Trade deficit and the economy

The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of Commerce,
announced today that total January exports of $180.8 billion
and imports of $233.4 billion resulted in a goods and services
deficit of $52.6 billion, up from $50.4 billion in December,
revised.

The continued increase in the trade deficits reflects our loss of competitiveness, as discussed here many times.

The decline in productivity growth results in slow economic growth, weak dollar, and substantial borrowing to finance the trade deficit.

We are fortunate to have a central bank that can print money. Printing money, however, does not improve our productivity and hides the health of our economy.

How long will it last without disrupting the functioning of our financial markets?