Q1 Paper Outlook — The Price Is Right

The third and fourth quarters of 2001 saw a continued drop in paper prices, across the board, in response to an economy clearly in recession and as a result of the September 11 tragedies.

"Pre-September 11, there were lots of layoffs, the economy wasn't doing well and consumer confidence was low," continues Tannenbaum. "September 11 was a seismic event that made all those conditions all that much worse. All the uncertainty that people already had was highlighted by the terrorist attacks."