Thomson Financial News - World markets continue to experience volatility as a result of the US subprime crisis. Uncertainty remains about the extent of losses associated with the US subprime fallout, which is likely to result in some degree of volatility over the period ahead. This has resulted in recent falls in the local share market. However, I note we are well placed to ride out the turbulence that flows from events in the United States even though we are not immune from it. The prospects for ongoing growth in Asia and the developing markets are assisting us to withstand the fallout occurring elsewhere.