are  rallying.  The  value  of  financial  shares,  bank  loans,  tricky  credit  derivatives    up,  up,  up.  Many  on  Wall  Street,  the  epicenter  of  the  credit  mess,  seem  to  think  that  the  worst  is  .  For  the  first  time  in  months,  analysts  and  executives  sound  upbeat  again.  Many  of  them  see  a  broad,    recovery  in  both  the  economy  and  the  financial  markets  coming  in  the  second  half  of  this  year,  a  prediction  some  market  strategists  call    at  best.  For  now,  policy  makers  are  echoing  the  mood  on  Wall  Street.  Treasury  Secretary  Henry  M.  Paulson  Jr.  said  in  an  interview  with  Bloomberg  Television  on  Thursday  that  "we  are  closer  to  the  end  of  this  problem  than  we  are  to  the  beginning."

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