Very much chimes with a few folks I follow, including Ray Dalio (of course) and Luke Gromen. Your friend's calls are uncannily similar to some elliot wave strategists including a Dane who does a lot of work on plotting the deflationary bust ahead. He sees silver at $8 some point in the summer, and not for a particularly long period either so you've got to get in quick when everyone is liquidating assets. U.S. debt is such that, as hinted by Powell just yesterday, they are ready to do ANYTHING it takes. That's when PMs and miners are going to the moon, seems he's inspired a final melt up in the mean time.
On housing, flipping typical that as I now start applying for jobs in the Midlands, house prices around Berkshire, my original target area, are now seeing juicy drops.