Well, in all fareness, this is highly unlikely that it would happen, but it did happen to me while I was cleanup up some rubbish in my filesystem. It wasn't a big deal as I quickly realized what was happening.
Here's the way I reproduced it:
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Terminal1:
mkdir -p ~/a/b
cd ~/a/b
Terminal2:
cd ~
rm -rf a/
Terminal1:
cd ..
cd: error retrieving current directory..................
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It might not be a huge issue, but I though I'd report it.
Best regards
Odd Beck