With the stock markets facing extreme volatility this week, major media networks are proclaiming the end of days is nigh — but not until late 2020.

This week’s swoon saw the Dow Jones lose 1,300 points between Wednesday and Thursday, the S&P 500 losing 5 percent and the VIX, which measures how worried traders are about the decline, hitting its highest levels since February when the S&P had its last correction, losing 10 percent of its value.

Mainstream media outlets are now warning that the next recession will be “worse than the Great Depression.”