By Liam Heneghan
For Patricia Monaghan, poet and friend
“I am cold and alone on my tree root, sitting as still as stone.” I recited this forlornly, lost in E. J. Scovell’s poem. I was ten years old and competitively reciting at the Father Matthew Feis, an annual all-Ireland poetry festival. The year was 1974. “The fish come to my net,” I continued, “I scorned the sun, the voices on the road and they have gone.” Beneath me I could feel, not the stage boards of the Father Matthew Hall in Church Street, Dublin, but dead root-timber; the stage light was the sun. “My eyes are buried in the cold pond under the cold, spread leaves; my thoughts are silver-wet.” The scuffling schoolboys and girls, their mammies and daddies and their elocution teachers, were gone; I was staring into the peat-dark and swollen waters of the Finglas River which emptied onto an Atlantic beach in Camp, Co. Kerry, my fishing rod in hand, dressed up as the sky.
This was my father’s experiment: on an overcast afternoon, beneath the dreep of autumn hedges, dress your sons in plastic rubbish sacks, fashion hats out of blue shopping bags and set them loose on the banks. No bites that day for me; perhaps the fish were fooled or perhaps in their own piscine way they shared the bemusement of the mirthful onlookers who strolled over to examine the young boys that were disguised as the sky. I scorned them, I scorned them all and slumped humiliated beneath the hedge and gazed damply into the waters; I endured my own thoughts; I waited. Though I failed at being the sky, and failed as a fisherman, I was, however, remarkably good at memorizing poems. An achievement made more remarkable maybe, by the fact that, at the time, I remained functionally illiterate.

The late economist Hyman Minsky wrote that after fortunes inflate on the back of a speculative bubble, and after investors’ irrational optimism and overvalued assets inevitably collapse, an economy enters a “period of revulsion,” when people remember that it’s risky to bet big on an uncertain future. Likewise, it’s always during the depths of a hangover that a drinker remembers how whiskey invites its own overconsumption and swears that the only way to avoid another descent into this purgatory is to never touch the stuff again. But after the fog leaves and with a clear head regained, he forgets the pain after the party and declares another Manhattan to be an eminently reasonable investment. Of course, the trick is to recall at just that moment how miserable you’ll be after another three. A pessimistic economist faces the same cyclical popularity as a tee-totaling friend; a consoling voice the morning after becomes a buzz killer as soon as night falls again.