The fastest trillion-dollar milestone in history! American companies announce stock buybacks at record speed, injecting a shot in the arm into the US stock market.

According to the Securities Times, American companies are planning to buy back stocks at a record pace, indicating their confidence in the economy. NVIDIA (NVDA.US) is the latest company to join the buyback program. Data compiled by Birinyi Associates shows that as of August 20th, announced stock buybacks have exceeded 1 trillion US dollars, reaching this level in the shortest time ever. The previous record was set in October last year.