The strategist who said $140k is the new poverty line sees the potential for a 1929-style stock crash, and it's not because of AI

Brendan McDermid/Reuters

• Strategist Mike Green says he's worried about a 1929-style stock crash.
• That's because he says a bubble has formed in passive investing, he said.
• Green, who went viral over his claim that $140,000 is the new poverty line, also sees issues in private credit

The strategist who went viral for saying $140,000 is the new poverty line has another hot take: there's a different bubble in markets more worrying than the one that's been rattling the artificial intelligence trade.