In part one of a two-part, exclusive Wealth Manager interview, DoubleLine Capital Chief Investment Officer Jeffrey Gundlach discusses with Editor in Chief Kate McBride the state of the fixed income markets, including "government stimulus programs," tax increases, and the specter of "11 million" homeowners in default.

Gundlach was early to call attention to serious problems in the credit markets, calling the mortgage markets an "unmitigated disaster," by mid-2007, at that time.

Hear the exclusive Podcast.

Comments? Please send them to [email protected]. Kate McBride is editor in chief of Wealth Manager and a member of The Committee for the Fiduciary Standard.