Paper Usage — Making the Grade

"Certainly, with the weakness in the international economy, we're seeing a whole lot of imports of everything, including paper," he says. "As with the economy at large, we're seeing very modest inflation. In fact, pretty much for all commodities—which paper is—we're not seeing inflation, but deflation, in large part because much of the world economies where these commodities are produced are depressed. To put it simply, America is kind of the market of last resort, the demand of last resort."