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The phrase 'I thought that would be that' signifies perceiving a situation as concluded or settled.
'I thought that would be that' means that the speaker believed a situation had concluded or was settled.
For example, when someone says 'I thought that would be that' after a discussion, it implies they believed the matter was resolved.
In the provided text, the phrase 'I thought that would be that' reflects the speaker's perception of closure or finality in a situation.
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