Quote:
Originally Posted by Torture
Also, inflation staying at or below 1% over the life of the deal is a pretty risky bet from the City's perspective.
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Based on historical data coupled with forecasts if inflation averaged 1% I would be absolutely shocked. The City is the main loser on this. But negotiating with Edwards is always an uphill battle. At the end of the day all things being equal this deal given the market environment is what all parties agreed to after negotiations.