“The term liminal comes from the Latin līmen, meaning threshold. A threshold is the crossing point — the place between two states (inside/outside, past/future, old/new).
liminal state is the in-between state, suspended between what is ending and what is yet to emerge. It is the space of uncertainty, but also of possibility.
We are now in such a liminal phase — a Fourth Turning — the period in the generational cycle where old orders give way to new societal structures.
Just as past turnings reshaped nations, economies, and institutions. Old structures are dissolving, new systems are not yet solidified, and within this threshold lies the opportunity to build enduring foundations for the digital age. "
in the age of manufactured liquidity, as debts are monetized through credit providers, monetary inflation hedges matter more than financial repression because they preserve real wealth, rather than just income.
During the COVID-19 pandemic, governments implemented aggressive, near-unlimited quantitative easing. Today, deficit monetization continues quietly—seen in the UK during the gilt crisis and the US running record-high deficits—while the Bank of Japan now owns nearly 50% of Japanese Government Bonds (JGBs), contributing to the depreciation of the yen. Such extensive fiscal intervention is unprecedented outside of wartime conditions
Historic events, such as the Plaza Accord, demonstrate how coordinated interventions can devalue national currencies and alter global markets. perhaps ‘Mar-a-Lago Accord’ is next?
At Limen, we follow a macro-driven, systematic workflow that emphasizes disciplined portfolio construction, rigorous risk management, and optimized return outcomes. Every step is designed to align global insights with quantitative precision.
identify global liquidity cycle, monetary and fiscal shifts
quantitative screening on crypto assets
optimize weighting and risk adjusted returns.
hedge downside, rotate across cycle, capture sustainable yield opportunities in defi.
