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Difference between Be in deep waters and Do a deep dive

be in deep waters —(also: be in deep water) be in trouble or serious financial difficulties:

  • Spence inspected the books and realised the mining company was in deep waters with the falling copper prices.

Note: The expression does not correlate in meaning with the phrase be too deep for someone—be too difficult or complicated for a person to understand or deal with successfully:

  • Perhaps the subject is too deep for me. Or the statements of the ancients too obscure and incoherent…

do a deep diveexplore an issue or subject in-depth:

  • I felt that this book did a deep dive on many topics that other books just briefly introduced.