I didn’t hear his interview, but I’m very familiar with this point of view. I think most of the people who hold this view are at least one or two years early.
Dave Collum had some spicy takes on the overvalued nature of stocks on nostr:npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw which were interesting. The repricing he suggested was incoming sounds catastrophic. If you listened, I'd be interested to hear your thoughts on it. I hadn't heard someone put it quite the way he did suggesting that prices are going to revert to the mean (of 40 years ago).