Can't say much for our current trade defecit, but we've had one for decades, and you and I are still able to pay the rent and burn the electricity to post to one another over a $30/month Internet connection. So I'm okay and you're okay.
As for the money tide, the dollar bottomed out seven months ago and is at the high for the year. It means people are buying dollars and selling other foreign currencies.
Yeah...enjoy it while it lasts because if it keeps up, China's gonna end up owning this nation.