InsideARM is reporting that the economic mood of consumers remains gloomy. The Conference Board’s Consumer Confidence Index was down to 50.4 in June, down over 50% from the lofty 105.3 points reported in June of 2004.

The Wells Fargo/Gallup Small Business Index Survey has revealed some troubling numbers for small business owners. A quarterly phone survey of 600 owners nationwide has revealed that more than one-third believe their personal financial situation is deteriorating, and as many as half have postponed a major purchase in the past three months.