Meanwhile Reading have received international clearance for Icelandic striker Gunnar Thorvaldsson, who joins the club on loan from Danish side Esbjerg.
Iceland took the lead with their first attack - a long ball sailed over the visitor's defence and Bjornsson provided the cool finish from Gunnar Heidar Thorvaldsson's intelligent cut-back.
But Mr Legrain has a gift for combining big numbers that offer a sense of the scale of the global build-up in things like household debt while zeroing in on what all this means for people like Thorvaldur Thorvaldsson, a proudly left-wing Icelandic carpenter and unlikely sometime property speculator.