re: I think I'm starting to understand your view
Maybe...
I'd say it doesn't really matter much right now, but it does matter some becuase the trade deficit will eventually reverse itself. I don't know when, but it will...When it does, it will be inflationary for the US economy.
Then you might see long term interest rates start to increase.
I'd say thats still 5-10 years away on the short end, and perhaps 20+ years away on the long end.
In the meantime, things should remain pretty much as they are unless Washington DC does somethhing really stupid like shut the doors to immigration, enact trade barriers and Tariffs, raise taxes, or allow a nuclear war to start somewhere in the world that kills 100 million or so consumers. Then the shit hits the fan.